The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
RAKESH JHUNJHUNWALAI think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
More Rakesh Jhunjhunwala Quotes
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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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When the food at home is so tasty, why go out and eat?
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In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
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I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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I think true love – love, wine and beauty, they better with age.
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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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Films are getting expensive by the day. They are making more money by the day.
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When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
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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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I am an optimist by nature and I reserve the right to be wrong.
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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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Impossible is the word for fools in my dictionary.
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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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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
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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 is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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I don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
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In a marriage, in a relationship there should not be your money and my money. It has to be our money.
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Markets tend to shake you up before a bull run.
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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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The markets are like a weather; you may not like it but you have to bear it.
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I know film industry is not a very healthy place to be in.
RAKESH JHUNJHUNWALA