Everything which is good in life is dicey, including pretty girls.
RAKESH JHUNJHUNWALAI don’t think Indian e-commerce companies have an evolved business model.
More Rakesh Jhunjhunwala Quotes
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Not being dogmatic has helped me become a better stock-picker.
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I do not think, like people say, that I am a guru or I know everything.
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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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Films are getting expensive by the day. They are making more money by the day.
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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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You can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
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All democratic societies eventually decide what is in favor of them.
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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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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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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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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
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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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There can be no greater well wisher for me in life than my mother.
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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 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 always capital short. If I see the opportunity, I will get the money.
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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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Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
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The government needs to send out a message to the business community that ‘we are on your side.’
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I’m not afraid of losing money, I’m afraid of sour relationships.
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There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world power. We have the lowest cost, good technology, Indian companies are gaining size.
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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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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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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.
RAKESH JHUNJHUNWALA