I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
RAKESH JHUNJHUNWALAI want to give more time to my children, my family, to my health.
More Rakesh Jhunjhunwala Quotes
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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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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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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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Impossible is the word for fools in my dictionary.
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I started my life with Rs 5,000.
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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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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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The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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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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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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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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Markets tend to shake you up before a bull run.
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I do not do any trading internationally.
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I myself am a private equity investor.
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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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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I am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
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What India needs for prosperity is just ease of doing business.
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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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It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
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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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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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Growth comes from chaos, not order.
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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.
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I know film industry is not a very healthy place to be in.
RAKESH JHUNJHUNWALA