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.
RAKESH JHUNJHUNWALAI 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.
More Rakesh Jhunjhunwala Quotes
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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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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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There can be no greater well wisher for me in life than my mother.
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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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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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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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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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’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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I am always capital short. If I see the opportunity, I will get the money.
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I do not do any trading internationally.
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I know film industry is not a very healthy place to be in.
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All democratic societies eventually decide what is in favor of them.
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I started my life with Rs 5,000.
RAKESH JHUNJHUNWALA