Bulk of wealth is created in co's growth advantage period: Raamdeo Agrawal

TCS, Infosys, HDFC Bank, Marico, etc were not built in a day but over many years

On the eve of the launch of its 22nd Annual Wealth Creation study, Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services talks to Vishal Chhabria on the learnings from the latest initiative. He also shared his views on the market outlook and why investors shouldn’t worry over the outcome of Gujarat state elections. Edited excerpts:

What are the key learnings from the annual wealth creation study?
 

At the start of this study, we looked at CAP (Competitive Advantage Period) and GAP (earnings’ Growth Advantage Period) of a company, to gauge the power of longevity in wealth creation.