I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
RAKESH JHUNJHUNWALAImpossible is the word for fools in my dictionary.
More Rakesh Jhunjhunwala Quotes
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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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What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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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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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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All democratic societies eventually decide what is in favor of them.
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I myself am a private equity investor.
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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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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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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 don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
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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 am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
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What India needs for prosperity is just ease of doing business.
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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.
RAKESH JHUNJHUNWALA