Tuesday, June 29, 2010

With or Without U

Lyrics of With or Without You by U2 :-


See the stone set in your eyes
See the thorn twist in your side
I wait for you

Sleight of hand and twist of fate
On a bed of nails she makes me wait
And I wait without you

With or without you
With or without you

Through the storm we reach the shore
You give it all but I want more
And I'm waiting for you

With or without you
With or without you
I can't live
With or without you

And you give yourself away
And you give yourself away
And you give
And you give
And you give yourself away

My hands are tied
My body bruised, she's got me with
Nothing to win and
Nothing left to lose

And you give yourself away
And you give yourself away
And you give
And you give
And you give yourself away

With or without you
With or without you
I can't live
With or without you

With or without you
With or without you
I can't live
With or without you
With or without you


Saturday, June 26, 2010

Warren Buffett


“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1.”

It is true that Buffet is known as one of the greatest investors. Yet take a closer at youth attributes, instinct and activities. You may agree at the end of this tribute, he is indeed an entrepreneur. Multi-billionaire, Warren Buffet does not hide the fact that his goals are to amass wealth. In fact, it is his mission and his skill is the reason that investors back him and the holding company he manages.

In 2008 Warren Buffett was ranked the richest person in the world. He made his fortune from investing in the stock market and buying out companies.

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."

Even as a child Buffett displayed an interest in making and saving money. He went door to door selling chewing gum, Coca-Cola, or weekly magazines. For a while he worked in his grandfather's grocery store. While still in high school, he carried out several successful money-making ideas: delivering newspapers, selling golfballs and stamps, and detailing cars among them. Filing his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route.

Buffett's interest in the stock market and investing also dated to his childhood, to the days he spent in the customers' lounge of a regional stock brokerage near the office of his father's own brokerage company. On a trip to New York at the age of ten he made a point to visit the New York Stock Exchange. And about this same time he purchased shares of Cities Service for himself and his sister.

He tried to get a position with Graham’s firm and was at first unsuccessful. He finally got the job and, as he generously acknowledges, learned a lot about stock investment from The Master. Graham eventually retired and Buffett started a limited partnership in Omaha, using capital contributed by family and friends. The partnership was a great success and Buffett is said to have averaged an annual rate of return for the partnership in excess of 23 per cent, far in excess of the market.

Buffett, after several years, decided to wind up the partnership, returning the lucky investors their capital and their share of the profits, and bought an interest in Berkshire Hathaway, a textile company, giving his original investors the chance to invest. The smart ones did so. Buffett’s early days at Berkshire Hathaway were not great. The company was in an industry facing real challenges from exports and high manufacturing costs. Warren Buffett had not, however, forgotten what he had learned under Graham, and arranged for the company to buy out two Nebraska insurance companies. This was the start of Buffett’s interest in insurance and the rise to financial fame of both himself and Berkshire Hathaway.

Friday, June 25, 2010

DhiruBhai Ambani

“Growth has no limit at Reliance. I keep revising my vision.
Only when you can dream it, you can do it.”

The saga of dreams and destiny wherein the possibility and ability to challenge every obstacle was literally larger than life, such is the chronicle of the legend who lives perpetually in our minds and hearts, Dhirubhai Hirachand Ambani.

Dhirajlal Hirachand Ambani, one of the leading Indian businessmen, was born on December 28, 1932 in Chorwad, Gujarat. Popularly known as Dhirubhai Ambani, he heads The Reliance Industries, India’s largest private enterprise.

Dhirubhai started off as a small time worker with Arab merchants in the 1950s he was 16 years old and worked with A. Besse & Co. for a salary of Rs.300. Two years later, A. Besse & Co. became the distributors for Shell products, and Dhirubhai was promoted to manage the company’s filling station at the port of Aden. Later he moved to Mumbai in 1958 to start his own business in spices. After making modest profits, he moved into textiles and opened his mill near Ahmedabad. Dhirubhai founded Reliance Industries in 1958. Dhiru Bhai Ambani built India's largest private sector company, Reliance India Limited, from a scratch. Over time his business has diversified into a core specialisation in petrochemicals with additional interests in telecommunications, information technology, energy, power, retail, textiles, infrastructure services, capital markets, and logistics. Reliance later started seizing opportunities thrown up by a combination of the growing Indian economy and the opening up of the regulation-driven sectors of the economy.





The world, they say, steps aside
for the man who knows
where he is going



Dhirubhai Ambani is credited with shaping India's equity culture, attracting millions of retail investors in a market till then dominated by financial institutions. Dhirubhai revolutionised capital markets. From nothing, he generated billions of rupees in wealth for those who put their trust in his companies. His efforts helped create an 'equity cult' in the Indian capital market. With innovative instruments like the convertible debenture, Reliance quickly became a favorite of the stock market in the 1980s.

In 1992, Reliance became the first Indian company to raise money in global markets, its high credit-taking in international markets limited only by India's sovereign rating. Reliance also became the first Indian company to feature in Forbes 500 list.

Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). A poll conducted by The Times of India in 2000 voted him "greatest creator of wealth in the century".