Rakesh Jhunjhunwala V/s. Shankar Sharma – whom should you follow?

 

23^rd June 2021

Rakesh Jhunjhunwala V/s. Shankar Sharma – whom should you follow?

Dear Fellow Travelers,

Namaste! Our last post was proof of the accuracy of our system. It gave all the calls we made on 26^th March and also the current situations against the same. Readers were happily surprised by the accuracy. Thanks a ton for being a wonderful reader. Today I am going to talk about the two stalwarts of the Indian markets. They both have a huge fan following. One is known as Big Bull and the other is knowns as Big Bear. Whom should you follow?

The advantage when you listen to them Simultaneously: -

They both talk about the opposite side of the market. One is super bullish and the other is bearish. I don’t know about Shankar Sharma’s latest view. But normally he is bearish. Rakesh is super active in recent weeks. He is super bullish on the market.

When you listen to both simultaneously – many times normal guys get confused. I have been closely following their track record.

In the past 15 years of my observation I have found that when Rakesh comes and talks about Bullishness – the market goes down significantly. Check all his calls on December 2017 and see what had happened in 2018. He was super bullish at that time. What I like about him is his humility after all his calls – he always says – “I reserve the right to go wrong”.

The same way – whenever Shankar Sharma has talked about Mandi in the market – the opposite has happened. Just take time and check his calls and market behaviour.

What is my understanding?

Market is too big to get influenced by somebody’s call on either side. It moves in its own way and people like or dislikes the calls of such people as per their positions in the market. Say, if someone has a huge buy position and he listens to Rakesh talking about 1 lakh index or Motilal talking about 2 lakh index – they will feel happy. Same this is applicable for Mandi guys when they listen to Shankar Sharma.

The idea is to look at your positions.

What Rakesh or Shankar Sharma will do after they give the calls?

Say Rakesh is super bullish in India. But if the selling starts in the market – he will change his strategy fast and start selling and selling and selling. He will not wait to check what he was thinking yesterday. He is the most dynamic trader we can ever find. He changes at the spur of the moment. In many interviews, he has said – “I don’t know what I am going to buy till I see the screen.”

The same is applicable for Shankar Sharma. They don’t get married to their views.

They keep their common sense intact while dealing with the market. They don’t hesitate to book big losses if they go wrong. They accept their defeat easily.

Problem with the normal guys: -

Rakesh is CA and he came to the market around 1987. He made his first big money in 2000 – Ketan Parikh scam. He was one side seller and if media reports were to be believed– he made around Rs.4000 CRS at that time. He capitalised this money in Titan and other stocks and today he is about Rs.15000 Cr worth or more.

So, he waited for 13 years to make big money in the market. He educated himself and he also took massive risks along with his skill sets. Had he gone wrong – he would have been wiped out. So, he always thanks GOD for all his achievements.

Normal guys are not ready to wait for 3 years also. They want instant profit like Maggie Noodle. Those who want fast money like Maggie must know this - Nestle - in the internal document, the company said that 60 percent of its food and drinks portfolio does not meet the recognized definition of health. It also acknowledged the fact that some of its food products will “never be healthy”.

The point is – I am not saying don’t eat Maggie. All I am saying is – don’t be after instant profit like Maggie - is unhealthy for your Wealth.

Whom should you follow?

The best person to follow in the market and life is you and you only. Accept your failure. Learn from it. Develop from your experience and go ahead in your life.

Most guys are afraid of failures. So, they copy the big investors' portfolio or their tips. This is not going to help them as when the big investor changes his position, he is not going to come and tell you.

So, learn yourself.

What is my suggestion?

We have freedom of speech. Anybody can come and say anything on Media or YouTube. But if you blindly follow them, you will lose YOUR MONEY. Just remember this.

If you are interested in learning approach us.

Happy Investing.

Follow me on Twitter @hiteshmparikh Or on Whatsapp - +91-9869425399.

 

Live With Passion…Invest With Passion.

 

Hitesh Parikh.