I made many mistakes but my triumphs have received far greater publicity than my failures.
RAKESH JHUNJHUNWALAI made many mistakes but my triumphs have received far greater publicity than my failures.
RAKESH JHUNJHUNWALAMy father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss about the stock market.
RAKESH JHUNJHUNWALAThere can be no greater well wisher for me in life than my mother.
RAKESH JHUNJHUNWALAMarkets go up not because there is abundance of buyers, but because there is a lack of sellers.
RAKESH JHUNJHUNWALAThe government needs to send out a message to the business community that ‘we are on your side.’
RAKESH JHUNJHUNWALAWhat happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
RAKESH JHUNJHUNWALAYou can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
RAKESH JHUNJHUNWALAYou cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
RAKESH JHUNJHUNWALAI myself am a private equity investor.
RAKESH JHUNJHUNWALAI am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
RAKESH JHUNJHUNWALAIn my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.
RAKESH JHUNJHUNWALAThere 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.
RAKESH JHUNJHUNWALAThe biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
RAKESH JHUNJHUNWALAWhat is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
RAKESH JHUNJHUNWALAI am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
RAKESH JHUNJHUNWALAMy father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
RAKESH JHUNJHUNWALA