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Trading Success Stories: Rakesh Jhunjhunwala



Traders and investors who had success in his career largely dedicated to the knowledge and the time to develop trading and investment world as founded the investment firm, became consultant commentator on various media, investment and business, develop trading software, writing a book, and so on. We can take the positive benefits of the career and their view of the world of trading and investment. Rakesh Jhunjhunwala-did not like to be called Warren Buffet from India.

Rakesh Jhunjhunwala is a leading Stock traders from India. In addition to having the fans quite a lot, he is also respected by investors in shares mainly in India. Rakesh private portfolio in the form of managing the partnership with his investment company, Rare Enterprises. He is known as a long term trader who hold shares his choice until a couple of years. Economic Times dubbed "the Pied Piper of Indian bourses" or "brass players of the dynamic stock exchange in India". Rakesh doesn't want to be referred to as Warren Buffet from India though it works in a room decorated with pictures of Warren Buffet and George Soros.


Rakesh Jhunjhunwala was born in July 1960 and grew up in Mumbai, India. After completing his studies at Sydenham College, he continued at the Institute of Chartered Accountants of India and graduated as an accountant. Refusing to work as an accountant, Rakesh chose to immediately plunge in the stock market as a full time trader in 1985. He obtained his first profits amounting to half a million Rupees in 1986 when it sells 5000 shares of Tata Tea, which costs 143 Rupees with a purchase price of 43 Rupees, for a period of three months. Since then its share investment portfolio continues to increase with a significant enough profits.

As does Warren Buffet, Rakesh is a long term stock trader. He has a principle that profits earned from trading should be used to add balance account to an investment portfolio can be developed. Final stocks portfolio is always a concern and criticised the observers. Forbes magazine estimates his fortune reached USD 1.25 billion Rupiahs.

Trading strategy Rakesh heavily influenced by George Soros, while for the fundamental analysis of the economy he followed the way Marc Faber. Rakesh Jhunjhunwala is very supportive of classical theory in trading "the trend is your friend", or the trend is your loyal friend. As a trader of stocks he also has the principle of "buy right and hold tight", or buy good stocks and hold (hold) with tightly. Rakesh said that the stock market, or any market, are the temples of capitalism, and he believes in the end market is a fair referee.

Rakesh Jhunjhunwala occupied several important positions in various companies, such as chairman at Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd., and as a Director of several major companies in India, among other Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, Bilcare Limited, Praj Industries Limited, Concord Biotech Limited and Innovasynth Technologies Limited. As a trader, Rakesh certainly did not escape from a big loss as he had been the past endured on April 2012, but quickly he could recovery by setting his portfolio.

In an interview, Rakesh said: "If you ask me what it means money, I would say that money is just one Exchange, but Paul Getty, one of the rich world says if you start can count money, you will never have enough money, regardless of the amount".

Source: www.forbes.com


This post first appeared on Forex Today, please read the originial post: here

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