What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
RAKESH JHUNJHUNWALAYou know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.
More Rakesh Jhunjhunwala Quotes
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I am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
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Not being dogmatic has helped me become a better stock-picker.
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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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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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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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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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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 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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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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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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In my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.
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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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Markets tend to shake you up before a bull run.
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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.
RAKESH JHUNJHUNWALA