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.
RAKESH JHUNJHUNWALAMarkets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
More Rakesh Jhunjhunwala Quotes
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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.
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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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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 want to work in water resources, as I think creating a string of check dams and utilizing water better is far more cost-effective than large stand-alone dams.
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
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Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
RAKESH JHUNJHUNWALA -
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 am buying the most unpopular, most battered stocks, but then who knows?
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What India needs for prosperity is just ease of doing business.
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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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I’m not afraid of losing money, I’m afraid of sour relationships.
RAKESH JHUNJHUNWALA