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.
RAKESH JHUNJHUNWALAThe 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.
More Rakesh Jhunjhunwala Quotes
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I think true love – love, wine and beauty, they better with age.
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I do not do any trading internationally.
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All democratic societies eventually decide what is in favor of them.
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When the food at home is so tasty, why go out and eat?
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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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Films are getting expensive by the day. They are making more money by the day.
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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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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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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 don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
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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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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
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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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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.
RAKESH JHUNJHUNWALA