“Markets tend to shake you up before a bull run.”

I do not do any trading internationally.

I have far less than what people think, but far more than I need.

I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.

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.

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.

I am buying the most unpopular, most battered stocks, but then who knows?

There can be no greater well wisher for me in life than my mother.

In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.

Growth comes from chaos, not order.

When there’s doom and gloom, don’t forget there’s darkness before dawn.

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.

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.

In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.

Not being dogmatic has helped me become a better stock-picker.

What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.

I think true love – love, wine and beauty, they better with age.

But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.

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.

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.

Markets go up not because there is abundance of buyers, but because there is a lack of sellers.

We must not always talk in the market-place of what happens to us in the forest.

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.

Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.

I do not do any trading internationally.