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.
RAKESH JHUNJHUNWALAMy true gods are my parents. I am what I am because of them.
More Rakesh Jhunjhunwala Quotes
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Bull markets are Test matches and not 50-over games.
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I know film industry is not a very healthy place to be in.
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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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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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I think true love – love, wine and beauty, they better with age.
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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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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
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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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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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I do not think, like people say, that I am a guru or I know everything.
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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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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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I have far less than what people think, but far more than I need.
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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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What India needs for prosperity is just ease of doing business.
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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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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 think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
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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 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.
RAKESH JHUNJHUNWALA