Remembering Rakesh Jhunjhunwala: What new investors should learn from the Big Bull of Indias stock market | Exclusive
He (Jhunjhunwala) also used to say that there may be a lot on the table but you should eat what you can digest, Kela said.
Ace investor Rakesh Jhunjhunwala passed away on Sunday, August 14. He played a crucial role in taking the stock market to the masses and was an investor in many notable companies.
In an exclusive conversation with Zee Business Managing Editor Anil Singhvi, Madhu Kela of MK Ventures shared what should new investors learn from the life of Rakesh Jhunjhunwala.
He said that one of Jhunjhunwala's most important tips was to trust in India. He used to say that if you have trust in India then you will be able to stand in the stock market for a long time.
Kela added that his strong conviction about the stock market came from "believing in India". He also quoted Jhunjhunwala and said that his most famous line was "your patience may be tested but your conviction will be awarded."
Talking about the tips Jhunjhunwala had given, Kela said, "He (Jhunjhunwala) had told me to think 20 times before investing and think 50 times before selling."
This means that you should know what you are getting into and you should also know the cons of selling early.
He (Jhunjhunwala) also used to say that there may be a lot on the table but you should eat what you can digest, Kela said.
Rakesh Jhunjhunwala started investing with a capital of Rs 5000 in 1985. On Sunday, the day of his demise, the stock market bull had wealth of more than $5 billion.
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