An article on Rakesh Jhunjhunwala. “His investment strategy involved finding good companies with a scalable business model and good management.”
RJ TEMPERAMENT IS KEY in TRADING= 'bhaav bhagwaan hai'-PRICE IS GOD Dont fight Market FEW PPL WHO MANAGED + SEGREGATED TWO STYLEs AND MINDSETS- ONE FOR TRADING ONE FOR INVESTING =Trading-price action+momentum, Event based & =Investing-Situational+buy and hold long term-Build positions -"Dogmatism is a “must” for investing but a “poison” for trading." -RJ CAPITAL made by TRADING+LEVERAGE -ENTRY-EXIT PLAN Knew how to TAKE A LOSS 'my hand shakes when I trade' 'I buy in fear and sell in excitement' Trading highest ROE business,but not for everyone Leverage has no friends it is ruthless -In INVESTING HOLD N BUILD POSITION,NOT SELL Build Own Conviction Bet Own Money -Valuation will follow CashFlows 'Yeh Share mkt hai-Mehak nahi aa sakti Kagaz ke Phoolon se' Markets and Cooking can't be taught they need to be learnt RJ-Reasons to Sell -Earnings and PE rating has peaked -Or can Get a Better Investment Opportunity Borrowed capital at high intrest First bet in Value Commodity stock Trading to get capital for Mkt license Got mentors “You do not succeed without obsession.” "Anticipate trend and benefit from it. Traders should go against human nature." "Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible." "Prepare for losses. Losses are a part and parcel of a stock market investor’s life.” “Never run for companies that are in limelight.” “Emotional investment is a sure way to make losses in the stock market.” “When opportunities come, they can come through technology, marketing, brands, value protections, capital, etc. You need to be able to spot those." “Invest in companies which have strong management and competitive management." “Never invest at unreasonable valuations. Never run for companies which are in limelight.” “See the world as it is, rather than what you would like it to be.” “There are two ways to be fooled—one is to believe what isn't true; the other is to refuse to believe what is true.” "You know, a balance sheet is like a bikini, it shows more but it hides what is vital. I learned to read a balance sheet and then I got fascinated by stocks." “Live like there is no tomorrow but invest as if there were 5 years left” “Build a fighting spirit -- take the bad with the good.” His parting Tip- Tata Motors (80 to 800) @ India Today Conclave 2021 Flame Investment Lab Rakesh Jhunjhunwala Lectures youtube.com/playlist?list=…