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.
RAKESH JHUNJHUNWALAWhen there’s doom and gloom, don’t forget there’s darkness before dawn.
More Rakesh Jhunjhunwala Quotes
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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.
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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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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 am buying the most unpopular, most battered stocks, but then who knows?
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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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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
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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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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
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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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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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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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I am always capital short. If I see the opportunity, I will get the money.
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I think true love – love, wine and beauty, they better with age.
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I don’t think Indian e-commerce companies have an evolved business model.
RAKESH JHUNJHUNWALA