Lessons To Learn from the life of Rakesh Jhunjhunwala

 ‘Big Bull’ Rakesh Jhunjhunwala died on 14th August 2022. 

Rakesh Jhunjhunwala, a billionaire investor, entrepreneur, and philanthropist died on Sunday in Mumbai. He was 62 years old and often referred to as the “Big Bull” and “India’s Warren Buffet”. This wealthy businessman made investments that would likely return more than 100% every time, but his latest high-profile investment was with India’s newest airline company. Prime Minister Narendra Modi has offered his condolences for the loss of this great Indian pioneer.


The world’s 36th Richest man (according to Forbes), like most of the elite groups, was not a person born with privileges or resources, rather he learned his lessons the hard way. Let’s see what made Rakesh Jhunjhunwala so special in today’s world. 

Who was Rakesh Jhunjhunwala?


Rakesh Jhunjhunwala was an investor, stock trader and an Indian business magnate. He passed away at the age of 62 on 14th August 2022. He was the chairman of Aptech and Hungama Media, he also sat on the board of directors for several other organizations like Geojit Financial Services, Provogue India, Concord Biotech and Viceroy Hotels. 


Jhunjhunwala was born in Hyderabad and lived most of his life in the state of Mumbai. He worked as a chartered accountant in his earlier life, and had a keen interest in the trading market, he wanted to invest money in the market but his father refused to lend him any money and made sure he did not borrow any from his friends too. Rakesh ended up investing his savings in the market and since that day he never looked back. 


See also  Meta Started Ethereum and Polygon Testing for NFTs in the US

He had his first breakthrough in the market and he bought 5000 shares of Tata worth Rs 43 each in the time of 3 months, the amount of shares rose to Rs 143. Now, in 2022, the amount of his invested shares was Rs 11000 Crores! 


Lessons To Learn from the life of Rakesh Jhunjhunwala

Rakesh Jhunjhunwala has taught us several lessons throughout his life, he gave several appearances around the world and gave speeches. Below mentioned are the essence of his own words. 


Take Risks 

He stated that “If you don’t take risks, you have nothing”. He was a firm believer in the fact that risking can only bring profit to your life, otherwise, your life is too basic and you will fail to grow and reach a peak in the market. 

Take your risks in a very measurable way, risking your money blindly will bring you no good. Rather it will sink all your existing money too. “Smart Risking” is advisable, but making huge blunders that can put you into debt is not a wise decision.

Always know your roots 


Rakesh Jhunjhunwala called himself a “middle-class man” even after being the world’s 36th richest man. Even his wife, in one of their interviews, stated that they would still wear the same clothes, have the same car, and would wear the same jewellery if the situation didn’t go in their favour. 


Read More:- Lessons To Learn from the life of Rakesh Jhunjhunwala


Comments

Post a Comment

Popular posts from this blog

Meta unveils a haptic GLOVE that lets you feel objects in VR

  Meta unveils a haptic GLOVE that lets you feel objects in VR Researchers from Singapore State University have announced the availability of innovative gloves that allow you feel the Metaverse between your fingers. Today, we live in a world where the concept of the metaverse is ubiquitous. For use in the metaverse, many companies have already started developing technology and software. Sony unveiled Micopi tracking sensors last month, making it considerably simpler to send our entire bodies to Metaverse. The State University of Singapore researchers have developed new gloves that let you feel what you see in the digital world right at your fingertips, they announced today. Meta unveils a haptic GLOVE that lets you feel objects in VR A haptic glove by Meta lets you experience things in the real world. To produce a true-to-life touch experience, the glove combines sensors and actuators. Currently, under development, the glove should be ready for purchase Shortly The glove was create...
Read more

Crypto Comedians Question Queen’s Bitcoin Interest

Crypto Comedians Question Queen’s Bitcoin Interest There is an “architectural shift” in technology and in the world brought upon by cryptoassets, which many crypto supporters miss, according to Marc Andreessen, co-founder of venture capital powerhouse Andreessen Horowitz (a16z), and founder of Netscape Communications Corporation. Today, a16z announced a new USD 2.2bn fund to continue investing in crypto networks. Meanwhile, in a recent interview with economic blogger Noah Smith, Andreessen compared the topic of crypto with the parable of the blind men and the elephant, allowing people to interpret many different parts in many different ways, or use it to make their point. As an example, he gave people seizing on “the money part,” then either glorifying crypto as a new type of monetary system that brings freedom from the nation-state, or “crucify[ing] it as a danger to economic stability and the ability for governments to tax.” However, while these are interesting arguments, Andrees...
Read more

BLOCKCHAIN AND ITS ROLE IN WEB 3.0

 The following article will provide you with a comprehensive grasp of how blockchain could help Web 3.0 grow. But before that, let’s go through the basics of WEB 3.0 and Blockchain Technology. HISTORY OF WEB? People could construct read-only text threads on Web 1.0, which was simply a bulletin board. There was a strong emphasis on open protocols that were decentralized and regulated by the community. Web 2.0 revolutionized this by incorporating multi-media and enabling people to engage with webpages as if they were apps. Web 2.0 also brought search engines that enabled non-technical people to do keyword searches for information. Although this was a positive step forward, keyword searches do not always yield relevant results. If a 2.0 user looks for information about a Camaro insect, for example, the search engine results pages (SERPs) are likely to include information about the Chevrolet Camaro automobile. Web3 search engines, on the other hand, will evaluate a user’s history data ...
Read more