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.
RAKESH JHUNJHUNWALAYou can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
More Rakesh Jhunjhunwala Quotes
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The markets are like a weather; you may not like it but you have to bear it.
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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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Not being dogmatic has helped me become a better stock-picker.
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In a marriage, in a relationship there should not be your money and my money. It has to be our money.
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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.
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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 am not giving so much of my wealth that I should feel that I am a philanthropist.
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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 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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I am buying the most unpopular, most battered stocks, but then who knows?
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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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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
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There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world power. We have the lowest cost, good technology, Indian companies are gaining size.
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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.
RAKESH JHUNJHUNWALA