We also did research and proved by empirical evidence that if an investor has just copied Rakesh Jhunjhunwala’s moves and bought the stocks that he had bought, the investor would have taken home a fortune.
Now, even the Economist, the World’s most prestigious magazine, has paid rich tribute to Rakesh Jhunjhunwala. The Economist was highly impressed by the billions made by the Oracle of Mumbai out of multibagger stocks like CRISIL and Titan, among several others.
The Economist presents a balanced view of Rakesh Jhunjhunwala’s genuis. It notes that there are some sceptics and critics who dismiss the Badshah of Dalal Street as a “punter” but clarifies that there is no merit in that because Rakesh Jhunjhunwala does his own meticulous research before buying any stock. In fact, the Badshah of Dalal Street has a well documented technique for making investments and another famous technique for finding multibagger stocks.
The magazine also emphasizes the down-to-earth qualities of Rakesh Jhunjhunwala. Despite the billions of rupees at his command, he remains simple hearted and easy to please. He is humbles to the core. If someone asks him about the gigantic riches that he has, he mutters “Money does not motivate me; the thrill of being proved right does“. That’s Rakesh Jhunjhunwala for you: The billionaire gentleman.