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.
RAKESH JHUNJHUNWALAI made many mistakes but my triumphs have received far greater publicity than my failures.
More Rakesh Jhunjhunwala Quotes
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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
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These dire predictions of COVID are behind us. Covid is getting milder and people are learning to treat it better. The percentage of deaths is coming down. We are learning to live with it.
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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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Alternatives 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.
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Markets tend to shake you up before a bull run.
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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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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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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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I reflected a lot, I thought a lot on my 50th birthday. It has been one of the most important birthdays in my life, not in terms of celebration but in terms of retrospect.
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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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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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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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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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Not being dogmatic has helped me become a better stock-picker.
RAKESH JHUNJHUNWALA






