![]() Even traders who use the latest technology to help them take decisions, or use sophisticated proprietary models developed by big investment institutions such don't really know why they have bought or sold a particular stock. In both trading and investing, it's important what you buy, but it's more important at what price you buy. There is lack of focus on the magnitude of gains and losses, which is why I maintain that good trading requires you to go against the basic tenets of human nature. Human nature operates on the chance of a gain rather maximizing gains. ![]() ![]() The ability to strike the right balance between fear and greed is the most vital determinant of profitable risk-taking. Trading is against human nature conditions, viz the greed for profits and the fear of losses. Here he explains his investment approach, and the influences which have shaped it. ![]() One of the world's greatest super traders operating in one of the world's toughest stock markets, Rakesh Jhunjhunwala is as bullish on India today as he has been since 1985. ![]()
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