The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
RAKESH JHUNJHUNWALAMarkets tend to shake you up before a bull run.
More Rakesh Jhunjhunwala Quotes
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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.
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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 myself am a private equity investor.
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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.
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I do not do any trading internationally.
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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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I started my life with Rs 5,000.
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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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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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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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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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When the food at home is so tasty, why go out and eat?
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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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Growth comes from chaos, not order.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
RAKESH JHUNJHUNWALA