In a marriage, in a relationship there should not be your money and my money. It has to be our money.
RAKESH JHUNJHUNWALAI’m not afraid of losing money, I’m afraid of sour relationships.
More Rakesh Jhunjhunwala Quotes
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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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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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If you have a company called x and today you feel the price is very high. Next year it could perform very well but the price may not perform. So in the stock market what happens is buy on the rumor, sell on the news.
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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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I myself am a private equity investor.
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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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My father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss about the stock market.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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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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What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
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I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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I am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
RAKESH JHUNJHUNWALA