Stock market scares all even a big bull Rakesh Jhunjhunwala

by khalid on 17/12/2010 · 2 comments

Mr Jhunjhunwala is frequently dubbed as “India’s Warren Buffett” who is a billionaire equity investor, says he is scared when he enters the stock market. When asked what he does after going to the stock market, Jhunjhunwala answered in Hindi with a laugh: “Meri p**t jati hai jab mein share bazaar jata hun” (I am scared when I go to the stock market).

Continuously chewing guthka and checking scrips on his mobile phone, he kept the media in good humor while talking to them.

He also said he does not give tips (investment advice) even to his wife. “I don’t want to advise retail investor because they will not get benefit out of it. They don’t exit on time and miss the profit booking. ‘Tips’ is very bad. I don’t give tips even to my wife,” said Jhunjhunwala.

However, he said his wife suggests that he stay away from gambling. “She always says ‘Satta no dhandho khotto’ (business of gambling is wrong).”

Jhunjhunwala is very confident of India growth story, so much so that he says though India is a globalising economy, here companies will grow multifold.

“I am very much bullish on Indian companies and Indian stock bourses. Sensex is at 20,000 and we are expecting a 30% to 40% growth in the earnings. With this kind of earnings, the bull-run will continue. But in my view, Sensex will reach 25,000 and also 1,00,000. But I don’t know when,” he said.

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niks49 December 20, 2010

Thanks for sharing this interview details. Was interesting read

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khalid December 20, 2010

Thanks for dropping by at our blog.

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