What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
RAKESH JHUNJHUNWALAI’m not afraid of losing money, I’m afraid of sour relationships.
More Rakesh Jhunjhunwala Quotes
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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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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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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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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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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 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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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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I don’t think Indian e-commerce companies have an evolved business model.
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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 started my life with Rs 5,000.
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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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Markets tend to shake you up before a bull run.
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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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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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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
RAKESH JHUNJHUNWALA