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.
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 think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
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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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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 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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I myself am a private equity investor.
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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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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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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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I started my life with Rs 5,000.
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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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In a marriage, in a relationship there should not be your money and my money. It has to be our money.
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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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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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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 am an optimist by nature and I reserve the right to be wrong.
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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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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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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 markets are like a weather; you may not like it but you have to bear it.
RAKESH JHUNJHUNWALA