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.
RAKESH JHUNJHUNWALABut I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
More Rakesh Jhunjhunwala Quotes
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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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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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I want to give more time to my children, my family, to my health.
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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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What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
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Not being dogmatic has helped me become a better stock-picker.
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The government needs to send out a message to the business community that ‘we are on your side.’
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The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
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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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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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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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I don’t think Indian e-commerce companies have an evolved business model.
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Everything which is good in life is dicey, including pretty girls.
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You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
RAKESH JHUNJHUNWALA