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.
RAKESH JHUNJHUNWALAWhen 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.
More Rakesh Jhunjhunwala Quotes
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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 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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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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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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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 think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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 myself am a private equity investor.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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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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I think true love – love, wine and beauty, they better with age.
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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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Not being dogmatic has helped me become a better stock-picker.
RAKESH JHUNJHUNWALA