I want to work in water resources, as I think creating a string of check dams and utilizing water better is far more cost-effective than large stand-alone dams.
RAKESH JHUNJHUNWALAThere 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.
More Rakesh Jhunjhunwala Quotes
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I am an optimist by nature and I reserve the right to be wrong.
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I think true love – love, wine and beauty, they better with age.
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I do not do any trading internationally.
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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
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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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I think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
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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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You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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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.
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I am always capital short. If I see the opportunity, I will get the money.
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