I do not think, like people say, that I am a guru or I know everything.
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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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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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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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
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There can be no greater well wisher for me in life than my mother.
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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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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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You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.
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The markets are like a weather; you may not like it but you have to bear it.
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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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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
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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.
RAKESH JHUNJHUNWALA