Rakesh Jhunjhunwala: Investment advice

Rakesh Jhunjhunwala, "Indian Warren Buffett" gave some valuable advice on investing in Indian stocks. He was nicknamed as "young tiger" during the days of Harshad Mehta. Like Buffett, he started investing in stocks from his youth.

Investment advice in the stock market:

• You have to wait for the moment just before investing in stocks. Never invest in any action without an adequate idea about your business and its fundamentals.
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  Optimism is the first quality that every investor should have. Ups and downs are common in stock movements, but patience eventually wins.
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  Monitor price moments regularly. Do not forget the past history of the existences. Never make decisions hastily.
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  Believe in the markets. Markets always do the right thing in the long term. Do not speculate
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  Never miss the good investment opportunities. If you find them, hold them with both hands.
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  The price at which an action is purchased is very important. Look for opportunities around with a sharp eye.

 Maximize profits and minimize losses. Do not forget this basic rule.

• Invest in a business not in a company. He won large amounts of money in titans, lupines, rallis and care, etc. selecting the right business led by a good administration.
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  Do not look for excess profits in an overvalued economy. Greed is not good for stock market investors.
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  Investing is not my profession. It's my passion. Investing is the most interesting thing for me in this world.
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  You must have your independent opinion. Watch carefully and read the relevant information with an open mind. The means are very important. Never follow herds.
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  Learning is a continuous process. Learn to accept losses with a smile.
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  Ready for challenges and risks. If you want to win a war, you have to lose many wars.
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  You are not the owner of wealth. You are just an administrator.

Note: Retail investors should not blindly invest in companies where they have interests. You owe your own research before investing in those companies. But, each investor must have his passion, optimism and patience.