Few thoughts on RJ as per my observation alone:
1) In intial phase RJ must be exceptionally lucky as per Taleb's MF Mgr theory, whatever he has touched must have turned gold. Reason for this beleif is that unlike WB, RJ's starting days is not documented anywhere.
2) #1 does not mean RJ is junk, hes smart and once he reached to a certian level started gaining access to mgmt of many new start ups in new domain. Such inside info has made him VC rather than retail investor.
3) I beleive, RJ theory seems to be investing in growth in niche area and playing by smart probability rather than anything else. If you invest in 5-10 new start up then few losses will be overtaken by huge gains.
4) Most important is RJ's optimism, it comes if one makes huge money and inspires you to remain invested for pretty long term and make you calm amidst volatility.
Overall RJ plays dangerous games one can not find comforting words like value, margin of safety etc. so difficult to copy for many small retail investor.
In the whatever its RJ is poster boy for indian investor due to his sheer success.