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?
RAKESH JHUNJHUNWALAApart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
More Rakesh Jhunjhunwala Quotes
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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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Everything which is good in life is dicey, including pretty girls.
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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 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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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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If 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.
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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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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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You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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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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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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I do not do any trading internationally.
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Alternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
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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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