What I learnt from Rakesh Jhunjhunwala

Hemal Shah September 30, 2008

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-- Market is always right. Markets cannot be taught, they have to be learnt.
According to him there are no kings or kingdoms in the stock market. Mr Market is the only prime force.

-- Be an optimist!
I feel his genuine optimism rubs across the businesses he backs and they achieve success faster. For example: Bilcare, a clinical supplies management services, has suddenly become a hot story out of nowhere.

-- Aspire, but never envy.
Jhunjhunwala believes in sharing his investment ideology and thought process in this highly secretive industry.

-- Begin whatever you dream. Boldness has genius, power and magic in it.
No wonder he has backed many a first generation entrepreneurs like C.J. George (Geojit Financial), Mohan Bhandari ( Bilcare), Pramod Chaudhari (Praj Industries) etc.

And some more...
-- Build a fighting spirit; take the bad with the good.
-- Balance Fear and Greed
-- Invest for the long term
-- Be paranoid of success; never take it for granted. Realise success can be temporary and transient

Recently, while addressing an audience in Hyderabad, he predicted that the bull market is intact and the current phase is just a significant time-wise and price-wise correction.

Let's hope he is right this time around too and we see the resurgence of the India bull market soon.

Read
: Make crores, right now

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e-mail: Hemal Shah

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who smashed tvs/computers in may 2006.

Posted by on 31 Oct, 2008 at 11:46 PM


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