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.
RAKESH JHUNJHUNWALAI am always capital short. If I see the opportunity, I will get the money.
More Rakesh Jhunjhunwala Quotes
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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 think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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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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Films are getting expensive by the day. They are making more money by the day.
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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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The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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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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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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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 am an optimist by nature and I reserve the right to be wrong.
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Success 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.
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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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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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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 very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
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I started my life with Rs 5,000.
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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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What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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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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Everything which is good in life is dicey, including pretty girls.
RAKESH JHUNJHUNWALA -
Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
RAKESH JHUNJHUNWALA -
Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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.
RAKESH JHUNJHUNWALA