Build your professional network on facebook via our app Go to app
 
 
 
Keywords :

words of wisdom

Activity:  5 comments  333 views  last activity : 07 06 2010 20:18:04 +0000
Share
 
 
 

Dear All,

Must read in this turbulent time.

=======
A must read Motivational Message from Warren Buffett - the worlds richest man in Forbes survey - 2008.  
 
"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 brings 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.
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.
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.
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.
Let us become wiser and lead a happy, healthy, prosperous and peaceful life. "

 

 

 Top Comment : Sudeep Tarafdar   | 02 24 2009 09:46:56 +0000
Did you know that Warren Buffet's Berkshire Hathaway lost 32% of its market cap in 2008... So much for "be greedy when others are fearful!" So will you follow these financial principles which barren buffet follows ??
 
5 comments on "Words Of Wisdom"
  Commented by  Chirag Kabani, Technical Analyst    | 02 24 2009 18:16:55 +0000
Rating : +1 
Hii sudeep 
Thanks For your Comments 
But if i Compare it to Global Meltdown and Current price , His portfolio is fairly valued With Dow trading at 12 year Low , Buffet's Berkshire Hathaway Stock is just Trading at 5 yr Low :) , It has given good Return over the years and Vast portfolio it holds its Difficult For It to get Exit in such Liquity crunch and his investments have always being long term and as i am technical analyst any  retracemnet In market value of 38-50 % is Still Consider a Correction of prices and The Uptrend in Such Stocks could Resume Soon 
  Commented by  varsha ., Technical manger(QMS)    | 02 24 2009 14:54:48 +0000
simply g8 article and ..............worth sharing
  Commented by  naqvi, News/Features Head, Consulting Editor - unitednews.in    | 02 24 2009 13:15:21 +0000
Rating : +1 
Weather he lost or gained but these line have magic for those who wants to achieve in life.
  Commented by  Devi Kaladeen, Audit Manager, Health Sector Development Unit    | 02 24 2009 12:51:53 +0000
Rating : +3 
These words of wisdom/financial principles can be followed by anyone who appreciates them. They were not created by Warren Buffet and not because he followed them and made a loss in 2008 means that they are not good.The best of businesses can fail at some time or the other despite using the best financial priciples..it all comes down to the market share. 
  Commented by  Sudeep Tarafdar, Senior Consultant, BCG    | 02 24 2009 09:46:56 +0000
Rating : +1 
Did you know that Warren Buffet's Berkshire Hathaway lost 32% of its market cap in 2008...

So much for "be greedy when others are fearful!" 

So will you follow these financial principles which barren buffet follows ??
Add your comment on "Words Of Wisdom"

Rate:
Submit
Recruitment firm for Telecom Professionals
bluez, Bluetooth, android, looking for Blue tooth stack developer for Telecom top MNC in Hyderabad, Cambio Consulting India Pvt Ltd
LTE,3GPP, Cambio Consulting India Pvt Ltd, Bangalore
Looking for TR-69 protocol developers
Viewers also viewed
electronic media vs printed words
 
1539 referals 30 arguments, 813 views
being true to self vs follow worldly trends
 
201 referals 20 arguments, 353 views
Leadership is about setting a new direction for a group; management is about directing and...
 
4 referals 8 arguments, 392 views
more...  
Recent Knowledge (68)
The subject should be rather in form of a statement. A bold statement . Yes!! Yes!! When you get...
 
1386 referals 8 comments, 104 views
Recovery of its due has been a hectic exercise for the Banks in the absence of a special...
 
1 referals 1 comments, 0 views
Successful Project Managers   - Characteristics and Skills What are the Characteristics of...
 
203 referals 14 comments, 11875 views
more...  
More From Author
Can Resident Indian trade in international Forex market ??
i agree to the above statement .. i have found many women Even taking more intrest in becoming a Crime reporter or crimal lawyer .. in the recent times So i dont think the statstics of the above research would be wromg
i agree to the above statement .. i have found many women Even taking more intrest in becoming a Crime reporter or crimal lawyer .. in the recent times So i dont think the statstics of the above research would be wromg
more...