Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
RAKESH JHUNJHUNWALAWhen the food at home is so tasty, why go out and eat?
More Rakesh Jhunjhunwala Quotes
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What India needs for prosperity is just ease of doing business.
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Markets tend to shake you up before a bull run.
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My true gods are my parents. I am what I am because of them.
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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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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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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 know film industry is not a very healthy place to be in.
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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 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 have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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When the food at home is so tasty, why go out and eat?
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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 is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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Growth comes from chaos, not order.
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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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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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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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Bull markets are Test matches and not 50-over games.
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There can be no greater well wisher for me in life than my mother.
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Impossible is the word for fools in my dictionary.
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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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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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Draw 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.
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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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The government needs to send out a message to the business community that ‘we are on your side.’
RAKESH JHUNJHUNWALA