저자: 미상 · 외국인
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인도 투자자 라케시 준준왈라의 생애와 투자 원칙을 소개하며 1985년 5천 루피에서 400억 루피 자산 형성 과정, Tata Tea·Titan 등 대표 매매 사례, 2008·2020년 폭락 시 역발상 매수, 실패 사례와 자기 원칙을 설명. 마지막에 자동화 매매 도구 AlgoCrab을 홍보하며 감정 배제 시스템 매매를 권장.
다듬은 글
Let's get straight to the point. In today's special discussion, we are going to talk about the amazing journey of India's Big Bull, Rakesh Jhunjhunwala, which changed the history of Dalal Street. We will not only understand his historic achievements but also uncover the failures that kept him grounded till the end.
Just imagine the noise of Bombay Stock Exchange in the year 1985 and how much capital was there in the pocket, only ₹5000. This story did not start from any rich family but with these ₹5000 borrowed from friends and then what happened was no less than a miracle. Just imagine, that small amount of Rs 5000 grew into an empire worth more than ₹400 crores.
Absolutely ₹400 crore, this is not the script of any Hollywood movie. This is solid reality. So let's finally see where the dream of ₹5000 and its middle class origin began ? He spent his childhood as the son of an Income Tax officer in a very ordinary house in Mumbai. There was no business background whatsoever in the house.
But there were daily discussions at the dinner table about the stock market and ownership of companies. That's where I got bitten by the investing bug. The family was adamant that studies should be completed. So he first did chartered accountancy. But my mind was set only on Dalal Street. But when he asked his father for permission to trade, he was given a strict condition which changed everything.
Father clearly said, earn your own money. Do n't ask me for even ₹1. Yes. And because of this strict condition, the young man had to borrow the initial ₹5,000 from his friends. Now from here begins his first big breakthrough and first taste of success. The notes did not start getting printed as soon as they came into the market.
There were huge losses in the beginning which he happily accepted as the tuition fee of the market. But the real game changed when his eyes fell on Tata Tea. He noticed the improving political situation in Assam and understood that it would definitely impact tea production. Bought shares for just ₹43 and in just 3 months they became worth ₹143.
Straight triple returns: This was the moment when he became convinced that his analysis was absolutely solid and then came the year 1989. The fear of general elections was spreading panic in the entire market. But this was his master stroke. He completely ignored this fear. Had full faith in India's long term growth story and bet on Sesagua.
As a result, an investment of Rs 5 lakh became Rs 25 lakh in no time. From here the name of Rakesh Jhunjhunwala started resonating in the market. But let's talk about the legacy trade that immortalized him forever. The Titan Master Stroke. In 2002, all the analysts in the market were shouting that Titan, a struggling watch and jewellery company, would not be able to compete with traditional jewellers.
But he had full faith in India's growing middle class. He started buying shares at a price of around ₹3 and later those shares crossed ₹2500. 800 times return. Wow! This trade is a living example of his unwavering patience. People made fun of it. The market crashed several times but he held his position for decades.
He believed that he had so much conviction about Titan that he slept peacefully at night. But wait a second. It's not like the journey was always green. He learned a lot even from his failures and this was his biggest strength. Often we forget our failures while looking at our success. But he always openly admitted that he suffered huge losses in many positions like Aptech, Geometric Software and Nagarjuna Construction.
And during the 2008 financial crisis, his portfolio lost $1 billion. Yes, there was a massive blow of up to $1 billion. But this is the difference between a common investor and a big bull. His idea was simple. Accept the loss. Consider it as a fee for learning and leave your ego outside the door. He was right in saying that nothing would be gained by crying.
Correct the mistake and just move on. His contrarian mindset shines through throughout this journey. Just consider that when ordinary retail investors were selling their shares out of fear during the 2008 and 2020 Covid crashes, he bought heavily amid the global pandemic. His philosophy was to buy in fear and sell in greed.
Now let us come to his last flight. Aakash Air and his last dream. Despite his declining health, his passion for the market and new construction never waned. On one hand, dialysis was going on due to kidney problems. Nevertheless, he launched a new affordable airline, Akasa Air. On August 7, sitting in a wheelchair, he happily watched its first commercial flight and exactly a week later, on August 14, at the age of 62, he said goodbye to this world.
But look at the impact of his departure. 1 minute silence was observed in BSE. He remained the top trend on Twitter throughout the day. The plight of common investors in India clearly showed that he was truly the people's trader. He gave courage to every common family who dreamed of doing something big in the stock market.
So what can we and future generations learn from this amazing journey ? Let's take a look at some of his golden rules. This is the rule he followed throughout his life. First of all, have faith in the growth story of the country. Second, do your own research. Third, make patience your biggest weapon.
Fourth, accept losses without ego and last but not the least, have a life outside the market. Living it with family and friends and maintaining balance. So the most important thing that comes out is that his huge success was not an overnight magic. This was decades of discipline, process and logic. There was a clear thesis behind every trade.
Where there was zero entry of emotions. And in today's modern era, new investors can systematically apply this manual discipline to their trades through modern automated tools like AlgoCrab. And concluding this particular discussion, a very profound thought emerges. The next time panic grips the markets, will future generations rely on human emotions and fear, or on unshakable discipline and automated logic?
Because in the times to come, when just being smart will not be enough, then real wealth can be created through such systems and processes. Just think about this.
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