Rakesh Jhunjhunwala’s 5 investment strategies
Rakesh Jhunjhunwala was a Big Bull in India. He is also known as Warren Buffett of India.
Here we take a look at the five investment strategies of Rakesh Jhunjhunwala which made him super rich
1. Buy right, sit tight
Jhunjhunwala always believed in ‘buying right and sitting tight’. That is, do your own research, buy the right stock and then keep sitting on it till an opportune time.
2. Never get emotional about your stock ideas
Invest in the stock market (usually for the long term), but if you want to get rich, then never get emotional about your stock ideas and exit on time, if needed.
3. Patience is the key to success
According to Groww, Jhunjhunwala didn’t become a money magnet in a day. It took years of research, diligence, and having his skin in the game to reach where he was.
4. Buy when others are selling and sell when others are buying
Jhunjhunwala always believed in going against the tide. He used to say – “Buy when others are selling and sell when others are buying.”
5. Never invest at unreasonable valuations
‘Never invest at unreasonable valuations. Never run for companies which are in limelight’ – this is what Jhunjhunwala used to say.
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