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 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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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 think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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I do not think, like people say, that I am a guru or I know everything.
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Everything which is good in life is dicey, including pretty girls.
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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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Not being dogmatic has helped me become a better stock-picker.
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Bull markets are Test matches and not 50-over games.
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Impossible is the word for fools in my dictionary.
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I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
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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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I want to give more time to my children, my family, to my health.
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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.
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Markets tend to shake you up before a bull run.
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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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My father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss about the stock market.
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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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The government needs to send out a message to the business community that ‘we are on your side.’
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What India needs for prosperity is just ease of doing business.
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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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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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All democratic societies eventually decide what is in favor of them.
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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I think true love – love, wine and beauty, they better with age.
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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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I am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
RAKESH JHUNJHUNWALA