Is Rakesh Jhunjhunwala India's Warren Buffet?


Bangalore: Rakesh Jhunjhunwala, the India’s well known stock investor billionaire is not much pleased with his new nick name given to him; he has been compared as “Warren Buffet”. He says told Economic Times, “It's not a fitting comparison. In terms of wealth and success and maturity, he's far, far ahead.”

Jhunjhunwala made some fortune from savvy investments like Buffett, his net worth is $1.1 billion and he ranks 41st on the India’s list according to the Forbes magazine. He is simply dressed, draws heavily on a cigarette, burps loudly, narrates vulgar jokes and intersperse his interviews with one liner that have become famous.

He built his fortune from an early bet on Tata Tea and risk taking investor, he continues, “I'm not a clone of anybody. I'm Rakesh Jhunjhunwala, I've lived the world on my own terms. I do what I enjoy. I enjoy what I do.” He has been an advocate of power and used it in his career which defines his big, bold bet investment philosophy.

He adds, “See, I'm a risk taker, If I feel very opinionated, I can really put the money on the table. I don't think too much deep research is needed. I don't go into analysis paralysis; all you need is common sense.”