Saturday, September 17, 2011

RAKESH JHUNJHUNWALA BIOGRAPHY

Rakesh Jhunjhunwala also know as bhaiya ji,great bull,RJ,Indian warrenn buffett among his followers.If Indian stock market is a religion he is God of the Indian stock  market.His predictions and picks are followed by his thousand's of followers.Lets throw some light on how he started .He was son of an Indian Tax officer.
Personal Profile: RJ is a Chartered Accountant.He married in 1987.He has a daughter and two sons.He lives in Malabar Hill.
He started investing in 1989.He persuaded a lady who was getting 10% interest in bank deposits.He said that he will give her 18% interest.She asked for security.He replied he will be able to give within 15 days.So finally,he managed to get Rs.2.5 lakhs from the lady.
In 1989, he bought 500 shares of Tata Power at Rs.150 bcoz yeild was higher than interest and benefit of Electricity Act. He made money in the stock.Then one of his friend introduced him to Sesa Goa. He bought 2.5 lakh shares at Rs.27 and then another 2.5 lakh shares at 36-37, which he sold it off at Rs.65.
On 1992 budget day,he went long,at the same time he was short on certain scrips.He doubled his positions after the budget.Everyone was bearish except RJ. He sold ACC at 3500 which went all the way till 10,000..thats where he realised that psychology plays an important role in investing.

He believes in Diversification within concentration.He increase his holdings after reviewing the situation.
He is influenced most by Dr.Marc Faber,Buffet. He says the investing qualities are similar to that of Faber.
When asked about the value of his portfolio holdings,he said," If you can count the money you have,you dont have enough"

, . His privately owned stock trading firm Rare Enterprises, derives its name from the first two initials of his name and wife Rekha's name.
Under the guidance of Mr Radhakrishna Damani, he made a lot of money shorting stocks at the time of Harshad Mehta scam post 1992.
"My decision to aggressively invest in the asset class of Indian equities at the right time was a very important determinant of my success,” said Rakesh Jhunjhunwala.
Jhunjhunwala's portfolio of stocks is tracked religiously.  analysis.  He acknowledges that it was 'trading' income which helped him built his initial capital base and continues to remain an active trader .
"I still eat, sleep and live markets," says Rakesh .Even in his initial days he would give his 16 hours of the day in reading and studying about stocks. He currently owns RARE Enterprises.He is currently buying Delta Corp and owns 3.6% of the company.Rakesh Jhunjhunwala lives in Malabar hill.
I am posting all videos available about him . 

A SUMMARY ON HIS LIFE JOURNEY


RAKESH JI WITH PRIYANKA CHOPRA 


THE MARKET MAKERS RAKESH JHUNJHUNWALA




RAKESH JHUNJHUNWALA IN FLAME INSTITUTE
RAKESH JHUNJHUNWALA WITH RAMESH DAMANI

No comments:

Post a Comment