You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.
RAKESH JHUNJHUNWALABull markets are Test matches and not 50-over games.
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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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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My father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss about the stock market.
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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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When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
RAKESH JHUNJHUNWALA -
Films are getting expensive by the day. They are making more money by the day.
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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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Markets tend to shake you up before a bull run.
RAKESH JHUNJHUNWALA -
I want to give more time to my children, my family, to my health.
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I do not do any trading internationally.
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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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I am always capital short. If I see the opportunity, I will get the money.
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All democratic societies eventually decide what is in favor of them.
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Not being dogmatic has helped me become a better stock-picker.
RAKESH JHUNJHUNWALA