The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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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I am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
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There can be no greater well wisher for me in life than my mother.
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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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I myself am a private equity investor.
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Not being dogmatic has helped me become a better stock-picker.
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I do not do any trading internationally.
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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
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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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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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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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What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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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.
RAKESH JHUNJHUNWALA