Sunday, September 21, 2008

Rakesh Jhunjhunwala..wow!

More often than not, he comes as the specialist on prime time TV shows about stock markets. In India, people reach out to him first for an opinion on any minor variation/misbehaviour of the stock market. His word is almost the last authority for many a stock broker starting out on a career in investment management. He goes to business schools and charitable organizations and talks about how wealth creation is not at all a bad idea, as long as it is used for the greater development of the Indian race. He is flamboyant - sporting the latest gadgets in the world etc. But, I think, he has earned it. And from what I make of him (though I don't know him), I think he has earned it the very hard way.

I am talking of Rakesh Jhunjhunwala here- India's very own Warren Buffet!

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