Ace investor Rakesh Jhunjhunwala, who left for his heavenly abode this morning, was an optimist who always believed that ‘the best (of the market) is yet to come’

He became the Big Bull of the stock market by having faith in the Indian market and his investment strategies.

Many of his stock picks were based on chosing the companies which would gain from India’s rapid transformation and growth.

He was also a rare combination of a trader and an investor. He had the courage to trade against the overwhelming market sentiment especially in bearish times.

This resulted in phenomenal gains on several occasions. He used these windfall profits to buy or add in fundamental long term picks in which his conviction was high.

He was, thus, able to multiply his wealth by a unique combination of short-term trading and long-term investing,” says Ashish Kapur, CEO, Invest Shoppe India Ltd.

1. Buy right, sit tight Jhunjhunwala always believed in ‘buying right and sitting tight’.

2. Never get emotional about your stock ideas When Rakesh Jhunjhunwala turned 50, he was asked by a reporter whether as an ace investor, he (sometimes) gets emotional about any of his stock ideas?