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.
RAKESH JHUNJHUNWALAI think true love – love, wine and beauty, they better with age.
More Rakesh Jhunjhunwala Quotes
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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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Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
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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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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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My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
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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’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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I think true love – love, wine and beauty, they better with age.
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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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Everything which is good in life is dicey, including pretty girls.
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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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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
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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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The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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Bull markets are Test matches and not 50-over games.
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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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I do not think, like people say, that I am a guru or I know everything.
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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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Growth comes from chaos, not order.
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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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Impossible is the word for fools in my dictionary.
RAKESH JHUNJHUNWALA