Radhakishan Damani, the legendary investor, is a recluse. Few people have seen him or heard him talk.
However, Rakesh Jhunjhunwala never tires of talking about him and of referring to him as his “Guru” and “Mentor”.
On the occasion of the Badshah’s 50th birthday, Udayan Mukherjee asked him “Who do you count amongst your mentors in the market”.
Rakesh paused for a moment and said softly “Mentor is only one, Mr. Radhakishan Damani”.
The Badshah explained that Radhakishan Damani has had a profound influence on him. “I learnt trading from him” he said. “He has wisdom, extreme patience and humility”. “The patience he has to hear the other person’s point of view is unbelievable”. “He taught me life and shaped my nature. If he and my father had not been there to guide me, I would not have achieved such success”, the Badshah added with utmost humility in his voice.
As expected, Radhakishan Damani was embarrassed at the Badshah’s tribute. “He gives so much respect to me that it puts me in an embarrassing position so many times” Radhakishan said, laughing heartily.
Radhakishan Damani in turn set out the Badshah’s reasons for success. “He takes calculated risks and is always disciplined. He has great vision and conviction and knows what he has to achieve”.
Another stalwart who came in for special praise from Rakesh Jhunjhunwala is Nemish S. Shah of ex-Enam. “I don’t think there is a better analyst of the Indian stock market than Nemish Shah. There is not and there will not be”, the Badshah declared in an authoritative tone.
Rakesh Jhunjhunwala also paid tribute to Ramesh Damani, saying that he had shaped the Badshah’s outlook to international issues. He also referred to veteran investor Kamal Kabra as a person he has great respect for.
Would billionaire Mr Rakesh.Jhunjhunwala admit is “POISON” in life ? On what does he spend his money and what is his “Billionaire passion” ? For one i know that he has interests in the sport of “HORSE-RACING” a very costly hobby for a billionaire as few make profits from this sport of Kings and Queens. What is his other secret vice of spending his money ? I heard from rumour mongers that he loves throwing lavish parties to his former alma mater classmates of Sydenham college.Strangely, he is a very poor “Global Traveller” for all his money, a very strange aspect of his life.
Hello Sir,
I was searching Nemish Shah’s Pic for over three years and thanks for his pic (Please do post his more recent pics )..
Secondly can you give us his current holding … I have heard that he is known as “silent” in market – As RJ is known as Bull & RD is known as White& White
Thanks
my question is,if someone has joined paid service for stock consultancy,gets short term capital gain & long term capital gain in a financial year .does he has to deduct fees (paid for stock consultancy) from short term capital gain or from long term capital gain for computation of income?
If a person has another business income too apart from investing in stocks . can he add short term capital gain in another business income if another business income with in tax free limit ?so that after adding if any amount exeeds after tax free limit ,he can pay 15% tax on that