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.
RAKESH JHUNJHUNWALAI’m not afraid of losing money, I’m afraid of sour relationships.
More Rakesh Jhunjhunwala Quotes
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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.
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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.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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My true gods are my parents. I am what I am because of them.
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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
RAKESH JHUNJHUNWALA -
I am always capital short. If I see the opportunity, I will get the money.
RAKESH JHUNJHUNWALA -
What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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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?
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The government needs to send out a message to the business community that ‘we are on your side.’
RAKESH JHUNJHUNWALA -
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.
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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.
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The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
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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.
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The markets are like a weather; you may not like it but you have to bear it.
RAKESH JHUNJHUNWALA