There isn't any tell-tale sign of this ace investor turning 50. In a free-wheeling interview with CNBC-TV18's managing editor Udayan Mukherjee, Rakesh Jhunjhunwala admits that "age" hasn't mellowed him down nor has it stopped him from being a ladies' man. This man with Midas touch non-chalantly says he finds Sushmita Sen hot.
Of course, this Warren Buffet of India's mind is dominated by stocks and their performance. While there are several stocks with which Jhunjhunwala is emotionally attached to, there are still some which generate a reasonable degree of annoyance. After over two decades of trading, Jhunjhunwala looks back at the changing face of his portfolio.
Rakesh Jhunjhunwala
Below is a verbatim transcript of the interview.
Mukherjee: A belated Happy Birthday.
Jhunjhunwala: Thank you.
Wish Rakesh Jhunjhunwala on his 50th birthday
Mukherjee: How does it feel to be 50?
Jhunjhunwala: My nephew told me that 40 is the old age of youth and 50 is the youth of old age. It feels to be youthful. I think it makes you reflect, otherwise it makes no difference. Same day passes by, same routine, same activity.
Mukherjee: You feel old?
Jhunjhunwala: I don’t feel old but if feel reflective. Whatever I did on this birthday and whatever thoughts I had in the interaction I had with people, it left a deep impression on my mind and it has made me reflect. It has given me a feeling that there is not much left ahead. It is 10-15-20-25, I think beyond 65 years all age is bonus. So there is less time to do all that has to be done.
Mukherjee: We will talk about the reflective part; first tell us what happened in Mauritius? Or is it that what happens in Mauritius stays in Mauritius like Dubai?
Jhunjhunwala: Basically we partied, we did some water sports, did lot of spa. We had carnival on the beach. We played Volleyball on the beach, table tennis, football. Then we had a rain dance, and then we had a Karaoke night, it was great fun. People really had a ball and the biggest gift I got on my birthday, the joy I had was seeing the joy others were having.
Mukherjee: Terrific, maybe next time I will make it for your sixtieth.Has age mellowed you? I know you have a feisty temper, has all of that calmed down with age?
Jhunjhunwala: I don't think so age is mellowing me. Let me admit it's humbling me. Time is teaching me slowly but surely that I can always be wrong. It also makes you realize that how small you are in the larger scheme of things
Jhunjhunwala: Well not necessarily but I would say more resent, less I would say impulsive. See Udayan what I feel is, may be it amounts to boasting, that it is giving polish to my best qualities, right? Age and experience is polishing my best qualities and it is mellowing the worst.
Mukherjee: What to your mind are your best and worst qualities?
Jhunjhunwala: I think my worst qualities are my personal habits, my anger.
Mukherjee: You do concede that you have a temper?
Jhunjhunwala: I do, I have a temper. And means nothing, in the end I realize that if I ever In 22 years of marriage I must have shouted at Rekha [wife] at least 2200 times and Rekha would have shouted back only 2 times.
Mukherjee: Have you regretted all those times?
Jhunjhunwala: I always, I regret them and I go to the, while in the car I call her up and apologies, unless I do that I don’t feel comfortable.
Rekha Jhunjhunwala: He is the same person what I knew him last 23 years. He always used to ask me like do you love me, you love me, so now I can tell him yes I love him. I love him what he was, what he is, he is a perfect husband.
Jhunjhunwala: There is a very good side to it but there is also blurring side to it, that’s what has cost me to miss, miss some of the greater joy’s of life. Miss that I wished I had spent far more time with my farther and I can never do that again. So I think those are the good qualities I think is, first I think the best quality I have, I am good to heart. What is in my heart is on my face and what is in my mouth is my heart. I think that endures me, I am frank, I think I am a good assessor of situations.
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