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 JHUNJHUNWALAMarkets tend to shake you up before a bull run.
More Rakesh Jhunjhunwala Quotes
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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 found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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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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?
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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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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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You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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When the food at home is so tasty, why go out and eat?
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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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What India needs for prosperity is just ease of doing business.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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There can be no greater well wisher for me in life than my mother.
RAKESH JHUNJHUNWALA






