Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
RAKESH JHUNJHUNWALAAlternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
More Rakesh Jhunjhunwala Quotes
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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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There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world power. We have the lowest cost, good technology, Indian companies are gaining size.
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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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The government needs to send out a message to the business community that ‘we are on your side.’
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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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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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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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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I want to give more time to my children, my family, to my health.
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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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Films are getting expensive by the day. They are making more money by the day.
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I started my life with Rs 5,000.
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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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You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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Impossible is the word for fools in my dictionary.
RAKESH JHUNJHUNWALA