Rakesh Jhunjhunwala

“I have far less than what people think, but far more than I need.”

“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.”

“In a marriage, in a relationship there should not be your money and my money. It has to be our money.”

“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.”

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

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

“I am buying the most unpopular, most battered stocks, but then who knows?”

“I am not giving so much of my wealth that I should feel that I am a philanthropist.”

“I'd be lying if I said I didn't like the money, but that's not what motivates me.”

“I told my father I wanted to go to the stock market. My father reacted by telling me not to ask him or any of his friends for money. He, however, told me that I could live in the house in Mumbai and that if I did not do well in the market I could always earn my livelihood as chartered accountant. This sense of security really drove me in life.”

“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.”

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

“Draw a balance between the present and the future and one advice I give to every young Indian - the most difficult thing in India, urban India, is housing. So first thing that you do is try and buy house as that gives a great sense of security.”

“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.”

“The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.”

“I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.”

“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.”

“Films are getting expensive by the day. They are making more money by the day.”

“I'm not a clone of anybody. I'm Rakesh Jhunjhunwala.”

“Not being dogmatic has helped me become a better stock-picker.”