What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
RAKESH JHUNJHUNWALAIn commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
More Rakesh Jhunjhunwala Quotes
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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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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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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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My true gods are my parents. I am what I am because of them.
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Bull markets are Test matches and not 50-over games.
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I don’t think Indian e-commerce companies have an evolved business model.
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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 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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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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There can be no greater well wisher for me in life than my mother.
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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 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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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.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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I don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
RAKESH JHUNJHUNWALA