But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
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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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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Markets tend to shake you up before a bull run.
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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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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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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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Films are getting expensive by the day. They are making more money by the day.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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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 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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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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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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I am an optimist by nature and I reserve the right to be wrong.
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All democratic societies eventually decide what is in favor of them.
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I do not do any trading internationally.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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Bull markets are Test matches and not 50-over games.
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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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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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In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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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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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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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.
RAKESH JHUNJHUNWALA