Impossible is the word for fools in my dictionary.
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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The government needs to send out a message to the business community that ‘we are on your side.’
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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 know film industry is not a very healthy place to be in.
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Bull markets are Test matches and not 50-over games.
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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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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 do not do any trading internationally.
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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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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 think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks.
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In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
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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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Not being dogmatic has helped me become a better stock-picker.
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I don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
RAKESH JHUNJHUNWALA