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 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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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
RAKESH JHUNJHUNWALA -
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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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
RAKESH JHUNJHUNWALA -
Not being dogmatic has helped me become a better stock-picker.
RAKESH JHUNJHUNWALA -
I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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I made many mistakes but my triumphs have received far greater publicity than my failures.
RAKESH JHUNJHUNWALA -
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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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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I know film industry is not a very healthy place to be in.
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I have far less than what people think, but far more than I need.
RAKESH JHUNJHUNWALA