My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
RAKESH JHUNJHUNWALAThe biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
More Rakesh Jhunjhunwala Quotes
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I am an optimist by nature and I reserve the right to be wrong.
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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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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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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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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
RAKESH JHUNJHUNWALA -
In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
RAKESH JHUNJHUNWALA -
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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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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When the food at home is so tasty, why go out and eat?
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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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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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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.
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Markets tend to shake you up before a bull run.
RAKESH JHUNJHUNWALA