You can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
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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Not being dogmatic has helped me become a better stock-picker.
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I myself am a private equity investor.
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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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There can be no greater well wisher for me in life than my mother.
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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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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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I do not do any trading internationally.
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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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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.
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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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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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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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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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I do not think, like people say, that I am a guru or I know everything.
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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 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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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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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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Everything which is good in life is dicey, including pretty girls.
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The government needs to send out a message to the business community that ‘we are on your side.’
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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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I think true love – love, wine and beauty, they better with age.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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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.
RAKESH JHUNJHUNWALA