Impossible is the word for fools in my dictionary.
RAKESH JHUNJHUNWALAI think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
More Rakesh Jhunjhunwala Quotes
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What India needs for prosperity is just ease of doing business.
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Alternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
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I want to give more time to my children, my family, to my health.
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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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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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I think true love – love, wine and beauty, they better with age.
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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.
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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If you have a company called x and today you feel the price is very high. Next year it could perform very well but the price may not perform. So in the stock market what happens is buy on the rumor, sell on the news.
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The markets are like a weather; you may not like it but you have to bear it.
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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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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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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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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Growth comes from chaos, not order.
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I reflected a lot, I thought a lot on my 50th birthday. It has been one of the most important birthdays in my life, not in terms of celebration but in terms of retrospect.
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I am always capital short. If I see the opportunity, I will get the money.
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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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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 do not think, like people say, that I am a guru or I know everything.
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I don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
RAKESH JHUNJHUNWALA