I am buying the most unpopular, most battered stocks, but then who knows?
RAKESH JHUNJHUNWALAIn 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.
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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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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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
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I do not do any trading internationally.
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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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I myself am a private equity investor.
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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 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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All democratic societies eventually decide what is in favor of them.
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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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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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I don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
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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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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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What India needs for prosperity is just ease of doing business.
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Not being dogmatic has helped me become a better stock-picker.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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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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Everything which is good in life is dicey, including pretty girls.
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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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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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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
RAKESH JHUNJHUNWALA