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In Memoriam: Rakesh Jhunjhunwala; pearls of wisdom from the legend
Here are some pearls of wisdom from the legend.
Vinnii Motiwala
Updated Aug 14, 2022, 13:50 IST
Ace investor Rakesh Jhunjhunwala (File Photo)
Photo : ET Now Bureau
New Delhi: The ace investor Rakesh Jhunjhunwala died at the age of 62 today. He was known as big bull, an investor with a Midas touch, India’s Warren Buffet. A mentor and inspiration to many Indians leaves for his heavenly journey. Here are some pearls of wisdom from the legend.
ON MARKETS
* The market is the only king
* You can never predict how markets react
* As equity investors, we must not feel disturbed if there is consolidation for a quarter or two”
* It’s important what you buy, it’s more important at what price you buy
* Market knowledge cannot be taught; it has to be learnt & the best way to learn is by being curious
* 'Biggest money in the stock market is lost when greed over weighs'
* Momentary volatility is not risk. I have never bothered about the increase or decrease in the value of my stock.
* Market is like women and you cannot dominate one
ON QUICK DECISION MAKING
* Mind unconsciously is always working
* If valuation is good & opportunity is right why to wait
ON LEARNINGS OF INVESTMENT
* Rules of investment don't change over time
* The pace of learning has improved over the years
* Learning from investment has been high in 30 years
OPTIMISM IS VERY IMPORTANT FOR INVESTORS
* 'Optimism is important for being an investor'
* 'Successful people always tend to optimistic'
* 'Successful people look at the brighter side of things'
ON LIFE
* The 3 sources of happiness are patience, contentment & tolerance”
* “You have to dream with your head held high, but with your feet on the ground”
* “Life is not about regrets, Life is about learnings, I would like to learn from every mistake I have made”
* “When you see an opportunity don't do it today, do it yesterday. Just bag the opportunity”
* “I am not afraid to make a mistake. I only want to make one which I can afford, so I can live to make another one”
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