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.
RAKESH JHUNJHUNWALAI do not do any trading internationally.
More Rakesh Jhunjhunwala Quotes
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
RAKESH JHUNJHUNWALA -
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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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 -
When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
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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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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 -
Everything which is good in life is dicey, including pretty girls.
RAKESH JHUNJHUNWALA -
I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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Impossible is the word for fools in my dictionary.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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When the food at home is so tasty, why go out and eat?
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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.
RAKESH JHUNJHUNWALA