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.
RAKESH JHUNJHUNWALAAlternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
More Rakesh Jhunjhunwala Quotes
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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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My father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss about the stock market.
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Growth comes from chaos, not order.
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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?
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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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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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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.
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What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
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I want to give more time to my children, my family, to my health.
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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.
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I’m not afraid of losing money, I’m afraid of sour relationships.
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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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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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All democratic societies eventually decide what is in favor of them.
RAKESH JHUNJHUNWALA