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 JHUNJHUNWALAWhat leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
More Rakesh Jhunjhunwala Quotes
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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 am always capital short. If I see the opportunity, I will get the money.
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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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I started my life with Rs 5,000.
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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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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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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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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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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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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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Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
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If you have a company called x and today you feel the price is very high. Next year it could perform very well but the price may not perform. So in the stock market what happens is buy on the rumor, sell on the news.
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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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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 don’t think Indian e-commerce companies have an evolved business model.
RAKESH JHUNJHUNWALA