10 Profound Quotes from Rakesh Jhunjhunwala That Will Change Your Perspective on Investing

Rakesh Jhunjhunwala, affectionately known as the Warren Buffett of India, was one of the top investors in the country since 1994. The success and wisdom he displayed over the years have inspired many budding young Indian investors. A remarkable man has passed away, and my sincerest condolences go out to his family and friends. His absence will be felt by all of us. It was too soon for him to leave us.?You will never look at investing the same way again after reading these 10 profound quotes from Rakesh Jhunjhunwala.

1) "You know, a balance sheet is like a bikini, it shows more but it hides what is vital." I learned to read a balance sheet and then I got fascinated by stocks.

When it comes to investing, Mr. Rakesh Jhunjhunwala is considered a legend. He's made a fortune by following his gut and investing in companies that he believes in. In this quote, he's saying that a balance sheet is important, but it's not the only thing you should look at when considering an investment. By also taking into account the company's story and management, you can get a better idea of whether or not it's a good investment.

2) “Live like there is no tomorrow but invest as if there were 5 years left”

This quote from Rakesh Jhunjhunwala is a great reminder that we should live in the present and enjoy life to the fullest. However, we should also be mindful of our future and make wise investments that will benefit us in the long run.

3) “Money won is twice as sweet as money earned.”

There's no denying the fact that making money is great. But have you ever stopped to think about it? Is it simply because you now have more money in your bank account? Or is there something more to it? What if I told you that when we make money, our brain releases a chemical called dopamine, which makes us feel good and keeps us motivated? If this is true, then does it mean that our love for earning money is as much a physiological addiction as it is an emotional one?

4) “Price matters more than anything else in a stock”

If you're looking to invest in stocks, it's important to remember that price matters more than anything else. A stock may have great fundamentals, but if the price is too high, it's simply not a good investment. On the other hand, a stock with weak fundamentals can still be a good investment if the price is low enough.

5) “Nobody can predict prices in the short term, but in the long term, you make your own luck.”

When it comes to investing, nobody can predict prices in the short term. However, in the long term, you make your own luck. This is something that Rakesh Jhunjhunwala knows all too well. He is one of the most successful investors in India. He has made a fortune by taking a long-term view of the markets.

6) “The future never looked so good; so what could go wrong?”

No one knows what the future holds, but that doesn't stop us from making predictions. Sometimes those predictions turn out to be correct, and sometimes they're way off.

7) “It's better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

In other words, it's better to buy a great company that's trading at a fair price than a fair company that's trading at a great price. Why? because you're more likely to make money in the long run with the former. With the latter, you're more likely to overpay and end up losing money.

8) “I think in India, a lot of people will get rich over the next few years – because wealth creation by itself becomes self-sustaining once it gathers pace.”

In India, there are a lot of people who are going to get rich over the next few years. This is because wealth creation by itself becomes self-sustaining once it gathers pace. Mr Rakesh Jhunjhunwala is a legendary investor and he has some very profound quotes that can change your perspective on investing.

9) “Don't talk about bulls and bears—talk about upswings and downswings.”

No matter how much research you do or how prepared you think you are, there will always be upswings and downswings in the stock market. It's important to remember that these are natural occurrences and not something to be worried about. Instead, focus on long-term goals and stay the course.

10) “There are two ways to be fooled—one is to believe what isn't true; the other is to refuse to believe what is true.”

Many people choose to believe things that aren't true because it's easier than to face the truth. It's easier to pretend that everything is fine when it's not. It's easier to hold onto the hope that things will get better even when there's no evidence that they will. But by doing this, we only fool ourselves. We waste our time and energy chasing after things that aren't real.