From time to time, Jhunjhunwala used to spell out the investors to make money from the stock market.
Growth is a process, don’t try to sideline it.
Jhunjhunwala left a legacy of his investment policies.
New Delhi. Rakesh Jhunjhunwala, known as India’s Warren Buffett, has joined the panchayat. Jhunjhunwala, known as the ‘Big Bull’ of the stock market, died of a heart attack on August 14. Jhunjhunwala, a CA and son of an income tax officer, entered the stock market with Rs 5,000 in 1985, when the Sensex was at just 150 points.
According to Forbes statistics, he left this world with a fortune of $ 5.8 billion for his family. Even after his death, he left a legacy of his investment policies that would inspire stock market investors to raise funds from the stock market.
The Big World of Corporate Governance
In an interview with the Times Network India Economic Conclave 2021, Rakesh Jhunjhunwala was asked about his advice for long-term wealth creation. Explaining the key principles, he said the first thing is that you should be in an industry that is growing with big opportunities, the second is corporate governance. He said, there is a vast world of corporate governance. This includes not taking undue risks to society, to customers, to employees, to stakeholders.
Also Read- If You Want To Make Money From Stock Market, Don’t Forget Rakesh Jhunjhunwala’s Investment Mantras!
Jhunjhunwala said the third principle is technology and the ability to change. Fourth, there must be frugality. By way of example, he said that I consider Indigo and Demart as extreme companies that use austerity.
Growth is a process
He also said, “Those who are patient company, you know that if the race is not over tomorrow, I always think the turtle will win in the end. So growth is a process, don’t try to sideline it. These are the basic principles for long term returns.
Tag: Rakesh Jhunjhunwala, stock market
First Published: August 19, 2022, 14:49 IST