A biography for Rakesh Jhunjhunwalahasn’t been written yet.
“I am always capital short. If I see the opportunity, I will get the money.”
“What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.”
“The 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.”
“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.”
“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.”
“What leads to a growth - skills, demographics, natural resources, democracy, entrepreneurship - India has in abundant measure.”
“I don't think Indian e-commerce companies have an evolved business model.”
“I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.”
“No, I do not trade Euros. There is no Euro trading in India.”
“What is too popular may not be profitable. Don't invest in B2C companies, instead invest in B2B companies.”
“Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.”
“The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.”
“Learning English in Tier-2 and Tier-3 towns places the person ahead of the curve. I'm sorry to say but that's the reality.”
“When the food at home is so tasty, why go out and eat?”
“I started my life with Rs 5,000.”
“My true gods are my parents. I am what I am because of them.”
“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.”
“I am not afraid of making mistakes. But my mistakes were those that I could afford. That's very important: mistakes will happen but you must ensure that you keep them within limits you can afford.”
“The markets are like a weather; you may not like it but you have to bear it.”
“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.”