What Comes First – Reputation Or Profits?


wealthymatters.comIf you go to most family owned companies, their core focus is profitability. How much and how soon? Little time or money is spent in building a reputation. When I visit many of the big India business group offices in India, I rarely see a poster in the visitor’s area that communicates:

What are their business practices?
What do they stand for?
What are their values?
What are their views on treating their employees?

In most Tata Companies, I see that Value Statement at eye level while sitting on the sofa at the reception. It makes me feel nice.

By not aggressively creating a positive reputation, Companies stand the risk of being determined by legacy and hearsay. That’s a big risk that can cost you your business. Read more of this post

How To Grow A Business


This is a list of 10 steps to grow your business from scratch.You have to put in some time ,a bit of your labour and maybe a bit of your savings at the beginning and then bootstrap your way up.It is inspired by the post here:-  http://7million7years.com/2011/08/26/why-most-business-owners-are-not-wealthy/

  1. Find something you can make or something you can do that somebody else will pay you for.
  2. Find out if others will pay you to make or to do the same thing for them too.
  3. If  the answer is yes to point 2,find out ways of locating other such customers.
  4. Make a detailed note of how to go about finding and getting customers the fastest,easiest and cheapest way. Read more of this post

Rakesh Jhunjhunwala Quotes


wealthymatters.com“If a girl is beautiful a suitor will come. If a stock is beautiful, a suitor will come. So I don’t search for suitors when I buy the stock.”

“I have learnt two things about the press and wives. When they say something – don’t react.”

“India will remain in a phase of very good economic growth for the next 30 years.”

“Markets are like women — always commanding, mysterious, unpredictable and volatile.”

“Anticipate trend and benefit from it. Traders should go against human nature.”

” Successful investors are opportunistic and optimistic ones.”

“The mother of bull all runs is still to come.”

“I have two-three dreams in life. The first dream is that when I die and only truth of life is death, how many people come to my funeral and say, a good man has died. That is the greatest ambition in my life. Second thing is I want to earn the greatest wealth of the world in the most legitimate manner; practical legitimate manner and leave the largest part of it to charity.”

“Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible.” Read more of this post

Rakesh Jhunjhunwala On Investing Your Way To Wealth


wealthymatters.comMr. Rakesh Jhunjhunwala, combines diverse skills as a equity trader, visionary investor and incubator of new businesses through private equity.He is the first dollar billionaire from India to have made all his money by investing–primarily in stocks.Converting Rs 5000 to a billion dollars is no mean feat.Moreover since he deals exclusively in Indian stocks and often in publicly traded companies, whose shares we all have access to,it’s well worth spending time learning how to invest one’s way to wealth from him.

Firstly,Rakesh believes that the choice of asset class is important . As he says”If you bought gold in 1970 and sold it in 1980, you bought the Nikkei Index in 1980 and sold it in 1989 and then bought the NASDAQ [till before the dot-com bust], you would have made 33% compounded returns in three decades.”Personally, under the guidance of Mr Radhakrishna Damani, he made a lot of money shorting stocks at the time of the Harshad Mehta scam post 1992.As he says,”My decision to aggressively invest in the asset class of Indian equities at the right time was a very important determinant of my success.”As Rakesh believes that the mother of all bull runs is still to happen in India ,for people like us,sticking to Indian securities as an asset class might not be such a bad idea! Read more of this post

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