I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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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I have far less than what people think, but far more than I need.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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I do not do any trading internationally.
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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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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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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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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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Not being dogmatic has helped me become a better stock-picker.
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I am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
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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.
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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’m not afraid of losing money, I’m afraid of sour relationships.
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What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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I am an optimist by nature and I reserve the right to be wrong.
RAKESH JHUNJHUNWALA