Gems of RJ

For beginners in the market, here are a few invaluable gems from Jhunjhunwala's book: Whatever you can do or dream you can, begin it.
Boldness has genius, power and magic in it.
Do something you love
The means are as important as the end
Aspire, but never envy
Be paranoid of success -- never take it for granted. Realize success can be temporary and transient
Build a fighting spirit -- take the bad with the good When you see a horizon, it seems so distant. When you reach that horizon, you will realize how many more horizons are within reach
Asked how much patience should an investor have, Jhunjhunwala said, "Get married and you will understand how patient you need to be."
"Patience may be tested, but conviction will be rewarded," he asserted. He appealed to the budding investors to go by what George Soros said: 'It's not important whether you are right or wrong, it more important how much you lose when you are wrong and how much money you make when you are right.'
To be successful in investing, five things are critical. There has to be: an attractive, addressable, external opportunity; a sustainable competitive advantage; scalability and operating leverage; and a qualified and integral management
Last but not least, it is of vital importance what one buys and at what price.
Rakesh Jhunjhunwala