The Wizards of the Street | Never be an engine, always be a bogie, says Amal Parikh

With grit, imagination and full of daring, Amal Parikh, Promoter and Director, Ohm Stock Broker, overcame his truth and transformed himself from a programmer to a player in the capital markets all within 20 years. While explaining his biggest learning of the stock market of being a follower rather than a leader, he said, “We call it as ‘never be an engine, always be a bogie’.”

Parikh revealed that late stock maverick Rakesh Jhunjhunwala whom he was servicing as a broker was a father figure, mentor and guide to him and had inspired him in all the aspects of his life not just stock market.

How to invest, how to buy and hold, how to think for a long-term rather than a short-term are few of the lessons Parikh learnt from Jhunjhunwala, he said.