You cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
RAKESH JHUNJHUNWALAI am an optimist by nature and I reserve the right to be wrong.
More Rakesh Jhunjhunwala Quotes
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The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks.
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Bull markets are Test matches and not 50-over games.
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The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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I started my life with Rs 5,000.
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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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Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
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What India needs for prosperity is just ease of doing business.
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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
RAKESH JHUNJHUNWALA