Jhunjhunwala became billionaire by not selling anything

jhunjhunwala

You must have heard about recent release of the book “How to to become billionaire by selling NOTHING” This book is written by blogger Mr.Aditya Magal. He runs blog on the name of “Rakesh Jhunjhunwala”.

As the name of rakesh jhunjhunwala is involved I tried to find out how this book can help our readers. This book is work of fiction about entrepreneur who wanted to sell a product called NOTHING. He approached billionaire Rakesh Jhunjhunwala who dismissed his idea and gave Rs 1 lakh asking him to seek help of psychiatric. The Entrepreneur invested this money to manufacture nothing and assign some stake to Rakesh Jhunjhunwala in the company as a sign of gratitude. Stock of this company climbs high as filmstar, politician displays interest in nothing. At last company was sued by other company because of idea copy.

Learning from this book:-

  • Only invest in business that you understand.
  • Entrepreneurs sees opportunity in everything even in “NOTHING”.
  • Entrepreneurs always stays hungry and foolish  (making money by foolish idea -selling Nothing)
  • Idea should be original entrepreneur should never copy idea of others

This was about book what about reality well my thinking how Rakesh Jhunjhunwala in real life became billionaire is given below:-

How Jhunjhunwala became billionaire by not selling anything

Yes! Rakesh Jhunjhunwala became billionaire by adopting Investment strategies “Not selling anything”!

Buy Right and Hold Tight

Rakesh Jhunjhunwala investment strategy says “Buy right and hold tight”. Select right stock and stay invested in this stock.  He is holding Titan Industries and Lupin since long and he is still making profit from this stocks.

His one of the largest shareholding Lupin went up more than 48% in 2 years. Similarly Titan Industries gone up by 24% and CRISIL by 18% in last two years.

stock_rakesh_jhunjhunwala

Apart from profit this stock are giving him regular income as dividend.

Ride your Winners

Rakesh Jhunjhunwala always says you have to “Ride your Winners!!”  In interview it was asked to Rakesh Jhunjhunwala When do you sell your multibagger?” Rakesh Jhunjhunwala answer was “Never”.

Rakesh jhunjhunwala syas that don’t sell stock for the sake of selling, rakesh Jhunjhuhwala explain two situations when he sell his stock. First situation if he is in need to capital to invest in other stock that will give him even better return.

Second situation when the stock market has become so irrational that the perception of earnings and the P/E is unsustainable.

Conclusion: If Jhunjhunwala became billionaire by not selling anything you can also become billionaire by not selling anything.

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Image courtesy:- Mr.Aditya Magal

Article by Raviraj

Hi, I am Raviraj. I am passionate about money matters and finance. I have 10 years of rich experience in the field of financial planning, Investments & Insurance. I have written 850+ article on this blog. If you like my efforts kindly subscribe to this blog and also let your friends know about this website by sharing.

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2 Comments

  1. Mohammed Ali says:

    “Buy right and hold tight” – very hard to follow this mantra in Stock market, but this always paid-off for the investors who wait little longer.. Thanks for this inspirational article

  2. suresh says:

    Good article Raviraj. Another name fo this strateg is ‘longterm investment’. Patience pays

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