Stock markets reward persistence. Good risk appetite can multiply wealth 1000 times in 30 years. Story of Ramdeo Agarwal of Motilal Oswal is a sample for huge rewards in long term investing. Agrawal started his investment journey with Rs 1 crore in 1990. At the time of the Harshad Mehta-led market rally in 1992, the value of his investment increased to Rs 30 crore. However, once the bubble burst, the value of investment reduced to Rs 10 crore from Rs 30 crore in correction after the 1992 market rally. The value of his investments increased 10 times from Rs 10 crore to Rs 100 crore in the Y2K market rally of 2000. The correction after the Y2K rally saw 70 per cent erosion in the value of his investment and it plummets to Rs 30 crore from Rs 100 crore. However, within seven years, the value of his investment soared by as much as 833 per cent – from Rs 30 crore to Rs 550 crore during the 2007 market rally. The market meltdown after the 2007 rally resulted in a steep fall in the value of
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