I have far less than what people think, but far more than I need.
RAKESH JHUNJHUNWALAWhat is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
More Rakesh Jhunjhunwala Quotes
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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I am always capital short. If I see the opportunity, I will get the money.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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I started my life with Rs 5,000.
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Alternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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I do not think, like people say, that I am a guru or I know everything.
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Growth comes from chaos, not order.
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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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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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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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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I myself am a private equity investor.
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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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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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
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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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I think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
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There can be no greater well wisher for me in life than my mother.
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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
RAKESH JHUNJHUNWALA