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    Rakesh Jhunjhunwala, a person who has been branded as the "Warren Buffett of India" portrays a strikingly different persona from the Oracle of Omaha. 

    While Mr. Buffett emphasises the value of trust, usually sharing his opinion when sought, Mr. Jhunjhunwala is brash and “out there”, considering it imperative to contribute to the dialogues moving Indian markets

     

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    Having most recently sounded a deathknell to Bitcoin, we take a moment to reflect on this man, much loved by the country’s business media and widely credited for generating wealth in excess of $3bn in a journey that allegedly started with an investment of ₹5,000 ($69) almost thirty-six years ago. On the way we evaluate his track record, how his calls have performed historically, and whether his take is even relevant in the present scheme of things.

    One of India's better-known equity investors, Mr. Jhunjhunwala owns an asset management firm by the name of Rare Enterprises in partnership with his wife. He is the country's 38th wealthiest person with a net worth of over $3.3bn (as of February 24th 2021) and also holds memberships on the boards of multiple companies like Bilcare, Concord Biotech, Nagarjuna Construction, Provogue India, Viceroy Hotels and Geojit Financial Services, to name a few. 

     

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    Mr. Jhunjhunwala's early days as a trader can be traced back to when he was enrolled at the Institute of Chartered Accountants of India. He bought 5,000 shares of Tata Tea at ₹43 ($0.6) a piece and the stock skyrocketed to ₹143 ($2) in a matter of three months, turning his investment profitable by three times. 

    Today, his public portfolio includes 39 stocks with a net worth equalling over ₹16,225cr ($2.2bn).

    His biggest investments are in Titan (₹6,816cr/$941m), Tata Motors (₹1,300cr/$179m), Escorts Ltd. (₹826cr/$114m), Crisil (₹776cr/$107m), Lupin (₹732cr/$101m) and Jubilant Pharmova (₹713cr/$98m). In fact, his investment in Escorts was reported to have earned him ₹5.56cr ($768,180) per day since March 23rd 2020. 

     

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    He is known for making calculated investments and taking risks. In fact, on being interviewed about prevalent market risks recently, he remarked, "...the only long-term risk for India is [a] conflict with Pakistan". 

    Mr. Jhunjhunwala's early days as a trader can be traced back to when he was enrolled at the Institute of Chartered Accountants of India. He bought 5,000 shares of Tata Tea at ₹43 ($0.6) a piece and the stock skyrocketed to ₹143 ($2) in a matter of three months, turning his investment profitable by three times. 

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    Mr. Jhunjhunwala's early days as a trader can be traced back to when he was enrolled at the Institute of Chartered Accountants of India. He bought 5,000 shares of Tata Tea at ₹43 ($0.6) a piece and the stock skyrocketed to ₹143 ($2) in a matter of three months, turning his investment profitable by three times. 

    Today, his public portfolio includes 39 stocks with a net worth equalling over ₹16,225cr ($2.2bn).

     

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    His biggest investments are in Titan (₹6,816cr/$941m), Tata Motors (₹1,300cr/$179m), Escorts Ltd. (₹826cr/$114m), Crisil (₹776cr/$107m), Lupin (₹732cr/$101m) and Jubilant Pharmova (₹713cr/$98m). In fact, his investment in Escorts was reported to have earned him ₹5.56cr ($768,180) per day since March 23rd 2020. 

     

    Mr. Jhunjhunwala's

    Early days as a trader can be traced back to when he was enrolled at the Institute of Chartered Accountants of India. He bought 5,000 shares of Tata Tea at ₹43 ($0.6) a piece and the stock skyrocketed to ₹143 ($2) in a matter of three months, turning his investment profitable by three times. 

    Today, his public portfolio includes 39 stocks with a net worth equalling over ₹16,225cr ($2.2bn).

     

    Mr. Jhunjhunwala's early days

    As a trader can be traced back to when he was enrolled at the Institute of Chartered Accountants of India. He bought 5,000 shares of Tata Tea at ₹43 ($0.6) a piece and the stock skyrocketed to ₹143 ($2) in a matter of three months, turning his investment profitable by three times. 

    Today, his public portfolio includes 39 stocks with a net worth equalling over ₹16,225cr ($2.2bn).

     

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    As a trader

    Can be traced back to when he was enrolled at the Institute of Chartered Accountants of India. He bought 5,000 shares of Tata Tea at ₹43 ($0.6) a piece and the stock skyrocketed to ₹143 ($2) in a matter of three months, turning his investment profitable by three times. 

    Today, his public portfolio includes 39 stocks with a net worth equalling over ₹16,225cr ($2.2bn).

    FIN.
     

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