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 JHUNJHUNWALADraw a balance between the present and the future and one advice I give to every young Indian – the most difficult thing in India, urban India, is housing. So first thing that you do is try and buy house as that gives a great sense of security.
More Rakesh Jhunjhunwala Quotes
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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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My true gods are my parents. I am what I am because of them.
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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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In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
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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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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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Alternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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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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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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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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Growth comes from chaos, not order.
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You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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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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Markets tend to shake you up before a bull run.
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