Rakesh Jhunjhunwala is an Indian billionaire to whom traders look up to for their investment options. A Chartered Accountant by profession, Jhunjhunwala runs his own asset management company.
Widely known for his trading style, Jhunjhunwala’s insights are followed by people across the Indian subcontinent.
Here we have listed some of the insights that the man has shared below.
Invest in business, not in the company
Most investors buy stocks of a company on merely their face value without diving in the intricacies of the company. This is fatal, they must study the whole nature of the business before coming to any conclusions.
As much as 98% of the money made in stocks is by being a bull.
Grab the opportunity when you see one
When you see an opportunity do something about it then and there. Opportunities expire with time and you may end up regretting later.
Don’t argue with the stock market and your wife
Don’t invest emotionally you will lose money
Don’t invest in a company just because you have earned well in the past or because it is someone’s favourite company. Being a rational person and keeping your emotions away will help you a long way. Love the businesses which have the potential to grow.