I know film industry is not a very healthy place to be in.
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 am not giving so much of my wealth that I should feel that I am a philanthropist.
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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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Bull markets are Test matches and not 50-over games.
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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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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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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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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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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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It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
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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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I don’t think Indian e-commerce companies have an evolved business model.
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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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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
RAKESH JHUNJHUNWALA -
I don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
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My father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss about the stock market.
RAKESH JHUNJHUNWALA -
Films are getting expensive by the day. They are making more money by the day.
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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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My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
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Growth comes from chaos, not order.
RAKESH JHUNJHUNWALA -
The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
RAKESH JHUNJHUNWALA -
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.
RAKESH JHUNJHUNWALA -
I am always capital short. If I see the opportunity, I will get the money.
RAKESH JHUNJHUNWALA -
There can be no greater well wisher for me in life than my mother.
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I do not do any trading internationally.
RAKESH JHUNJHUNWALA