I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
RAKESH JHUNJHUNWALAThere can be no greater well wisher for me in life than my mother.
More Rakesh Jhunjhunwala Quotes
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Growth comes from chaos, not order.
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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.
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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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I don’t think Indian e-commerce companies have an evolved business model.
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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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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
RAKESH JHUNJHUNWALA -
When the food at home is so tasty, why go out and eat?
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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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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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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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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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The government needs to send out a message to the business community that ‘we are on your side.’
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All democratic societies eventually decide what is in favor of them.
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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
RAKESH JHUNJHUNWALA