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NEW DELHI: Big Bull Rakesh Jhunjhunwala’s mantra for investing success has three Fs – fair valuation, fundamentals and future. That, he says, has worked for him since 1985. “I have made wealth in Indian stock market because, I was always bullish on India. India has grown rapidly in the last few decades,” the ace investor told Hindi news channel Aaj Tak in an interview. He said it is a myth that the market is driven by non-real factors. “Markets are the supreme king, and one has to accept it. So, follow it and learn from it. The so-called kingmakers are behind bars in Arthur Jail,” he said. “There is no Harshad Mehta in the markets. It is not manipulated. Such talks are completely bogus.” ....
NEW DELHI: Ace investor Rakesh Jhunjhunwala calls Elon Musk of Tesla a true entrepreneur, but believes the high market value of Tesla may not sustain. The Big Bull calls Prime Minister Narendra Modi a distilled socialist, one who has batted for reforms aggressively. The Big Bull suggested high-teens returns from domestic equities over the next decade. In an exclusive interview with ET NOW, Jhunjhunwala said history will remember Elon Musk of Tesla as true entrepreneur. But it is the shareholders who would decide Telsa s market capitalisation, and not Elon Musk, he said. That m-cap may not last, that I can tell you. But that does not take away the entrepreneurial capabilities and performance of Mr Musk, he said. ....