I’m not afraid of losing money, I’m afraid of sour relationships.
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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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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I have far less than what people think, but far more than I need.
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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 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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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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I am always capital short. If I see the opportunity, I will get the money.
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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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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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What India needs for prosperity is just ease of doing business.
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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 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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All democratic societies eventually decide what is in favor of them.
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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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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