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.
RAKESH JHUNJHUNWALAWhat happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
More Rakesh Jhunjhunwala Quotes
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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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It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
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I am an optimist by nature and I reserve the right to be wrong.
RAKESH JHUNJHUNWALA -
I am always capital short. If I see the opportunity, I will get the money.
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What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
RAKESH JHUNJHUNWALA -
I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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’m not afraid of losing money, I’m afraid of sour relationships.
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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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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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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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What India needs for prosperity is just ease of doing business.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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I started my life with Rs 5,000.
RAKESH JHUNJHUNWALA