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 JHUNJHUNWALAWhat happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
More Rakesh Jhunjhunwala Quotes
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I know film industry is not a very healthy place to be in.
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The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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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 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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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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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 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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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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I myself am a private equity investor.
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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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Not being dogmatic has helped me become a better stock-picker.
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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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In a marriage, in a relationship there should not be your money and my money. It has to be our money.
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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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The markets are like a weather; you may not like it but you have to bear it.
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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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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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What India needs for prosperity is just ease of doing business.
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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.
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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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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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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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I want to give more time to my children, my family, to my health.
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What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
RAKESH JHUNJHUNWALA -
Impossible is the word for fools in my dictionary.
RAKESH JHUNJHUNWALA