Knowledge

Today in ET the news said this. Total consolidated revenue for the FY ending Mar 2013 was Rs.48,379 crore. Thus as per 2013 standard the company is investing around 0.21 % of its revenue  for the Social Infrastructure of Thoothukudi. Tax paid by Sterlite in 2013 is Rs. 1,618 crore.  That amount is 1600% higher than the Rs.100 core earmarked for this purpose. Looking at it in another angle, Sterlite is paying an additional Tax.However, instead of routing it through the government, it is directly investing the amount in it's local community. Just a passing thought.

http://www.berkshirehathaway.com/letters/1989.html "When I call off the names of our managers - the Blumkin, Friedman and Heldman families, Chuck Huggins, Stan Lipsey, and Ralph Schey - I feel the same glow that Miller Huggins must have experienced when he announced the lineup of his 1927 New York Yankees." === Warren Buffett had an amazing team of leaders in the organisations that he invested in. He continuously lauded them and attributed his success to their dedication and commitment. In our organisations are we building an A Team? Do we have dedicated and committed team members? If you are a Business Owner (or want to be one in the future) and not a Job Owner, then your first task should be to build up enough revenue per month to start looking for a A Team. Your team is what will help grow your organisation to great heights. You need to build a trusted close team of comrades who will take the organisation to great heights. It is quite difficul...

http://www.berkshirehathaway.com/letters/1988.html ... "whose troubles have caused it to be significantly misappraised by the market."... Warren Buffett  is  extremely patient in picking  up stock.  He picks up only when the value of  the stock has come down due to various market conditions. Are we that patient?  The circumstances are same for us and for him. Then why is it that he is consistently doing what the says and we do not do what is right? We have to write down our credo and keep  reminding ourselves.  Simple rules of investing.  Then we have to stick  to that decision. Let us all add more  Assets in to our holding and grow our wealth like Warren Buffet does.

http://www.berkshirehathaway.com/letters/1988.html ... "In fact, when we own portions of outstanding businesses with outstanding managements, our  favorite holding period is forever." ... Do we think in similar lines?  Do we look at investments or  asset building activities as a forever activity? Do we keep the goose healthy and alive always? Warren Buffett has displayed to us that true wealth is in long term investment strategies. Warren Buffett started investing in 1942.  His philosophy of  investing is still the same - find great companies, and stay invested forever - after 76 years and he is one of the wealthiest  person in the world. Let us also think in the long run. Also learn how to be content like Warren Buffett.  He drew cheap cars (for  his  standard of life and income). Let us all build wealth and do good to this world. Warren Buffett has regularly given to charity.  He gave  away more...

Amazon purchasing a small stake  in Future Group of Mr. Biyani.  The news article says that this deal may result in to ownership after 8 to 10 years if the Government rules also permit. A decision being taken today for a result to be seen after 8 years! Do we all think this long term?  Do we have the discipline to remain committed daily for that long? Amazon started in 1994.  For the past 24 years the company has been consistence in its performance and it is one of the most valuable companies now. Can we as business owners take self commitment of investing on ourselves and in our business keeping the long run results in view? Can we invest on our health today thinking about 20 years down the line?  Can we train ourselves in new technologies thinking about 20 years from now?  Can we acquire new skills today and to be used in the future? That is what makes the difference. Wishing us all the best in investing in the today for a better tomorrow. ...

900 Crore  default  to government by Vodafone. 4,900 crore  in losses. Massive. https://www.screener.in/company/IDEA/consolidated/#profit-loss After seeing profits  continuously since 2006, for the first time the company is seeing massive losses. Jio!  Is it creating profits? 2 lakh crore invested. 25 core customers. Jio has to make around Rs. 667 from each customer per month to get back its investment. That is difficult,  that is why it needs more customers. Can we create a company like Jio?  Yes, if we work extremely hard and network for the next 50 years (remembering that Dhirubhai Ambani started Reliance group). Do we have to focus  to achieve it?  That is what matters.