As Investment Guru Rakesh Jhunjhunwala filter diamonds from dust and identify potential multi-baggers to stay at the top of the game, learn about where his moolah is invested and what he is buying or selling.
Markets are prone to excesses. Your opportunity lies in recognizing these.
Leverage is a bad habit. In measured manner, it gives pleasure. If overdone, it causes trouble
Sell only if there are better opportunities to grow you wealth
To be a good trader, know the broad direction of market
The biggest cost of a mistake is not learning from one
Follow your own thought process and make your own decisions
Risk is the essence of life. If you don’t take risk, you are nothing
The people who will manage Rakesh Jhunjhunwala’s estate
Billionaire investor, a market legend and promoter of Avenue Supermarts, Radhakishan Damani is widely admired as an astute entrepreneur. Damani's association with Rakesh Jhunjhunwala dates back to the late eighties. Late Jhunjhunwala used to consider the reclusive Damani as a guide and philosopher.
Managing Director of Dharamshi Securities, Kalpraj Dharamshi gave up a career in chartered accountancy for one in the heat and dust of stock market, and he has aced it since. He started as a broker, and then went on to become a trader and an investor. When the markets were shaken after the 2001 shock, when the Twin Towers fell, he had the courage to take a considerable leverage and buy cheap stocks that turned out to be multibaggers.
The promoter and director of Ohm Stock Broker Pvt Ltd, Amal Parikh has spent three decades in the stock market and knows the ins-and-outs of the market like the back of his hand. He has set up a highly successful first-generation broking business. Parikh funds various philanthropic causes, particularly those targeted at making good-quality education available.
Rare enterprises’ CEO and senior partner Utpal Sheth’s association with the Big Bull goes back to the early nineties, and Rakesh Jhunjhunwala has been known to have said that Sheth and he add as 1 and 1 to make 11. The low-key Sheth has been credited with helping Jhunjhunwala spot the multibagger bets such as Titan.
Rakesh Jhunjhunwala’s partner at Rare Enterprises, Amit Goela is a veteran of the markets. Goela, in a rare interaction with the media, compared himself to those who prep the ace cricketer Sachin Tendulkar for a match. For Jhunjhunwala, Goela provided the market intelligence necessary before making a deal.