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.
RAKESH JHUNJHUNWALAI am buying the most unpopular, most battered stocks, but then who knows?
More Rakesh Jhunjhunwala Quotes
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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 have far less than what people think, but far more than I need.
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I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
RAKESH JHUNJHUNWALA -
People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
RAKESH JHUNJHUNWALA -
These dire predictions of COVID are behind us. Covid is getting milder and people are learning to treat it better. The percentage of deaths is coming down. We are learning to live with it.
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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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My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
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I want to work in water resources, as I think creating a string of check dams and utilizing water better is far more cost-effective than large stand-alone dams.
RAKESH JHUNJHUNWALA -
Bull markets are Test matches and not 50-over games.
RAKESH JHUNJHUNWALA -
I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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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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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I do not think, like people say, that I am a guru or I know everything.
RAKESH JHUNJHUNWALA -
I am buying the most unpopular, most battered stocks, but then who knows?
RAKESH JHUNJHUNWALA -
I don’t think Indian e-commerce companies have an evolved business model.
RAKESH JHUNJHUNWALA