Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
RAKESH JHUNJHUNWALAI’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
More Rakesh Jhunjhunwala Quotes
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All democratic societies eventually decide what is in favor of them.
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I am an optimist by nature and I reserve the right to be wrong.
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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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I am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
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I do not think, like people say, that I am a guru or I know everything.
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There can be no greater well wisher for me in life than my mother.
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I do not do any trading internationally.
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What India needs for prosperity is just ease of doing business.
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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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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My true gods are my parents. I am what I am because of them.
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Growth comes from chaos, not order.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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 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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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’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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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 have far less than what people think, but far more than I need.
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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 started my life with Rs 5,000.
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Markets tend to shake you up before a bull run.
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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 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 am interested in government spend quality, as it accounts for the biggest chunk of the social spending pie. Hundreds of foundations put together cannot equal what the government can spend.
RAKESH JHUNJHUNWALA