This person turned ₹5,000 to ₹47,560 CRORES in his 37 years of investing career
The BIG BULL of Indian markets who made 64% CAGR
Let's take inspiration from the story & principles of a common man who made it big at Dalal Street
CA Rakesh Jhunjhunwala. A thread🧵👇
The BIG BULL of Indian markets who made 64% CAGR
Let's take inspiration from the story & principles of a common man who made it big at Dalal Street
CA Rakesh Jhunjhunwala. A thread🧵👇
[1] Early life
🔸 Born: 5th July, 1960
🔸 Grew up in a middle-class Rajasthani Marwari family in Mumbai
🔸Father was an Income-tax commissioner
🔸Studied in Sydenham college of Mumbai
🔸Qualified as a Chartered Accountant (CA) after that
🔸 Born: 5th July, 1960
🔸 Grew up in a middle-class Rajasthani Marwari family in Mumbai
🔸Father was an Income-tax commissioner
🔸Studied in Sydenham college of Mumbai
🔸Qualified as a Chartered Accountant (CA) after that
![[1] Early life
🔸 Born: 5th July, 1960
🔸 Grew up in a middle-class Rajasthani Marwari family in Mum...](https://pbs.twimg.com/media/FtLqItEX0AIhpIy.jpg)
[2] Starting of Investment career
🔸Interest in markets arouse as his father used to speak about stock markets with his friends
🔸Saved ₹5,000 during college days to start his investing journey in 1985
🔸Elder brother was a practicing CA and helped him get clients
🔸Interest in markets arouse as his father used to speak about stock markets with his friends
🔸Saved ₹5,000 during college days to start his investing journey in 1985
🔸Elder brother was a practicing CA and helped him get clients
![[2] Starting of Investment career
🔸Interest in markets arouse as his father used to speak about sto...](https://pbs.twimg.com/media/FtLqPyyWIAAaUGC.jpg)
[3] First few bets
🔸Tata Tea: Rose from ₹43 apiece to ₹143 apiece in just 3 months of buying
🔸In the next three years, got him gains worth ~₹25 lakh which was his first big profit
🔸Net worth touched ₹1 Crore in the year 1988
🔸Tata Tea: Rose from ₹43 apiece to ₹143 apiece in just 3 months of buying
🔸In the next three years, got him gains worth ~₹25 lakh which was his first big profit
🔸Net worth touched ₹1 Crore in the year 1988
![[3] First few bets
🔸Tata Tea: Rose from ₹43 apiece to ₹143 apiece in just 3 months of buying
🔸In t...](https://pbs.twimg.com/media/FtLqWhPXgAEItND.jpg)
[4] Harshad Mehta Scam days (1990-92)
🔸As shown in the web series, Rakesh Jhunjhunwala was a part of the bear cartel with Manu Mundhra and now Dmart founder Radhakishan Damani
🔸Made money by shorting stocks
🔸Networth soared to ₹200 Crores in 1993 🤯📈
🔸As shown in the web series, Rakesh Jhunjhunwala was a part of the bear cartel with Manu Mundhra and now Dmart founder Radhakishan Damani
🔸Made money by shorting stocks
🔸Networth soared to ₹200 Crores in 1993 🤯📈
![[4] Harshad Mehta Scam days (1990-92)
🔸As shown in the web series, Rakesh Jhunjhunwala was a part o...](https://pbs.twimg.com/media/FtLqeMuWcAEeP4Z.jpg)
[5] Post '93 era
🔸After having made huge gains from shorting stocks, he resorted to value investing and made huge gains in various scrips like:
👉TITAN (700x),
👉Karur Vysya Bank,
👉CRISIL etc.
🔸Invested in various unlisted cos and movies like Ki & Ka, English Vinglish
🔸After having made huge gains from shorting stocks, he resorted to value investing and made huge gains in various scrips like:
👉TITAN (700x),
👉Karur Vysya Bank,
👉CRISIL etc.
🔸Invested in various unlisted cos and movies like Ki & Ka, English Vinglish
![[5] Post '93 era
🔸After having made huge gains from shorting stocks, he resorted to value investing...](https://pbs.twimg.com/media/FtLqoIQWYAEvkcd.jpg)
[6] His networth
🔸By his death, as per Forbes estimates his net worth was around ₹47,560 CRORES ($5.8 Bn)
🔸How his networth increased over the years? Follow till the end of this thread
🔸Let us first understand his principles of investing :)
Keep reading👇👇
🔸By his death, as per Forbes estimates his net worth was around ₹47,560 CRORES ($5.8 Bn)
🔸How his networth increased over the years? Follow till the end of this thread
🔸Let us first understand his principles of investing :)
Keep reading👇👇
Principle 1: Build a fighting spirit
Rakesh Jhunjhunwala was found suggesting investors on various platforms that one should
“Build a fighting spirit -- take the bad with the good."
Rakesh Jhunjhunwala was found suggesting investors on various platforms that one should
“Build a fighting spirit -- take the bad with the good."
2. Respect the market
Rakesh Jhunjhunwala used to say that:
🔸Respect the market
🔸Have an open mind
🔸Know what to stake
🔸Know when to take a loss
🔸Be responsible
Rakesh Jhunjhunwala used to say that:
🔸Respect the market
🔸Have an open mind
🔸Know what to stake
🔸Know when to take a loss
🔸Be responsible
3. Be ready for losses
Big Bull used to say,
"Prepare for losses. Losses are part and parcel of stock market investor life."
Rakesh Jhunjhunwala lost ₹178 Crores in DHFL after a fraud uncovered
Big Bull used to say,
"Prepare for losses. Losses are part and parcel of stock market investor life."
Rakesh Jhunjhunwala lost ₹178 Crores in DHFL after a fraud uncovered
4. Homework before investment
Rakesh Jhunjhunwala used to say quite often,
"Never invest at unreasonable valuations.
Never run for companies which are in limelight."
Rakesh Jhunjhunwala used to say quite often,
"Never invest at unreasonable valuations.
Never run for companies which are in limelight."
5. Be Bold
Rakesh Jhunjhunwala strongly believed that
“Whatever you can do or dream you can, begin it.
Boldness has genius, power and magic in it."
Rakesh Jhunjhunwala strongly believed that
“Whatever you can do or dream you can, begin it.
Boldness has genius, power and magic in it."
[7] Big Bull's net-worth over the yrs
🔸1988- ₹1 crore
🔸1993- ₹200 crore
🔸2002- ₹250 crore
🔸2013- $1.3Bn
🔸2014- $1.2Bn
🔸2015- $2.1Bn
🔸2016- $1.8Bn
🔸2017- $2.2Bn
🔸2018- $3Bn
🔸2019- $2.8Bn
🔸2020- $1.9Bn
🔸2021- $4.3Bn
🔸2022- $5.8Bn
On 14th Aug'22, he left us
🔸1988- ₹1 crore
🔸1993- ₹200 crore
🔸2002- ₹250 crore
🔸2013- $1.3Bn
🔸2014- $1.2Bn
🔸2015- $2.1Bn
🔸2016- $1.8Bn
🔸2017- $2.2Bn
🔸2018- $3Bn
🔸2019- $2.8Bn
🔸2020- $1.9Bn
🔸2021- $4.3Bn
🔸2022- $5.8Bn
On 14th Aug'22, he left us
![[7] Big Bull's net-worth over the yrs
🔸1988- ₹1 crore
🔸1993- ₹200 crore
🔸2002- ₹250 crore
🔸2013- $1...](https://pbs.twimg.com/media/FtLrjy-XsAEHN24.jpg)
Agree or not, he's the reason somewhere we all are investing in capital markets today :)
I remember watching him for the first time on TV
I asked my Dad, "Who is he?"
Dad: "Ye India ka Warren Buffett hai"
How did you hear about RJ sir for the 1st time?
I remember watching him for the first time on TV
I asked my Dad, "Who is he?"
Dad: "Ye India ka Warren Buffett hai"
How did you hear about RJ sir for the 1st time?
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👉Investing
Go to my profile and hit the bell icon🔔 to always stay updated
Share this with your family/friends to inspire them!
Now.
I have to tell you that writing regularly for you needs me to:
👉Leave my job (done already✅)
👉Spending my money on research
👉Utilising my time on writing instead of doing business
So, please hit the retweet button on the first tweet👇
I have to tell you that writing regularly for you needs me to:
👉Leave my job (done already✅)
👉Spending my money on research
👉Utilising my time on writing instead of doing business
So, please hit the retweet button on the first tweet👇
Check out the latest book on the Big Bull's life by @aditya_kondawar, @ActusDei and @apri_sharma
amazon.in
amazon.in
The goal is simple!
To make India a financially literate nation.
Stay connected to read something daily from me :)
Jai Hind🇮🇳
To make India a financially literate nation.
Stay connected to read something daily from me :)
Jai Hind🇮🇳
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