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Remembering Rakesh Jhunjhunwala – Safal Niveshak

Rakesh Jhunjhunwala, one of the vital profitable Indian traders, handed away on 14th August.

I by no means acquired a chance to satisfy and work together with him, aside from a couple of moments greater than a decade in the past. “Respect the market and be ready for failure” is my faint reminiscence of the recommendation I heard from him and, in hindsight, it was an incredible recommendation that I’ve by no means didn’t follow.

Mr. Jhunjhunwala is thought for his ardour for the inventory market. However how passionate was he?

In my interplay with Mr. Ramesh Damani on The One P.c Present final yr, he shared an anecdote about Mr. Jhunjhunwala that tells all of it –

We had been collectively at bar, 3-4 of us, consuming. And as we had been leaving the bar, Rakesh slipped and fell. And, , somebody ran to get him some water, somebody ran to get a chair, somebody ran to make it possible for he had a material or no matter. I went to get some water for him. And by the point I got here again two minutes later, he was already sitting on a chair, calling his dealer speaking concerning the value of gold, Nifty futures, or no matter he was doing.

And that’s an instance of focus. You already know, I imply, the sort of focus… these nice individuals by no means took a trip, , 20 years, they most likely took a weekend trip, they by no means went, they’re continually concerned out there. And as considered one of my buddies advised me, that, it’s not ok to be 100%, it is advisable be greater than that. As a result of everybody’s 100%. All the nice individuals are 100% on the market, it is advisable be extra centered than even the very best focus man. So they create, extraordinary quantity of focus to the market.

Rakesh is somebody who has damaged the foundations. He’s, very loud, very opinionated, extraordinarily assured in his use of the market, and really bullish on India. 

Notice: You may learn the whole transcript of this interview and all my different interviews on The One P.c Present by turning into a Prime Member.

Anyhow, Flame College has launched a collection of movies remembering Mr. Jhunjhunwala, which you’ll watch right here, right here, and right here.

* * *

I exploit a couple of thumb guidelines in the case of how I handle my private funds. I made them into an illustration and hope you will discover them helpful to your personal goal.

If in case you have any questions round something you see on this illustration, please ship me an electronic mail and I’ll attempt to reply to the very best of my understanding.

* * *

Anand Sridharan of Nalanda Capital not too long ago printed a beautiful put up on the story of two generations – his dad and mom’ and his – and the way they (have) lived and fared given the circumstances they grew up in. Anand concludes his put up thus –

I’m an out-and-out optimist. I consider that world and India are getting higher by the day. Usually, somebody factors out one thing patently dangerous (not realizing that dangerous and higher can coexist) and questions my optimism. Whereas I don’t defend my views to others, all I have to do to persuade myself is to run an 80s flashback by my thoughts. All that’s dangerous as we speak fades into insignificance and I can’t consider it’s the identical nation.

What of Technology-Subsequent? I don’t have a forecast. I don’t know in the event that they’ll have a ‘miss’ or ‘beat’ versus their very own elevated expectations. However right here’s my wager. They’ll have a method higher life and nation than both Technology-Miss or Technology-Beat. However they’ll crib extra, although.

Belonging to Anand’s technology, and dwelling by a life nearly much like his, I agree together with his ideas.

* * *

Ben Carlson not too long ago wrote about his 4 widespread sense guidelines of investing, which included –

  1. Shares normally go up.
  2. Generally shares go down.
  3. The world by no means really involves an finish and if it ever does it gained’t matter what your portfolio seems like.
  4. You must put money into one thing.

If I’ll add six widespread sense investing guidelines of my very own, they’d be –

  1. You need to know your self earlier than investing your cash – that can prevent a number of losses and heartburn.
  2. Don’t concentrate on return (it’s not in your management in any case), however return per unit of stress you are taking.
  3. Keep affordable and achievable expectations.
  4. Put money into what – and lots lower than you assume, and that’s wonderful.
  5. Make investments with a margin of security – what might go incorrect, would go incorrect.
  6. Give luck due credit score – and it’s largely about luck.

* * *

Earlier than I finish, listed here are a couple of quotes I’m reflecting on –

The battles that rely aren’t those for gold medals. The struggles inside your self – the invisible battles inside all of us – that’s the place it’s at. ~ Jesse Owens

We who lived in focus camps can bear in mind the lads who walked by the huts comforting others, freely giving their final piece of bread. They could have been few in quantity, however they provide ample proof that every little thing could be taken from a person however one factor: the final of human freedoms – to decide on one’s perspective in any given set of circumstances, to decide on one’s method. ~ Viktor Frankl

The whole lot we hear is an opinion, not a reality. The whole lot we see is a perspective, not the reality. ~ Marcus Aurelius

Keep secure.

– Vishal


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