What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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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Markets tend to shake you up before a bull run.
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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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What India needs for prosperity is just ease of doing business.
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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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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 think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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Everything which is good in life is dicey, including pretty girls.
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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 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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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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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 do not do any trading internationally.
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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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Not being dogmatic has helped me become a better stock-picker.
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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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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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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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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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I want to give more time to my children, my family, to my health.
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I started my life with Rs 5,000.
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The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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Growth comes from chaos, not order.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
RAKESH JHUNJHUNWALA