Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
RAKESH JHUNJHUNWALAWhat leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
More Rakesh Jhunjhunwala Quotes
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I don’t think Indian e-commerce companies have an evolved business model.
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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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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 made many mistakes but my triumphs have received far greater publicity than my failures.
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I think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
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I do not think, like people say, that I am a guru or I know everything.
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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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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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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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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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Everything which is good in life is dicey, including pretty girls.
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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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You cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
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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.
RAKESH JHUNJHUNWALA