The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
RAKESH JHUNJHUNWALAMy 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.
More Rakesh Jhunjhunwala Quotes
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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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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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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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My true gods are my parents. I am what I am because of them.
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Not being dogmatic has helped me become a better stock-picker.
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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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I think true love – love, wine and beauty, they better with age.
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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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Markets tend to shake you up before a bull run.
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I started my life with Rs 5,000.
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I think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
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What India needs for prosperity is just ease of doing business.
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In a marriage, in a relationship there should not be your money and my money. It has to be our money.
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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 myself am a private equity investor.
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Everything which is good in life is dicey, including pretty girls.
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All democratic societies eventually decide what is in favor of them.
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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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Bull markets are Test matches and not 50-over games.
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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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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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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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I do not do any trading internationally.
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You cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
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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.
RAKESH JHUNJHUNWALA