Markets tend to shake you up before a bull run.
RAKESH JHUNJHUNWALAI think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
More Rakesh Jhunjhunwala Quotes
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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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I do not do any trading internationally.
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The markets are like a weather; you may not like it but you have to bear it.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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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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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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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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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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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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Films are getting expensive by the day. They are making more money by the day.
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The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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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.
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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.
RAKESH JHUNJHUNWALA