By Guruprasad
Not sure if it is related.

http://www.sebi.gov.in/cmorder/rakesh.html

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Look at point (h)



(h)               Shri Rakesh Jhunjhunwala had in his interactions with the media recommended purchase of a few scrips. It was observed that while making the recommendations he had substantial holdings in the said scrips and the price of the scrip as well as trading volumes increased soon after the recommendation was made.  It was further noted that after the said increase in the price, Shri Rakesh Jhunjhunwala liquidated his holdings.












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Originally posted by prabhakarkudva ....If you ask him to start over again it is debatable if he'll be able to repeat his success or not while someone like buffett most definitely can....

I am not so convinced about Buffet as well. I am a big fan of his investment style and life philosophy in general, but if you purely look at his investments and take away the the fact that he keeps getting incremental capital from his business (read insurance float), then you would find that there are a lot of investors with his ability to get sustainable returns from financial markets. Take the example of Lynch, Soros, Schloss, Dremen, Klarman, Pabrai etc who have generated very good returns over pretty extensive periods of time. The difference is the capital. Buffet owns majority of class A shares of Berkshire and therein makes his billions and the others manage other people's money.

If you look at people like RJ, Damani (specially RJ), he has made his big money in really long term stocks. How many people are there in the markets today with a holding period of 10-15-20 years? Trading gives the thrills and the emotional satisfaction of being in the markets 24x7, but the long haul stocks makes him the money.

Personally, I try learn from everyone, people who have done well and also who have not done well and try to get at a stage were I am convinced about my investments. End of the day, it is my hard-earned money that I am investing. So, I need to focus on my competence (and more importantly, my incompetence)

Technically speaking (legally) he might be correct (with all those disclaimers etc) but he knows how retail investors would react once he does a block/bulk deal in a stock
it has happened with many stocks recently
Visaka, JB Chem and now Orchid Chem
It is better to do these transactions discreetly
and I am sure he would be doing a lot many transactions discreetly

Originally posted by Kabootar that's vested interest for you... they dont have any obligation towards our wellbeing. I remember watching RJ being asked by an investor about any stocks he could recommend on a UTV special show some months back. He said since tomorrow I wont be calling you up and tell you to exit, I wont name any companies now!

Yeah, that 'probability' approach sounds more like VC/PE fund manager style. They experiment with all new ideas in the market - dotcom, biotech, biofuels, restaurants, service apts, and what not -  with a clear understanding that ONLY some of them will eventually survive!