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.
RAKESH JHUNJHUNWALAThe biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
More Rakesh Jhunjhunwala Quotes
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My father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss about the stock market.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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I think true love – love, wine and beauty, they better with age.
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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I have far less than what people think, but far more than I need.
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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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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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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 am an optimist by nature and I reserve the right to be wrong.
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Everything which is good in life is dicey, including pretty girls.
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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’m not afraid of losing money, I’m afraid of sour relationships.
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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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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.
RAKESH JHUNJHUNWALA