“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.”

I reflected a lot, I thought a lot on my 50th birthday. It has been one of the most important birthdays in my life, not in terms of celebration but in terms of retrospect.

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

There can be no greater well wisher for me in life than my mother.

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

Growth comes from chaos, not order.

When there’s doom and gloom, don’t forget there’s darkness before dawn.

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.

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.

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.

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

What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.

I think true love – love, wine and beauty, they better with age.

People will laugh at me, but when they ask me to make a wish for the next life, I will say I want the same parents, same brother and sister, same wife, same friends.

I am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.

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

I don’t think Indian e-commerce companies have an evolved business model.

Temporary success can be achieved in spite of lack of other fundamental qualities, but no advancements can be maintained without hard work.

The path of social advancement is, and must be, strewn with broken friendships.

Spiritual advancement is measured by faithful obedience.

The despotism of custom is everywhere the standing hindrance to human advancement.

The perpetual obstacle to human advancement is custom.

Most worshippers of God are intent on the advancement of their own destiny, not on His worship.

The modern infrastructures that exists in the world all contribute to the advancement of human rights and democracy.

Berlin, formed for the advancement of science.