I don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
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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The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks.
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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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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’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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The markets are like a weather; you may not like it but you have to bear it.
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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 think true love – love, wine and beauty, they better with age.
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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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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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I am buying the most unpopular, most battered stocks, but then who knows?
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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
RAKESH JHUNJHUNWALA