All democratic societies eventually decide what is in favor of them.
RAKESH JHUNJHUNWALAThere can be no greater well wisher for me in life than my mother.
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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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 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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
RAKESH JHUNJHUNWALA -
The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
RAKESH JHUNJHUNWALA -
I am always capital short. If I see the opportunity, I will get the money.
RAKESH JHUNJHUNWALA -
Everything which is good in life is dicey, including pretty girls.
RAKESH JHUNJHUNWALA -
Markets tend to shake you up before a bull run.
RAKESH JHUNJHUNWALA -
I’m not afraid of losing money, I’m afraid of sour relationships.
RAKESH JHUNJHUNWALA -
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 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.
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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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
RAKESH JHUNJHUNWALA