Rakesh Jhunjhunwala's tip on How to find multibagger stocks

Tip No. 1: Don’t Look For Multi-baggers Don’t seek them at all. Let the multibaggers come to you!Rakesh Jhunjhunwala, the Investment Guru,  says "Go back to the old-fashioned way of making investments designed by investment maestros Benjamin Graham, Peter Lynch and Warren Buffet". "If your homework is right and you have invested in fundamentally sound companies with good growth prospects, your investments will by themselves become multibaggers with the passage of time".
Tip No. 2: Don’t Look for Profits; Look For Sources Of Profits
Tip No. 3: Forget ‘Large Cap, Small Cap’ Nonsense – Look For Scalability Of Operations
Tip No. 4: Give it Time, Be Patient
Tip No. 5: Don’t get carried away by short-term aberrations
Tip No. 6: Invest in a business that you can understand
Tip No. 7: Don’t worry about the macro stuff like fiscal deficit, inflation etc which are unknowable. Focus on what is knowable
Tip No. 8: Don’t Try To Time The Market
Tip No. 9: If it’s cheap, buy it- Don’t pass up something cheap today in the hope that it will get cheaper tomorrow
Tip No. 10: Don’t buy stocks that have a fixed return
Tip No. 11: Ride your winners!!
The one question on everybody’s mind is "When do I sell my multibagger?" Rakesh Jhunjhunwala answers with aplomb "Never". 
One must be careful to understand what Rakesh Jhunjhunwala is saying here. What the Greatest Investor in India is saying is: "Don’t sell for the sake of selling because you can never say that the 10-bagger today will not become a 20-bagger tomorrow".
But, Rakesh Jhunjhunwala hastens to clarify that this does not mean that one will never sell a multibagger. He gives two situations when even he may sell his beloved multibagger. The first is when he is short of funds and he needs capital to invest in a stock that will give even better returns than what the existing one will give. And second, when the stock market has become so irrational that the perception of earnings and the P/E is unsustainable. Rakesh Jhunjhunwala gives the example of what happend in 2000 when euphoric investors laid bets that Infosys’ earnings would double every year for the next 10 years. Infosys’ P/E at the then current earnings was 100-150 times. So, says Rakesh Jhunjhunwala, when the expectation of earnings peaks and the P/E is unsustainable, that is the time to sell.
Tip No. 12: Concentrate, concentrate & concentrate!!

What Is The Abundance Principle?

Many people dream of financial freedom but is often discouraged by the lack of opportunities around them. I frequently hear this sentiment from friends who say to me that it is not easy for them to achieve wealth because we are living in a country of limited possibilities.
I would disagree in my mind because whenever I look around, I see a lot of opportunities which are just waiting to be seized and nurtured. They may not be as grand or as big as those which can be found in other countries, but nevertheless, they are present and have the potential to grow and become a strong foundation for one’s wealth.
So, to all my friends and to you who thinks this way, I am sharing to you a story which was written by Rebecca Fine entitled Afloat In A Sea of Abundance:

In the days of the mighty sailing ships, when brave souls voyaged into the unknown, dependent on the winds and their as-yet incomplete knowledge of geography and navigation, one of the greatest and most dangerous challenges was to traverse the area known as “the doldrums.”
Extending about 30 degrees on either side of the equator, the doldrums are subject to days, weeks, even months of no wind at all. After a long and difficult crossing from Europe to South America, lying becalmed in the doldrums — with no land in sight and with the ship’s supply of fresh water dwindling — was a terrible and life-threatening situation.
But history and legend offer us some fascinating insights into the power of our own thinking and belief. Back then no one had yet figured out how to determine longitude, although latitude was easily calculated.
So if you could not see recognisable land, you could only know in what band of latitude you currently were. Exactly where you were in that ring around the earth was, at that time, unknowable.

And so it happened that at times a ship would fetch up off the coast of South America, out of sight of shore, fresh water supplies exhausted and death knocking at the door. Then, with what must have been the sweetest sound those sailors could ever have hoped for, the lookout would suddenly call out that a ship was approaching in the distance.
Once the ship was within hailing distance, the cry went up: “Water! Give us water!”
And the reply would come back, “Lower your buckets over the side.”
You see, although the sailors didn’t know it, they were afloat in a virtual river of drinkable and life-sustaining water flowing from the mouth of the powerful Amazon River, which carries nearly 20 percent of all the earth’s runoff water into the sea with such force that the fresh (or brackish but safe) water flows as far as 100 miles out into the Atlantic.
The sailors, dying of thirst, only THOUGHT they were experiencing lack. The REALITY was that they were afloat in a literal sea of abundance. Exactly what they needed was within their reach the whole time, but the APPEARANCE of scarcity and their BELIEF in that appearance threatened to overpower them.
They could have died — and many certainly did — believing in lack while surrounded by abundance.

Sometimes, it just takes a little optimism, a passion for learning and belief in the generosity of the universe to find the answers in our life.

10 Business Lessons From Ten Outstanding Entrepreneurs

                              What they have taught me:

1. Don’t be afraid of the global market. Persevere and believe that your products are world-class.
2. That a multi-level marketing business, if done the right way, can be successful and sustainable.
3. Give what your market wants, innovate and provide quality products and service at affordable prices and you’ll grow your clientele
4. Find something that’s easy for you and hard for others to do, that’s how you find the right business to go into
5. The best time to start a business is always now. Opportunities are out there, amidst bounty or in spite of crisis
6. No matter where you are, there are business opportunities you can seize. And with proper planning and enough hard work, even the littlest capital can grow a thousand-fold.
7. Before starting the company, he didn’t know anything about the salon industry nor about franchising. His success is proof that with motivation and focus, you can learn and achieve anything.
8. Never underestimate the competitive edge of good customer service. People not only wants value for their money, but also to feel that they’re an important part of your business
9. To be truly successful, an entrepreneur should learn how to provide value to the community. For it is only when you are able to provide value that income opportunities become long-term
10. Social entrepreneurship is for everyone – it is not exclusive to NGO’s and volunteer groups. There is nothing better than having a successful business that helps other people and changes lives.