Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
RAKESH JHUNJHUNWALAThere 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.
More Rakesh Jhunjhunwala Quotes
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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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I started my life with Rs 5,000.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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Impossible is the word for fools in my dictionary.
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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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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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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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All democratic societies eventually decide what is in favor of them.
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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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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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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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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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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.
RAKESH JHUNJHUNWALA