"Seriously doing business is all about knowing few key business logics. If you know, those logics there is no way your business can fail. And I have pretty much learned them by heart and I am pretty confident, I can take any business to heights."
Pray tell. I would be interested in hearing what the few things you need to know to make infallible businesses.
Is he talking about Indian Rupees? I had never heard of a Lakh as a unit of currency before (wikipedia says its 100,000 units, still not super clear http://en.wikipedia.org/wiki/Lakh)
What is his business? What did he learn from the affiliate who was selling for him?