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Have you ever imagined the son of a middle class chartered accountant who had only ₹5000. How he became India's biggest investor, The Big Bull of the Red Street. He never had money but he had vision. A visor who changed the Indian market. This is the story of a man who turned risk into religion and patience into power.
Hello friends, you're watching Booked Investor where we learn from the world's most successful investors and financial books the real psychology of wealth and the secrets of growth. The name of the book we are going to talk about today is The Big Bull of the Lal Street. The writers are Neel Borate, Aparajita Sharma and Aditya Kondawar.
This book tells how Rakesh Jhunjhunwala turned a small investment into billions of wealth and what was the thinking that made him the Big Bull of India. When Rakesh Jhunjhunwala came into the market, people used to say that the stock market is gambling. Everyone was afraid. No one believed it. But he said if India grows, the stock market will also grow.
He considered every fall as an opportunity. Turn every loss into a lesson and every fear into the strength for your next step. This thinking makes him different from others. So friends, in the next 15 minutes we are going to learn Rakesh Jhunjhunwana's five big investment strategies. The psychology behind his success and the mistakes from which he learned the most expensive lessons.
You will know how he recognized the future of India. How a falling stock became a gold mine for him and why he said that the market always teaches, it just needs someone to listen So friends let's start from Chapter One Starting from zero when everyone was scared, he was buying This was the time when a small investment was making Rakesh Jhunjhunwala the Big Bull of Dalal Street Chapter One The story started from ₹5000 The year was 1985 A young man was sitting in a small flat in Mumbai .
The name was Rakesh Jhunjhunwala. Father a government officer. The family is simple but the dreams in the eyes are very big. I had passed Chartered Accountancy but my mind was not in the account books but in the heartbeat of the share market. Every morning he would look at the stock price table in the newspaper and wonder why people are afraid of this market?
The son said, share market is gambling, son. People lose money there. But Rakesh smiled and said, "If everyone runs away in fear, then who will earn money?" He had only ₹5,000. No backup, no big godfather, just confidence. He bought some shares of Tata Tea. The price doubled in just a few months. That means the first profit and from there the journey of Big Bull started.
Rakesh Jhunjhunwala understood one thing that day. To make money in the market , the courage to think is more important than money. While others fear a downturn , true investors see the future in the downturn. He [Sangeet] said, it is not wrong to take risks, it is wrong to take risks without understanding.
This thinking makes him different from others. He quickly recognized India's development journey. The middle class will grow, consumption will increase and only those who trust India will become rich. Moral of the Chapter Every great investor starts with small money. But the real capital is confidence and vision.
And now the story moves towards 1989. When Rakesh Jhunjhunwala learned the real rules of the market game for the first time . Where patience, not profit, was the biggest weapon. Let's move on to Chapter Two: The Harshad Mehta Scam: Toota Par Jhunjhun Wala Nahi. Chapter Two scam broke but not the rattling one.
The year was 1992. India's biggest stock market scam came to light. Harshad Mehta Scam. There was an uproar in the entire country. People withdrew their money. Dalal Street had become a ghost street. Same voice everywhere The stock market is over. Broker office empty, investors silent. But a voice was echoing among the same crowd.
Now they are available cheaply. Now is the time to buy . He was Rakesh Jhunjhunwala. While everyone was selling, Kamli was making his notes. He knew that the market had fallen but it was not over. He bought into falling stocks. Companies like Titan, Chrysler, Lupin, Praj Industries which no one wanted to see at that time.
Gradually, as the years changed, the market recovered and those same shares changed his fortunes. Within a few years, those companies became the foundation of his portfolio. Rakesh Jhunjhunwala later said, buy when everyone is scared. Sell when everyone is greedy. This was his biggest investment mantra.
Contrarian Thinking Moral of Chapter Two Every crash is a test . This is the end for those who are afraid, but this is the beginning for the wise. Now the story moves to the point where Jhunjhunwala made his most memorable move. A decision that made him the Big Bull. Let's go Chapter 38 Market Crash Chapter 3 208 Market Crash When everyone was selling, he was buying The year was 208 The world's biggest economic disaster Global Financial Crisis The economy of every country from America to Asia was shaken.
The Sensex was falling. Investors' portfolios were cut in half . Many people became bankrupt. There was continuous news on TV about market crash investors panicking, there was fear everywhere and only one question is whether the market is over forever now but at the same time in his office in Malabar Hill, Mumbai, Rakesh Jhunjhunwala was smiling in front of his monitor .
His portfolio had fallen by 50%. There was a loss of several crores. But he said the market has fallen, not me. The people working with him were nervous. Sir sell it. He said I am a buyer, not a seller. He bought the same companies again. Titan, Chrysler, Lupin, Paj were trusted companies whose businesses were strong.
In the next 2 years, the market recovered and the stocks which everyone had abandoned started touching the sky again. Rakesh Jhunjhunwala's portfolio reaches record levels again. He once said whoever gets scared in the crash is out of the game. But the one who stayed bought the future. That was his investing rule.
Be Greedy When Others Are Fearful. That means, when everyone is running away, only then real investors are born. After 208, he told his investors, every fall gives you two things. It's up to you to choose either opportunity or fear. He called the market a teacher. The market teaches every day. You just need to have the habit of learning.
Every fall is a chance. The question is not whether the market will fall or not? The question is, will you survive or not? Because a true investor is one who buys with patience and not panic. And this patience took him to the next destination. Where he invested not only in stocks but also in India's future and the aviation sky .
In the following story, we will learn how a billionaire made papas his new goal, not profit, and gave birth to a dream like Akasa Air. Chapter Four Trading and Investing Two Aspects One Thought. Many people think that Rakesh Jhunjhunwala was a long term investor but few people know that he was also a great trader .
His trading desk was set up before 9:00 am. A cup of tea, newspaper headlines and a quiet room in which he would read the mood of the market. He had said that trading is a daily practice for me. Investing is my sadhana. He used to generate cash flow through trading so that he could take advantage of short-term market movements.
But he built his empire through investing. Like Titan, Chrysal, Lupin, Aptec which they held onto for years . In 2003, he made several intraday trades. Small profits in banking stocks but at the same time left Titan and Lupin untouched. It was said that there is excitement in the short term but peace in the long term.
A journalist once asked, "Which do you enjoy more, trading or investing ?" He smiled and said that trading gives a thrill. Peace of mind from investing. And that was his balance. Act with logic, not emotions. Because both had their own purposes. Moral of the chapter: Trading teaches timing, investing teaches patience.
And both of them together teach that you will make money in the market only when you understand yourself. And now the next part of the story is even more [musically] interesting. When Jhunjhunwala thought of moving beyond earning money to earning purpose. That was the period when he invested in Star Health and Akasa Air.
One was a symbol of health. Second, India's dream of flying. Let's move ahead. From profit to purpose, Jhunjhunwala's final journey. Chapter Five Mind Over Market. Jhunjhunwala's discipline. Every morning the sea was visible from his office in Malabar Hill. The outside world was noisy. The market was about to open.
Flashing headlines on TV. Sensex is about to fall. FIIs are selling but there was peace inside. Rakesh Jhunjhunwala was sitting with a cup of tea . Newspaper in front, pen in hand and a smile. Because for him the day started with the mind and not with the market. He said if your mind is in fear, even the best company will make you lose .
His first rule was to keep the emotions out. Greed and fear are both poison in the market. He never sold in panic and never bought in overconfidence. The market would fall many times. People were shouting on their phones. Sell it, sell it. But the rattlers would sit quietly. He says listen to the numbers, not the noise.
He used to take every decision based on data. Not by feeling. Every day in the market was a meditation for him. His second rule was don't over trade. He used to say that it is not necessary to catch fish every day. Give the lake a break sometimes. The market rewards those with patience. Not for those in a hurry.
In an interview it was asked that you handle such a big portfolio yet you do not panic. He laughed and said because I cannot control the market but I can control myself. To win in the market, you first have to win your mind. Forget the charts, the news, the experts. If there is no discipline, the profit will not last.
And perhaps because of this discipline, till his last days he considered the market not a game but a teacher [of music]. The story now reaches its final lesson. Where Jhunjhunwala left behind not just money but faith in India . Let's move on to the final chapter, Believe in India. Where Big Bull's last smile became an inspiration for every Indian investor.
Chapter Six Believe in India. Jhunjhunwala's last lesson. The year was 2022. Rakesh Jhunjhunwala had now become the most talked about investor in the country. People used to call him Warren Buffett of India. But he would always smile and say, I am not Buffett, I am Jhunjhunwala. Now his life was not limited to just stocks.
He saw a new dream. Akasa Air. People were surprised. Why an airline at this age? He calmly said, I want to give wings to the middle class of India. Profit will come later Progress first. It was this thinking that transformed him from Big Bull to Bharat Bull. Even in his last days, he would answer every question with a smile.
Someone asked, Sir, what else do you want now? He said I don't want anything. I am happy that I was born in India. I invested in India and am leaving with confidence in India . A few weeks after his death, Akasa Air 's first flight took to the skies . He himself was not there that day but his vision was flying in every take off.
An India that is not afraid to fly. Final Moral and Legacy. The story of Rakesh Jhunjhunwala is not just about the stock market, it is a story of faith, patience and belief in India. He taught the market can beat you. But if you have faith then life can never defeat you. So friends, if you also want to invest in your dreams today , then remember that earning money is easy but building trust is real wealth.
This was the immortal story of Rakesh Jhunjhunwala from The Big Bull of Dal Street . If you have seen this far then you are also a part of that thinking which has faith in India. The story does not end here because Rakesh Jhunjhunwala's thinking was not limited to one person. That was an idea that is alive in the hearts of every Indian investor today.
He taught us that making money is an art but building trust is a practice . The market does n't just show numbers, it introduces us to ourselves . When are we afraid? When do we get greedy and when do we remain patient? The biggest rule of Jhunjhunwala's life was that if you cannot understand the market then first understand yourself and this rule applies to every person even to the smallest extent.
Money doesn't grow unless thinking grows . He also said that wealth is created by money. It's created by Conviction. He used to search for just one thing in the market every day. The occasion where people saw the drop , they would say, this is a sale going on. This mindset makes him a Big Bull and this mindset can make any common man a real investor.
And friends, the real benefit of this story is not just to understand Jhunjhunwala's journey but to find Jhunjhunwala in your own journey. Because there's a little Big Bull hidden inside everyone. Which awakens when we leave fear at the door and enter with confidence. So the purchase link of The Big Bull of the Red Street is given in the bio.
Read from there and know for yourself how one man's thinking changed the investment culture of entire India. If this story makes you think about something. If you felt even one line from your heart then become a part of this journey. Subscribe Booked Investor. Where every week we bring you real stories about markets, money and mindset.
And in the next video, we'll meet another person who not only achieved success but also turned it into a system. The Mukesh Ambani Way. Where business becomes a science and vision an empire. Until then, remember to invest in trust, not fear. Because there is a Big Bull hidden inside every Indian. India Booked Investor
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