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.
RAKESH JHUNJHUNWALAI have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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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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 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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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.
RAKESH JHUNJHUNWALA -
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 know film industry is not a very healthy place to be in.
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Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
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These dire predictions of COVID are behind us. Covid is getting milder and people are learning to treat it better. The percentage of deaths is coming down. We are learning to live with it.
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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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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 thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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I myself am a private equity investor.
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All democratic societies eventually decide what is in favor of them.
RAKESH JHUNJHUNWALA