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.
RAKESH JHUNJHUNWALAIf 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.
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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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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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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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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Everything which is good in life is dicey, including pretty girls.
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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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Growth comes from chaos, not order.
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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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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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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.
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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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Bull markets are Test matches and not 50-over games.
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I am an optimist by nature and I reserve the right to be wrong.
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The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks.
RAKESH JHUNJHUNWALA