It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
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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I do not think, like people say, that I am a guru or I know everything.
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I know film industry is not a very healthy place to be in.
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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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I want to give more time to my children, my family, to my health.
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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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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
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I am an optimist by nature and I reserve the right to be wrong.
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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.
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Bull markets are Test matches and not 50-over games.
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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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I started my life with Rs 5,000.
RAKESH JHUNJHUNWALA