I’d be lying if I said I didn’t like the money, but that’s not what motivates me.
RAKESH JHUNJHUNWALAMy 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?
More Rakesh Jhunjhunwala Quotes
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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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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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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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Growth comes from chaos, not order.
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In a marriage, in a relationship there should not be your money and my money. It has to be our money.
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I have far less than what people think, but far more than I need.
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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 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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All democratic societies eventually decide what is in favor of them.
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Bull markets are Test matches and not 50-over games.
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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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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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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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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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Everything which is good in life is dicey, including pretty girls.
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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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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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There is a digital revolution going on around the world and India is in better placed to tap the opportunity.
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Not being dogmatic has helped me become a better stock-picker.
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Alternatives 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.
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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.
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I am always capital short. If I see the opportunity, I will get the money.
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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.
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I’ve lived the world on my own terms. I do what I enjoy. I enjoy what I do.
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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
RAKESH JHUNJHUNWALA