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 JHUNJHUNWALAI myself am a private equity investor.
More Rakesh Jhunjhunwala Quotes
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I am buying the most unpopular, most battered stocks, but then who knows?
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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 -
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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
RAKESH JHUNJHUNWALA -
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.
RAKESH JHUNJHUNWALA -
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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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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I am an optimist by nature and I reserve the right to be wrong.
RAKESH JHUNJHUNWALA -
I myself am a private equity investor.
RAKESH JHUNJHUNWALA -
I’m not afraid of losing money, I’m afraid of sour relationships.
RAKESH JHUNJHUNWALA -
I don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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There can be no greater well wisher for me in life than my mother.
RAKESH JHUNJHUNWALA