Rakesh Jhunjhunwala – A Wizard of Dalal Street

Here is an excerpt from CNBCs the Wizards of Dalal Street:It’s pretty interesting hearing Rakesh narrate the story of his early years in the stock market and his progress since then.With the market in the doldrums maybe it’s now time for us too to seize the moment and do our personal versions of a Jhunjhunwala.So watch,learn and be encouraged:

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Marc Faber On Indian Equities

wealthymattersMarc Faber, the author of The Gloom, Boom & Doom report, spoke recently to Bloomberg UTV on the Indian equities and the global headwinds. Here are the key pointers from the interview:

On Indian economy:
– 2008-like fall will send dollar higher, rupee lower
– Domestic consumption remains India’s biggest story
– Growth in rural areas, population key driver

On Indian equities: 
– Difficult for Sensex to cross 21,000 in next 6 months
– Expect Sensex to fall 12000-15000 in near-term
– Don’t expect India to fall below 2008 levels – Markets got oversold in last 2 months
– Would accumulate Indian stocks on weakness
– May also look at investing in Indian banks
– Impossible for India to hit new high in next 6 months
– Banks continue to operate like hedge funds Read more of this post

Carlos Slim Helu


Carlos Slim Helu might have made it to the top of the Forbes List the second time in running but he is hardly known in India.Other than a few brief news pieces there has hardly been anything written about him in the Indian Press.

Now here is a man from an emerging economy who has made it to the top of the world rich list.The first to have done so.

His parents were successful in trade and business and so his family was well to do.But he multiplied the family fortune manifold by his own efforts.He was the 5th of 6 children and his father died when he was just 13 years old.However even before that his father gave him a good grounding in business skills especially in book keeping.Carlos made his first investment on his own in government bonds when he turned 13.  Read more of this post

Rakesh Jhunjhunwala on ET NOW

This is a video of a short interview of Rakesh Jhunjhunwala aired on ET NOW.I caught it on TV earlier this week.I thought of putting it up here for the actionable information it contains.So Gook Luck! But do remember not to be too greedy as even the legends can be wrong.

Rakesh Jhunjhunwala In His Own Words

wealthymatters.comBelow is a favourite but somewhat dated Rakesh Jhunjhunwala interview.I frequently revisit the article to read about how he started out.Every time I wonder  how I might be able to do what I want to do with so few resources,I find reading his story inspiring.Also I like his way of limiting risk,dealing with loss , having flexible targets and dealing with unfavourable opinions.The red ink is mine.It’s to highlight the parts I find interesting.As a side note,I also like reading the account of the 1993 blasts,if for no other reason than to remind myself about the spirit of Mumbai and the grit of all Mumbaikars. Read more of this post

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