I have far less than what people think, but far more than I need.
RAKESH JHUNJHUNWALAThe world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
More Rakesh Jhunjhunwala Quotes
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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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All democratic societies eventually decide what is in favor of them.
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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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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’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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Growth comes from chaos, not order.
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I am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
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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.
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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’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.
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Not being dogmatic has helped me become a better stock-picker.
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What India needs for prosperity is just ease of doing business.
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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’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
RAKESH JHUNJHUNWALA