Want to invest Rs 1 lakh when in your twenties? Here is Raamdeo Agrawal’s Warren Buffett-style blueprint to compound wealth
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If you're 20 years old and sitting on Rs 1 lakh, Motilal Oswal co-founder Raamdeo Agrawal has one piece of advice: don’t do anything till you understand it. That, he says, is among the best lessons he’s learned from Warren Buffett, and it applies to both investing and life. In a conversation on Groww’s investor podcast released on YouTube, the Motilal Oswal Financial Services co-founder urged young investors to resist the pressure to act without clarity. Agrawal said most 20-year-olds underestimate how little they know about the market. “At the age of 20, what you don’t know is a lot of things… So when you see value–price gap, you will have a, what do you call, limited understanding of it.” He recalled his own investing debut, a hostel tip-off that turned into a three-bagger. “I bought it 15 bucks, and in a year, two years’ time, it became 45 bucks,” he said, noting he was around 22 at the time. “Those kinds of breaks will happen.” At...