Rakesh Jhunjhunwala

Businessman

1960-07-05

Quotes by Rakesh Jhunjhunwala

• I think true love - love, wine and beauty, they better with age.

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• I'm not afraid of losing money, I'm afraid of sour relationships.

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• My father was a person who always allowed me to do what I wanted but he told me you want to go to a stock market, first get yourself qualified. So, I qualified myself as a chartered accountant and my dad said what do you want to do? I said I want to go to the stock market. He asked what will you do? I said I invest.

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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 commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.

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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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• 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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• When the food at home is so tasty, why go out and eat?

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• I do not think Tesla can last but that does not mean I am going to short it.

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• Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.

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• We never extrapolate: In 1988, my net worth was Rs 1 crore and 1993, it was Rs 200 crore, this does not mean that in 2000, it is going to be Rs 800 crore. In 2002 also, my net worth was Rs 250 crore. We cannot extrapolate things. You take success with paranoia and it is always transient and temporary.

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• If the NDA doesn't get a majority, that will not upset the market so much... but a situation where the BJP and NDA are not able to form the government that will be very troublesome for the market. But I think that is not likely.

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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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• But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.

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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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• There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world power. We have the lowest cost, good technology, Indian companies are gaining size.

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