But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
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 not giving so much of my wealth that I should feel that I am a philanthropist.
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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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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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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.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
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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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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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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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Markets tend to shake you up before a bull run.
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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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My true gods are my parents. I am what I am because of them.
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
RAKESH JHUNJHUNWALA