Remembering 10 Quotes By 'India's Warren Buffett' Rakesh Jhunjhunwala On His First Death Anniversary

It's been a year since ¡®India¡¯s Warren Buffett¡¯ Rakesh Jhunjhunwala passed away on August 14, 2022. Known as the ¡°Big Bull¡± of the Indian stock market, the billionaire had died of cardiac arrest.

Jhunjhunwala, who was a chartered accountant, had begun investing in the stock market while he was still in college, starting off with a capital of just Rs 5,000. The late billionaire, who had been and will still remain an inspiration for stock market investors, was 62 when he died last year.

Remembering Rakesh Jhunjhunwala's 10 Iconic Quotes

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And today on his first death anniversary, let¡¯s look back at some of the most iconic quotes by the late billionaire investor Rakesh Jhunjhunwala, which will continue to inspire generations to come.

1. "The stock market has no king; those who think they are, go to Arthur Jail."

2. "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."

3. ¡°Always go against the tide. Buy when others are selling and sell when others are buying.¡±

4. "Prepare for losses. Losses are a part and parcel of a stock market investor¡¯s life.¡±

5. ¡°Emotional investment is a sure way to make losses in the stock market.¡±

6. ¡°Never run for companies that are in limelight.¡±

7. "Dogmatism is a ¡°must¡± for investing but a ¡°poison¡± for trading."

(For the unversed, dogmatism is a way of thinking that is stubborn and narrow-minded, often because of prejudice and bigotry. Its the tendency to lay down principles as undeniably true, without consideration of evidence or the opinions of others.)

8.¡°Live like there is no tomorrow but invest as if there were 5 years left¡±

9.¡°Nobody can predict prices in the short term, but in the long term, you make your own luck.¡±

10.¡°There are two ways to be fooled¡ªone is to believe what isn't true; the other is to refuse to believe what is true.¡±

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Also Read: Rakesh Jhunjhunwala's Stock Prediction For Zomato Comes True

When Anand Mahindra Shared Rakesh Jhunjhunwala's Investment Advice

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Last year, Anand Mahindra shared a motivational post remembering "the most valuable and profitable investment advice" from the late Rakesh Jhunjhunwala. Anand Mahindra¡¯s social media post was directed at the youth of the nation and their health.

Anand Mahindra's Twitter post mentioning Rakesh Jhunjhunwala had significantly proved that the proverb ¡®health is wealth¡¯ is indeed right. Taking to Twitter, Mahindra shared "advice" from the late ace investor Rakesh Jhunjhunwala which he once mentioned during an interview.

This post is being widely shared. At the last stage of his life Rakesh gave the most valuable and profitable investment advice ever. It¡¯s advice that is worth billions and the best part is, it requires investing your time, not your money. #SundayThoughts pic.twitter.com/s1tXX5UTGQ

¡ª anand mahindra (@anandmahindra) August 21, 2022

The post also attached a screenshot of an old news report where the late investor Jhunjhunwala said that he failed to invest in good health and further urged everyone to invest more in health. "My worst investment has been my health. I would encourage everybody to invest the most in that."

Also Read: 10 Inspirational Quotes From Warren Buffett

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