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.
RAKESH JHUNJHUNWALABut I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
More Rakesh Jhunjhunwala Quotes
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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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Markets tend to shake you up before a bull run.
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My true gods are my parents. I am what I am because of them.
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I know film industry is not a very healthy place to be in.
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I myself am a private equity investor.
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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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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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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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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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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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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Not being dogmatic has helped me become a better stock-picker.
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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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Growth comes from chaos, not order.
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I am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
RAKESH JHUNJHUNWALA