I am buying the most unpopular, most battered stocks, but then who knows?
RAKESH JHUNJHUNWALASuccess 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.
More Rakesh Jhunjhunwala Quotes
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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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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Bull markets are Test matches and not 50-over games.
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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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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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 am always capital short. If I see the opportunity, I will get the money.
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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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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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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 myself am a private equity investor.
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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 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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The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
RAKESH JHUNJHUNWALA