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

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.

These 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.

Bull markets are Test matches and not 50-over games.

I started my life with Rs 5,000.

Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.

Having a vision for what you want is not enough. Vision without execution is hallucination.

The people who make art their business are mostly imposters.

Just that working with Clint again is like coming home.

Everything is based on a simple rule: Quality is the best business plan, period.

A failure teaches you that something can’t be done-that way.

I am going to enjoy some other things apart from business.

If we go to work at 8 a.m. and go home at 5 p.m., this is not a high-tech company and Alibaba will never be successful. If we have that kind of 8-5 spirit, then we should just go and do something else.

The trick to any profession is making it look easy.