What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
RAKESH JHUNJHUNWALAMarkets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
More Rakesh Jhunjhunwala Quotes
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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 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.
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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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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’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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 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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All democratic societies eventually decide what is in favor of them.
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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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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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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.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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I am buying the most unpopular, most battered stocks, but then who knows?
RAKESH JHUNJHUNWALA