“I am not afraid of making mistakes. But my mistakes were those that I could afford. That's very important: mistakes will happen but you must ensure that you keep them within limits you can afford.”

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Meaning

This reads as confidence with discipline, not recklessness. The point is that errors are inevitable, but survival depends on keeping them small enough that they do not wreck the whole picture. It lands in business or investing, where taking risks is part of the job, yet one bad call must not be allowed to endanger everything else.

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Original Language & Translation

Originally said in English.

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About Rakesh Jhunjhunwala

Indian billionaire investor and stock trader

Rakesh Jhunjhunwala was an Indian billionaire investor, stock trader, and chartered accountant. He became widely known for building his fortune in the Indian stock market, and he remained associated with his own asset management firm, Rare Enterprises. He began investing in 1985 with ₹5,000 and made his first major profit in 1986. By the time of his death, his estimated net worth was US$5.8 billion, which placed him among the richest people in the world. His name is closely linked with investing and market speculation.

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