Rakesh Jhunjhunwala Investing Lessons, Stocks List, Quotes on Trading, Biography.

 

Biography of legendary investor Rakesh Jhunjhunwala...RIP Sir!

• Rakesh Jhunjhunwala is the 48th richest person in India with a net worth of $4.6 billon (Rs. 34,387 crores) as of 2021.
• Rakesh Jhunjhunwala father was an Income Tax Officer, and it was due to him that he developed an interest in the Stock Market.
• Rakesh Jhunjhunwala, big bull of Dalal Street, was also a certified Chartered Accountant and completed his education in the year 1985.
• Rakesh Jhunjhunwala began his investing journey in the year 1985 with a capital of Rs. 5,000 at a time when the sensex was around 150 points.
• Rakesh Jhunjhunwala made 3x profit by investing in the stock Tata Tea when he bought 5,000 shares of the company at Rs. 43 and sold them for Rs. 143.
• Rakesh Jhunjhunwala bought Titan Limited shares with an investment of Rs. 8 Crores in the year 2002-2003 proved the most profitable one for him.
• Rakesh Jhunjhunwala was once a bear in the Harshad Mehta days and made a lot of money by shorting stocks after the Harshad Mehta scam.
• He often spoke of his interest in public sector units (PSUs) and banks (PSBs). Rakesh Jhunjhunwala portfolio comprised 32 stocks with a shareholding of over 1 per cent according to data from Trendlyne.  
• Rakesh Jhunjhunwala wife name is Rekha Jhunjhunwala, owns 14.4 percent stake in Metro Brands.
• Rakesh Jhunjhunwala started purchasing Crisil shares between 2003-05, till he owned 8% of the company. 
• Rakesh Jhunjhunwala passed away on August 14, 2022.
• Rakesh Jhunjhunwala bought 10% stake in Nazara Technologies in the year 2017, when it was a private company as he saw a massive potential in.

 
Rakesh Jhunjhunwala Quotes:

1. But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
2. I have two interests in life - markets and women. Both are concerned with four letter words - markets with the risk and woman with love.
3. I am not afraid of making mistakes. But my mistakes were those that I could afford. That's very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
4. The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
5. You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.
6. Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
7. What is too popular may not be profitable. Don't invest in B2C companies, instead invest in B2B companies.
8. You cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
9. I think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
10. There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
11. If I have a fever, I take a Crocin but my wife calls a doctor, my mother calls a doctor. Similarly, investing is not something which a doctor or a lawyer or Internet specialist can really understand. Take professional advice, plan.
12. Alternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
13. Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
14. There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world power. We have the lowest cost, good technology, Indian companies are gaining size. 

15. What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
16. My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
17. I don't want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don't think a person who is giving Rs 10, is giving less than me.
18. If the NDA doesn't get a majority, that will not upset the market so much... but a situation where the BJP and NDA are not able to form the government that will be very troublesome for the market. But I think that is not likely.
19. I don't understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
20. Draw a balance between the present and the future and one advice I give to every young Indian - the most difficult thing in India, urban India, is housing. So first thing that you do is try and buy house as that gives a great sense of security.
21. My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
22. I love to read and watch movies.
23. The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
24. The markets are like a weather; you may not like it but you have to bear it.
25. In my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.
26. You can't make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
27. I told my father I wanted to go to the stock market. My father reacted by telling me not to ask him or any of his friends for money. He, however, told me that I could live in the house in Mumbai and that if I did not do well in the market I could always earn my livelihood as chartered accountant. This sense of security really drove me in life.
28. Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we'll get from that is unbelievable.
29. Learning English in Tier-2 and Tier-3 towns places the person ahead of the curve. I'm sorry to say but that's the reality.
30. Bull markets are Test matches and not 50-over games.
31. There can be no greater well-wisher for me in life than my mother.
32. In India, one has to have faith in equity. What are the alternatives - real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
33. You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
34. In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
35. The journey to limit crony capitalism: It's a journey, it's not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
36. Be an optimist. That's the first quality necessary to succeed as an investor.
37. Right or wrong doesn't matter. What matters is how much money you made when when you were right and how much money you lose when you are wrong.
38. Don't borrow to invest. Markets may remain irrational more than the rational being can remain solvent....
39. Conviction and Patience. In stock markets, you patience is tested, and conviction is rewarded. 
40. Respect the market. Have an open mind. Know what to stake. Know ehn to take a loss. Be Responsible. 
41. Trading is for creating a CAPITAL and INVESTMENT is for growing that capital.

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