Rakesh Jhunjhunwala, also known as the King of Dalal Street or the Indian Warren Buffet, or ‘Phoenix of the Stock Market,.’ He began with a Rs 5,000 investment and amassed a fortune of $3.1 billion. For the untrained, generating money in the stock market is not as simple as it appears, but Rakesh Jhunjhunwala worked hard and made it possible. His journey from poverty to riches is inspiring and motivational. So today, we have come up with some of the best Rakesh Jhunjhunwala Quotes.
About Rakesh Jhunjhunwala
Who is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala is an Indian Stock Market trader and investor. In the stock market, timing is everything. Mr. Rakesh Jhunjhunwala is someone who has mastered the art of choosing the correct stock at the right moment. In 1986, he made his first major profit of Rs 0.5 million from Tata Tea, which he acquired at Rs 43 and sold for Rs 143, demonstrating his impeccable timing.
Life of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala was born on July 5, 1960, in Mumbai. His father was an avid stock market investor, and this had an impact on him. The first time he learned about the share market was when he questioned his dad about the causes of stock price changes. According to his father, price volatility is impacted by the movement of news. Initially, he wanted to become a chartered accountant, but destiny had other plans. Presently he maintains his own investment portfolio and is a consultant in the wealth management business Unusual Enterprise.
Growth of Rakesh Jhunjhunwala
From the beginning, when he strove to increase the amount of money he could invest in the stock market, his tale is full of difficulty. But he was able to lend money and turn a profit of $1 million, which he put into Tata. This was the turning point in his life. Similarly, he began investing in stocks. Consequently, he was getting richer with every move he made.
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Now, let’s see some of the best Rakesh Jhunjhunwala Quotes.
Rakesh Jhunjhunwala Quotes
- “The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.” ― Rakesh Jhunjhunwala
- “I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.” ― Rakesh Jhunjhunwala
- “I made many mistakes, but my triumphs have received far greater publicity than my failures.” ― Rakesh Jhunjhunwala
- “You know, a balance sheet is like a bikini; it shows more but hides what is vital. I learned to read a balance sheet and became fascinated by stocks.” ― Rakesh Jhunjhunwala
- “Impossible is the word for fools in my dictionary.” ― Rakesh Jhunjhunwala
- “What is too popular may not be profitable. Don’t invest in B2C companies; instead, invest in B2B companies.” ― Rakesh Jhunjhunwala
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- “Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible.” ― Rakesh Jhunjhunwala
- “Hastily taken decisions always result in heavy losses. Take your time before putting money in any stock.” ― Rakesh Jhunjhunwala
- “Never invest at unreasonable valuations. Never run for companies that are in the limelight.” ― Rakesh Jhunjhunwala
- “See the world as it is, rather than what you would like it to be.” ― Rakesh Jhunjhunwala
- “The prettiest part of the stock is that it has to be cheap – the entry point.” ― Rakesh Jhunjhunwala
- “Stock markets are always right. Never time the market.” ― Rakesh Jhunjhunwala
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Motivational Rakesh Jhunjhunwala Quotes
- “Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.” ― Rakesh Jhunjhunwala
- “You do not succeed without obsession.” ― Rakesh Jhunjhunwala
- “Growth comes from chaos, not order.” ― Rakesh Jhunjhunwala
- “Build a fighting spirit — take the bad with the good.” ― Rakesh Jhunjhunwala
- “I am opinionated and sometimes irritating, but I have learned that the quest to learn is a journey, not a destination.” ― Rakesh Jhunjhunwala
- “When opportunities come, they can come through technology, marketing, brands, value protections, capital, etc. You need to be able to spot those.” ― Rakesh Jhunjhunwala
- “Whatever you can do or dream, you can begin it. Boldness has genius, power, and magic in it.” ― Rakesh Jhunjhunwala
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Rakesh Jhunjhunwala Quotes on Trading
- “I have two interests in life – markets and women. Both are concerned with four-letter words – markets with risk and women with love.” ― Rakesh Jhunjhunwala
- “The markets are like the weather; you may not like it, but you have to bear it.” ― Rakesh Jhunjhunwala
- “I am extremely bullish for a longer period.” ― Rakesh Jhunjhunwala
- “Markets go up not because buyers are abundant but because there is a lack of sellers.” ― Rakesh Jhunjhunwala
- “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 keep them within limits you can afford.” ― Rakesh Jhunjhunwala
- “Markets are like women – always commanding, mysterious, unpredictable, and volatile.” ― Rakesh Jhunjhunwala
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- “Markets tend to shake you up before a bull run.” ― Rakesh Jhunjhunwala
- “When there’s doom and gloom, don’t forget there’s darkness before dawn.” ― Rakesh Jhunjhunwala
- “Learn from mistakes. Learn to take a loss.” ― Rakesh Jhunjhunwala
- “Prepare for losses. Losses are part and parcel of stock market investor life.” ― Rakesh Jhunjhunwala
- “Always go against the tide. Buy when others are selling and sell when others are buying.” ― Rakesh Jhunjhunwala
- “I am an optimist by nature, and I reserve the right to be wrong.” ― Rakesh Jhunjhunwala
Conclusion
Rakesh Jhunjhunwala manages a portfolio of 27 equities worth around Rs. 20,700 crores. His market knowledge is unrivaled, as evidenced by his track record of successful investments. For other investors, his teachings on trading and long-term holding are priceless. Investment is not simple, and it needs complete focus. The most common mistake is expecting good results without doing any research. However, the pudding’s evidence is in the eating. Thus, be inspired by expert investor Rakesh Jhunjhunwala and good luck with your investments!
