Growth comes from chaos, not order.
RAKESH JHUNJHUNWALAIf you have a company called x and today you feel the price is very high. Next year it could perform very well but the price may not perform. So in the stock market what happens is buy on the rumor, sell on the news.
More Rakesh Jhunjhunwala Quotes
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Markets tend to shake you up before a bull run.
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I reflected a lot, I thought a lot on my 50th birthday. It has been one of the most important birthdays in my life, not in terms of celebration but in terms of retrospect.
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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Everything which is good in life is dicey, including pretty girls.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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My true gods are my parents. I am what I am because of them.
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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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The markets are like a weather; you may not like it but you have to bear it.
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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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My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
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Bull markets are Test matches and not 50-over games.
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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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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
RAKESH JHUNJHUNWALA