Rakesh Jhunjhunwala on why asset allocation matters more than stock picking
The late market veteran Rakesh Jhunjhunwala often reminded investors that wealth creation does not begin with stock selection, but with asset allocation. An old video of Jhunjhunwala that is making rounds on the social media platform So the first task of an investor is asset allocation, Jhunjhunwala said. Equity, debt, gold, real estate, or even…