The government needs to send out a message to the business community that ‘we are on your side.’
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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You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.
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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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Films are getting expensive by the day. They are making more money by the day.
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I 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.
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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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Not being dogmatic has helped me become a better stock-picker.
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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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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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I think true love – love, wine and beauty, they better with age.
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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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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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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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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 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.
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I am buying the most unpopular, most battered stocks, but then who knows?
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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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I don’t think Indian e-commerce companies have an evolved business model.
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Everything which is good in life is dicey, including pretty girls.
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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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The markets are like a weather; you may not like it but you have to bear it.
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Growth comes from chaos, not order.
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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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It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
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I want to give more time to my children, my family, to my health.
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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
RAKESH JHUNJHUNWALA