What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
RAKESH JHUNJHUNWALAI 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.
More Rakesh Jhunjhunwala Quotes
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I am always capital short. If I see the opportunity, I will get the money.
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My true gods are my parents. I am what I am because of them.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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I do not think, like people say, that I am a guru or I know everything.
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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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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.
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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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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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I’m not afraid of losing money, I’m afraid of sour relationships.
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All democratic societies eventually decide what is in favor of them.
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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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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.
RAKESH JHUNJHUNWALA