It’s tough to become a billionaire but nearly impossible if you want to take the Dalal Street route to riches as the late Rakesh Jhunjhunwala did by starting with just Rs 5,000 and a CA degree in his pocket.
While a small motley group of traders and investors have become crorepatis in the last few years, hardly any of them have been able to make it to that elusive billionaires club solely on the basis of their investments in the stock market. And now, as the markets are becoming more and more efficient worldwide with the free flow of information and the shifting of high-risk capital to the startup ecosystem, the business of investing is also evolving, and a part of it is shifting to the private market.
