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There have been many super investor shows in our videos, but the super investor we are going to know about today is the super investor of all super investors. He is also called the Varun Buffett of India and the wealth he has built cannot be imagined by you and me. He has built so much wealth only and only through the stock market and not only this, he is also called the Big Bull of India.
Yes, I am talking about Rakesh Jhunjhunwala. Today Rakesh ji is no more among us, but today in our video we will know in detail how he did money management, how he did stock picking, how he built wealth, we will know all these things in this video today, so let's start. Rakesh Jhunjhunwala was born on 5th July 1960 in a Rajasthani Marwari family.
Friends, his surname Jhunjhunwala was derived from his ancestor from Rajasthan, but Rakesh ji was actually born in Hyderabad, not Rajasthan. So Rakesh ji was born and brought up in Hyderabad, his graduation took place in Hyderabad. He completed his education from Simon College and then enrolled in the Institution of Chartered Accountants of India for his further studies.
When did Rakesh develop this interest in the stock market? Rakesh often listened to his father's discussions about the stock market. When he started listening to these talks, he started getting interested and excited as to what the stock market is all about. He went to his father and asked, "Dad, why do the stock market prices fluctuate?" His father said, "Son, read the newspaper, you will know why the stock market rates fluctuate." When Rakesh started reading the newspaper, his interest grew.
He told his father that he wanted to pursue a career in the stock market, but his father flatly refused, saying, " Son, finish your studies, finish your graduation, after that you can do any career in the stock market, but do it for a safer side. This is a basic Indian mentality. You all know that our parents used to say, 'First you Son, finish your studies and then think about your future.
So, in 1985, Rakesh graduated as a Chartered Accountant from Savan College. As soon as he completed his graduation, he set his career and goals in the stock market and remained completely focused on the stock market. As soon as he decided that he would do the stock market, he went to his father and said, "I need some money to invest in the stock market." Father flatly refused.
Father said, "I don't want to take it from any friend, any family member, or any investor." He refused everywhere, saying, "You ca n't take it from anywhere." He used to say that people get ruined in the stock market. Gaining happens, this happens, that happens. But Rakesh knew that this is not gain, it's just mentality, it's psychology.
People have ruined the market. Earlier, whatever I had saved, I had saved ₹ 1,000. But when I entered in 1985, the Sensex fell by almost It was 150 points today, you know currently the Sensex is 60000 plus, so how much has it increased? From then till today, he was facing a lot of difficulty in getting capital, so what he did was that he borrowed money from his brother's friend, he managed to raise ₹ lakh from there and against that he was promised to give higher returns than FD.
Friends, when Rakesh ji entered the market, his first biggest profit was ₹ lakh. How did he earn this ₹ lakh? He had bought Tata shares in 1986 at the rate of 43 and the same shares were trading at ₹ 13 within three months, so understand that it increased by 3 paise. His total shares he had were 5000.
What a huge profit he earned in a jiffy within three months. As time passed, he started understanding the market and gradually he started earning a good profit. You can understand that Rakesh ji since 1986 By the year 1989, he had earned around 20 to 2 lakh rupees. At that time, 20 to 25 lakh was a huge amount, friends.
Then his next big investment was in Seesa Goa, which he bought at the rate of ₹ 8. In no time, the share increased from ₹ 5 to ₹ 5, and after waiting a little, the share reached ₹ 5. So you can understand how big a profit he earned in Seesa Goa too. All these things were going smoothly in his life. Then he opened his own investment firm by the name of Rera Enterprises.
Rakesh's Ra and Rekha's Re, thus by combining both, he created Rera. With that name, he started an investment company for himself. Friends, in the long run, Rakesh ji bought many multi-bigger stocks like Titan. Between 2002 and 2003, Rakesh ji bought shares of Titan Company, so the average share price was ₹ 100 or ₹ 100.
He was trading shares and today's price of Titan share is 22140. 22140 is the price of Titan share today and Rakesh ji has Titan shares worth about 4.4 crores, which means if I talk about an overall holding, then it is 5.37 per share of the company in December 2023. Rakesh ji has holding of Titan. Friends, after having Titan, he also invested in many such multibagger stocks like Kajal, Aal Industries, Bandhu Pharma, NCC.
He invested in many such multiple stocks and Rakesh ji had made another record and once he earned 50 crores in just 8 days. 50 crores in the stock market rally is a freaking huge amount, a part of this. Rakesh ji is also on the board of directors of many companies like Prime Focus Limited, Jio Jeet, BNB, Prabhas Financial Services, Prag Industries, Kankad Biotech and Rakesh ji was also on the board of directors of many such companies and Rakesh ji was also on the board of directors in the stock market.
He was not only a producer but also a movie producer. He produced many movies like English Vinglish, Shamitabh and N.K. Rakesh ji is also the chairman of Hungama Digital Media. Rakesh ji was our multi- talented friend. Rakesh ji considered himself a long term investor and a short term trader. Yes, he used to say that I am both a trader and an investor.
Rakesh ji also has a small quote in an interview. He said that short term trading is for short term gain. Long term trading is for long term capital formation. Trading is what gives you the capital to invest. My trading also helps my investing in the sense. I use a lot of technical analysis for trading at times.
Friends, Rakesh ji focused on three fundamentals and technicals. He said that firstly, always keep in mind the profit to earnings ratio of a company. Secondly, he said that whenever you buy a company, the company must have MOT. The company must have advantage. For example, Coca Cola L. It is important to have a motive of ₹ 100 crore, friends.
The third is margin of safety. Margin of safety means that you should buy any stock at a discounted price or below its intrinsic value. If, suppose, there is a stock crash tomorrow, you will not incur a major loss because you bought it at a level much below its value. This marginal safety is derived.
It is important for you to look at everything - the balance sheet, the company's performance, and the company's management. Fundamentally, whenever you buy a stock, Rakesh ji says, "Brother, if you are buying a stock, then buy it as if you are buying a shop or a company yourself, not as if I bought it for the short term and sold it.
Never invest like that." His simple advice is that he had done a very deep fundamental study of trading. He explained the chart patterns of the stock to them and explained everything. He had also done a good technical study of trading. But he has said in many interviews that do not burn your hands in trading.
We do not know what he wants to say right now, but this was Rakesh ji 's message. Journey from 5000 to 48000 crores means today his net worth is approximately 5.8 billion dollars but today he is not among us but he left his investing principles, his investing methods for you and us, friends he passed away on 14th August 2022 due to diabetes and multi organ failure, friends we will all remember him in our prayers, we will pray for him, all of us and friends see you soon in the next video, by signing off and don't forget to subscribe to the channel
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