I don’t think Indian e-commerce companies have an evolved business model.
RAKESH JHUNJHUNWALAIn my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.
More Rakesh Jhunjhunwala Quotes
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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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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.
RAKESH JHUNJHUNWALA -
In my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.
RAKESH JHUNJHUNWALA -
In a marriage, in a relationship there should not be your money and my money. It has to be our money.
RAKESH JHUNJHUNWALA -
Impossible is the word for fools in my dictionary.
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I have far less than what people think, but far more than I need.
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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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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world power. We have the lowest cost, good technology, Indian companies are gaining size.
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My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
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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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All democratic societies eventually decide what is in favor of them.
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These dire predictions of COVID are behind us. Covid is getting milder and people are learning to treat it better. The percentage of deaths is coming down. We are learning to live with it.
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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.
RAKESH JHUNJHUNWALA