Goodbye, RJ!

He was known as Warren Buffett of India. While Warren is doing fine at 91, our own Rakesh Jhunjhunwala has passed away at 62.

He was trained to be Chartered Accountant but he found a way into equity markets. And he had a phenomenal success. From being just another guy to the 36th richest person in India makes a fantastic story. He had very sharp instincts to become a successful trader. That would have given him enough money to become a prudent long-term investor. It is not easy to put both hats of a trader and an investor on your head as they both require a completely different mindset. But RJ would do both at ease. Trading the opportunities in the market while sitting tight on investments believing that the Big Bull run in India has not started yet.

He has been an inspiration to many including me. Though I never followed his investments or style, I always looked up to him for his assessment of the economy, markets, valuations, changing trends, etc. He was never dual-minded. He had such a clarity of thought. Probably that gave him the convictions on his investments.

Though he made billions, he seems to have not done well on the health part. Had he lived longer, he would have done a greater service in bringing rationality to financial markets through his views and probably some social service through charity as well. 

Time is up. Goodbye, RJ!