I am buying the most unpopular, most battered stocks, but then who knows?
RAKESH JHUNJHUNWALAI want to give more time to my children, my family, to my health.
More Rakesh Jhunjhunwala Quotes
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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 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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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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I’m not afraid of losing money, I’m afraid of sour relationships.
RAKESH JHUNJHUNWALA -
I do not think, like people say, that I am a guru or I know everything.
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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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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.
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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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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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The markets are like a weather; you may not like it but you have to bear it.
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I have far less than what people think, but far more than I need.
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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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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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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?
RAKESH JHUNJHUNWALA