What do Buffett and Jhunjhunwala have in common?

"Marching Behind" is a very common phenomenon in global markets, especially when the person leading the lot is a generally accepted expert in investing or has been tagged as a "Guru" for investments. The two best examples of such market drivers are Warren Bufett in the US and Rakesh Jhunjhunwala in India.

I am not at all trying to question the fact that these two are experts in their own environment. I very well acknowledge that they think unlike common investors and that's what sets them apart. Both of them have a lot of things in common. Amongst these are their knack of picking up value buys and having a contrarian approach to investing. Both value stocks based on operational cash flows and do not take net profits into account superficially.

Best of all, they both invest with an assumption that the stock markets might close tomorrow and not open for ten years. Rakesh Jhunjhunwala for instance, floats no more than 5% of his net worth for active trading at any given point of time.

There is so much these two have been teaching the world and so much more to come in days ahead...