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 JHUNJHUNWALAI have far less than what people think, but far more than I need.
More Rakesh Jhunjhunwala Quotes
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Ultimately 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.
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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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Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
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I don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
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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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Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
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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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It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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I do not do any trading internationally.
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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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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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I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
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What India needs for prosperity is just ease of doing business.
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I want to give more time to my children, my family, to my health.
RAKESH JHUNJHUNWALA