When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
RAKESH JHUNJHUNWALAThere can be no greater well wisher for me in life than my mother.
More Rakesh Jhunjhunwala Quotes
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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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I’m not afraid of losing money, I’m afraid of sour relationships.
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I am an optimist by nature and I reserve the right to be wrong.
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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 have far less than what people think, but far more than I need.
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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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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
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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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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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What India needs for prosperity is just ease of doing business.
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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 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.
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The government needs to send out a message to the business community that ‘we are on your side.’
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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.
RAKESH JHUNJHUNWALA