He also includes a prayer from the Dalai Lama, and an eclectic compilation of quotations from Shakespeare and Voltaire to George Soros and Buffett.
Last but not least he dwells on his speeches covering his investment methodology, such as evaluating corporate price-to-earnings ratios – a hark-back to his studies in chartered accountancy.
Thus he is a simple man who has to a great extent been helped by his luck coupled with his forethought, vision and planning which has made him the richest man from the stock market.
Let us have a look at the people who had an influence on the life of Rakesh Jhunjhunwala.
Peter Lynch is a well-known American investor, mutual fund manager, and author. He is best known for his tenure as the manager of the Fidelity Magellan Fund, one of the most successful mutual funds of all time. During his tenure from 1977 to 1990, the fund's assets under management grew from $20 million to $14 billion, and its returns outperformed the S&P 500 index by an average of 13.5% per year.
Lynch is known for his "buy what you know" investment philosophy, which emphasizes the importance of investing in companies and industries that are familiar to the investor. He also championed the idea of "tenbaggers," or stocks that increase in value tenfold or more.
After leaving Fidelity, Lynch continued to be active in the investment community and has written several books on investing, including "One Up On Wall Street" and "Beating the Street".
Lynch is considered one of the greatest investors of all time, and his investment philosophy and approach continue to be studied and admired by investors and finance professionals today. His career is an inspiration for many investors and traders around the world, and his books and teachings are still considered as the bible for many of them.
John Templeton was a prominent American-born British investor, businessman, and philanthropist. He is widely considered to be one of the greatest investors of the 20th century.
Templeton began his career as a mutual fund manager and eventually founded the Templeton Growth Fund, which became one of the most successful mutual funds of all time. He was known for his contrarian investment philosophy and his focus on finding undervalued, overlooked stocks.
Templeton's investment approach focused on global investing and value investing. He believed that by investing in companies and sectors that were out of favor with the market, he could find undervalued opportunities with strong growth potential. He also believed in the power of diversification, and advocated for investors to invest in a wide range of companies and industries across the globe.
Templeton's investment success earned him a reputation as a master of global investing and a pioneer in mutual fund management. He was also known for his philanthropy, and established the Templeton Foundation, which supports research on spiritual and moral values.
Templeton passed away on July 8, 2008 but his legacy lives on through his teachings, books, and interviews which are still widely followed by investors around the world. He is considered a pioneer in global investing and his investment philosophy continues to be studied and admired by investors and finance professionals today.
The Dalai Lama is the spiritual leader of the Tibetan people and the head of the Tibetan Buddhism. He is considered to be a reincarnation of the bodhisattva of compassion, Avalokiteshvara. The current Dalai Lama, Tenzin Gyatso, is the 14th in a line of Dalai Lamas dating back to the 14th century.
The Dalai Lama is a significant figure in Tibetan culture and history, and has played a central role in the political and spiritual life of Tibet. He has been the political leader of Tibet since the 1950s, when China annexed Tibet and the Dalai Lama was forced to flee to India. Since then, he has been based in India and has worked to promote the cause of Tibetan autonomy and human rights.
The Dalai Lama is also a respected spiritual leader and teacher. He travels widely, giving teachings and giving public talks on a wide range of topics, including Buddhism, ethics, and human values. He has also written many books on Buddhism and other spiritual topics, and is considered to be one of the most influential spiritual leaders of our time.
In 1989, he was awarded the Nobel Peace Prize for his nonviolent struggle for the liberation of Tibet. He is also known for his promotion of religious harmony and tolerance. The Dalai Lama has met with several world leaders, religious figures, and celebrities, and has been a vocal advocate for compassion and nonviolence.
George Soros is a Hungarian-American billionaire investor, business magnate, philanthropist, and political activist. He is one of the world's most successful investors and is considered one of the most influential people in global finance. Soros is known for his philanthropic efforts to promote democracy and human rights, and he has been a major contributor to progressive and liberal causes. He is also a vocal critic of authoritarian governments and has been involved in a number of high-profile financial controversies.
Warren Buffett is an American businessman and investor widely considered to be one of the most successful investors in the world. He is the chairman, CEO and largest shareholder of Berkshire Hathaway, a multinational conglomerate holding company. He is often referred to as the "Oracle of Omaha" and is known for his value investing strategies and his adherence to a long-term investment horizon.
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