My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
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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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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I do not do any trading internationally.
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Not being dogmatic has helped me become a better stock-picker.
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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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I am buying the most unpopular, most battered stocks, but then who knows?
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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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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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I am always capital short. If I see the opportunity, I will get the money.
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I have far less than what people think, but far more than I need.
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Growth comes from chaos, not order.
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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 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.
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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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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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I do not think, like people say, that I am a guru or I know everything.
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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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I am an optimist by nature and I reserve the right to be wrong.
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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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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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What India needs for prosperity is just ease of doing business.
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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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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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When there’s doom and gloom, don’t forget there’s darkness before dawn.
RAKESH JHUNJHUNWALA