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?
RAKESH JHUNJHUNWALAThese 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.
More Rakesh Jhunjhunwala Quotes
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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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Not being dogmatic has helped me become a better stock-picker.
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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.
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I know film industry is not a very healthy place to be in.
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All democratic societies eventually decide what is in favor of them.
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My true gods are my parents. I am what I am because of them.
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What India needs for prosperity is just ease of doing business.
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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.
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The government needs to send out a message to the business community that ‘we are on your side.’
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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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What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
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I have far less than what people think, but far more than I need.
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I want to give more time to my children, my family, to my health.
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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.
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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.
RAKESH JHUNJHUNWALA