Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, says Warren Buffett’s disciplined approach to concentrated portfolios fundamentally reshaped his own investment strategy and taught him the true meaning of compounding.

Speaking to CNBC-TV18’s Prashant Nair at the Motilal Oswal’s 30th Wealth Creation Study event, Agrawal said his shift from a sprawling 225-stock portfolio to a tightly managed 15–20-stock basket in the mid-1990s was the turning point in his investing life.

Agrawal recalled that in his early years, he bought stocks aggressively, accumulating shares in hundreds of companies largely because of the way trading worked at the time. “Till 1994, because of bad deliveries… we ended up with a portfolio of about 225 companies,” he said. But all of that changed once he di

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