There can be no greater well wisher for me in life than my mother.
RAKESH JHUNJHUNWALAI’d be lying if I said I didn’t like the money, but that’s not what motivates me.
More Rakesh Jhunjhunwala Quotes
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I am interested in government spend quality, as it accounts for the biggest chunk of the social spending pie. Hundreds of foundations put together cannot equal what the government can spend.
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My father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss about the stock market.
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In my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.
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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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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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All democratic societies eventually decide what is in favor of them.
RAKESH JHUNJHUNWALA -
I have far less than what people think, but far more than I need.
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I am buying the most unpopular, most battered stocks, but then who knows?
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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 India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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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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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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I don’t think Indian e-commerce companies have an evolved business model.
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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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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 know film industry is not a very healthy place to be in.
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I am an optimist by nature and I reserve the right to be wrong.
RAKESH JHUNJHUNWALA -
Films are getting expensive by the day. They are making more money by the day.
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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
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What India needs for prosperity is just ease of doing business.
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I want to give more time to my children, my family, to my health.
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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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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 JHUNJHUNWALA -
The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
RAKESH JHUNJHUNWALA