Rakesh Jhunjhunwala: Never invest with father’s or father-in-law’s money! An interesting anecdote of ‘Big Bull’ who changed the lives of people with his words

The legendary investor Rakesh Jhunjhunwala, known as the ‘Big Bull’ of the Indian stock market, is no longer in this world. He breathed his last at Breach Candy Hospital in Mumbai. Rakesh Jhunjhunwala, popularly known as the Warren Buffet of India, was battling kidney problems. The cause of Jhunjhunwala’s death is said to be multi-organ failure. A team of doctors was constantly trying to save him, but it could not happen. Many statements, sources of Rakesh Jhunjhunwala were appreciated by the people and many of his things have also become very popular. He always used to say, don’t invest in the stock market with your father-in-law’s or your father’s money.

Let us tell you that in response to a question, Rakesh Jhunjhunwala said that people are trading indiscriminately in the stock market. One advice for such people is that they should trade in the stock market with their own money so that they can understand the importance of money. Apart from this, when he was asked to advise small and big investors, he himself recalled the incident of 2020 when he asked people to buy shares and said that people do not listen to anyone.

Rakesh Jhunjhunwala had over 40 years of experience in investing in the stock market. However, many investors also followed his suggestions. He was famous as the Warren Buffett of the Indian stock market and entered the stock market at the age of 18. Started investing in Indian stock markets during his college days with a capital of just Rs 5,000. He recently started the country’s new low-cost airline Akash Air along with Vinay Dubey, former Chief Executive Officer (CEO) of Jet Airways and Aditya Ghosh, former IndiGo chief. The airline started its operations this month with a flight from Mumbai to Ahmedabad.