Dear all,
I was just wondering if anyone has any information on Rakesh Jhunjhunwalla's methodology. I was reading the other day he started with just 5000 rupees in 1985 and today its 5000 crores. That in itself is mindboggling but the kicker is yet to follow ...........which is ......... he did it trading only equities No futures or options so no leverage.
I was met someone who claimed he know RK and told me RK's portfolio was maintained by ENAM at that time and its because of them he made such impressive gains in his initial yrs.
But personally I find that hard to believe as RK's net worth is more than ENAM's so if ENAM could do it for RK why didn't they do it for themselves.
From reading interviews in magazine and watching his commentary/guest experiences on TV this is what i have gathered so far
1)He tries to identify conditions which will be favorable in the future and then finds which businesses will profit form this
2)He builds huge long term positions, in his latest interview he mentioned some stocks he's been holding right form the late 90's till today, which means he held them thorough the crash of 2000 and 2008.
3)He gives credit to two people who were mentors to him. One is a certain Mr. Radhakrishna Damani (not that Ramesh Damani joker who comes on TV) and the other is Mr. Chandrakant Sampat. Unfortunately I don't know much about either of them. I used to hear of RK Damani in the 90's but he seems to have disappeared from the scene.
4)He said one of the books that helped him when he was developing his technique was trader Vic's "Methods of a wall street master"
5)In his latest interview he advises ppl to invest for the long run and not to actively trade and says India is in a multi year secular bull run.
Latest interview can be seen here
Moew info and a brief biography of the man can be found here
I welcome comments from any members who have any insights about this remarkable man and his methods.
I was just wondering if anyone has any information on Rakesh Jhunjhunwalla's methodology. I was reading the other day he started with just 5000 rupees in 1985 and today its 5000 crores. That in itself is mindboggling but the kicker is yet to follow ...........which is ......... he did it trading only equities No futures or options so no leverage.
I was met someone who claimed he know RK and told me RK's portfolio was maintained by ENAM at that time and its because of them he made such impressive gains in his initial yrs.
But personally I find that hard to believe as RK's net worth is more than ENAM's so if ENAM could do it for RK why didn't they do it for themselves.
From reading interviews in magazine and watching his commentary/guest experiences on TV this is what i have gathered so far
1)He tries to identify conditions which will be favorable in the future and then finds which businesses will profit form this
2)He builds huge long term positions, in his latest interview he mentioned some stocks he's been holding right form the late 90's till today, which means he held them thorough the crash of 2000 and 2008.
3)He gives credit to two people who were mentors to him. One is a certain Mr. Radhakrishna Damani (not that Ramesh Damani joker who comes on TV) and the other is Mr. Chandrakant Sampat. Unfortunately I don't know much about either of them. I used to hear of RK Damani in the 90's but he seems to have disappeared from the scene.
4)He said one of the books that helped him when he was developing his technique was trader Vic's "Methods of a wall street master"
5)In his latest interview he advises ppl to invest for the long run and not to actively trade and says India is in a multi year secular bull run.
Latest interview can be seen here
Code:
http://www.moneycontrol.com/video/market-outlook/refraintrading-investmfs-instead-jhunjhunwala_496967.html?utm_source=Article_Vid
Moew info and a brief biography of the man can be found here
Code:
http://en.wikipedia.org/wiki/Rakesh_Jhunjhunwala