Rakesh Jhunjhunwala quotes: Here are 10 stock market investing mantras

Veteran stock market investor Rakesh Jhunjhunwala, who owned recently launched Akasa Air, died this morning at the age of 62 in Mumbai. The airline began commercial operations this month with an inaugural flight from the financial capital of Mumbai to the city of Ahmedabad. He teamed up with former Jet Airways CEO Dube and former IndiGo director Aditya Ghosh to create Akasa.

According to hospital sources cited by the news agency ANI, Jhunjhunwala was not doing well for the past few days and breathed his last today at Breach Candy Hospital in Mumbai. He was born on July 5, 1960 and grew up in Mumbai.

Stock investor Ace also ran a private equity trading company called RARE Enterprises. He has always been bullish about the Indian stock market and all the stocks he bought mostly turned into a multibagger.

Take a look at 10 golden quotes from Rakesh Jhunjhunwala,

1) “Respect the market. Have an open mind. Know what to bet. Know when to take a loss. Be responsible.”

2) “Hasty decisions always result in heavy losses. Take your time before putting money into a stock.”

3) “Anticipate the trend and take advantage of it. Traders should go against human nature.”

4) “Never invest at unreasonable valuations. Never run for companies that are in the limelight.”

5) “Trading always keeps you on your feet, it keeps you alert. That’s one of the reasons I love to trade.”

6) “Emotional investing is a surefire way to make losses in stock markets.”

7) “You can’t make profits in the stock market if you don’t have the capacity to bear losses.”

8) “Buy when others sell and sell when others buy – the mantra of the stock market.”

9) “Invest in companies that have strong management and competitive management.”

10) “When opportunities arise, they can be through technology, marketing, brands, value protection, capital, etc. You need to be able to spot them.”

Prime Minister Narendra Modi offered his condolences on the death of Rakesh Jhunjhunwala on his social media handle. “Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His death is saddening. My condolences to his family and fans. Om Shanti,” Prime Minister Modi tweeted.

BJP leader Baijayant Jay Panda said in a tweet: “Deeply saddened to hear of the sad demise of Dalal Street Big Bull Shri Rakesh Jhunjhunwala Ji. He was often referred to as the Indian Warren Buffett as he mastered the art of investing. Recently, he launched the Akasa air. Sincere condolences to his family.”

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