2. Buy for long term, it will pay off well: Rakesh Jhunjhunwala invests in the stock market but he is not a short term trader. Instead he invests in stocks for the long term. He believes in holding shares for a very long time because according to him it is one way of becoming a true multi-bagger. All the stocks in his portfolio; especially the ones that have become multibaggers have been held by him for several decades. Some of the stocks he owns have also multiplied his wealth over the years. He had even sold them by 10-20 per cent.

3. Believe in Indian economy: The very first quality every investor should possess is hope and faith in your  investments. Ups and downs are common in stock movements but patience is what is required more as it will ultimately make you win. Rakesh Jhunjhunwala is a strong believer of India's growth story. He repeatedly says the Indian economy will keep growing and asks everyone to be a part of it. According to him, the only way for you to be a part of a growing India is to invest in its stock market. He also advices to believ in market returns on a long-term basis. Investing in debt instruments like fixed deposits or bonds, will not be able to reap multifold returns by any means.