I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
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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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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What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
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I think true love – love, wine and beauty, they better with age.
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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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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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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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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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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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You 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.
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I have far less than what people think, but far more than I need.
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Not being dogmatic has helped me become a better stock-picker.
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When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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Apart 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.
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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 think Indian e-commerce companies have an evolved business model.
RAKESH JHUNJHUNWALA -
Growth comes from chaos, not order.
RAKESH JHUNJHUNWALA -
When the food at home is so tasty, why go out and eat?
RAKESH JHUNJHUNWALA -
The government needs to send out a message to the business community that ‘we are on your side.’
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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What India needs for prosperity is just ease of doing business.
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My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
RAKESH JHUNJHUNWALA