I made many mistakes but my triumphs have received far greater publicity than my failures.
RAKESH JHUNJHUNWALABull markets are Test matches and not 50-over games.
More Rakesh Jhunjhunwala Quotes
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My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
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I do not do any trading internationally.
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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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I think true love – love, wine and beauty, they better with age.
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Films are getting expensive by the day. They are making more money by the day.
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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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I am an optimist by nature and I reserve the right to be wrong.
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I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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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.
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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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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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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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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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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.
RAKESH JHUNJHUNWALA