Best Books Recommended By Rakesh Jhunjunwala: Which book makes it to the list of prominent stock investor? If you are interested in finance and trade then this list will be of huge help to you, apart from people who like to read about trading others can also include the list of best books read by Rakesh.
Before diving into the list let me tell you about Rakesh Jhunjhunwala, he is an Indian investor and trader known for his immense success in the Indian stock market. Rakesh is often referred to as the "Warren Buffett of India" for his investing prowess and success. He began investing in stocks in the late 1970s and has since built significant wealth through his investments in various sectors. Well known for his astute stock picking, and long-term investment approach.
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Best Books Recommended By Rakesh Jhunjhunwala: Our Top Picks
What grasped Jhunjunwala’s mind? We will sail you through the dynamic list of financial books that is a dominating genre read by him. What could excite his mind to stick around and complete the books? Let's find out.
1. One Up On Wall Street by Peter Lynch and John Rothchild
How to use what you already know to make money in the market? Written by the prominent mutual fund manager, Peter Lynch, this book gave an insight into the many advantages that an average investor has over professionals and how they can help them reach financial victory. This book explains how your knowledge alone can assist you in beating the pros of investing. From the perspective of America's most successful money manager, investment chances are extensively accessible.
Be it a departmental store or workplace, you can find goods and services everywhere. You have to select these organizations in which to invest before they are found by skilled analysts. You will find more interesting knowledge and approach to investment. Thus the book has become one of the souvenirs among readers. Furthermore, One Up on Wall Street provides classic tricks and recommendations on the money business. Book Price: Rs 387
2. Buffett: The Making of an American Capitalist by Roger Lowenstein
Ever wonder how Warren Buffett was able to amass the staggering wealth that he generated throughout his life, making him worth a mammoth $10 billion and counting? This book will give principles and tips on how you can use Warren Buffet strategies and gain wealth. Well, this gives a valid reason for the novel to be the top contender of one of the best books recommended by Rakesh Jhunjhunwala, the book depicts how he started from scratch and kept picking up stocks and companies that he could invest in. This led to him becoming the owner of fortunes that are worth many millions.
Achievements after achievements led to him becoming a huge figure in stock investing, he is looked upon as one who lives a life of various contradictions. The first thing that contradicts is his extraordinary wealth against the modest lifestyle that he has. Being a successful investor, he still chooses to avoid the trading methods of modern Wall Street, which are considered to be a rage. Despite being a successful dealmaker, he still chooses to maintain the aura of a kind and calm person. Book Price: Rs 698
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3. The Alchemy of Finance by George Soros and Paul A Volcker
Want to know the current market trends? Then explore this novel. George Soros is undoubtedly one of the most successful and profitable investors in the world today. Dubbed by BusinessWeek as "the Man Who Moves Markets," Soros made a fortune competing with the British pound and remains active today in the global financial community. This special edition of the classic investment book, The Alchemy of Finance, gives a theoretical and practical account of current financial trends and a new paradigm by which to understand the financial market today.
An elaborative and revised Introduction details Soros's innovative investment practices along with his views of the world and its order. He also describes a new paradigm for the "theory of reflexivity" which underlies his unique investment strategies. Filled with expert advice and valuable business lessons, it unfolds the dynamic principles of an investing legend. Book Price: Rs 1,826
4. Trader Vic--Methods of a Wall Street Master by Victor Sperandeo
Unravel the investment strategies of ‘The Ultimate Wall Street Pro’ Victor Sperandeo, one might say he has a gifted mind but that's not just it, all these years of hard work made him the wizard of the trading world. Learn various methods and techniques divided into 17 chapters of this edition. Keep your mind free and read the text as simply as possible, the book is not about just consuming the data but applying it practically.
You will get great reviews of one of the best books on trading which includes praise from financial magnates like T-Boone Picken General partner Mesa Limited he said "This book covers all the important aspects of making money and integrates them into a unifying philosophy that includes economics, Federal Reserve policy, trading methods, risk, psychology, and more. It's a philosophy everyone should understand." This book gave me a wealth of new insights into trading. Whether you're a short-term trader or a long-term investor, you will improve your performance by following Sperandeo's precepts” said Louis I. Margolis Managing Director, Salomon Brothers, Inc. Book Price: Rs 2,481
5. Think & Trade Like a Champion by Mark Minervini
A practical guide by Mark will show you how to use his time-tested strategies to drastically improve your performance and develop the power and confidence required to achieve superperformance. He reveals his trading rules and the secret techniques that made him one of America's most successful stock traders. You will learn how to use Mark's methods in your trading and be ready to trade like a pro! He is featured in Momentum Masters.
It’s a roundtable Interview with Super Traders and in Jack Schwager's Stock Market Wizards: Interviews with America's Top Stock Traders. Schwager wrote: "Minervini's performance has been nothing short of astounding." If you're ready to master the art and science of stock investing, champion trader Mark Minervini will show you how to dramatically increase your returns while keeping your risk to an absolute minimum, seep the knowledge that empowers you, and transform your life. Book Price: Rs 295
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Disclaimer: No journalists were involved in the production of this article. The prices mentioned here are subject to change for Amazon. Also note, that the mentioned products are picked on user ratings and Her Zindagi is not responsible for the after-sale service of any products.
FAQs
1. Which book did Rakesh Jhunjhunwala recommend?
He read diversed books but what makes it to the top list are:
Trader Vic' by Victor Sperandeo.
'Buffett' by Roger Lowenstein.
'One Up On Wall Street' by Peter Lynch.
2. What is Rakesh Jhunjhunwala's buying strategy?
A Big Bull for sure, he believed in buying when others sold and selling when others bought. He insisted on investing in financially sound companies with strong management and held his positions for long-term gains.
3. Who is the No 1 investor in India?
Rakesh Jhunjhunwals is the number 1 investor in India.
4. What is the #1 most-read book?
One of the best books that is read widely is The Bible