His deeply ingrained belief and conviction on India and its potential is strongly corroborated by some of his long-term bets – companies that will grow as domestic consumption or discretionary spends go up.
Veteran investor Rakesh Jhunjhunwala, also fondly known as the ‘Big Bull’ of Indian stock market, passed away at the age of 62 on Sunday morning. According to reports, he was brought dead to Mumbai’s Breach Candy Hospital.
Of late, Jhunjhunwala said that nobody can predict weather, death, market and women. This comes true in the case of the equity investor as the whole investing community got shocked by the news of his death.
Reportedly, Rakesh Jhunjhunwala also planned his succession many years ago and so while markets may be in mourning on Tuesday, he had the wisdom and foresight to pre plan his vast investments.
"Dalal Street will always remember him, for while there may be many successful billionaire investors in the years to come, some even wealthier than him, there will never be another Rocky."