Loss of a Middleclass Billionaire: Rakesh Jhunjhunwala

 

Mr. Rakesh Jhunjhunwala, fondly known as the ‘Big Bull’ of Indian stock market, passed away at the age of 62. As per reports, he died with Cardiac arrest. The news of his demise was shocking as he died too early while active in his business ventures, social life and in media discussions. People were expecting a lot out of Rakesh, who yet to accomplish so many tasks and set new examples for others to follow. A gem born in independent India walked far away from us to a destination of No return.

Rakesh had a strong belief in Indian economy prospects, he predicted, rather suggested once that Nifty would be at one lakh point, and a day will come when sensex will touch five lakh point, and everybody will be benefited out of it, provided you should have faith over fundamentals of economy. During the stock market sharp dip due to Covid-19 pandemic in March-Apr 2020, he was optimistic in that adverse and unpredictable time too. Second wave lockdown also derailed the economic activities and mainstream media was making news that market will again fall by predicting third wave in August 2021. He was the only man who had a strong factful faith that time as well. At the peak of media stress for third wave, he even than outrightly rejected the idea of Third wave by putting an argument that no one has ever predicted the arrival of first and second wave, so how can predictions of third wave be believed upon. He also added, Covid is a flu not a cancer, we will learn to live with this, once the treatment is available. Even under pandemic scenario, his belief on the economy's fundamentals did not deviate.

“Market risks” is a very popular and relevant and many time legal term in the trading business. But his perspective towards the risk is not as it is being taken generally. His experience-based notion over the Risk is simply stands as “Nothing”. He argued that Risk is nothing but an adjective as everyone has different sense of it, although it is essence of life.

His presence as a hard and practical believer with emotional intelligence was profound. Rakesh continuously attempted to make room for positivity in the market and in the society. This conviction of Rakesh makes him the fantastic situational analysist with the logical perspective that drove him to become a magnificent wealth creator, who had a strong confidence  over Indians and their potentials. He kept the ethics very strong in his professional life and a great believer of value in investment and people. He was in controversy, once for insider trading in Aptech case but settled it clean. His radical and profound views made him “Rakesh Jhunjhunwala”, a brand in itself.

There are endless ideas and knowledge that one can have from Rakesh. He was simply not an ordinary man, neither merely a big investor or trader only. There may be so many successful businessman per say. He somehow can be categorised as a divine personality of the market, who remains firm on market ethics, believes on sentiments, man with great conviction who rejects the media rubbish at one shot. He certainly had some special inborn capabilities so that he could Learn, which could not be Taught. He always kept his feet grounded, despite minting billons, and always said that he belongs to Middleclass society, however Rich. He followed simple and so called middleclass practices in personal behavior.

A lot can be written and discussed over Rakesh’s personality and trade and wealth etc. but the fact is we lost him, and lost him so easily. We lost a priceless asset to peanuts. The point to be underlined here is that, we arrange and agree to provide safety and security to the people of social importance. Society and the system protect them with security man, bulletproof vehicles, undercover agents etc. but we still not making the needed efforts to protect a valuable person like Rakesh to guard from a well-known health enemy, Cardiac or kidney ailments. 

Rakesh reached the stature in the financial world that his existence was essential, not for himself only, but for the investors, market learners, policy makers to set the financial, business  and trade activities and sentiments agile and optimistic that may lead to well being of people. Considering his potential as real and truly profound, he was more a public figure rather than solely a rich man. He was doing work, setting ideas, infusing the financial optimism and leading the money market from the front. And we traded this genius so cheaply in the hands of a known disease, its a damn costly trade exchange.

People like Rakesh should be protected and taken care by assuming them a valuable social and public property that cannot be lost like this. Why he was not treated as he should be. Why he was not timely stopped against practicing any unhealthy habits and tastes, if at all he had. Why, medicos, and people around him, who were directly benefitting out of Rakesh’s presence did not force him for a good health behavior, atleast once he crossed the age of 60. Media minted money by taking his interviews, Youtubers covering him to increase channel views, investors followed him to gain out of trade etc etc. but nobody has thought that if he will not be there, to whom they would look up to. I am sure, Rakesh can not not be that ignorant, who could not realize the importance his fitness.

Rakesh has a lot of faith over Health system and infrastructure, but that system responded him so thanklessly. The man was rich enough and could afford the best possible health care available across the globe and could get the best professional advice. He should not have died, but he died. Why. 

Rakesh, a priceless Human being, was Billionaire by Networth, Indian by Soul, Optimist by Thought and Middleclass by heart.

Om Shanti.

 

"He leaves behind an indelible contribution to the financial world. He was also very passionate about India's progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti."  Sri Narendra D Modi 

Disclaimer: Author is internet follower of Late Sri Rakesh Jhunjhunwala through his videos in Youtube, articles about him in websites etc. Author has no directly or indirectly relationship with Sri Jhunjhunwala and never followed his portfolio for making investments.

Credits: Photo from Google 

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