I am an optimist by nature and I reserve the right to be wrong.
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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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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Impossible is the word for fools in my dictionary.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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 a clone of anybody. I’m Rakesh Jhunjhunwala.
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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 think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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 want to give more time to my children, my family, to my health.
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I myself am a private equity investor.
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In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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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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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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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
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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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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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I made many mistakes but my triumphs have received far greater publicity than my failures.
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My true gods are my parents. I am what I am because of them.
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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 found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
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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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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 don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
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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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Growth comes from chaos, not order.
RAKESH JHUNJHUNWALA