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 JHUNJHUNWALAMy true gods are my parents. I am what I am because of them.
More Rakesh Jhunjhunwala Quotes
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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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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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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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Films are getting expensive by the day. They are making more money by the day.
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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
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Not being dogmatic has helped me become a better stock-picker.
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I do not do any trading internationally.
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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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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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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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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I made many mistakes but my triumphs have received far greater publicity than my failures.
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Markets tend to shake you up before a bull run.
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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 started my life with Rs 5,000.
RAKESH JHUNJHUNWALA