Rakesh Jhunjhunwala is an Indian billionaire, investor, trader, and chartered accountant.
He manages his own portfolio as a partner in his asset management firm, Rare Enterprises.
He is known as stock guru & Warren Buffet of India.
Here are his interesting quotes / thoughts…. collated from the Twitter thread of @AnyBodyCanFly
~ Have learnt two things about the press and wives. When they say something – don’t react.
~ Markets are like women —— always commanding, mysterious, unpredictable and volatile.
~ Anticipate trend and benefit from it. Traders should go against human nature.
~ Successful investors are Opportunistic and Optimistic ones.
~ Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible.
~ Growth comes out of chaos. Chaos leads to growth opportunities.
~ Maximize profits and minimize losses.
~ Market is above individuals. An individual can never be smarter than the market.
~ Invest in a BUSINESS not a company.
~ Emotional investment is a sure way to make loss in stock markets.
~ When in doubt, listen to your heart.
~ Boldness has genius, power & magic in it.
~ Aspire but NEVER envy.
~ Never take success for granted. Do realize that success can be temporary and transient. Cyclical.
~ Build a fighting spirit — learn to take the bad with the good.
~ Have some cash always in hand so that you can grab the opportunity when it occurs. Such opportunities come out of nowhere.
~ Blindly following stock picks by big investors is not a wise thing to do. Cloning can be dangerous.
~ Give your investments time to mature.
~ Be Patient for the World to discover your gems.
~ Make an investment when the stock is not popular.
~ Trading always keeps you on your feet, it keeps you alert.
~ See the world as it is, rather than what you would like it to be.
~ If a girl is beautiful a suitor will come. If a stock is beautiful, a suitor will come.
So I don’t search for suitors when I buy the stock.
~ Either don’t come to markets or don’t regret what you have done.
~ I only make mistakes, which I can afford, and where I can lift to begin again.
~ With time, everything changes and passes. Find the excesses.
~ Always know what to stake and when to take a loss.
~ Do not invest in those cheap stock which will give huge returns when your children are grown up. Think about a reasonable time also.”
~ You have to lose many a battle to win the war.
~ As a rule in trading never ever average.
~ Greedy investors will never make money in stock markets. Book profits after reaching your target price.
~ Passionate investors always make money in stock markets. You will never fail in any work if you do it with passion.
~ Learn from mistakes. Learn to take a loss.
~ Growth & Value investing is relevant in all circumstances. But thought processes and principles are dynamic and not static. Be open to change.
These quotes are real time experiences of one of the greatest Indian investor of all time.
Read them again n again ……