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 JHUNJHUNWALAThe first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
More Rakesh Jhunjhunwala Quotes
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All democratic societies eventually decide what is in favor of them.
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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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I made many mistakes but my triumphs have received far greater publicity than my failures.
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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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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.
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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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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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What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
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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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Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
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I reflected a lot, I thought a lot on my 50th birthday. It has been one of the most important birthdays in my life, not in terms of celebration but in terms of retrospect.
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I don’t think Indian e-commerce companies have an evolved business model.
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When the food at home is so tasty, why go out and eat?
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I know film industry is not a very healthy place to be in.
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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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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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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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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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I myself am a private equity investor.
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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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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
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I am always capital short. If I see the opportunity, I will get the money.
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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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Markets tend to shake you up before a bull run.
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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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What India needs for prosperity is just ease of doing business.
RAKESH JHUNJHUNWALA