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India Warren Buffett : Rakesh Jhunjhunwala stock tips

Posted By On 7/26/2008 11:33:00 PM Under
1. Rakesh Jhunjhunwala is right;ly called as a India Warren Buffett as the pearls of wisdom from him are wotrth recording and same is listed for all to gain from it. Rather he was known as "Young tiger" during Harshad Mehta days.

2. Rakesh Jhunjhunwala pearls of widom is appended as below:

(a) One has to be patient to get the right entry in a stock. Have an idea of company business and fundamentals to make money.

(b) Be optimistic in life as ups and downs in stock market are part and parcel of trading and Indian stock market will attain its peak in year 2010.

(c) Before purchasing a stock study its price history to avoid making mistake.

(d) market is always correct in long term period. Avoid speculation.

(e) Good opportunities be executed without waiting.

(f) Try to buy a stock at correct price and for that a keen eye is required.

(g) Let the profits run and cut losses is basic mantra to make money.

(h) Identify a quality business and invest in it rather than running after companies.

(i) Keep greed under control and do keep booking profit.

(j) Rakesh Jhunjhunwala says that investment is his passion and is not a profession and it sums up the reason for success.

(k) Take independent decisions.

(l) Be open to learning and take losses with a smile.

(m) Be ready to have losses as in a war a number of battles are lost before one makes money in stock market.

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