Do you ever listen to the name of Rakesh Jhunjhunwala, a Chartered Accountant by profession?
Rakesh Kumar Radheyshyam Jhunjhunwala is an Indian Billionaire Investor and Trader. He graduated in 1985 and started trading in the full-time stock market when only 150 companies were registered in the Sensex.
According to an estimate, in the last one year in the boom of the stock market, he has earned an average of 59 crores every week. If they want, they can buy a Mercedes Benz or BMW car every hour from it.
He is an inspiration for millions of investors in the share market.
His business mantra:
His business mantra is simple: 'Buy right and hold tight' means to purchase the right shares at the right time and hold it.
The company should focus more on its business. What kind of business the company is in and how much profit is expected in that business going forward. An investor should always keep an eye on it.
Plus, follow the market properly, know the history and current news. There are many ups and downs in the market, but in the long term, the market always moves upwards. Mr. Jhunjhunwala has equally suffered a loss in his investment. A better example is mid-day multimedia. But they did not back down from this.