Anil Singhvi pays tribute to Rakesh Jhunjhunwala! Recalls interview with BIG BULL - from philanthropy to lessons for investors, this is what he said
His biggest teaching has been to investors is to earn money in the right way, the Market Guru said. In many previous bull runs, there were operators who use to run markets. Jhunjhunwala is among very few big investors who made money in the markets by using the right means, Singhvi said
The passing of Rakesh Jhunjhunwala was a sad shock for investors and his followers. The news of his demise broke out on Sunday. While his fans and admirers in media, stock market, industry and politics have their share of memories or tales to tell about Big Bull, Zee Business Managing Editor Anil Singhvi tells what is close to his heart about the ace investor.
He said that Rakesh Jhunjhunwala was in a true sense an inspiration for those people who wanted to earn good money from the market by investing in right way and for long term.
His biggest teaching has been to investors is to earn money in the right way, the Market Guru said. In many previous bull runs, there were operators who use to run markets. Jhunjhunwala is among very few big investors who made money in the markets by using the right means, Singhvi said. He was still able to create huge wealth.
Another important lesson was staying in markets for long term and this has been with lot of examples unlike many investors who come to market for making quick money.
There are very few investors who has been able to segregate investment with trading and that too very successfully. He was not just a long term investor, he was a big trader as well.
One of the biggest highpoint about RJ was his belief on the India story, something which even many top politicians lacked.
There are over10 cr demat accounts and many of them were created during the pandemic, Singhvi further said. He has always said that Indian markets will run on its own domestic money. He was also a good judge of promoters and he was one of the few investors who moved with the time.
His entry also opened floodgates for professional traders alongside Uday Kotak and Raamdeo Agrawal.
He was also a big philanthropist just like Azim Premji.
Singhvi also recalled his interview with the big bull where Rakesh Jhunjhunwala announced that he will donate 25 per cent of his wealth in charity. The ace investor had told that he had four children, referring philanthropy as his fourth child.
Singhvi revealed how his eyes welled up with tears.
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The Managing Edtior said that he left the world too early.
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