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 JHUNJHUNWALAMarkets tend to shake you up before a bull run.
More Rakesh Jhunjhunwala Quotes
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I have far less than what people think, but far more than I need.
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What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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I am an optimist by nature and I reserve the right to be wrong.
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Impossible is the word for fools in my dictionary.
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It 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.
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You can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
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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 my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.
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All democratic societies eventually decide what is in favor of them.
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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
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What India needs for prosperity is just ease of doing business.
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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.
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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.
RAKESH JHUNJHUNWALA