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.
RAKESH JHUNJHUNWALAI am always capital short. If I see the opportunity, I will get the money.
More Rakesh Jhunjhunwala Quotes
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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 there’s doom and gloom, don’t forget there’s darkness before dawn.
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I want to work in water resources, as I think creating a string of check dams and utilizing water better is far more cost-effective than large stand-alone dams.
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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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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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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 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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All democratic societies eventually decide what is in favor of them.
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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 want to give more time to my children, my family, to my health.
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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
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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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I am always capital short. If I see the opportunity, I will get the money.
RAKESH JHUNJHUNWALA