Rakesh Jhunjhunwala started in the stock market with Rs 5000.

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Started with just Rs 5000

Rakesh Jhunjhunwala did not start in the stock market with lakhs of crores of rupees. You will be surprised to know that he entered the market with just Rs 5,000. It is about the year 1985. Then the Sensex of BSE was close to 150 points. In those days people understood very little about the stock market. Common people had the impression that it is speculative. At that time the market was not as regulated as it is today. Investment options were very limited. People’s trust was only on bank FD etc. At that time Rakesh Jhunjhunwala entered Dalal Street. He had Rs 5,000 to invest. He used to come from a middle class family.

Can’t predict weather, death and market

Can't predict weather, death and market

Jhunjhunwala often advised investors to avoid speculation and do due diligence about stocks. He preferred long term investment rather than trading. Jhunjhanwala used to say that no one can predict weather, death and market.

Used to ask tough questions to the management of companies

Used to ask tough questions to the management of companies

Investors were watching Jhunjhunwala’s every move regarding the stocks included in his portfolio. It is a different matter that some of Jhunjhunwala’s investments in the infrastructure sector did not prove to be very effective, but the rest of his shares kept compensating for this. However, as an investor, Jhunjhunwala used to take a tough stand even when companies did not perform as expected. He did not shy away from asking tough questions to the management of these companies.

Jhunjhunwala had a cheeky style

Jhunjhunwala had a cheeky style

Talking openly and cheeky style was the specialty of Jhunjhunwala. Unlike other stock investors, he has not shied away from making his presence public. He openly participated in many conferences. He used to openly express his opinion on activities outside the market. His views on many issues coincided with the stand of the ruling government. Once Prime Minister Narendra Modi had also come to meet him.

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