Impossible is the word for fools in my dictionary.
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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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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My true gods are my parents. I am what I am because of them.
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I reflected a lot, I thought a lot on my 50th birthday. It has been one of the most important birthdays in my life, not in terms of celebration but in terms of retrospect.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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Growth comes from chaos, not order.
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I have far less than what people think, but far more than I need.
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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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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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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 tend to shake you up before a bull run.
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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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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 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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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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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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You 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.
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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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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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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When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
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I started my life with Rs 5,000.
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All democratic societies eventually decide what is in favor of them.
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I am buying the most unpopular, most battered stocks, but then who knows?
RAKESH JHUNJHUNWALA