Arjit Anant’s Kindle Notes & Highlights for I Do What I Do

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Kindle Notes & Highlights

by Arjit Anant

See all Arjit’s Notes & Highlights

I Do What I Do

by Raghuram G. Rajan

Read between January 22 - February 22, 2018

the single most important task in management is to pick good deputies,

The government will need to withdraw from occupying the commanding heights of the economy, confining itself to providing public goods and the governing framework, and leaving economic activity to the people.

Any public job involves both undue praise and unfair criticism. It is human nature to think the latter dominates the former.

Although there might be long-term benefits, I felt the likely short-term economic costs would outweigh them, and felt there were potentially better alternatives to achieve the main goals.

primary role of the RBI as preserving the purchasing power of the rupee, but we have two other important mandates; inclusive growth and development, as well as financial stability.

On the retail side, I particularly want to emphasize the use of the unique identity, Aadhaar, in building individual credit histories. This will be the foundation of a revolution in retail credit.

If you can trust yourself when all men doubt you, But make allowance for their doubting too:

Policy making is about deciding in the face of uncertainty, after weighing the alternatives as best as one can.

Autobiographies are always written as if the author had it all mapped out with perfect foresight, ignoring the risks and uncertainties at that time.

Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury of indecision.