Just happen to see the thread, you have named the thread very appropriately. Indeed he was one of the greatest this country has produced. But to understand the legend perhaps we need to travel back a bit.
- Chandrakant Sampat was definitely far ahead of his time. He was buying when prices were controlled by CCI (Capital Controller of India) , pre-SEBI era. He focused on cash rich company, easy to understand business model. With FERA lot of these companies suddenly started getting fair valuation. He made tonnes of money from these so called FERA stock which included P&G, Lever etc.
- We again saw Mr Sampat (I saw one article with Flame I guess) was buying stocks when blasts were taking place all across Mumbai.
- There is late era where he was disinterested in stocks and moved to cash mostly.
His four significant thing was : 1. Least capital expenditure 2. ROCE>25%. 3. No borrowings/no future cost 4. High dividend yield.
This interview is worth watching, a rare occasion when doyen appeared on TV.
But this doesn’t define Mr Sampat, he hand hold hundreds of investors if not thousand. He was regularly talking to budding people from do’s and don’ts. Then of course regular speeches in Hindu Gym Khana Club. Lots of Sampat fans can go on whole night about him.
Money maker and deal maker will come and go. We wont see that frugality, philanthropy or teachings. Indeed he was the true light from Haji Ali, all his life he lived there as well.