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 JHUNJHUNWALAI am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
More Rakesh Jhunjhunwala Quotes
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I reflected a lot, I thought a lot on my 50th birthday. It has been one of the most important birthdays in my life, not in terms of celebration but in terms of retrospect.
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I don’t think Indian e-commerce companies have an evolved business model.
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Not being dogmatic has helped me become a better stock-picker.
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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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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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All democratic societies eventually decide what is in favor of them.
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My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
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I’m not afraid of losing money, I’m afraid of sour relationships.
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I am buying the most unpopular, most battered stocks, but then who knows?
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I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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What India needs for prosperity is just ease of doing business.
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My true gods are my parents. I am what I am because of them.
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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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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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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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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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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There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world power. We have the lowest cost, good technology, Indian companies are gaining size.
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Growth comes from chaos, not order.
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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 have far less than what people think, but far more than I need.
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When the food at home is so tasty, why go out and eat?
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Films are getting expensive by the day. They are making more money by the day.
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I think true love – love, wine and beauty, they better with age.
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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