Words of Wisdom: Timeless Quotes By 'India's Warren Buffett', Rakesh Jhunjhunwala

It's been three years since India lost its own ‘Warren Buffett’, Rakesh Jhunjhunwala. The billionaire had passed away just a day before our country’s Independence Day, on 14th August 2022, at the age of 62. Born on 5th July 1960, Jhunjhunwala was popularly known as the ‘Big Bull’ of the Indian stock market, and he had a massive net worth of $5.8 billion at the time of his untimely demise.

Remembering Rakesh Jhunjhunwala's Iconic Quotes

It’s a no-brainer that generation after generation in India, and even globally, Jhunjhunwala will be remembered as one of the greatest investors of all time, which is why he is called India’s Warren Buffett, too, right?  

So today, let us look back at some of the most iconic quotes by the billionaire investor, which are no less than words of wisdom that will continue to inspire investors in the coming decades.

1. “Always go against the tide. Buy when others are selling and sell when others are buying.”
2. “Emotional investment is a sure way to make losses in the stock market.”
3. "You cannot make profits in the stock market unless you have the ability to bear losses."
4. "The stock market has no king. The market is the only king.
5. "Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible."
6. "Prepare for losses. Losses are a part and parcel of a stock market investor’s life.”
7. “You do not succeed without obsession.”
8. “Never run for companies that are in the limelight.”
9. “Stock markets are always right. Never time the market.”
10. "Anticipate trends and benefit from them. Traders should go against human nature."
11. “Never invest at unreasonable valuations. Never run for companies that are in the limelight.”
12. “Trading always keeps you on your feet; it keeps you alert. That's one of the reasons why I like to trade.”

When The Big Bull’s Prediction For Zomato’s Stock Came True

Back in 2022, just about two weeks before his untimely demise, one of Rakesh Jhunjhunwala’s predictions had come true. 

In the last week of July that year, there had been a bloodbath for Zomato’s stock this week, leading to it reaching its all-time low of around the INR 46 mark on both NSE and BSE¹.

Around that time only, Shark Tank India’s former judge Ashneer Grover had taken a dig at Zomato by tweeting that Zomato stock would have reached INR 450 if it had merged with rival Swiggy, instead of merging with Blinkit.

But, but, but. It was much before this downfall of Zomato’s stock (despite a stellar debut after IPO), when Rakesh Jhunjhunwala had warned about all this back in October 2021.  

The 'Warren Buffett of India' had warned about Zomato in 2021. In a viral video, the billionaire had warned investors about the future of the Zomato stock². 

He had said, "If I say today that don't buy Zomato shares, people will call me a fool. Time will come when the excess in the market will correct because they are prone to correction."

However, fast forward to today, the shares of Zomato have surged over the INR 300 mark. But it remains to be seen how they perform when the expected market correction, which Jhunjhunwala had predicted, arrives. We’ll have to wait and watch!

Rakesh Jhunjhunwala’s Net Worth

Rakesh Jhunjhunwala had a mammoth net worth of $5.8 billion at the time of his demise on 14th August 2022³. By profession, he was a chartered accountant and had begun investing in the stock market in 1985, starting off with an amount of just about INR5,000. 

As far as his portfolio is concerned, these are some of the biggest investments which are a part of the late billionaire Jhunjhunwala’s portfolio (as of June 2025):

Source: Trendlyne⁴

Conclusion

Rakesh Jhunjhunwala’s legacy extends far beyond his wealth. It lies in his timeless wisdom, contrarian approach, and unwavering belief in India’s growth story. His quotes continue to inspire investors to stay disciplined, think long-term, and respect the market’s unpredictability. He turned INR 5,000 into billions and made accurate market calls. The Big Bull showed that patience, conviction, and courage are the real currencies of investing. As we remember his journey, let it remind us that successful investing is as much about mindset as it is about strategy. While equities offer growth, diversifying with safe, fixed-income options is equally important. Platforms like Grip Invest allow you to earn up to 14% fixed returns, helping you balance risk and reward.

References:
1. Indian Express, accessed from: https://indianexpress.com/article/business/market/zomato-share-price-today-july-25-2022-pre-ipo-investors-lock-in-period-8049910/

2. Business Today, accessed from: https://x.com/business_today/status/1446700701246050306

3. Forbes, accessed from: https://www.forbes.com/profile/rakesh-jhunjhunwala/

4. Trendlyne, accessed from: https://trendlyne.com/portfolio/superstar-shareholders/53781/latest/rakesh-jhunjhunwala-and-associates-portfolio/

Want to stay at the top of your finances? 

Join the community of 4 lakh+ investors and learn more about Grip Invest, the latest financial knick-knacks, and shenanigans that take place in the world of investing.

Happy Investing!

Disclaimer - Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/ or default in payment. Read all the offer-related documents carefully. The investor is requested to take into consideration all the risk factors before the commencement of trading.
This communication is prepared by Grip Broking Private Limited (bearing SEBI Registration No. INZ000312836 and NSE ID 90319) and/or its affiliate/ group company(ies) (together referred to as “Grip”) and the contents of this disclaimer are applicable to this document and any and all written or oral communication(s) made by Grip or its directors, employees, associates, representatives and agents. This communication does not constitute advice relating to investing or otherwise dealing in securities and is not an offer or solicitation for the purchase or sale of any securities. Grip does not guarantee or assure any return on investments and accepts no liability for the consequences of any actions taken based on the information provided. For more details, please visit www.gripinvest.in

Registered Address - 106, II F, New Asiatic Building, H Block, Connaught Place, New Delhi 110001