Quotes from Rakesh Jhunjhunwala

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.

I do not think, like people say, that I am a guru or I know everything.

I am extremely bullish in the longer period.

The government needs to send out a message to the business community that 'we are on your side.'

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

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 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.

My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?

Alternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.

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.

The biggest thing that limits India's growth is democracy, but it is needed. We cannot overrule it.

I don't want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don't think a person who is giving Rs 10, is giving less than me.

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

My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?

Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.

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

You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.

The markets are like a weather; you may not like it but you have to bear it.

See, I'm a risk taker. If I feel very opinionated, I can really put the money on the table.

It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.

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.

Everything which is good in life is dicey, including pretty girls.

I cannot say no for anything to my daughter.

Believe me, I do not go to Delhi, I do not know anybody in Delhi.