Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
RAKESH JHUNJHUNWALAThere is a digital revolution going on around the world and India is in better placed to tap the opportunity.
More Rakesh Jhunjhunwala Quotes
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You 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.
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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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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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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
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All democratic societies eventually decide what is in favor of them.
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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
RAKESH JHUNJHUNWALA -
I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
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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 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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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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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 JHUNJHUNWALA