Ramesh Damani: “I missed Bajaj Finance—my biggest regret”
Damani said he deeply admired Bajaj Finance’s management and understood the business, yet he completely missed the opportunity when it got listed.
“My circle of confidence was in my backyard, and yet I missed Bajaj Finance. It was extraordinarily stupid of me… I know the hurt of missing a stock like that.”
He also shared how he exited Apollo Hospitals, a stock he bought at ₹20 in 1993 that grew 100x over 25 years.
But during COVID, he sold at ₹2,000—not because the business changed, but because he felt he had made “too much money.”
“If you want to be Warren Buffett, you cannot make mistakes like that. Those are unacceptable mistakes.”
Sunil Mahatani: “I sold Apple too early”
US-based investor Sunil Mahatani recalled spotting Apple’s potential when Steve Jobs returned and launched the iPod in 2001.
He understood the company was transitioning from a tech hardware maker to a global consumer business powerhouse.
He sold the stock after it merely doubled—long before it grew from a $4 billion market cap to over $4 trillion.
“The opportunity got away because I thought there were cheaper opportunities elsewhere.”
Key Lesson From Market Veterans
- Great businesses often look expensive—but deliver massive long-term wealth.
- Selling too early can be more costly than a bad buy.
- Conviction + patience = multibagger wealth creation.
Their stories underscore a timeless truth:
The biggest returns often come from holding the right businesses long enough.
