Rakesh JhunJhunWala Interview on 7th Feb 2019:

When we are confused, we look upon some expert for clarity. And for Stock markets, one such person is Mr.Rakesh JhunJhunWala - a self made investor whose views are much tracked in the market.

Few days back his interview came up on Bloomberg Quint Channel and fortunately it is in below mentioned youtube link. Worth watching once.

Following are some of the point (may not be the exact phrase) that captured my attention:

• Markets are like Women. They humble you. Don't try to brow beat them. You need to accept, respect and learn from them.
• Growth and prosperity of nation comes from Chaos.
• Advantage of India:
• Genetically skilled
• Favorable demography for 30 years, which is irreversible.
• Democracy
• Entrepreneurship
• Natural resource
• Inward looking economy with potentials for exports.
• India grows not because of politicians, but in-spite of politicians.
• Positives of  Present govenrment
• Doing Social welfare without leakage - Direct benefit transfer
• Inviting investments - increasing size of market
• Push towards common civil code
• Advise for Retail investors:
• Investing is NOT EASY
• Investing needs full time attention
• Many invest in stock market for excitement.
• Allocate 10% of money for such direct equity investing.
• Invest rest 90% through mutual funds and Portfolio Management services.
• Problems of Retail investors
• Attitude of Expectations
• If you compound at 21%, your money doubles in 3.5 years which is excellent
• If Debt returns are8-9%
• Expected equity returns could be 15% to 18%
• Equity Investing is not T-20, it is Test Match.
• Lessons learnt:
• Be realistic in expectations
• See reality as it is and accept it.
• Don't be too pessimistic or too optimistic.
• Dont be afraid to make a mistake
• Rely on intuition
• Invest in Future but keep in mind that Future is uncertain.
• Don't be too predictive.
• Do Financial Due Diligence AND Business Due Diligence.

Wealth is Comfort. Wealth is Independence. Wealth is NOT HAPPINESS.