1. I was more interested in the stock market. I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates. My dad then used to try and explain to me and I got very interested and I decided at that age that I am going to make life in the stock market.
2. But you know stock market is like woman, always commanding, always mysteries, always uncertain, always volatile, always exciting. So if you want to perform well in the stock market… see stock markets is as much about psychology as about reality.
So unless you… I have a temperament where you can adjust to the stock market, you cannot succeed and the only king is the market. There are no other kings in the markets. All those try to become kings of the stock market, go to Arthur Road Jail.
So market is the king and you cannot have a good relationship with the woman by probating her. The only way you can have her is by respecting her, by understanding her, by adjusting with her. That is why market is like woman. I have two interests in life -- markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
3. I not only take my work home, I take it into bed also. For me, markets are passion, an obsession and sometimes when I go on holiday, I disconnect. Otherwise, if I am in Bombay, it is on my mind 24 hours. I not only invest, I trade. For trading, I have to follow day to day news. It is so interesting and the interesting part is not so much the wealth. Wealth is important I think but… see, it is an ego battle. RK Laxman said it is the difference of opinion which makes the stock market interesting. For every buyer, there is a seller. For every seller, there is a buyer. So, I would like to know is my opinion going to be right or wrong?
4. They are only 9. I and Rekha is principally do not make any effort, in fact we want to say that they should not understand that we have money or that we are known and our circle of friends are all normal people. We have no celebrity friends or no rich friends. I have an ambition. I think wealth is not the source of all happiness. It is a means to an end. If they make lots of money, I will be happy; if one fellow wants to be a painter, I will be happy; if one fellow just wants to relax, I will be happy; if one fellow wants to be a painter, I will be happy; if one fellow just wants to relax, I will be happy. I give lots of importance to individualism. I want my children to be what they want to be and maybe if they ask me, I will try to guide them. If they would not ask me, I leave it to them
5. “We make our living by what we earn. We make our life by what we give ,“ that is what Churchill said and the other thing that Churchill said is an all-time great , which is very true for life that we have to lose many a battle to win the war that means lot of times in life you face difficulties, sometimes you have to withdraw, sometimes you have to give up in order that you have the strength to win.
6. Alia Bhatt: But can I ask you something. I know it is difficult but do you like to lose? Is it something that inspires you more or do you hate it? I hate losing.
Rakesh Jhunjhunwala: It is not a question. Nobody likes to lose but the reality is that there is no victory without loss. If there was no loss then how do you know that what would victory be. I think that I am not afraid to make a mistake, but only make one which I can afford. So that I may live to make another one. And if I am paranoid that I cannot lose, then I will get immobilised. I cannot take any risk. Though I do not mind losing but I must learn from that losing. And I must understand that there are certain things in life which are linked to human psychology where predictability is very low. Like which movie will be liked, which will not be liked. You cannot predict beyond a point. You are in a profession where uncertainty is built in. One thing in life is that rather than our own liking and disliking, let us understand what reality is and let us adjust to it. So, I am not afraid to lose.
https://economictimes.indiatimes.com/markets/expert-view/i-am-not-afraid-to-make-a-mistake-but-only-make-one-which-i-can-afford-rakesh-jhunjhunwala/articleshow/61161672.cms
2. But you know stock market is like woman, always commanding, always mysteries, always uncertain, always volatile, always exciting. So if you want to perform well in the stock market… see stock markets is as much about psychology as about reality.
So unless you… I have a temperament where you can adjust to the stock market, you cannot succeed and the only king is the market. There are no other kings in the markets. All those try to become kings of the stock market, go to Arthur Road Jail.
So market is the king and you cannot have a good relationship with the woman by probating her. The only way you can have her is by respecting her, by understanding her, by adjusting with her. That is why market is like woman. I have two interests in life -- markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
3. I not only take my work home, I take it into bed also. For me, markets are passion, an obsession and sometimes when I go on holiday, I disconnect. Otherwise, if I am in Bombay, it is on my mind 24 hours. I not only invest, I trade. For trading, I have to follow day to day news. It is so interesting and the interesting part is not so much the wealth. Wealth is important I think but… see, it is an ego battle. RK Laxman said it is the difference of opinion which makes the stock market interesting. For every buyer, there is a seller. For every seller, there is a buyer. So, I would like to know is my opinion going to be right or wrong?
4. They are only 9. I and Rekha is principally do not make any effort, in fact we want to say that they should not understand that we have money or that we are known and our circle of friends are all normal people. We have no celebrity friends or no rich friends. I have an ambition. I think wealth is not the source of all happiness. It is a means to an end. If they make lots of money, I will be happy; if one fellow wants to be a painter, I will be happy; if one fellow just wants to relax, I will be happy; if one fellow wants to be a painter, I will be happy; if one fellow just wants to relax, I will be happy. I give lots of importance to individualism. I want my children to be what they want to be and maybe if they ask me, I will try to guide them. If they would not ask me, I leave it to them
5. “We make our living by what we earn. We make our life by what we give ,“ that is what Churchill said and the other thing that Churchill said is an all-time great , which is very true for life that we have to lose many a battle to win the war that means lot of times in life you face difficulties, sometimes you have to withdraw, sometimes you have to give up in order that you have the strength to win.
6. Alia Bhatt: But can I ask you something. I know it is difficult but do you like to lose? Is it something that inspires you more or do you hate it? I hate losing.
Rakesh Jhunjhunwala: It is not a question. Nobody likes to lose but the reality is that there is no victory without loss. If there was no loss then how do you know that what would victory be. I think that I am not afraid to make a mistake, but only make one which I can afford. So that I may live to make another one. And if I am paranoid that I cannot lose, then I will get immobilised. I cannot take any risk. Though I do not mind losing but I must learn from that losing. And I must understand that there are certain things in life which are linked to human psychology where predictability is very low. Like which movie will be liked, which will not be liked. You cannot predict beyond a point. You are in a profession where uncertainty is built in. One thing in life is that rather than our own liking and disliking, let us understand what reality is and let us adjust to it. So, I am not afraid to lose.
https://economictimes.indiatimes.com/markets/expert-view/i-am-not-afraid-to-make-a-mistake-but-only-make-one-which-i-can-afford-rakesh-jhunjhunwala/articleshow/61161672.cms
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