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 JHUNJHUNWALAInsurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
More Rakesh Jhunjhunwala Quotes
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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 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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I want to give more time to my children, my family, to my health.
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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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The government needs to send out a message to the business community that ‘we are on your side.’
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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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Bull markets are Test matches and not 50-over games.
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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’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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I myself am a private equity investor.
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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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Not being dogmatic has helped me become a better stock-picker.
RAKESH JHUNJHUNWALA