I am an optimist by nature and I reserve the right to be wrong.
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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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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 true gods are my parents. I am what I am because of them.
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You cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
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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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I have far less than what people think, but far more than I need.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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Films are getting expensive by the day. They are making more money by the day.
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The 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.
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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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I want to work in water resources, as I think creating a string of check dams and utilizing water better is far more cost-effective than large stand-alone dams.
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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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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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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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The markets are like a weather; you may not like it but you have to bear it.
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I myself am a private equity investor.
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Markets tend to shake you up before a bull run.
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What India needs for prosperity is just ease of doing business.
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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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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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When the food at home is so tasty, why go out and eat?
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I know film industry is not a very healthy place to be in.
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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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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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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.
RAKESH JHUNJHUNWALA