Saturday, December 3, 2022

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Rakesh Jhunjhunwala: When stock market bull predicted own death

Rakesh Jhunjhunwala Death: There was a program of the Confederation of Indian Industry (CII) in Delhi about 6 months ago. Veteran investor Rakesh Jhunjhunwala had rather fatefully made a philosophical prediction about his death.

The prediction was that no one can make accurate predictions about three ‘M’s. These three ‘M’s were the weather, death and the market (mausam, maut and market). Today suddenly the news of Rakesh Jhunjhunwala’s death came. The legendary investor left everyone stunned by making his own prediction come true 6 months later.

‘Weather, Death, Market and Women… Hard to say anything’

In February this year, Rakesh Jhunjhunwala said in a CII program that no one can predict the weather, death and market. No one can say when the weather changes, when death will come and when the market will change. By the way, Jhunjhunwala also talked about another ‘M’ in the program about which no one can predict. She was the ‘woman’. That is, one cannot make predictions about ‘weather, death, market and women’.

‘There is no stock market king, those who thought themselves to be king, reached jail’

During the program, Rakesh Jhunjhunwala said that there is no king of the stock market. Those who considered themselves kings reached Arthur Road Jail. He said that no one can foretell about the weather, death, market and women.

“The market is like a woman, always influential, mysterious, uncertain and fragile. You can never dominate a woman and likewise you can never dominate the market,” said the veteran investor.

 

Rakesh Jhunjhunwala founded an empire of billions with an investment of Rs 5,000

Rakesh Jhunjhunwala was born on July 5, 1960 in Mumbai. His father was an officer in the Income Tax Department and used to invest in the stock market. From there he started to invest money in the stock market.

Jhunjhunwala first entered the stock market in 1985. He invested 5 thousand rupees and made his first profit in 1986. He bought Tata Tea shares at Rs 43 and sold them after three months at Rs 143 per share. After that he never looked back. Whatever happened after that will be written in golden letters on the pages of the Indian share market.

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