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Hello friends welcome back to investing rules so friends today we are going to talk about Indian stock market and the king who became a successful investor in his investing career and we will also learn some of his investment principles and gradually his interest started increasing in the stock market then he was 15 to 16 years old one day with a lot of career stress Rakesh Jhunjhunwala asks his father that father what is this stock market and starts getting information related to investment he graduated from college in commerce subject and completed ICAI CSC in 1985 and made the first profit of his life and this profit was earned in 1986 by buying 5000 shares of Tata Tea Company at the rate of Rs.
45 per share and after just 3 months he had earned Rs. 20 to 25 lakh and from 1989 to 1992 due to Mehta scheme the conditions of the stock market were not good still he bought 1100 shares of Tata Power Presently, Rakesh Jhunjhunwala's post-polio shares of companies are available, which he bought at very cheap prices, and today they are paying dividends worth lakhs.
This was Rakesh Jhunjhunwala's biography, in which we learned. Now let's go through some of his investing principles. He says that if you want to make money, you must be prepared for losses. You can never guarantee that you will always be right. Further, the fifth role says, "Look at the value of a company, not its price." This means that the price of a company does not determine whether you should invest in it or not, but the value of the company is more important.
Often people prefer to buy shares with higher prices, but it is important to see how the company has performed in the last one or the last five years or if the company will perform well over the long term. The last role is this, and this is the basic mantra of Rakesh Jhunjhunwala's success, which is "Buy Right and Hold Tight," which means choosing the right stock and going with patience.
So, today's video ends here. It is possible that you will learn something from this video. You must have definitely liked the video, please like and comment and please subscribe brother so that you do not miss any video, we will meet in a new video with a new topic, till then goodbye.
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