Dalal Street: Who rules it?
What's the story
It's not as easy to make money via stock markets as 'Wolf of Wall Street' shows. There are several complex algorithms at play and the risks are monumental. One could actually end up being a pauper in seconds in one risky gamble that didn't pan out. Here are some desi-mavericks who are bringing home ruling the stock exchange with their investing acumen.
Indian Buffett
Rakesh Jhunjhunwala, the man with a Midas touch
Jhunjhunwala is the man who is found imparting nuggets of investing wisdom and has been referred by the media as "India's Warren Buffett" He started dabbling with stocks when he was in college and is now one of the richest people in India. His net value is around a staggering $2.2 billion and he ranks at 53 in Forbes list of India's richest people.
D-Mart
Radhakishan Damani, the silent operator
He is the man who taught Rakesh Jhunjhunwala the tips and tricks of Dalal Street. The 61-year-old stock broker rarely makes public appearances but has been in news recently when his venture D-mart opened 115% premium to its listing price. He rules the roost with a valuation of $2.3 billion and is often called "a legend on the Street" by his peers.
24 Mar 2017
Shivanand Mankekar, the ghost who sees all
What is most surprising about Mankekar is the fact; he is the most humble of the lot and lives in an simple apartment in Mumbai where his neighbours till recently had no idea what he did. He is an academician and teaches financial management in his classes. Nobody knows what he is exactly worth, but his portfolio is north of 1,000 crore league.
Woman broker
Deena Mehta, India's first female stockbroker
Deena became successful in a heavily male-dominated sector and climbed up the ladder to become BSE's first female president. 'Deenaben' started from the very bottom and it was also reported that she did odd-jobs at the trading pit and the back office to supplement her income. Deena Mehta is also a visiting faculty discussing "stock markets" at leading management Institutes like IIM (Ahmedabad).
Journey
Know your stock exchange
Bombay Stock Exchange is Asia's oldest stock exchange and has the largest number of listed companies in the world. The first stock to be traded here was the stock of the Dutch East India Company. BSE's benchmark index is regarded to be a index that shows the growth or fall of India's economy.
Background
The greatest investor of all times
The "Oracle of Omaha," bought his first stock at the age of 11 and filed his first tax at the age of 13. He is the world's second richest man with a valuation of $75.9 billion dollars. Buffett and Bill Gates started the "The giving pledge" and promised to spend most of their fortune in philanthropy.