What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
RAKESH JHUNJHUNWALABull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
More Rakesh Jhunjhunwala Quotes
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In 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.
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It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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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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I want to give more time to my children, my family, to my health.
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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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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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I 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.
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What India needs for prosperity is just ease of doing business.
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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 world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
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You 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.
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I know film industry is not a very healthy place to be in.
RAKESH JHUNJHUNWALA