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Rakesh Jindranwala's Long-Term Hold
- Rakesh Jindranwala borrowed $25,000 to start investing, using his signature as collateral.
- He held onto key stocks like Titan for decades, creating a multibillion-dollar fortune by doing nothing but holding.
Hold Great Businesses Through Growth
- Buffett and Munger focus on whether a business is getting better, not just valuation metrics.
- It's often sensible not to sell a great business even when valuation seems high if its growth continues.
Few Companies Drive Market Returns
- A few top-performing companies drive most stock market returns over time.
- Broad indexes succeed by holding great companies that grow, regardless of short-term price fluctuations.