5 Investment secrets from Indian Stock Market king Rakesh Jhunjhunwala
Rakesh Jhunjhunwala is one of India's most successful and well-liked stock market investors. With about 20,000 crores in assets, he is one of India's wealthiest men. So, for every investor, here are 5 crucial lessons from Rakesh Jhunjhunwala's life : Have a lot of patience- Rakesh Jhunjhunwala's patience with his stocks is one of his most impressive traits. Only two of his portfolio's stocks, for example, have yielded positive returns ; the rest are in the red, but he doesn't seem to mind. He claims that he buys the company, not the stock and that he doesn't sell a single share as long as the company's fundamentals are sound. For example, his investment in Titan fell 30% from its peak; if one of our portfolio stocks fell 30%, would we panic and make rash decisions? Of course, but Jhunjhunwala has steel nerves; he didn't sell a single share of Titan because he believed in the Titan business and that patients paid off handsomely. Titan is now Jhu...