Now Reading: Rakesh Jhunjhunwala: Markets unpredictable, only God knows
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Rakesh Jhunjhunwala: Markets unpredictable, only God knows
Rakesh Jhunjhunwala, the legendary Indian investor known as the Big Bull, once said that no one can predict how the market will react. He made this remark on 17 February 2022 at…
The Story in Brief
Rakesh Jhunjhunwala, the legendary Indian investor known as the Big Bull, once said that no one can predict how the market will react. He made this remark on 17 February 2022 at the Confederation of Indian Industry's Real Estate Confluence. He compared markets to weather and risk, saying only God has seen tomorrow.
Jhunjhunwala, who died in August 2022 with a net worth of $5.8 billion, turned a Rs 5,000 investment in 1985 into a multi-billion dollar portfolio. His most famous bet, Titan Company, grew 400 times over two decades. He was a steadfast optimist about India's growth, calling its future brighter than the sun.
The Indian Opinion
Too many investors chase the illusion of certainty in markets. Jhunjhunwala's blunt honesty is a needed corrective: models calculate probabilities, not outcomes. The real test of his wisdom is whether you can hold your nerve during a crash. Watch how the Nifty behaves after the next global shock, that will reveal who truly understood his lesson.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
