Alternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
RAKESH JHUNJHUNWALAWhen 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.
More Rakesh Jhunjhunwala Quotes
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I myself am a private equity investor.
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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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All democratic societies eventually decide what is in favor of them.
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These dire predictions of COVID are behind us. Covid is getting milder and people are learning to treat it better. The percentage of deaths is coming down. We are learning to live with it.
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I want to give more time to my children, my family, to my health.
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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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Everything which is good in life is dicey, including pretty girls.
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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 biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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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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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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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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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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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.
RAKESH JHUNJHUNWALA