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.
RAKESH JHUNJHUNWALAMy 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.
More Rakesh Jhunjhunwala Quotes
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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 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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People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.
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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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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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In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
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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 don’t think Indian e-commerce companies have an evolved business model.
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I myself am a private equity investor.
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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.
RAKESH JHUNJHUNWALA -
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.
RAKESH JHUNJHUNWALA -
Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
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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 am buying the most unpopular, most battered stocks, but then who knows?
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Films are getting expensive by the day. They are making more money by the day.
RAKESH JHUNJHUNWALA