Not being dogmatic has helped me become a better stock-picker.
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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If you have a company called x and today you feel the price is very high. Next year it could perform very well but the price may not perform. So in the stock market what happens is buy on the rumor, sell on the news.
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I know film industry is not a very healthy place to be in.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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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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I am buying the most unpopular, most battered stocks, but then who knows?
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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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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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The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
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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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When the food at home is so tasty, why go out and eat?
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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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Growth comes from chaos, not order.
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I want to give more time to my children, my family, to my health.
RAKESH JHUNJHUNWALA