What is the best purchase you have ever made? Oh! An interesting question! The best purchase I ever made was shares of Maruti Suzuki, India. I applied through the IPO in 2002, when online submission systems were not yet available. It was a rainy season in Mumbai. On the day of submission, heavy rain and strong wind made it a struggle just to save the umbrella and reach the office of the Stock Holding Corporation of India. Yet I did not surrender to the situation—my instinct was firm to submit the applications, one for myself and one for my wife. We were fortunate to receive allotments. My wife was even luckier–she received 100 shares, while I was allotted half that number.I realized that the company seemed to give priority to women applicants. Why was this the best purchase? The shares of Maruti Suzuki, bought at about $2.00 per share, are now trading above… Continue reading From rain to rise — Maruti Suzuki IPO, the purchase that proved instinct stronger than storm.
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