Quotes from Rakesh Jhunjhunwala

I have two interests in life - markets and women. Both are concerned with four letter words - markets with the risk and woman with love.

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.

I want to give more time to my children, my family, to my health.

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

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.

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

When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.

One thing which keeps me apart is that I have got guts. I may have Rs 1,000 in my bank but if I think the deal is worth a crore - I will do it.

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.

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.

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.

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.

What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.

I am an optimist by nature and I reserve the right to be wrong.

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.

In my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.

No, I do not trade Euros. There is no Euro trading in India.

I do not do any trading internationally.

What leads to a growth - skills, demographics, natural resources, democracy, entrepreneurship - India has in abundant measure.

I myself am a private equity investor.

Markets go up not because there is abundance of buyers, but because there is a lack of sellers.

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.

I made many mistakes but my triumphs have received far greater publicity than my failures.

My true gods are my parents. I am what I am because of them.