The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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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The government needs to send out a message to the business community that ‘we are on your side.’
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Bull markets are Test matches and not 50-over games.
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Impossible is the word for fools in my dictionary.
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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 am not giving so much of my wealth that I should feel that I am a philanthropist.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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I do not think, like people say, that I am a guru or I know everything.
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I want to give more time to my children, my family, to my health.
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There can be no greater well wisher for me in life than my mother.
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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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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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I am buying the most unpopular, most battered stocks, but then who knows?
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Films are getting expensive by the day. They are making more money by the day.
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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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When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
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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 cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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I do not do any trading internationally.
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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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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