The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
RAKESH JHUNJHUNWALAI’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
More Rakesh Jhunjhunwala Quotes
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When the food at home is so tasty, why go out and eat?
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You can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
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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 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 do any trading internationally.
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I am always capital short. If I see the opportunity, I will get the money.
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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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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I want to give more time to my children, my family, to my health.
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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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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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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 myself am a private equity investor.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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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.
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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’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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Everything which is good in life is dicey, including pretty girls.
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Markets tend to shake you up before a bull run.
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I am interested in government spend quality, as it accounts for the biggest chunk of the social spending pie. Hundreds of foundations put together cannot equal what the government can spend.
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I don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
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Bull markets are Test matches and not 50-over games.
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The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
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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.
RAKESH JHUNJHUNWALA