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.
RAKESH JHUNJHUNWALAUltimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
More Rakesh Jhunjhunwala Quotes
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I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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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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I want to give more time to my children, my family, to my health.
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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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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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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 am not giving so much of my wealth that I should feel that I am a philanthropist.
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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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In commodities, when prices go up, demand goes down. In stocks, when prices go up, demand goes up.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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What India needs for prosperity is just ease of doing business.
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You can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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The government needs to send out a message to the business community that ‘we are on your side.’
RAKESH JHUNJHUNWALA