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.
RAKESH JHUNJHUNWALAIn India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
More Rakesh Jhunjhunwala Quotes
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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 found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
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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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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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I have far less than what people think, but far more than I need.
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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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There can be no greater well wisher for me in life than my mother.
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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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My true gods are my parents. I am what I am because of them.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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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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What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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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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I don’t think Indian e-commerce companies have an evolved business model.
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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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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.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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I do not do any trading internationally.
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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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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
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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.
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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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I know film industry is not a very healthy place to be in.
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Films are getting expensive by the day. They are making more money by the day.
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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?
RAKESH JHUNJHUNWALA