Thought For The Day

12 Facts about Rakesh Jhunjhunwala




Rakesh Jhunjhunwala of Rare enterprise is rare personality. Rakesh Jhunjhunwala according to me is true champion of Indian stock market. Rakesh Jhunjhunwala is real inspiration for stock market investors.

Today I will share 12 unusual stunning facts of Big bull Rakesh Jhunjhunwala.

12 Unusual Stunning Facts of Rakesh Jhunjhunwala

1. By Stock market investment Rakesh Jhunjhunwala has made Rs 5000 Cr from 5000 Rs/- in 30 years. Imagine making 5000 Cr in 30 year.
2. According to Forbs magazine Rakesh Jhunjhunwala is considered as 46th richest person in India for 2013 with net worth of $1.25 billon.
3. Rakesh Jhunjhunwala is many time referred as warren buffet of India and he is known to be a big fan of Bollywood. He has produced one hit movie called English Vinghlish.
4. He has taken pledge to carryout charity and he will donate 25 per cent his wealth in his lifetime.
5. Rakesh Jhunjhunwala enjoys few lakhs of rupee as dividend and he spend one third of his dividend income in charity.
6. Rakesh Jhujhunwala networth was Rs 3461 Cr in 2007 and value of his holding has plunged to Rs 1130 Cr in 2008 down turn. Although his wealth was plunged by one third he remain invested in stock market.
7. In past one year he has made daily gain of Rs 8.4 Cr in stock market. This gain is equals to million dollars a day.
8. Net worth of Rakesh Jhunjhunwala was nearly growing by Rs 60 Cr a week and 240 Cr month. If we break down further he made hourly around Rs 35 lakh in stock market. This money is enough in buying Audi or BMW car every hour.
9. According to latest report combined net worth of Rakesh Jhunjhunwala and his family is Rs 7261 Cr compare to Rs 4192 Cr last year. In last one year net worth of rakesh jhunjhunwala jumped by 73%.
10. Rakesh Jhunjhunwala current net worth is beating market cap of 96% of listed companies.
11. Titan, Lupin, CRISIL are hot favorite stock of Rakesh Jhunjhunwala His family holds equity share of over Rs 100 Cr in each of these companies.Apart from equity he also hold properties in Mumbai worth more that Rs 100 Cr.
12. Rakesh jhunjhunwala is foodie in nature, he love to watch food shows. He love Chinese food & dosa on street. As per report he is found of Horse and he own number of horses.

Source : https://moneyexcel.com/7465/12-facts-rakesh-jhunjhunwala

 

Rakesh Jhunjhunwala – A Middle Class Billionaire





Rakesh Jhunjhunwala is a self-made middle class billionaire. With net worth of 1.86 billon he is holding 51 position in Forbs rich list today. He has generated wealth of 5000 Cr from 5000 Rs by investing in stock market. Rakesh Jhunjhunwala’s father was Income Tax officer. He was from middle class family, he could have chosen to live simple life by doing Job like his father but he choose to become Investor.

People does Job or business to live life. Rakesh Jhunjhunwala does investment to live life. He gets lakhs of rupee as stock dividend. His dividend income is enough to take care of his requirements. The nature of his work is such that even if his family and he went off for a three-month cruise, nothing, apart from his trading income, would be affected.

Rakesh Jhunjhunwala’s started learning about market and investment when he was only 12 or 13 years old. His father, who was a civil servant, would discuss stocks with his friends and that got him interested in the markets. He was so curious about stock market fluctuation and he use to ask question to his father that why price of shares move up and down. His father use to reply that stock price react to news.



From childhood he was passionate about stock market. He has formally started stock market investment after completion of CA in 1985 with 5000 Rs/-. He has made lot of money from stock market. Today he is planning to give away Rs 5,000 crore or 25 percent of his total wealth, whichever is lower, to philanthropy when he turns 60 on July 5, 2020. I am herewith learning from Rakesh Jhunjhunwala.

Learning from Rakesh Jhunjhunwala


Simple Living High Thinking

Rakesh Jhunjhunwala also adopted fundamental of Warren Buffet. He believes in simple living. In his recent interview with Forbs he shared that “You should value about what you are spending – Today, I can shop for Rs 50 crore of stocks, but if I have to buy Rs 5 lakh watch, I will think 50 times”.

Long term Investment

Rakesh Jhunjhunwala believes in long-term investment. He invested in Lupin & Titan before 11-12 years and still he is holding these stocks. During this 11 years these stocks faced major downfalls but he has not sold these stocks.



Jhunjhunwala bought into Titan in 2002-03 at an average price of around Rs 5 the stock then rose to touch Rs 80 and later fell to Rs 30, but he did not sell a single share

Similarly, he kept the faith in his second big holding, Lupin. “From 2006 to 2009, Lupin went nowhere. It was in the Rs 135-150 range, but that Rs 150 is Rs 1,350 today.

Rakesh Jhunjhunwala does not believe in frequent trading he believes in long-term investment strategy.

Always learn from your mistake

Another learning from Rakesh Jhunjhunwala is learning from own mistake. You should hold the investment which is giving good return to you.

He remember mistake he has done by selling parts of his holdings in Titan, Lupin and CRISIL. He sold Rs 27 crore worth of CRISIL shares in 2005 and bought a house in Mumbai. “That house may be worth Rs 50 crore today, but if I had held on to the shares, they would be worth Rs 700 crore now, and tax-free”.

From Rakesh Jhunjhunwala’s life I can say that “If you learn how to invest in stock market you can also become billionaire”.



Source :

https://moneyexcel.com/8616/rakesh-jhunjhunwala-billionaire

 

Warren Buffett Biography



(1930–)



Known as the "Oracle of Omaha," Warren Buffett is an investment guru and one of the richest and most respected businessmen in the world.

Synopsis:

Born in Nebraska in 1930, Warren Buffett demonstrated keen business abilities at a young age. He formed Buffett Partnership Ltd. in 1956, and by 1965 he had assumed control of Berkshire Hathaway. Overseeing the growth of a conglomerate with holdings in the media, insurance, energy and food and beverage industries, Buffett became one of the world's richest men and a celebrated philanthropist.

Early Life:


Businessman and investor. Born Warren Edward Buffett on August 30, 1930, in Omaha, Nebraska. Buffett's father, Howard, worked as stockbroker and served as a U.S. congressman. His mother, Leila Stahl Buffett, was a homemaker. Buffett was the second of three children and the only boy.

Buffett demonstrated a knack for financial and business matters early in his childhood. Friends and acquaintances have said the young boy was a mathematical prodigy who could add large columns of numbers in his head, a talent he occasionally demonstrated in his later years.

Warren often visited his father's stockbrokerage shop as a child, and chalked in the stock prices on the blackboard in the office. At 11 years old he made his first investment, buying three shares of Cities Service Preferred at $38 per share. The stock quickly dropped to only $27, but Buffett held on tenaciously until they reached $40. He sold his shares at a small profit, but regretted the decision when Cities Service shot up to nearly $200 a share. He later cited this experience as an early lesson in patience in investing.

First Entrepreneurial Venture:

By the age of 13, Buffett was running his own businesses as a paperboy and selling his own horseracing tip sheet. That same year, he filed his first tax return, claiming his bike as a $35 tax deduction.

In 1942, Buffett's father was elected to the U.S. House of Representatives, and his family moved to Fredricksburg, Virginia, to be closer to the congressman's new post. Buffett attended Woodrow Wilson High School in Washington, D.C., where he continued plotting new ways to make money. During his high school tenure, he and a friend purchased a used pinball machine for $25. They installed it in a barbershop, and within a few months the profits enabled them to buy other machines. Buffett owned machines in three different locations before he sold the business for $1,200.

Higher Education and Early Career :

Buffett enrolled at the University of Pennsylvania at the age of 16 to study business. He stayed two years, moved to the University of Nebraska to finish up his degree, and emerged from college at age 20 with nearly $10,000 from his childhood businesses.

Influenced by Benjamin Graham's 1949 book, The Intelligent Investor, Buffett enrolled at Columbia Business School to study under the acclaimed economist and investor. After earning his master's degree in 1951, he sold securities for Buffett-Falk & Company for three years, then worked for his mentor for two years as an analyst at Graham-Newman Corp.

In 1956, Buffet formed the firm Buffett Partnership Ltd. in his hometown of Omaha. Utilizing the techniques learned from Graham, he was successful in identifying undervauled companies and became a millionaire. One such enterprise Buffett valued was a textile company named Berkshire Hathaway. He began accumulating stock in the early 1960s, and by 1965 he had assumed control of the company.

Business Empire:


Despite the success of Buffett Partnership, its founder dissolved the firm in 1969 to focus on the development of Berkshire Hathaway. He phased out its textile manufacturing division, instead expanding the company by buying assets in media (The Washington Post), insurance (GEICO) and oil (Exxon). Immensely successful, the "Oracle of Omaha" even managed to spin seemingly poor investments into gold, most notably with his purchase of scandal-plagued Salomon Brothers in 1987.

Following Berkshire Hathaway's significant investment in Coca-Cola, Buffett became director of the company from 1989 until 2006. He has also served as director of Citigroup Global Markets Holdings, Graham Holdings Company and The Gillette Company.

Recent Activity and Philanthropy:

In June 2006, Buffett made an announcement that he would be giving his entire fortune away to charity, committing 85 percent of it to the Bill and Melinda Gates Foundation. This donation became the largest act of charitable giving in United States history. In 2010, Buffett and Gates announced they had formed The Giving Pledge campaign to recruit more wealthy individuals for philanthropic causes.

In 2012, Buffett disclosed that he had been diagnosed with prostate cancer. He began undergoing radiation treatment in July, and successfully completed his treatment in November.

The health scare did little to slow the octogenarian, who annually ranks near the top of the Forbes world billionaires list. In February 2013, Buffett purchased H. J. Heinz with private equity group 3G Capital for $28 billion. Later additions to the Berkshire Hathaway stable included battery maker Duracell and Kraft Foods Group, which merged with Heinz in 2015 to form the third-largest food and beverage company in North America.

Source : https://www.biography.com/people/warren-buffett-9230729#in-recent-years

 

Life Story of Sir John Templeton

source :https://www.templeton.org/sir-john-templeton/life-story

As a pioneer in both financial investment and philanthropy, the late Sir John Templeton spent a lifetime encouraging open-mindedness. If he had not sought new paths, he once said, "I would have been unable to attain so many goals." The motto that Sir John created for his Foundation, "How little we know, how eager to learn," exemplified his philosophy both in the financial markets and in his groundbreaking methods of philanthropy.

​

John Marks Templeton was born on November 29, 1912, in the small town of Winchester, Tennessee. He followed in his brother's footsteps and attended Yale University, supporting himself during the Depression and graduating in 1934 near the top of his class and as President of Phi Beta Kappa. He was named a Rhodes Scholar to Balliol College at Oxford, from which he graduated with a degree in law in 1936.

Templeton started his Wall Street career in 1938 and went on to create some of the world's largest and most successful international investment funds. He took the strategy of "buy low, sell high" to an extreme, picking nations, industries, and companies hitting rock-bottom, what he called "points of maximum pessimism." When war began in Europe in 1939, he borrowed money to buy 100 shares each in 104 companies selling at one dollar per share or less, including 34 companies that were in bankruptcy. Only four turned out to be worthless, and he turned large profits on the others.

Templeton entered the mutual fund industry in 1954, when he established the Templeton Growth Fund. With dividends reinvested, each $10,000 invested in the Templeton Growth Fund Class A at its inception would have grown to $2 million by 1992, when he sold the family of Templeton Funds to the Franklin Group. In 1999, Money magazine called him "arguably the greatest global stock picker of the century."

But John Templeton's interests were never confined to the merely financial. An unfailing optimist, a believer in progress, and a relentless questioner and contrarian, he devoted the second half of his long life to promoting the discovery of what he called "new spiritual information." To his mind, this term encompassed progress in understanding not only matters usually considered religious but also the deepest realities of human nature and the physical world—that is, subjects best investigated by using the tools of modern science. Templeton was convinced that our knowledge of the universe was still very limited. His great hope was to encourage all of humanity to be more open-minded about the possible character of ultimate reality and the divine.

​

In 1972, he established the world's largest annual award given to an individual, the Templeton Prize, which honors a living person who has made an exceptional contribution to affirming life’s spiritual dimension. Its monetary value, currently £1,000,000, always exceeds that of the Nobel Prizes, which was Templeton's way of underscoring his belief that advances in the spiritual domain are no less important than those in other areas of human endeavor. Templeton also contributed a sizable amount of his assets to the John Templeton Foundation, which he established in 1987. That same year, he was created a Knight Bachelor by Queen Elizabeth II for his many philanthropic accomplishments. (In the late 1960's, he had moved to Nassau, the Bahamas, where he became a naturalized British citizen.)

Although Sir John was a Presbyterian elder and active in his denomination (also serving on the board of the American Bible Society), he espoused what he called a "humble approach" to theology. Declaring that relatively little is known about the divine through scripture and present-day theology, he predicted that "scientific revelations may be a gold mine for revitalizing religion in the 21st century." To his mind, "All of nature reveals something of the creator. And god is revealing himself more and more to human inquiry, not always through prophetic visions or scriptures but through the astonishingly productive research of modern scientists."

Sir John's own theological views conformed to no orthodoxy, and he was eager to learn not just from science but from all of the world's faith traditions. As he once told an interviewer, "I grew up as a Presbyterian. Presbyterians thought the Methodists were wrong. Catholics thought all Protestants were wrong. The Jews thought the Christians were wrong. So, what I'm financing is humility. I want people to realize that you shouldn't think you know it all." He expected the John Templeton Foundation to stand apart from any consideration of dogma or personal religious belief and to seek out grantees who are “innovative, creative, enthusiastic, and open to competition and new ideas" in their approach to the Big Questions.

Sir John's progressive ideas on finance, spirituality, and science made him a distinctive voice in all these fields, but he never worried about being an iconoclast. "Rarely does a conservative become a hero of history," he observed in his 1981 book, The Humble Approach, one of more than a dozen books he wrote or edited.

​

Sir John's death in 2008, at age 95, was noted around the world, with tributes that acknowledged the extraordinary breadth of his career and his vision. In an obituary titled "Maximum Optimist," the Wall Street Journal wrote:

As an investor, he always had confidence his picks would improve over the long term. Appropriately, the same "enthusiasm for progress," as he put it, also made him one of the world's great philanthropists. Life's spiritual dimensions were his abiding inspiration.


The Economist observed that

Sir John revered thrift and had a horror of debt. His parents had taught him that in small-town Tennessee, instilling it so well that in his white-columned house in the Bahamas, overlooking the golf course, he still cut up computer paper to make notebooks. But he made an exception for love, which needed spending. You could give away too much land and too much money, said Sir John, but never enough love, and the real return was immediate: more love.

Sir John's passing was also marked by Nature, the world's leading scientific journal:

Templeton was a deeply spiritual, although unorthodox, individual. He lived a life firmly rooted in the Christian traditions of modesty and charity. Yet he was also a great admirer of science, the undogmatic practice of which he believed led to intellectual humility. His love of science and his God led him to form his foundation in 1987 on the basis that mutual dialogue might enrich the understanding of both.

For a more detailed explanation of the aims of the John Templeton Foundation, see "The Philanthropic Vision of Sir John Templeton."

Source : https://www.templeton.org/sir-john-templeton/life-story