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.
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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I have far less than what people think, but far more than I need.
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Impossible is the word for fools in my dictionary.
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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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My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
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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 am buying the most unpopular, most battered stocks, but then who knows?
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I am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
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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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When the food at home is so tasty, why go out and eat?
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I want to give more time to my children, my family, to my health.
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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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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 don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
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Films are getting expensive by the day. They are making more money by the day.
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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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Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
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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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The markets are like a weather; you may not like it but you have to bear it.
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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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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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All democratic societies eventually decide what is in favor of them.
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Not being dogmatic has helped me become a better stock-picker.
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My true gods are my parents. I am what I am because of them.
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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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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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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.
RAKESH JHUNJHUNWALA