In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
RAKESH JHUNJHUNWALAWhat is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
More Rakesh Jhunjhunwala Quotes
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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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I want to give more time to my children, my family, to my health.
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Not being dogmatic has helped me become a better stock-picker.
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What India needs for prosperity is just ease of doing business.
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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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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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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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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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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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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I am buying the most unpopular, most battered stocks, but then who knows?
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The markets are like a weather; you may not like it but you have to bear it.
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Markets tend to shake you up before a bull run.
RAKESH JHUNJHUNWALA