stock market
What makes Rakesh Jhunjhunwala special
The quality that makes Rakesh Jhunjhunwala the ace investor is the uncanny ability to not just understand the company and the business but also to understand the sentiment inside the stock price. The Sentiment is a reflection of the kind of buyers and sellers who are there in that stock. It is a reflection of whether that price is perceived to be the right price or the wrong price.
So basically Rakesh Jhunjhuwala was a really good judge of people also and the way they reacted under different situations helped him in assessing the market in a better manner and subsequently assisted him in choosing the right stocks.
His stock market journey is full of valuable lessons which can act as a guiding light for budding investors. Here are some of the philosophies from his top bets which we can also follow as stock market investors and traders.
1). If the girl is pretty the suitor will come
Rakesh Jhunjhunwala always believed in choosing the right company and he said that if the company is strong enough then its stock price will eventually rise. He always advises that as an investor you should not run behind companies that are popular and buy only those stocks because they are a hot commodity in the market currently. Instead, he believed that investors should go for fundamentally strong stocks which are not popular, and if the stock is good enough it will eventually garner good profits.
He was a strong believer in the fact that instead of picking popular stocks at higher price value you should pick those stocks with reasonable valuations and efficient management and if the stock is good enough it will give you good profits.
1). If the girl is pretty the suitor will come
2). It’s not what you buy but the price at which you buy
3). Market is the king
4). Patience is the key
5). Don’t be afraid to go against the tide
You need to read more in Detail: Top 5 lessons Learn from Rakesh Jhunjhunwala
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