Rakesh Jhunjhunwala is frequently dubbed India’s Warren Buffett Like Mr Buffett, Mr Jhunjhunwala is primarily a value investor and both are willing to share their investments and the rationale behind them with the public.
When Mr Jhunjhunwala invests, it is generally in unloved small and mid-cap stocks such as Geometric, Zen Technologies and Aptech in the software sector, consumer goods companies such as Agrotech Foods and Titan watches and service companies such as Tops Securities and a school management firm. None is really a household name.
Rakesh is a classic bottom-up stock-picker, who gets into companies with strong managements and/or compelling long-term stories and then holds them through market cycles Mr Jhunjhunwala says his fascination with balance sheets began young. “I had a childhood love for stocks,” he says. “My father used to invest a bit and I used to talk about it with him in the evening"
This enchantment with profit-and-loss figures continued into his studies as a chartered accountant at Mumbai’s main business school, Sydenham College. He always knew he wanted to be in the market, although it was a business frowned upon by his family.
He entered the market in 1984, aged 25, with a 5,000-rupee ($100) investment in the iron-ore exporter Sesa Goa. Just three years later, he had turned that into 10 million rupees. Beside Sesa Goa Mr RJ also made tremendous amt of wealth from Titan and Praj Ind. He was featured in Forbes billionaire list in 2008 as RJ's equity portfolio was worth more than $1 billion.
His passion for investment & achievement in stock market will always be an inspiration for many special for people like me. Hope to learn more about market from his investments. Some of the beautiful quotes of Mr Rakesh Jhunjhunwala which i am fan of are below.
Some of the Rakesh Jhunjhunwala Quotes are:
You are not a owner of the wealth. You are a just trustee.
Learning is a continuous process. Learn to accept losses with smile.
Maximize the profits and minimize the losses. Don't forget this basic rule
When Mr Jhunjhunwala invests, it is generally in unloved small and mid-cap stocks such as Geometric, Zen Technologies and Aptech in the software sector, consumer goods companies such as Agrotech Foods and Titan watches and service companies such as Tops Securities and a school management firm. None is really a household name.
Rakesh is a classic bottom-up stock-picker, who gets into companies with strong managements and/or compelling long-term stories and then holds them through market cycles Mr Jhunjhunwala says his fascination with balance sheets began young. “I had a childhood love for stocks,” he says. “My father used to invest a bit and I used to talk about it with him in the evening"
This enchantment with profit-and-loss figures continued into his studies as a chartered accountant at Mumbai’s main business school, Sydenham College. He always knew he wanted to be in the market, although it was a business frowned upon by his family.
He entered the market in 1984, aged 25, with a 5,000-rupee ($100) investment in the iron-ore exporter Sesa Goa. Just three years later, he had turned that into 10 million rupees. Beside Sesa Goa Mr RJ also made tremendous amt of wealth from Titan and Praj Ind. He was featured in Forbes billionaire list in 2008 as RJ's equity portfolio was worth more than $1 billion.
His passion for investment & achievement in stock market will always be an inspiration for many special for people like me. Hope to learn more about market from his investments. Some of the beautiful quotes of Mr Rakesh Jhunjhunwala which i am fan of are below.
Some of the Rakesh Jhunjhunwala Quotes are:
You are not a owner of the wealth. You are a just trustee.
Learning is a continuous process. Learn to accept losses with smile.
Maximize the profits and minimize the losses. Don't forget this basic rule
