5 learnings from Rakesh Jhunjhunwala's life on his birthday
Rakesh Jhunjhunwala, often referred to as the "Big Bull" of Indian stock markets, who passed away 2 years ago, would have turned 64 years today.
If Jhunjhunwala can be remembered for one thing, it would be his often mentioned quote: “Bhav bhagwan hai” (price is god).
Growing up in a Marwari family, he developed a passion for stock markets at a young age. None of the usual stuff that appealed to adolescents drew him as much as equities did.
Known for his sharp market insights and larger-than-life personality, Jhunjhunwala's investment philosophies will continue to inspire generations. Here, we explore some of his most impactful mantras:
Invest for the Long Term
Jhunjhunwala believed in the power of long-term investing. He famously said, «The stock market is a device for transferring money from the impatient to the patient.» His success was a testament to this belief, as he held on to his investments through market fluctuations, reaping significant rewards over time.
A practical market approach
Rakesh Jhunjhunwala's investment philosophy was encapsulated in his advice: «Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible.» This quote reflects his pragmatic approach to investing. He believed in respecting market dynamics and remaining adaptable to new information.
Patience and Discipline
Patience and discipline were at the core of Jhunjhunwala's investment strategy. He urged investors to stay calm and avoid knee-jerk reactions to market movements. «Emotional
