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 JHUNJHUNWALAYou 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.
More Rakesh Jhunjhunwala Quotes
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I started my life with Rs 5,000.
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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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The government needs to send out a message to the business community that ‘we are on your side.’
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Bull markets have valuation froth and bull markets have commitment forth. Now just by valuation froth, bull markets do not end.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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I think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
RAKESH JHUNJHUNWALA -
If 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.
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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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What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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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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I made many mistakes but my triumphs have received far greater publicity than my failures.
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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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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I have far less than what people think, but far more than I need.
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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?
RAKESH JHUNJHUNWALA