The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
RAKESH JHUNJHUNWALAI 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.
More Rakesh Jhunjhunwala Quotes
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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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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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Not being dogmatic has helped me become a better stock-picker.
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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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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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 think true love – love, wine and beauty, they better with age.
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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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When the food at home is so tasty, why go out and eat?
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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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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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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