Draw a balance between the present and the future and one advice I give to every young Indian – the most difficult thing in India, urban India, is housing. So first thing that you do is try and buy house as that gives a great sense of security.
RAKESH JHUNJHUNWALAI do not think, like people say, that I am a guru or I know everything.
More Rakesh Jhunjhunwala Quotes
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Films are getting expensive by the day. They are making more money by the day.
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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
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All democratic societies eventually decide what is in favor of them.
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Bull markets are Test matches and not 50-over games.
RAKESH JHUNJHUNWALA -
The government needs to send out a message to the business community that ‘we are on your side.’
RAKESH JHUNJHUNWALA -
My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
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I am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
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These dire predictions of COVID are behind us. Covid is getting milder and people are learning to treat it better. The percentage of deaths is coming down. We are learning to live with it.
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I don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
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I have far less than what people think, but far more than I need.
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My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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I am an optimist by nature and I reserve the right to be wrong.
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I am interested in government spend quality, as it accounts for the biggest chunk of the social spending pie. Hundreds of foundations put together cannot equal what the government can spend.
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Not being dogmatic has helped me become a better stock-picker.
RAKESH JHUNJHUNWALA