Essence of growth as an entrepreneur was very well explained
by Ridham Desai in a panel discussion conducted by CNBC TV18.
The topic for discussion
was: How to be as rich as Rakesh
Jhunjhunwala?
“Latha: Today we understand from the papers of
course, that Mr Rakesh Jhunjhunwala's total net worth is Rs 10,000 crore. At
CNBC-TV18, we cannot invest in shares, so we depend on mutual funds. Since you
are a neutral party, Ridham, can we these guys make me as rich as Mr Rakesh
Jhunjhunwala?
Desai: You can try. There is a very famous quote by Warren Buffett.
He said, "I became rich because I was lucky and my luck began the day I
was not born in Bangladesh, but United States of America." But, we are
plagued by three things, as Nassim Taleb would say, three intoxicants or three
habits which really hurt us. The first two are very obvious, so that is drugs
which can be intoxicating and you can get hurt and most of us should not be
there. The second is carbohydrates. We are all plagued by carbohydrates, that
is why you suffer from all these illnesses.
But the third one is what really hurts you and that is why
you cannot become Rakesh Jhunjhunwala which is your monthly salary. If you are
willing to give it up, then I think they can make you Rakesh.”
(2:27 onward to go directly to the above subject)
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