In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
RAKESH JHUNJHUNWALAThe first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
More Rakesh Jhunjhunwala Quotes
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I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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I am an optimist by nature and I reserve the right to be wrong.
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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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The government needs to send out a message to the business community that ‘we are on your side.’
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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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There can be no greater well wisher for me in life than my mother.
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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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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
RAKESH JHUNJHUNWALA -
The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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I am always capital short. If I see the opportunity, I will get the money.
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What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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I know film industry is not a very healthy place to be in.
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Not being dogmatic has helped me become a better stock-picker.
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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.
RAKESH JHUNJHUNWALA