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.
RAKESH JHUNJHUNWALAIt is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
More Rakesh Jhunjhunwala Quotes
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There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world power. We have the lowest cost, good technology, Indian companies are gaining size.
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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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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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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 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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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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Markets tend to shake you up before a bull run.
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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’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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I have far less than what people think, but far more than I need.
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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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Films are getting expensive by the day. They are making more money by the day.
RAKESH JHUNJHUNWALA