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Popular Quotes By The Man With The Midas Touch- Rakesh Jhunjhunwala

  • August 16, 2022
  • Zainab Kantawala
  • Posted in Misc

14th August 2022 saw the sudden and sad departure of India’s own Warren Buffet- veteran stock market investor Rakesh Jhunjhunwala. His story from a middle-class Rajasthani family to becoming one of the richest people in India is nothing short of interesting. He encouraged and inspired many investors, especially the youth, who now consider investing to be a profitable source of earning.

While tributes are flowing in from the length and breadth of the country and beyond, lets take a look at some poignant bits of advice and some popular quotes by the man who rocked the title of ‘The Big Bull’ in the country.

Popular quotes by Rakesh Jhunjhunwala

1. “Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible.”

2. “Hastily taken decisions always result in heavy losses. Take your own time before putting money in any stock.”

3. “Anticipate trend and benefit from it. Traders should go against human nature.”

4. “Never invest at unreasonable valuations. Never run for companies which are in limelight.”

5. “Trading always keeps you on your feet, it keeps you alert. That’s one of the reasons why I like to trade.”

6. “Emotional investment is a sure way to make loss in stock markets.”

7. “You cannot make profits in the stock market unless you have the ability to bear losses.”

8. “Buy when others sell and sell when others buy – the stock market mantra.”

9. “Invest in companies which have strong management and competitive management.”

10. “When opportunities come, they can come through technology, marketing, brands, value protections, capital, etc. You need to be able to spot those.”

The investor with a Midas touch struck gold when he invested in Titan stocks, and since then the company’s stocks remained in his portfolio of being the most valuable listed holding.

At the end of the June quarter, Rakesh owned stakes in 47 companies like CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit
Financial Services, Rallis India, Jubilant Life Sciences, etc.

His journey from a meagre INR 5000/- to a whopping INR 11,000 crore made Rakesh Jhunjhunwala a prolific investor who knew his trade better than most. His predictions in the stock market, bullish outlook and investing skills made him the legend that he was.

He was the 36th richest man in India at the time of his death with a net worth of $5.8 billion.

He is survived by his wife Rekha and his three children.

Sources:

https://www.business-standard.com/about/who-is-rakesh-jhunjhunwala
https://news.abplive.com/business/rakesh-jhunjhunwala-top-quotes-from-big-bull-of-india-india-s-warren-buffet-to-inspire-investors-1548025

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