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.
RAKESH JHUNJHUNWALAMy true gods are my parents. I am what I am because of them.
More Rakesh Jhunjhunwala Quotes
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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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I think true love – love, wine and beauty, they better with age.
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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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When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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Not being dogmatic has helped me become a better stock-picker.
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Bull markets are Test matches and not 50-over games.
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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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I want to give more time to my children, my family, to my health.
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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.
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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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Draw a balance between the present and the future and one advice I give to every young Indian – the most difficult thing in India, urban India, is housing. So first thing that you do is try and buy house as that gives a great sense of security.
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I myself am a private equity investor.
RAKESH JHUNJHUNWALA