Warren Buffet's advice for 2009

Warren Buffet's advice for 2009


We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.

Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.

Hard work: All hard work bring a profit, but mere talk leads only to poverty.
Laziness: A sleeping lobster is carried away by the water current.
Earnings: Never depend on a single source of income.. [At least make your Investments get you second earning]
Spending: If you buy things you don't need, you'll soon sell things you need.
Savings: Don't save what is left after spending; Spend what is left after saving.
Borrowings: The borrower becomes the lender's slave..
Accounting: It's no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; A small leak can sink a large ship.
Risk-taking: Never test the depth of the river with both feet. [Have an alternate plan ready]
Investment: Don't put all your eggs in one basket.

I'm certain that those who have already been practicing these principles remain financially healthy. I'm equally confident that those who resolve to start practicing these principles will quickly regain their financial health.

With Best Regards,
Warren Buffet

Warren Buffet's advice for 2009

Warren Buffet's advice for 2009


We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.

Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.

Hard work: All hard work bring a profit, but mere talk leads only to poverty.
Laziness: A sleeping lobster is carried away by the water current.
Earnings: Never depend on a single source of income.. [At least make your Investments get you second earning]
Spending: If you buy things you don't need, you'll soon sell things you need.
Savings: Don't save what is left after spending; Spend what is left after saving.
Borrowings: The borrower becomes the lender's slave..
Accounting: It's no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; A small leak can sink a large ship.
Risk-taking: Never test the depth of the river with both feet. [Have an alternate plan ready]
Investment: Don't put all your eggs in one basket.

I'm certain that those who have already been practicing these principles remain financially healthy. I'm equally confident that those who resolve to start practicing these principles will quickly regain their financial health.

With Best Regards,
Warren Buffet

Warren Buffet's advice for 2009

Warren Buffet's advice for 2009


We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.

Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.

Hard work: All hard work bring a profit, but mere talk leads only to poverty.
Laziness: A sleeping lobster is carried away by the water current.
Earnings: Never depend on a single source of income.. [At least make your Investments get you second earning]
Spending: If you buy things you don't need, you'll soon sell things you need.
Savings: Don't save what is left after spending; Spend what is left after saving.
Borrowings: The borrower becomes the lender's slave..
Accounting: It's no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; A small leak can sink a large ship.
Risk-taking: Never test the depth of the river with both feet. [Have an alternate plan ready]
Investment: Don't put all your eggs in one basket.

I'm certain that those who have already been practicing these principles remain financially healthy. I'm equally confident that those who resolve to start practicing these principles will quickly regain their financial health.

With Best Regards,
Warren Buffet

Unethical solution for Global Crisis

TATA announces for there employee to be ready for any type of decision. The same thing and similar things going on all over the world but without any information.
As we know that in India as well as most of the developing economy having some drawback like corruption and black money which hide and posses by the most of the influential person’s accounts in international bank.
During the 1991 India was facing very big economic crisis that time Manmohan Singh suggested to government that to legalize the Gold if they will deposit in government bank by paying anything.
Similarly they took some decision to just run country economy. Is this possible in India. Most of the Important post like Civil Servant, MP, MLA present and former as well as minister and some of the mediocre having a lot of illegal money but they are not able to use it directly because of taxing process as well as some constitutional reason. But they have huge amount as well as property in India and abroad.
In the same pattern most of the African country and Asian country have same kind of people but they are a bit afraid to enjoy the money.
If really government wants to move the market they have to give some flexibility to them to invest the money by some way government will not ask the queries as well as they can also invest their money in share, property, as well as jewelery and some other developing work.
I hope this huge amounts really some how move the sick industry which don’t have work. This is my personal opinion I would like to other person opinion regarding this by this way again the market can start moving and flourishing.

Recession : control the market

THis is not the new word for todays. AS the recession duration and prediction increasing day by day. BUt the good thing which i observe in the market are the midiocore the spoil the market for their own benefit.They make the project without any planning.@ if we take the example of the real state. The real state divert the money which they collect from 1st project and spending on third or fourth without thinking about the first.
Traders are taking the order from vendor and supplier in the same way as real state.
People are mad for money to invest in financial market their hard core money.
Oil sector and steel prices fluctuating and increasing like it will never come back.
Employees salary increasing like leaps and bounds employe offering without thinking how they will cover the money.
Price rise was in the same row. For the middle class and lower class people’s life become the hell becouse they are not able to manage and sustain the life.
Now the above all things are some how control and also coming back. after the three months again when bank will start to recover the money from the business man then again prices of the steel, real state as well as the employee salary will be some how under control.
THe best things i am observing those who are middle class are the lower class are coming again. those who’s gredds was under control.
Now the costing for any project which can start now can make very lower costing.
So again the company should think about the value for money and cost effectiveness withe short term planning.

Dubai : moving towards the best hub of corporate office globally

When the word Dubai comes in mind everytime only sky touching building and beautifull malls are coming in mind becouse it mean.
Dubai is main aim to develop one of the main business hub becouse the plannined ans systematic rules and regulation inviting the people to come and go ahead with the project.
In Dubai the planned city, visionary rules cultured officer and least corruption.
But one more things Dubai is only suitable for the Branded business. those who have some business ethics. This is reason that Dubai is attracting the business man and maximum workforce to stick with it.
Their are climatic disadvantages are their and slowly slowly traffic is also become the main cause but may be after operation of the Metro rail this problem will be solved.
Dubai is one of the center point for middle east Asia

corruption: keeps moving the system

The word "corruption" ridiculous word. whenever we are listening, reading this word we are fed up and started blaming to the system and government.

recently i was in Kenya for some business tour with my very close friend cum mentor. we ware in bar cum restaurant just chatting about the global crisis, one of the intellectual waiter of the hotel was also their chatting with one of the European business man.
as per the routine of the human being the waiter was blaming the government for the corruptions. same time as a habit of the intellectual person the European guys speak a sentence that corruption keeps things moving. it is good for the system.
this sentence still penetrating in my mind.
but when i started to understand the word really it makes me to understand it. why and where the corruption is good and where it is harmful for the progress of the country.
why it is good and why it is bad.
If a business man will start to follow the 100% rules ans system he can not do the business. if all the government officer start to follow the system everything will be stop.
Like if builder will start to follow 100% rules he can not construct the building and if the Government officer will be loose then that building will kill a lot of the people.
yes corruption is acceptable if it will not harm the system. really i am very happy to learn the lesson from the Gentleman.
if you have time please think about it...

corruption: keeps moving

The word "corruption" rediculous word. whenever we are listening, reading this word we are fed up and started blaming to the system and government.

recently i was in K

Recession : how to face it? Threat and opportunity>>>>>>>>>

Recession is the world which stop us to think longer...Whole the world American economy, EU, miidle east, Asian economy etc are facing big challenges to sustain. Every body feels their will no another day..Even though some of the market can sustain but even the panic of the people and emotions can not be control.
most of the economist and industry giving the guidance to the people and company to be stagnant for some time or wait for another good days..
As we know that after every darkness is indication of the bright day, every worst time is indication of the good time.
what we can imagine about this that this recession is indication of the big opportunity...
so yes, becouse as we know that the bubble is bursted and reality is coming now.
Now some of the big sector is coming with huge opportunity. this is time to thing
which sector? what opportunity? when to start? how to start? what precaution and measure we have to take before investing?
if we are working what plan is required to sustain?
This is really time and plan for the start some new things?
Recently i throgh with the news that alot of the people lost their hard core money. so which money we have to invest in the market, what kind of risk we have take and what extent?
so, i hope we people are going to find the opportunity in this recession...

Recession : how to face it? Threat and opportunity>>>>>>>>>

Recession is the world which stop us to think longer...Whole the world American economy, EU, miidle east, Asian economy etc are facing big challenges to sustain. Every body feels their will no another day..Even though some of the market can sustain but even the panic of the people and emotions can not be control.
most of the economist and industry giving the guidance to the people and company to be stagnant for some time or wait for another good days..
As we know that after every darkness is indication of the bright day, every worst time is indication of the good time.
what we can imagine about this that this recession is indication of the big opportunity...
so yes, becouse as we know that the bubble is bursted and reality is coming now.
Now some of the big sector is coming with huge opportunity. this is time to thing
which sector? what opportunity? when to start? how to start? what precaution and measure we have to take before investing?
if we are working what plan is required to sustain?
This is really time and plan for the start some new things?
Recently i throgh with the news that alot of the people lost their hard core money. so which money we have to invest in the market, what kind of risk we have take and what extent?
so, i hope we people are going to find the opportunity in this recession...