Rakesh Jhunjhunwala Talks:...........

Rakesh Jhunjhunwala Talks:

A) 'Enter the market when no one else does'
February 15, 2008
Jhunjhunwala takes the cue from Warren Buffett when he says: "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well."
Don't follow stock picks by big investors
Remember: the market is always right
You can never be taught about market, you have to learn it
You must balance fear and greed
Jhunjhunwala says he is 'well invested' in key growth areas like banking, retailing and infrastructure, all of which are based on India's domestic performance.
His private equity interests offer more detail -- education (private schools in Mumbai), hospitals and health care, a security company, pharmaceuticals, and dredging.

B)
'Markets are like women -- always volatile'
February 15, 2008
"Markets are like women -- always commanding, mysterious, unpredictable and volatile," 'Big Bull' Rakesh Jhunjhunwala had told a gathering in Mumbai a few months back.
For Jhunjhunwala, trading by the hunches is the best thing to do. "If in doubt, listen to your heart," is what he tells young investors. Given below are some investment gems from him:
Be optimistic
Be opportunistic
Study the market thoroughly
Maximise profits and minimise losses
Invest in a business not a company
Have an independent opinion, always
Be happy with your gains but take losses in your stride
Be prepared for risks
Despite sharp corrections, early this year Jhunjhunwala predicted that the Indian markets will reach its peak by 2010
C)
'Markets plunging? Don't sell in panic'
February 15, 2008
Jhunjhunwala states that there is nothing to fear despite a sharp plunge in the Sensex this year. He assures investors thus:
Nothing has changed as the Indian market is 'deep-rooted'
Corrections, however sharp, are indispensable
Panic selling during a sharp fall is the worst thing to do
Stay invested and calm when the markets nosedive
The country is poised to soon achieve a double-digit economic growth along with an impressive corporate profit growth
This is bound to drive the bourses
It does not take rocket science to understand that India's economic growth will be in double digits
D)
Tips for beginners
February 15, 2008
And for beginners in the stock market, this is what he has to say:
Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it
Do something you love
The means are as important as the end
Aspire, but never envy
Be paranoid of success -- never take it for granted. Realise success can be temporary and transient
Build a fighting spirit -- take the bad with the good
When you see a horizon, it seems so distant. When you reach that horizon, you will realize how many more horizons are within reach
Jhunjhunwala said enormous wealth was created over the last five years because opportunities in India have grown manifold.
Admitting that gains were going to be moderate in future unlike the manifold rise over the last few years, he advised investors to be realistic in their expectations.


My Comments:
Well, I am no match to Rakesh Jhunjhunwala nor with Warren Buffet......and hence anything what I write here should be taken as what I have learned from reading such quotes of RJ and WB....

A)'Enter the market when no one else does':

We have discussed many times that ours entry should be before anyone gets in.....I gave a call of JCT Ltd,Khandwala Sec,Artson Eng,SKS Logistic etc etc......on same thoery that buy when no one is buying........if everyone knows then it is over.........

B)'Markets are like women -- always volatile'

This aspects also we have discussed in detail frequently........I have not to elaborate it.

c)'Markets plunging? Don't sell in panic'

Same for this line as well...........