I’m not afraid of losing money, I’m afraid of sour relationships.
RAKESH JHUNJHUNWALAI do not think, like people say, that I am a guru or I know everything.
More Rakesh Jhunjhunwala Quotes
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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.
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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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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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The government needs to send out a message to the business community that ‘we are on your side.’
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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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I know film industry is not a very healthy place to be in.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks.
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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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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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Impossible is the word for fools in my dictionary.
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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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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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I think true love – love, wine and beauty, they better with age.
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The markets are like a weather; you may not like it but you have to bear it.
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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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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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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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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.
RAKESH JHUNJHUNWALA