Rakesh Jhunjhunwala, the renowned Indian stock market investor and businessman's last words

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Rakesh Jhunjhunwala passed away on August 14, 2022, at the age of 62. His last words, as reported by his family and close associates, were: "I am not afraid of death. I am not afraid of life. I am not afraid of anything." These words reflect Rakesh Jhunjhunwala's fearless and optimistic approach to life, which inspired many through his investment philosophy and philanthropic efforts. Jhunjhunwala's legacy continues to inspire investors and entrepreneurs worldwide.

Rakesh Jhunjhunwala, the legendary investor and stock market wizard, left an indelible mark on the world of finance. Born on July 5, 1960, in Mumbai, India, Jhunjhunwala's journey to becoming one of the most successful investors in India's history was marked by his unwavering dedication and unrelenting passion for the stock market.

Early Life and Education

Jhunjhunwala's interest in the stock market began at a young age, thanks to his father's fascination with the subject. His father would often discuss the markets with his friends, and Rakesh would listen intently, learning the ins and outs of the market. He completed his Chartered Accountancy course in 1985 and began working as a stock trader, starting with a modest capital of ₹5,000.

Rise to Fame

Jhunjhunwala's big break came in 1986 when he made a profit of ₹5 lahks. Between 1986 and 1989, he earned a staggering ₹20-25 lakh, cementing his reputation as a stock market wizard. His ability to predict market trends and make savvy investments earned him the nickname "Big Bull of India."

Investment Strategies

Jhunjhunwala's investment philosophy was centred around long-term growth and a deep understanding of the companies he invested in. He believed in buying quality stocks at a low price and holding them for the long haul. His portfolio included iconic companies like Titan, Lupin, and Tata Steel, which he invested in at the right time and reaped significant profits.

Philanthropy

Jhunjhunwala was also a committed philanthropist, donating a significant portion of his wealth to charitable causes. He was the main backer of the Agastya International Foundation, which aims to provide quality education to underprivileged children. His commitment to giving back to society was a testament to his generosity and compassion.

Personal Life

Jhunjhunwala was married to Rekha Jhunjhunwala, and they had three children together. He was a chain smoker and enjoyed watching food shows in his free time. His love for horses and racing was well-documented, and he often visited the Mahalaxmi Race Course in Mumbai during the racing season.

Legacy

Rakesh Jhunjhunwala's legacy extends far beyond his impressive investment portfolio. He inspired a generation of investors and entrepreneurs with his unwavering optimism and unrelenting passion for the stock market. His commitment to philanthropy and giving back to society will be remembered for years to come.

Rakesh Jhunjhunwala, the legendary investor and stock market wizard, made his fortune through a combination of trading and investing. He started with a modest capital of ₹5,000 in 1985 and went on to earn a staggering amount through his savvy investments and trading strategies.

According to his own words, Rakesh Jhunjhunwala's mantra for trading is "Vadhaare vadhaare levanu, ghataare ghataare bechvanu," which translates to "buy when the share is in an uptrend and sell when it's in a downtrend." He believed in buying quality stocks at a low price and holding them for the long haul.

One of his key strategies was to identify fundamentally strong companies with competitive management. He would then invest in them, even if they were expensive, as he believed that if the company continued to perform well, the price would eventually reflect its true value.

Rakesh Jhunjhunwala also believed in being disciplined and having a clear exit strategy. He would set a stop-loss level for each trade and exit the trade if it was hit. This helped him minimize losses and maximize gains.

He also avoided averaging losses, which is a common mistake many traders make. Instead, he would cut his losses quickly and move on to the next trade.

In terms of his investment portfolio, Rakesh Jhunjhunwala held a diverse range of stocks, including Agro Tech Foods, Aptech, Canara Bank, and Titan Company, among others. His portfolio was valued at over ₹46,155 crore at the time of his passing.

Overall, Rakesh Jhunjhunwala's success in the stock market can be attributed to his disciplined approach, his ability to identify quality stocks, and his willingness to take calculated risks. His legacy continues to inspire investors and traders around the world.

Rakesh Jhunjhunwala's Trading Mantra -

Vadhaare vadhaare levanu, ghataare ghataare bechance (buy when the share is in an uptrend and sell when it's in a downtrend) - Identify fundamentally strong companies with competitive management - Invest in quality stocks, even if they're expensive - Set a stop-loss level and exit the trade if it's hit - Avoid averaging losses and cut losses quickly

Rakesh Jhunjhunwala's Investment Portfolio -

Agro Tech Foods - Aptech - Canara Bank - Titan Company - Other diversified stocks

Rakesh Jhunjhunwala's net worth was around ₹45,000 crores at the time of his passing. He started his investment journey with a mere ₹5,000 and went on to become one of India's most successful investors.

As mentioned in a Wikipedia article, Rakesh Jhunjhunwala's net worth stood at $5.8 billion at the time of his death, making him the 438th richest person in the world. His wife, Rekha Jhunjhunwala, was ranked 28th on the Forbes list of India's 100 richest tycoons, with a net worth of $9.3 billion in October 2024.

Rakesh Jhunjhunwala's portfolio was valued at over ₹46,155 crore at the time of his passing. He was known for his disciplined approach to investing, his ability to identify fundamentally strong companies, and his willingness to take calculated risks. He was also a committed philanthropist, donating a significant portion of his wealth to charitable causes.

According to Finology, Rakesh Jhunjhunwala's investment strategy included: -

Investing in fundamentally strong companies with competitive management - Being able to sit through losses during difficult times of the market - Keeping emotions in check - Not investing in companies with inflated valuations - Learning from experience - Not following herd mentality - Looking out for new investing opportunities - Not making hasty decisions - Respecting the markets

These strategies helped him achieve remarkable success in the stock market, and his legacy continues to inspire investors and entrepreneurs around the world.