Tuesday, July 1, 2008
Falling Indian Stock Market kills Investor morale
Message written on a board inside the church read ‘God never fails’. A speculator wrote just below that ‘Ask him to try trading in Nifty futures’.”
PE - Plunge Endless
EBITDA- Exit Before It Tumbles Down Again
QIB - Quixotic Indian Blunder
HNI - Has No Idea
FII - Furious Impoverished Investors
PMS - Premeditated Scam
SIP - Suicide by Investing Patiently
Fund Manager - Last year’s ace stock picker now locked up in an asylum
Investor - Someone who is broke
Broker - Worse off than an investor
Correction - The next day after you bought shares
Momentum buying - The fine art of buying high and selling low
Value buying - The art of buying low and selling even lower
Full form of sebi - ( SEBI )
S = systematic
E = education for
B = brokers and
I = investors on how to lose money.............. ???
Wednesday, February 13, 2008
Facts about Warren Buffet & his advices
1. He bought his first share at age 11 and he now regrets that he started too late!
2. He bought a small farm at age 14 with savings from delivering newspapers.
3. He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
4. He drives his own car everywhere and does not have a driver or security people around him.
5. He never travels by private jet, although he owns the world's largest private jet company.
6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO's only two rules. Rule number 1: do not lose any of your share holder's money. Rule number 2: Do not forget rule number 1.
7. He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television.
8. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.
His advice to young people: "Stay away from credit cards and invest in yourself and Remember:
A. Money doesn't create man but it is the man who created money.
B. Live your life as simple as you are.
C. Don't do what others say, just listen to them, but do what makes you feel good.
D. Don't go on brand name; just wear those things in which you feel comfortable.
E. Don't waste your money on unnecessary things; just spend on things that you really need.
F. After all it's your life, then why give others the chance to rule your life."