I am not giving so much of my wealth that I should feel that I am a philanthropist.
RAKESH JHUNJHUNWALAThe journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
More Rakesh Jhunjhunwala Quotes
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Growth comes from chaos, not order.
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Not being dogmatic has helped me become a better stock-picker.
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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 don’t think Indian e-commerce companies have an evolved business model.
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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 think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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I think when markets go up and there is no manipulation in markets and people question the market going up and it keeps going up, that is a true bull market.
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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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I made many mistakes but my triumphs have received far greater publicity than my failures.
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Bull markets are Test matches and not 50-over games.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
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In a marriage, in a relationship there should not be your money and my money. It has to be our money.
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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