Rakesh Jhunjhunwala
Rakesh Jhunjhunwala "For trading i look at technicals, which are essentially price movements. when price movements confirm my thought process, i buy aggressively. The sheer feeling that the markets have bottomed out or that the fundamentals and valuations are favourable is not enough" "The ingredients of successful investing lie in locating gaps between current expectations and future likely performance which provide me favourable odds as an investor. Perhaps the single biggest error in the investment business is failure to distinguish between knowledge of a company's fundamentals and the expectations implied by the stock price" "The issue is not which stock will be the winner, but rather, which companies are available at valuations that promise superior returns" "Markets disproportionately reward companies that are leaders, innovators and performers. We can predict future prices by predicting future EPS and PER, but in order to predi...