The government needs to send out a message to the business community that ‘we are on your side.’
RAKESH JHUNJHUNWALAMarkets go up not because there is abundance of buyers, but because there is a lack of sellers.
More Rakesh Jhunjhunwala Quotes
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I think true love – love, wine and beauty, they better with age.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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Not being dogmatic has helped me become a better stock-picker.
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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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Impossible is the word for fools in my dictionary.
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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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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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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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I do not do any trading internationally.
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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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Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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