I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
RAKESH JHUNJHUNWALABull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
More Rakesh Jhunjhunwala Quotes
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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 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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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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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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I don’t think Indian e-commerce companies have an evolved business model.
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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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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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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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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.
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Impossible is the word for fools in my dictionary.
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My true gods are my parents. I am what I am because of them.
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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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