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The art of wealth creation

Mudar Patherya
Mudar Patherya

My refuge in this meltdown has been Raamdeo Agrawal's 'The Art of Wealth Creation.' Raamdeo's formula is that successful stock picking - his index is 100x, no less - is captured in the acronym of SQGLP, independently standing for Small size x Quality of business and management x Growth in earnings x Longevity of quality and growth and favourable Purchase price. Raamdeo's 100x has not been wished out of thin air; the broad Indian stock market appreciated 100-fold in the past three decades (annualised return of 17 per cent). So, his contention is that when you add ...