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?
RAKESH JHUNJHUNWALAI think true love – love, wine and beauty, they better with age.
More Rakesh Jhunjhunwala Quotes
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I started my life with Rs 5,000.
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Bull markets are Test matches and not 50-over games.
RAKESH JHUNJHUNWALA -
There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
RAKESH JHUNJHUNWALA -
I’m not afraid of losing money, I’m afraid of sour relationships.
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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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These 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.
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I am buying the most unpopular, most battered stocks, but then who knows?
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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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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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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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I want to work in water resources, as I think creating a string of check dams and utilizing water better is far more cost-effective than large stand-alone dams.
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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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I do not think, like people say, that I am a guru or I know everything.
RAKESH JHUNJHUNWALA