“You’ll work in the share market, who will marry you?” When Rakesh Jhunjhunwala looked back at how his journey started...
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00:00If you want to know the stock market well, the men must understand women well.
00:05Because markets are like women.
00:08Always commanding, always mistress, always uncertain.
00:11Always volatile, always exciting.
00:17All the boys were interested in girls.
00:19I was interested in the stock market.
00:22My father was a very democratic father.
00:25He always used to say, do whatever you want to do.
00:29I had an elder brother who had a chart account.
00:32My father used to practice.
00:34He said he wanted to get one of his sons to practice.
00:37Now do whatever you want to do.
00:39So I became one.
00:40I said, I want to go to the stock market.
00:42He said, what will you do there?
00:45No one will give you a job.
00:46First do CA.
00:48So I did CA.
00:53When I did CA, my father said,
00:56What will you do now?
00:58I said, I will go to the stock market.
01:00What will you do in the stock market?
01:02I said, I will invest.
01:04He said, if you want to invest, fine.
01:06But where is the money?
01:07Don't do it in front of me.
01:09I will do it like this.
01:10Do you understand?
01:12But he said, I have a house in Bombay.
01:15If anything happens, you can stay here.
01:17You are educated, you are a charted accountant.
01:19Do you understand?
01:21You will get a job.
01:23And if you have a house and a job in Bombay,
01:25then there is no problem.
01:27He said, never forget your word is your bond.
01:31Never forget your word is your bond.
01:34Be fearless.
01:36And may God bless you.
01:38For he is the only blesser.
01:40But one thing don't forget in life.
01:42You have my blessings.
01:44But not any money from me.
01:46My mother said, we were from the Marwari conservative family.
01:50My mother said, you will go to the stock market.
01:52Who will marry you?
01:54My mother said, don't be afraid.
01:55There will be one less daughter-in-law to trouble you.
01:58Then the Pope took Rs. 5000.
02:00I went to the stock market.
02:02I used to live with my parents.
02:03I was not married.
02:04My parents used to run the household expenses.
02:07My brother was a practicing charted accountant.
02:09He introduced me to 2-3 of his clients.
02:14I convinced him.
02:15At that time, interest was 12-13 rupees.
02:18I said, I will give 8 rupees interest.
02:20You give me money.
02:22First, a lady gave me.
02:24She said, I am in security.
02:25I said, I am in security.
02:26I don't have anything else.
02:27She said, I will give you 2.5 lakhs.
02:29First, take 1.25 lakhs.
02:31Take his share.
02:33Give me that share in security.
02:35Then give me 1.25 lakhs more.
02:36I started like that.
02:38Then a brother's client gave me 10 lakhs.
02:40And you won't believe.
02:42It was 1985.
02:44In one year, I earned 30 lakhs from that 12.5 lakhs.
02:48At that time, I paid 4 lakhs tax.
02:51God did not encourage me.
02:56I was not a brother's client.
02:59I was not going to get that kind of money.
03:02I took a share of Goa.
03:04I took it in 25 rupees.
03:05I earned 65 rupees in 4 months.
03:0765 rupees for 25 rupees.
03:09I earned 25 lakhs.
03:11I took a share of Tata Power.
03:12I took it in 150 rupees.
03:14I earned 1000 rupees.
03:16I earned 2-3 crores.
03:18I got married.
03:20My wife was from a rich family.
03:22She used to live in an AC room.
03:24We did not have a car.
03:26We used to go by bus.
03:28My wife has asked me only one thing in my life.
03:31When will I get an AC in my room?
03:33At 6 o'clock, my net worth was 3 crores.
03:36At 9 o'clock, my net worth was 20 crores.
03:40I said, Rekha, I got an AC.
03:43And then, God helped me.
03:47And what did I do?
03:49I never did anything wrong to earn money.
03:51My father used to say,
03:53this is a share market.
03:55Some come here to sell their wife's bangles.
03:57Some come here to sell their wives.