One of India’s ace investors, Mr Rakesh Jhunjhunwala (RJ), lovingly called the Big Bull, passed away recently.
While a lot was said about his investing prowess, one exchange between his father and him stood out for me.
When Mr. RJ had setup a foundation in honor of his dad to give back to society, this is what his father told him:
"I have no interest in your wealth. I only want to know how much tax you have paid, and how much charity you have given."
All the focus was on giving back, one way or another. Noble thoughts!