The markets are like a weather; you may not like it but you have to bear it.
RAKESH JHUNJHUNWALAI don’t think Indian e-commerce companies have an evolved business model.
More Rakesh Jhunjhunwala Quotes
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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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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 do not do any trading internationally.
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The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks.
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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’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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Everything which is good in life is dicey, including pretty girls.
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Films are getting expensive by the day. They are making more money by the day.
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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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Not being dogmatic has helped me become a better stock-picker.
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The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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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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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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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 not giving so much of my wealth that I should feel that I am a philanthropist.
RAKESH JHUNJHUNWALA