The Bull of all Seasons: Rakesh Jhunjhunwala

 The Bull of all Seasons: Rakesh Jhunjhunwala

Raamdeo Agrawal of Motilal Oswal Financial Services notes that one of his best qualities was his desire for others, including his friends and the general public, to succeed financially.

The first thing that springs to me when I hear the name Rakesh Jhunjhunwala is his love for India, the markets, his friends, and life in general. Regardless of how you try to sum him up, Rakesh was more than simply a person. He had a very distinct personality.

Rakesh was a fervent supporter of the "India tale" and an India bhakt (worshiper). Those who spoke negatively about India would face his wrath. He was a great believer and storyteller of India. But most importantly, he was a great person.
He wanted his friends and the general public to succeed financially, which was one of his best qualities. He had no interest in television interviews, therefore for this reason he was constantly in the news. To assist others in making money, he would deviate from his own standards.

That was the man's character.

He had a charitable heart and had always believed that 25–30% of his income should be donated to charity. Since 1988, when I first got to know him, I have witnessed his unwavering commitment to India, equities, and the state of the market. He insisted that being correct is more important than making money every time. He always had a strong belief in making predictions about businesses, the economy, and the entire world. Consequently, he was also an economist to some extent.

Rakesh had a keen understanding of the market. He was virtually a clairvoyant when it came to projecting a company's trajectory because he was always so far ahead of the curve in the stock he had bet on thanks to his thorough study. He was aware that it was written on the wall. He would disclose his investments and be courageous.

Rakesh would reveal his positions without hesitation, unlike many others. He always disclosed the stocks he purchased, the quantity, the cost, and the rationale for his decision. He therefore invested his own money, making him a private investor in that sense. The degree of risk he took and the level of conviction he brought to the table were also motivated by this.

I recall him making a very firm decision to purchase Titan around 2002 or 2003. He had a strong affinity for the Tata Group of companies. Titan was a 2002–2003 investment wager. A certain broker was looking to sell 25–50 lakh shares. And he discovered a buyer in him; he was constantly looking for a deal. He might not have known then what the stock could develop into. All he knew was that he was getting a great deal on a high-quality business. Since then, he has continued to advance in rank as one accomplishment has led to another.

I think Rakesh possessed a sixth sense or some kind of clairvoyance. And even though we were criminal partners in the sense that we were both bulls, I would argue that he was far ahead of the pack in the "Bull race." Rakesh Jhunjhunwala was the only "Big Bull" on a scale of one to one hundred, and all other bulls would follow in his footsteps.

Rakesh constantly attempted to aid his friends, which is why he has received so many blessings from them. His pals could always approach him for anything, whether they needed money or advice. He became prolific as a result. Both as a leader and a professional accountant, he excelled.

The Bull of all Seasons: Rakesh Jhunjhunwala

Rakesh was the Perma bull and a fantastic deal seeker. He had a great feel of tops and bottoms because he was familiar with the majority of Indian companies (and when to buy and sell a stock).

In order to carry on Rakesh Jhunjhunwala's legacy, one should have faith in India's history, hunt for deals, and then take advantage of such deals.

I believe that his most recent wager, Akasa Air, is the best deal ever. He got the plane for such a wonderful price. The foundation of the business will be this agreement, coupled with the equity provided by him and his buddies. Of course, he didn't always get a good deal, and he had to pay a price for it. The good ones, though, were a thousand times superior.

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