Indian billionaire investor, trader, and businessman Rakesh Jhunjhunwala. As a partner in his asset management company, Rare Enterprises, he oversaw his own portfolio. Jhunjhunwala was raised in Bombay, where his father was an income tax commissioner, in a Rajasthani family.
Here are some top quotes by Rakesh Jhunjhunwala
“Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible.”
“If you believe in the growth prospects of a company, invest in the stock and give it sufficient time.”
“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.”
“Never invest at unreasonable valuations. Never run for companies which are in limelight.”
“Markets are like women – always commanding, mysterious, unpredictable and volatile.”
“Hastily taken decisions always result in heavy losses. Take your own time before putting money in any stock.”
“Never react and change your investment decisions according to daily business news, Panic selling is a bad habit.”
“Anticipate trend and benefit from it. Traders should go against human nature.”
“Invest in companies which have strong management and competitive advantage.”
