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.
RAKESH JHUNJHUNWALAI’d be lying if I said I didn’t like the money, but that’s not what motivates me.
More Rakesh Jhunjhunwala Quotes
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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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I am buying the most unpopular, most battered stocks, but then who knows?
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I know film industry is not a very healthy place to be in.
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I reflected a lot, I thought a lot on my 50th birthday. It has been one of the most important birthdays in my life, not in terms of celebration but in terms of retrospect.
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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.
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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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You can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
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The government needs to send out a message to the business community that ‘we are on your side.’
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Everything which is good in life is dicey, including pretty girls.
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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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The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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I have far less than what people think, but far more than I need.
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I think true love – love, wine and beauty, they better with age.
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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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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.
RAKESH JHUNJHUNWALA