In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
RAKESH JHUNJHUNWALAAlternatives 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.
More Rakesh Jhunjhunwala Quotes
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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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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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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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All democratic societies eventually decide what is in favor of them.
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Not being dogmatic has helped me become a better stock-picker.
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I started my life with Rs 5,000.
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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My 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?
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I want to give more time to my children, my family, to my health.
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Bull markets are Test matches and not 50-over games.
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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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Everything which is good in life is dicey, including pretty girls.
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I don’t think Indian e-commerce companies have an evolved business model.
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There can be no greater well wisher for me in life than my mother.
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