The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks.
RAKESH JHUNJHUNWALAI am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
More Rakesh Jhunjhunwala Quotes
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I myself am a private equity investor.
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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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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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I have far less than what people think, but far more than I need.
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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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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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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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I do not think, like people say, that I am a guru or I know everything.
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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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I’m not afraid of losing money, I’m afraid of sour relationships.
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The markets are like a weather; you may not like it but you have to bear it.
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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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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 know film industry is not a very healthy place to be in.
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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
RAKESH JHUNJHUNWALA