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.
RAKESH JHUNJHUNWALAI am not giving so much of my wealth that I should feel that I am a philanthropist.
More Rakesh Jhunjhunwala Quotes
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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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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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I do not think, like people say, that I am a guru or I know everything.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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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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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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I am buying the most unpopular, most battered stocks, but then who knows?
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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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I 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.
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I am an optimist by nature and I reserve the right to be wrong.
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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.
RAKESH JHUNJHUNWALA