I do not think, like people say, that I am a guru or I know everything.
RAKESH JHUNJHUNWALAApart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
More Rakesh Jhunjhunwala Quotes
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Markets tend to shake you up before a bull run.
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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 don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
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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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Not being dogmatic has helped me become a better stock-picker.
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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 don’t think Indian e-commerce companies have an evolved business model.
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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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Growth comes from chaos, not order.
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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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You 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.
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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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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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I am always capital short. If I see the opportunity, I will get the money.
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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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