There can be no greater well wisher for me in life than my mother.
RAKESH JHUNJHUNWALAThe 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.
More Rakesh Jhunjhunwala Quotes
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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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 am always capital short. If I see the opportunity, I will get the money.
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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.
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Not being dogmatic has helped me become a better stock-picker.
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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 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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.
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I do not think, like people say, that I am a guru or I know everything.
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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.
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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?
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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