I don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
RAKESH JHUNJHUNWALAThese dire predictions of COVID are behind us. Covid is getting milder and people are learning to treat it better. The percentage of deaths is coming down. We are learning to live with it.
More Rakesh Jhunjhunwala Quotes
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I am always capital short. If I see the opportunity, I will get the money.
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I myself am a private equity investor.
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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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I know film industry is not a very healthy place to be in.
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Not being dogmatic has helped me become a better stock-picker.
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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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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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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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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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You cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
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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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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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I am buying the most unpopular, most battered stocks, but then who knows?
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I think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
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I don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
RAKESH JHUNJHUNWALA