EXCLUSIVE | Motilal Oswal's Raamdeo Agrawal shares wealth creation mantra

'Wealth Creation Week': Raamdeo Agrawal shares tips for investment on Zee Business. He talks about the difference between wealth creation and wealth saving, trading and investment.

Source: PTI

In an exclusive interview with Zee Business, Raamdeo Agrawal, chairman of Motilal Oswal Financial Services Ltd shares the wealth creation mantra. For investments, one should consider "good business, good management, and good price" companies.

Here's a list of some tips he shared in a conversation with Anil Singhvi, managing editor of Zee Business.

During the pandemic lockdown, the stock market was so fearful.
The market gives such chances once in 5-7 years.
Invest in tranches because even when you buy a stock at a cheaper price, it will further go down. So you will definitely suffer losses for some time.
Understand the difference between wealth creation and wealth saving, trading and investment.
Before investing, try to read ace investor Warren Buffet's annual letter of 2017.
Fundamentally buy good and great businesses which can provide good returns.
One should invest in a company that has good and honest management.
The companies which you can understand well, only invest in them.
Also, the companies which have a hunger for growth, passion, courage, and integrity.
Make a portfolio like two-thirds of old companies and one-third of new companies as there are chances that new entrepreneurs will provide better returns.

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