I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
RAKESH JHUNJHUNWALAI am buying the most unpopular, most battered stocks, but then who knows?
More Rakesh Jhunjhunwala Quotes
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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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Growth comes from chaos, not order.
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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.
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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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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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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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I don’t think Indian e-commerce companies have an evolved business model.
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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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I am always capital short. If I see the opportunity, I will get the money.
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When the food at home is so tasty, why go out and eat?
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There can be no greater well wisher for me in life than my mother.
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In my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.
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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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I am buying the most unpopular, most battered stocks, but then who knows?
RAKESH JHUNJHUNWALA