Rakesh Jhunjhunwala's Top 10 Commandments for Investing are -
- Be an optimist! Thenecessary quality for investing success
- Expect a realistic return. Balance fear and greed.
- Invest on broad parameters and the larger picture. Make it an act of wisdom, not intelligence.
- Caveat emptor. Never forget this four-letter word -R-I-S-K.
- Be disciplined. Have a game plan.
- Be flexible. For Investing is always in the realms of possibilities.
- Contrarian investing. Not a rule, not ruled out.
- Its important what you buy. It’s more important at what price you buy.
- Have conviction. Be patient. Your patience may be tested, but your conviction will be rewarded.
- Make exit an independent decision, not driven by profit or loss.
