Just think of investing in the Indian stock markets, and the first name that clicks our mind is Rakesh Jhunjhunwala. All the investors follow this axiom "look before you leap", when they consider Rakesh Jhunjhunwala's view on a particular stock before entering into it. This is the sole reason why Rakesh Jhunjhunwala is called as the Guru investor of the Indian stock markets. He is one of the highly acclaimed and most respected equity investors in India. He manages his own investor portfolio whi... more >>
ch is purely based on the fundamental analysis and value investing strategies. Rather Rakesh Jhunjhunwala and Value investing can be used as synonyms. Rakesh Jhunjhunwala portfolio includes the low price tagged & unloved small-cap and mid-cap stocks from the scrap by recognizing its true worth for his long term investments. For this quality of his, he is often called as Warren Buffett of India. Rakesh Jhunjhunwala?s portfolio is published in the newspapers or announced on the televisions. Sometimes he himself shares his stock picks or any changes in his holdings through media. Value investors in India aspire to be like Rakesh Jhunjhunwala and regard him as the value investing guru. On the contrary he considers Mr Radhakrishna Damani as his guru (mentor) and a best friend. Our very own Bear, Mr Shankar Sharma, the managing director of first global and the biggest rival of the Bull, Rakesh Jhunjhunwala introduces him as a classic bottom-up stock picker, who gets into companies with strong managements and/or compelling long-term stories and then holds them through market cycles. Further he says, "I can't see too many flaws in his make-up as a long-term investor." Rakesh Jhunjhunwala says his fascination with balance sheets began young. "Since childhood I had love for stocks,"he says. His father was an ITO and invested a bit in the stock markets and discussed his holdings with him. Rakesh jhunjhunwala further says,"I was a very curious child, so was always quizzing my dad." He said,"Instead of quizzing me all the time, why don't you find out yourself." This was the beginning of Rakesh Jhunjhunwala's journey into the real stock markets soon after he graduated from the Sydneham College. He is a Chartered Accountant by qualification and investor by profession, one of the very few successful persons who could make their hobby, their profession! He entered the market in 1984, aged 25, with a 5,000-rupee investment in the iron-ore exporter Sesa Goa. Just three years later, those 5000 bugs turned into 10 million rupees. For this Rakesh Jhunjhunwala also shares the title "sage of omaha". With the experience of not more than 25 years in the stock market, he started his own entity named Rare Enterprises at Nariman Point, Mumbai. As a tribute to all his investment gurus, the walls in his office bear line drawings of Mr. Warren Buffet, George Soros, John templeton, Peter Lynch and many more. Currently he is India's 45th richest man holding nearly 1.2 billion $. As a part of his duty towards his society, one fourth of the dividend received through Rakesh Jhunjhunwala holdings will be donated to the charity during his. He assures $ 1 billion by 2020. Rakesh Jhunjhunwala also offers his helping hand to Agastya International Foundation and the State Of Philanthropy In India periodically.
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