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 JHUNJHUNWALAWhat happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
More Rakesh Jhunjhunwala Quotes
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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.
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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.
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I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.
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I started my life with Rs 5,000.
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Growth comes from chaos, not order.
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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.
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My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
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The markets are like a weather; you may not like it but you have to bear it.
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I am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
RAKESH JHUNJHUNWALA -
My true gods are my parents. I am what I am because of them.
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When the food at home is so tasty, why go out and eat?
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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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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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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
RAKESH JHUNJHUNWALA