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.
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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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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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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All democratic societies eventually decide what is in favor of them.
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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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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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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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Impossible is the word for fools in my dictionary.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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The government needs to send out a message to the business community that ‘we are on your side.’
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What India needs for prosperity is just ease of doing business.
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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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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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Bull markets are Test matches and not 50-over games.
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Films are getting expensive by the day. They are making more money by the day.
RAKESH JHUNJHUNWALA