Veteran investor Rakesh Jhunjhunwala passed away on Sunday morning at the age of 62. Jhunjhunwala died at 6.45 am in Mumbai and was brought dead to Breach Candy Hospital, according to the reports.
He was often referred as the “Big Bull” and “Warren Buffet” of the Indian stock market.
Jhunjhunwala was a stock market trader and chartered accountant. He was also the chairman of Hungama Media and Aptech, as well as a director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.
Jhunjhunwala was the founder of India’s newest airline Akasa Air, which launched services in the Bengaluru-Kochi-Bengaluru sector from Cochin International Airport Limited (CIAL) on Friday (August 12).
He had teamed up with ex-Jet Airways CEO Vinod Dube and former IndiGo head Aditya Ghosh to set up the airline.
The self-made businessman was the son of an Income Tax (I-T) officer and is survived by his wife — Rekha — and three children.
Prime minister expressed grief over his demise. PM Modi said, “Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti.”
Union Minister Smriti Irani
Minister of Women and Child Development of India expressed
Here are 10 top quotes by Rakesh Jhunjhunwala that that will continue to inspire investors:
Nobody can predict the weather, death, market and women. Market is like a woman, always commanding, mysterious, uncertain and volatile. You can never really dominate a woman and likewise you cannot dominate the marketAlways go against tide. Buy when others are selling and sell when others are buying
Never invest at unreasonable valuations. Never run for companies which are in limelight
Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it
You do not succeed without obsession
Prepare for losses. Losses are part and parcel of stock market investor life
Growth comes out of chaosHastily taken decisions always result in heavy losses. Take your time before putting money in any stock
Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible
Stock markets are always right. Never time the market
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