Book review: The Unusual Billionaires by Saurabh Mukherjea
Saurabh Mukherjea's deep dive into the seven most successful Indian companies
Not all the billionaires in this book are unusual but that doesn’t deflect from the merits of Saurabh Mukherjea’s deep dive into the strategic merits of seven of India’s most consistent corporate performers in the last 25 years. Using Robert Kirby’s “Coffee Can Portfolio" model (which posits that to make serious money, an investor has to let a sensibly constructed portfolio of stocks lie untouched for a long period of time), Mukherjea, who is the chief executive officer (CEO) of institutional equities for brokerage firm Ambit Capital, first examined the universe of 5,000 listed stocks and zeroed in on those with a market cap of at least ₹ 100 crore. This surprisingly low barrier yielded a list of just 1,500 companies, which points to the lack of choice for Indian investors.