The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
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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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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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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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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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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You can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
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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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What India needs for prosperity is just ease of doing business.
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These dire predictions of COVID are behind us. Covid is getting milder and people are learning to treat it better. The percentage of deaths is coming down. We are learning to live with it.
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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 made many mistakes but my triumphs have received far greater publicity than my failures.
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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.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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My true gods are my parents. I am what I am because of them.
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I think true love – love, wine and beauty, they better with age.
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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
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