I am not giving so much of my wealth that I should feel that I am a philanthropist.
RAKESH JHUNJHUNWALAIn 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.
More Rakesh Jhunjhunwala Quotes
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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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When the food at home is so tasty, why go out and eat?
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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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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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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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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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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
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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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Films are getting expensive by the day. They are making more money by the day.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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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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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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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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 think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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I know film industry is not a very healthy place to be in.
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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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The government needs to send out a message to the business community that ‘we are on your side.’
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I do not think, like people say, that I am a guru or I know everything.
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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
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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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I’m not afraid of losing money, I’m afraid of sour relationships.
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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 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.
RAKESH JHUNJHUNWALA