In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
RAKESH JHUNJHUNWALAWhat leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
More Rakesh Jhunjhunwala Quotes
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I don’t think Indian e-commerce companies have an evolved business model.
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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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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 biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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I want to work in water resources, as I think creating a string of check dams and utilizing water better is far more cost-effective than large stand-alone dams.
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I am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
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Films are getting expensive by the day. They are making more money by the day.
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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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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
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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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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 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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Growth comes from chaos, not order.
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Everything which is good in life is dicey, including pretty girls.
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I myself am a private equity investor.
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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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In a marriage, in a relationship there should not be your money and my money. It has to be our money.
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I am buying the most unpopular, most battered stocks, but then who knows?
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Impossible is the word for fools in my dictionary.
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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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Markets tend to shake you up before a bull run.
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Bull markets are Test matches and not 50-over games.
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When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
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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 JHUNJHUNWALA