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.
RAKESH JHUNJHUNWALAUltimately 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.
More Rakesh Jhunjhunwala Quotes
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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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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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The markets are like a weather; you may not like it but you have to bear it.
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You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.
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I don’t think Indian e-commerce companies have an evolved business model.
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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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The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks.
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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.
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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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Films are getting expensive by the day. They are making more money by the day.
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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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I think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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What India needs for prosperity is just ease of doing business.
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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?
RAKESH JHUNJHUNWALA






