Draw a balance between the present and the future and one advice I give to every young Indian – the most difficult thing in India, urban India, is housing. So first thing that you do is try and buy house as that gives a great sense of security.
RAKESH JHUNJHUNWALAFilms are getting expensive by the day. They are making more money by the day.
More Rakesh Jhunjhunwala Quotes
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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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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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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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Not being dogmatic has helped me become a better stock-picker.
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Impossible is the word for fools in my dictionary.
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Everything which is good in life is dicey, including pretty girls.
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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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What India needs for prosperity is just ease of doing business.
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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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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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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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I do not do any trading internationally.
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I don’t think Indian e-commerce companies have an evolved business model.
RAKESH JHUNJHUNWALA