Eve as her multi billionaire son calls her is one of the many faces of hope and inspiration.
She lives in this age of ours but remains an integral part of a generation gone, having lived for decades.
In her early and youthful age was when women were seen but not heard. It was for real when the world was a piece of cake kept for the men’s folk. Yet she broke all the barriers around her to carve a niche for herself.
Barrier in the form of age, sex, color and creed was up beat but she rode against all odds to success. For her NO is a mere two alphabets written together but not a final answer to any demand. Thus any ‘YOU CANT’ situation is not meant for her. For her there is always an alternative to any set or sets of rule to suit anyone who desires to get or own whatsoever it be. For her, persuasion, persistence, strategizing and never give up till your heart desires are placed on your palms are what garrisoned her heart.
During the war, Eve wanted to be a pilot. She took a step to the Heston Airfield and asked to be enlisted as a pilot. She was turned down on the ground that the job was an exclusive reserve for men. Being a dancer, a beauty with blonde hair, of cause she never looked like a man, she went back and worked on her appearance, back she went to the same office asking for the same job again. And she clinched it. Guess what she did, she wore a leather flying jacket, hid her blonde hair under a helmet and spoke in a deeper smooth voice.
Having learnt flying or call it gliding, she became rose to become a flying instructor teaching the younger men how to rule the skies. Among her students were the young ambitious, fearless and successful pilots who flew fighter planes in the Battle of Britain.
When the war came to an end, having enjoyed the career on the air, she opted to be an air hostess, today’s equivalent of cabin crew. There she met another stumbling block and turned it to a stepping stone.
Back then once again, air hostesses must be multi lingual and must speak Spanish. Added to that is the rule that they must equally have been trained and certified a nurse. She lacked both credentials, but her power of persuasion has not left her. She had audience with one of the superiors on night shift at the airline, chatted him up and at the end of the day convinced the man and her name found its way into the employed list of air hostesses. She had a wonderful career once again on air yet deficient of their basic requirement. She could not speak Spanish and she was not a nurse!
Did I hear you say whao!
It is possible only if you can think it’s possible.
Who said the rules could not be bent to suit you?
Do you desire any thing, just keep calm and go for it.
This woman in her family has a slogan “let’s do it”
No wonder she gave birth to someone of her style of thinking and adventure, the multi billionaire Richard Branson, the proud owner and brain behind the virgin group.
Thursday, November 20, 2008
Are You Aware That:-
• Businesses have high mortality rate. Its blossoms between the ages of 3 to 5years of operation only for over 90% of them to die in its first ten years.
• Competition abounds. If you understudy and engage it well, you move to the next level. If you don’t, you get dwarfed and eventually swallowed.
• Change in governmental polices and the uncertainty of human behavioral patterns do cause major changes without any substantial notice.
• Customers appear to be over demanding, yet in most cases, they are just telling you how best to run your businesses. They offer you a sort of research analysis in disguise.
• The business is not about you but the numerous clients you render services to. They count more than any other thing. Do what they want and you keep smiling to the bank with less brain to crack.
• We are in the information age. How you access, process and utilize information determines how your business will grow.
• You must not build your business system on just one staff or machine. You must always have another better alternative built into the organization. Failure to do so might cause a collapse if he or she exists.
• You must be dynamic and focused. A unidirectional business easily becomes obsolete.
• Profit and loss baked with failures and mistakes are your best survival tools. Repairing a system after a major failure and bringing it up to standard and equally running well means you have mastered the terrain. It translates to cash and professionalism.
• Don’t be attached to a business so much. See it as a tool and vehicle to get you to your destination which is financial freedom. Thus you can flip it when necessary.
• You have to see the end from the beginning. It allows you to determine when in or out of line.
• The challenges that kills a business starts like an ordinary obstacle. You must be eagle eyed to locate and thrash them earlier enough or else, it grow like a cancer.
• There is a great difference between text book definitions and real life practice as regards businesses. Internalize them on time and avoid some mistakes.
Keep thinking, think better!
• Competition abounds. If you understudy and engage it well, you move to the next level. If you don’t, you get dwarfed and eventually swallowed.
• Change in governmental polices and the uncertainty of human behavioral patterns do cause major changes without any substantial notice.
• Customers appear to be over demanding, yet in most cases, they are just telling you how best to run your businesses. They offer you a sort of research analysis in disguise.
• The business is not about you but the numerous clients you render services to. They count more than any other thing. Do what they want and you keep smiling to the bank with less brain to crack.
• We are in the information age. How you access, process and utilize information determines how your business will grow.
• You must not build your business system on just one staff or machine. You must always have another better alternative built into the organization. Failure to do so might cause a collapse if he or she exists.
• You must be dynamic and focused. A unidirectional business easily becomes obsolete.
• Profit and loss baked with failures and mistakes are your best survival tools. Repairing a system after a major failure and bringing it up to standard and equally running well means you have mastered the terrain. It translates to cash and professionalism.
• Don’t be attached to a business so much. See it as a tool and vehicle to get you to your destination which is financial freedom. Thus you can flip it when necessary.
• You have to see the end from the beginning. It allows you to determine when in or out of line.
• The challenges that kills a business starts like an ordinary obstacle. You must be eagle eyed to locate and thrash them earlier enough or else, it grow like a cancer.
• There is a great difference between text book definitions and real life practice as regards businesses. Internalize them on time and avoid some mistakes.
Keep thinking, think better!
Monday, October 27, 2008
YESTERDAY IS GONE, THINK OF TOMORROW
Can you remember some years ago when your hands were waving on air in the class for an opportunity to tell your class teacher what you would like to be when you grow up.
Have you grown up?
So?
Have you become that?
That question was raised up in a group discussion. Guess what the answers were?
Baggage of excuses why many never did.
QUO VADIS?
That's a Latin phrase which means "where are you going?"
Individually and collectively, where are you going?
If you do not know where you are going, then any road is most appropriate for you. Eventually, a nice circular motion is inevitable.
I recalled an exercise we were asked to carry out several years ago. Our only task was to draw up a list of our plans for the next six months, then upwards to one full calendar year and drag it down to the next five years. We were demanded to say exactly where we want to be specifically at the end of each of those periods. It was a moment of sober reflection as most of us saw it as a simple task yet unable to actually proffer answers to the challenge. My ability then to say for real what I will be in six months or one year then was strange talk less of the next five years.
How times flies with mortal men! Months ran into years, down the line, I came to realize that the question then was not where I was just going to be for the fun of it all but what I want to be. So it boils down to one thing, my VISION.
If I know what I want to be, then I can determine what I need to do to get there. This set of exercise was simply set to help us determine our goals, put plans in place to achieve them and to set our priorities right.
Having a vision of what you want to be is not as twisted as it sounds. Yet it remains elusive to a greater percentage of humans, only those who thinks and dreams can make it. It starts with having an idea that you personally consider to worth your pursuit. When this is done, it becomes your own personal goal. The next step is to put plans in place to hit your goals. Here lies the hardest of all the steps, the doing aspect of it all.
Attaining a single vision in ones life time may entail having several goals and therefore several plans. Setting the plans in motion may lead into taking unexpected turns. The road to success is never free of obstacles. To scale these obstacles naturally leads to taking unexpected turns. Events do crop up whereby ones plans are constantly aligned with that of other individuals or institutions which necessitates unexpected changes. However, with a clear vision of what you want to be, you will slowly and surely get to the destination point. Singleness of purpose and power of focus is all that you need.
Over time, the characteristic of an individual in pursuit of a given vision differs. Some start and maintain a slow tempo, achieving their tasks bit by bit. With this system it does not appear too daunting to move on. On the other side, many do take on theirs bullish. Whichever route you may have opted, time remains your only limited resource.
Whatever the mind can conceive, it can achieve. The ability to believe it and live it solely hinges on our constant reinforcing and reaffirming of those our lofty visions.
THINK DREAM DO.
Have you grown up?
So?
Have you become that?
That question was raised up in a group discussion. Guess what the answers were?
Baggage of excuses why many never did.
QUO VADIS?
That's a Latin phrase which means "where are you going?"
Individually and collectively, where are you going?
If you do not know where you are going, then any road is most appropriate for you. Eventually, a nice circular motion is inevitable.
I recalled an exercise we were asked to carry out several years ago. Our only task was to draw up a list of our plans for the next six months, then upwards to one full calendar year and drag it down to the next five years. We were demanded to say exactly where we want to be specifically at the end of each of those periods. It was a moment of sober reflection as most of us saw it as a simple task yet unable to actually proffer answers to the challenge. My ability then to say for real what I will be in six months or one year then was strange talk less of the next five years.
How times flies with mortal men! Months ran into years, down the line, I came to realize that the question then was not where I was just going to be for the fun of it all but what I want to be. So it boils down to one thing, my VISION.
If I know what I want to be, then I can determine what I need to do to get there. This set of exercise was simply set to help us determine our goals, put plans in place to achieve them and to set our priorities right.
Having a vision of what you want to be is not as twisted as it sounds. Yet it remains elusive to a greater percentage of humans, only those who thinks and dreams can make it. It starts with having an idea that you personally consider to worth your pursuit. When this is done, it becomes your own personal goal. The next step is to put plans in place to hit your goals. Here lies the hardest of all the steps, the doing aspect of it all.
Attaining a single vision in ones life time may entail having several goals and therefore several plans. Setting the plans in motion may lead into taking unexpected turns. The road to success is never free of obstacles. To scale these obstacles naturally leads to taking unexpected turns. Events do crop up whereby ones plans are constantly aligned with that of other individuals or institutions which necessitates unexpected changes. However, with a clear vision of what you want to be, you will slowly and surely get to the destination point. Singleness of purpose and power of focus is all that you need.
Over time, the characteristic of an individual in pursuit of a given vision differs. Some start and maintain a slow tempo, achieving their tasks bit by bit. With this system it does not appear too daunting to move on. On the other side, many do take on theirs bullish. Whichever route you may have opted, time remains your only limited resource.
Whatever the mind can conceive, it can achieve. The ability to believe it and live it solely hinges on our constant reinforcing and reaffirming of those our lofty visions.
THINK DREAM DO.
The Rules Have Changed!
Flag this messageone of them.Monday, October 27, 2008 12:16 PM
From: "phortizo Limited"Add sender to Contacts To: kchris_n@yahoo.com The Rules Have Changed!
Three Ages
In the Agrarian Age, the rich were those who owned a castle that overlooked large tracks of fertile agricultural land. These people were known as the monarchs and the nobles. If you were not born into this group, you were an outsider with very little chances of becoming an insider. The 90/10 rule controlled life. Therefore, the 10%who were in power were there because of marriage, birth, or conquest, the other90% were serfs or peasants who worked the land but owned nothing.
During the Agrarian Age, if you were a good, hardworking person, you were respected, the idea of being diligent was handed down from parent to child .it was also when the idle rich began to be loathed-90% of the people worked to support the other 10%, who appeared not to be working .that idea was also handed down from parent to child. There Ideas continue to be popular and are still handed down from generation to generation.
Then came the Industrial Age and wealth shifted from agricultural land to real estate. Improvement such as buildings, factories, warehouses, mines, and residential homes for workers were placed on top of land…improvement. Suddenly, rich fertile agricultural land dropped in value because the wealth shifted to the owners of the buildings upon the land. In fact, an interesting thing happened. Suddenly, rich fertile land became less valuable than rocky land, where farming was difficult. Rocky land suddenly became more valuable because it was cheaper than fertile land. It could also hold taller building such as skyscrapers, or factories, and it often contained resources such as oil, iron, and copper that fueled the industrial Age. When the shift in ages occurred, many farmers` net worth went down, to maintain their standard of living, they had to work harder and farm more land than before.
It was during the industrial Age that the ‘’Go to school so you can find a job’ idea became popular. In the Agrarian Age, a formal education was not necessary since professions were handed down from parent to child; bakers taught their children to be bakers, and so on. Near the end of this era, the idea of ‘’a’ job, or the idea of one job for life, became popularized. You went to school. Got that one job for life, worked your way up the corporate ladder or up the union ladder, and when you retired, the company and the government took care of your needs.
In the Industrial Age, those not of noble birth could become rich and powerful. Rages-to)
-to-riches stories spurred on the ambitious. Entrepreneurs started with nothing and become billionaires. When Henry ford decided to mass-produce the automobile, he found some cheap rocky land that farmers did not want near a small town known as Detroit , and industry was born. The ford family become, in essence, the new nobility, and anyone around them who did business with them also become the new, rich nobility. New names became prestigious as those of kings and queens-names such as Rockefeller, Stanford, and Carnegie. People often respected as well as despised them for their great wealth and power.
In the industrial Age, as during the Agrarian Age, however, only a few controlled most of the wealth. The 90/10 rule still held true simply because it took great effort and coordination as well as a lot of money, people, land, and power to build and control the wealth. For example, to start an automobile company or an oil or mining company is still capital intensive, it takes massive amounts of money, lots of land, and smart formally educated people to build that type of company. On top of that, you often must get through years of bureaucratic red tape-such as environmental studies, trade agreements, labor laws, and so on-to get such a business off the ground. In the industrial age, the standard of living went up for most people, but the control of real wealth continued to remain in the hands of a few. The rules have changed.
THE 90/10 RULE HAS CHANGED
When the Berlin Wall came down and the World Wide Web went up, many rules have changed. One of the most important rules that changed was the 90/10 rule. Although its or the opportunity to join that 10% has changed.The World Wide Web has changed what it costs to join the 10%.Today, it does not take being born into a royal family as it did in the Agrarian Age. It does not require massive sums of money, land,and people to join the 10%.The price of admission today is an idea,and ideas are free.
In the information Age, all it takes is information or ideas to become very, very wealthy. It is therefore possible for individuals who are financially obscure one year to be on the richest people in the world the next. such people often fly past individuals who made their money in the ages gone by. Collage students who have never had a job become billionaires. High school students will surpass their collage student will surpass their collage student counterparts.
In the early 1990’s, I remember reading a newspaper article that said,’’ Many Russian citizens complained that under the communist rule their creativity was stifled. Now that communist us over, many Russians citizens are finding out they had no creativity.’’ Personally, I think all of us have a brilliant creative idea that is unique to us, an idea that could be turned into an asset. The problem for the Russians, as it is with many citizens all over the world, is they did not have the advantage of my rich dad’s guidance in teaching them to understand the power of the B-1 Triangle. I think it is very important that we teach more individuals to be entrepreneurs and how to take their unique ideas and turn them into businesses that create wealth. If we do so, our prosperity will only increase as the information Age expands around the world.
For the very first time in world history, the 90/10 rule to wealth may no longer apply. No longer does it take money to make money. No longer does it take vast tracts of land or resources to become rich. No longer does it take friends in high places to become rich. No longer does it matter if your relatives came over on the MAYFLOWER, it does not matter what university you went to, or what sex, race, or religion you are part of. Nowadays, all it takes it takes is an idea, and as rich dad has always said, ‘Money is an idea.’ For some people, however, the hardest thing to change is an old idea. There is an old truth to the saying ‘You cant teach an old dog new tricks’ I think a more accurate saying is ‘You cant teach someone who clings to old ideas new tricks, regardless of if they are young or old.’
………………..when people simply consider the idea of starting their own B quadrant business, their minds shift from hard work and physical limits to the possibility of unlimited wealth. All it takes is the idea-and we are in the Age of Ideas. I am not suggesting that such people quit their job and leap into starting a company. But I do suggest that they keep their full time job and consider starting a business part-time
CULLED FROM GUIDE TO INVESTING
From: "phortizo Limited"
Three Ages
In the Agrarian Age, the rich were those who owned a castle that overlooked large tracks of fertile agricultural land. These people were known as the monarchs and the nobles. If you were not born into this group, you were an outsider with very little chances of becoming an insider. The 90/10 rule controlled life. Therefore, the 10%who were in power were there because of marriage, birth, or conquest, the other90% were serfs or peasants who worked the land but owned nothing.
During the Agrarian Age, if you were a good, hardworking person, you were respected, the idea of being diligent was handed down from parent to child .it was also when the idle rich began to be loathed-90% of the people worked to support the other 10%, who appeared not to be working .that idea was also handed down from parent to child. There Ideas continue to be popular and are still handed down from generation to generation.
Then came the Industrial Age and wealth shifted from agricultural land to real estate. Improvement such as buildings, factories, warehouses, mines, and residential homes for workers were placed on top of land…improvement. Suddenly, rich fertile agricultural land dropped in value because the wealth shifted to the owners of the buildings upon the land. In fact, an interesting thing happened. Suddenly, rich fertile land became less valuable than rocky land, where farming was difficult. Rocky land suddenly became more valuable because it was cheaper than fertile land. It could also hold taller building such as skyscrapers, or factories, and it often contained resources such as oil, iron, and copper that fueled the industrial Age. When the shift in ages occurred, many farmers` net worth went down, to maintain their standard of living, they had to work harder and farm more land than before.
It was during the industrial Age that the ‘’Go to school so you can find a job’ idea became popular. In the Agrarian Age, a formal education was not necessary since professions were handed down from parent to child; bakers taught their children to be bakers, and so on. Near the end of this era, the idea of ‘’a’ job, or the idea of one job for life, became popularized. You went to school. Got that one job for life, worked your way up the corporate ladder or up the union ladder, and when you retired, the company and the government took care of your needs.
In the Industrial Age, those not of noble birth could become rich and powerful. Rages-to)
-to-riches stories spurred on the ambitious. Entrepreneurs started with nothing and become billionaires. When Henry ford decided to mass-produce the automobile, he found some cheap rocky land that farmers did not want near a small town known as Detroit , and industry was born. The ford family become, in essence, the new nobility, and anyone around them who did business with them also become the new, rich nobility. New names became prestigious as those of kings and queens-names such as Rockefeller, Stanford, and Carnegie. People often respected as well as despised them for their great wealth and power.
In the industrial Age, as during the Agrarian Age, however, only a few controlled most of the wealth. The 90/10 rule still held true simply because it took great effort and coordination as well as a lot of money, people, land, and power to build and control the wealth. For example, to start an automobile company or an oil or mining company is still capital intensive, it takes massive amounts of money, lots of land, and smart formally educated people to build that type of company. On top of that, you often must get through years of bureaucratic red tape-such as environmental studies, trade agreements, labor laws, and so on-to get such a business off the ground. In the industrial age, the standard of living went up for most people, but the control of real wealth continued to remain in the hands of a few. The rules have changed.
THE 90/10 RULE HAS CHANGED
When the Berlin Wall came down and the World Wide Web went up, many rules have changed. One of the most important rules that changed was the 90/10 rule. Although its or the opportunity to join that 10% has changed.The World Wide Web has changed what it costs to join the 10%.Today, it does not take being born into a royal family as it did in the Agrarian Age. It does not require massive sums of money, land,and people to join the 10%.The price of admission today is an idea,and ideas are free.
In the information Age, all it takes is information or ideas to become very, very wealthy. It is therefore possible for individuals who are financially obscure one year to be on the richest people in the world the next. such people often fly past individuals who made their money in the ages gone by. Collage students who have never had a job become billionaires. High school students will surpass their collage student will surpass their collage student counterparts.
In the early 1990’s, I remember reading a newspaper article that said,’’ Many Russian citizens complained that under the communist rule their creativity was stifled. Now that communist us over, many Russians citizens are finding out they had no creativity.’’ Personally, I think all of us have a brilliant creative idea that is unique to us, an idea that could be turned into an asset. The problem for the Russians, as it is with many citizens all over the world, is they did not have the advantage of my rich dad’s guidance in teaching them to understand the power of the B-1 Triangle. I think it is very important that we teach more individuals to be entrepreneurs and how to take their unique ideas and turn them into businesses that create wealth. If we do so, our prosperity will only increase as the information Age expands around the world.
For the very first time in world history, the 90/10 rule to wealth may no longer apply. No longer does it take money to make money. No longer does it take vast tracts of land or resources to become rich. No longer does it take friends in high places to become rich. No longer does it matter if your relatives came over on the MAYFLOWER, it does not matter what university you went to, or what sex, race, or religion you are part of. Nowadays, all it takes it takes is an idea, and as rich dad has always said, ‘Money is an idea.’ For some people, however, the hardest thing to change is an old idea. There is an old truth to the saying ‘You cant teach an old dog new tricks’ I think a more accurate saying is ‘You cant teach someone who clings to old ideas new tricks, regardless of if they are young or old.’
………………..when people simply consider the idea of starting their own B quadrant business, their minds shift from hard work and physical limits to the possibility of unlimited wealth. All it takes is the idea-and we are in the Age of Ideas. I am not suggesting that such people quit their job and leap into starting a company. But I do suggest that they keep their full time job and consider starting a business part-time
CULLED FROM GUIDE TO INVESTING
The more the zeros, the better
Hallo!
What are the differences between hundreds and millions?
Just zeros!
The more the zeros the better!The phrase, to be a millionaire, think like a millionaire is a household saying.
What does it imply?
Millionaires have a distinct and standard way of doing their business which is the opposite of how the general class do theirs. In a lay mans understanding, a person belongs to this group if he or she makes a million or more in his life time. It should be noted that many world millionaires made their money in different ways.As I quoted earlier, to be a millionaire, think like a millionaire, someone who have decided to be a millionaire must arm himself with a winning formulae of his own. This formular must have the basic rudiments found in the winning systems of those in that status. Thus one can say that millionaires have a system that could be reproduced either leftwards or rightwards.For one to migrate to this group is easy and not complicated. A look at their formulae reveals that all the millionaires on planet earth owns three major things in common.
They are-
#.a product
#.known clients
#.a dynamic team.Of the three points mentioned, one point accounts for the greater percentage of success recorded by these affluent members of the society.
Their secret is their team!
Many people and institutions do produce a great product, wonderful clientele base but fail in setting up a well coordinated team. This failure remains the only obstacle for such people to emigrate to the millionaires circle.Many people can make better drinks than coca cola and many others better doughnuts than McDonalds but cannot sell it like them.
That makes the difference.
What are the differences between hundreds and millions?
Just zeros!
The more the zeros the better!The phrase, to be a millionaire, think like a millionaire is a household saying.
What does it imply?
Millionaires have a distinct and standard way of doing their business which is the opposite of how the general class do theirs. In a lay mans understanding, a person belongs to this group if he or she makes a million or more in his life time. It should be noted that many world millionaires made their money in different ways.As I quoted earlier, to be a millionaire, think like a millionaire, someone who have decided to be a millionaire must arm himself with a winning formulae of his own. This formular must have the basic rudiments found in the winning systems of those in that status. Thus one can say that millionaires have a system that could be reproduced either leftwards or rightwards.For one to migrate to this group is easy and not complicated. A look at their formulae reveals that all the millionaires on planet earth owns three major things in common.
They are-
#.a product
#.known clients
#.a dynamic team.Of the three points mentioned, one point accounts for the greater percentage of success recorded by these affluent members of the society.
Their secret is their team!
Many people and institutions do produce a great product, wonderful clientele base but fail in setting up a well coordinated team. This failure remains the only obstacle for such people to emigrate to the millionaires circle.Many people can make better drinks than coca cola and many others better doughnuts than McDonalds but cannot sell it like them.
That makes the difference.
Tuesday, October 21, 2008
NEW YORK (CNNMoney.com) -- Billionaire investor Warren Buffett used a guest commentary article in the New York Times on Friday to announce that he's sticking with stocks.
Buffett, the so-called Oracle of Omaha for his ability to buy up the right companies at the right time for his holding company Berkshire Hathaway (BRK.A), said the worst may not be over for the faltering economy.
"In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary," Buffett wrote.
But for that reason, the Berkshire CEO said, he has converted his personal portfolio almost entirely to U.S. stocks. Previously, he said he owned nothing but Treasury bonds.
Buffett said the fear surrounding the disastrous credit crisis, which has dropped stocks about 36% from their all-time highs set around this time last year, has left equities with attractive purchasing prices.
"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful," said Buffett. "And most certainly, fear is now widespread, gripping even seasoned investors."
Stock prices have been volatile, to say the least. Consider what happened this week alone: The Dow Jones gained 976 points on Monday; fell 76 points on Tuesday; dropped 733 points on Wednesday and then gained 401 points Thursday. But Buffett says the future is much brighter for stocks.
"Fears regarding the long-term prosperity of the nation's many sound companies make no sense," wrote Buffett. "Most major companies will be setting new profit records 5, 10 and 20 years from now."
Still, many nervous investors have been ditching the up-and-down stock market and pouring their funds into physical assets like gold or cash equivalents. Though they may feel safe now, Buffett said those investors are holding "terrible long-term assets" that will not come close to matching the future gains of stocks.
"The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy," Buffett added.
So if strong companies are destined for long-term success, bad news is good news when you're looking to invest in the stock market.
"Bad news is an investor's best friend," Buffett said. "It lets you buy a slice of America's future at a marked-down price."
First Published on CNN Money: October 17, 2008: 8:27 AM ET
Buffett, the so-called Oracle of Omaha for his ability to buy up the right companies at the right time for his holding company Berkshire Hathaway (BRK.A), said the worst may not be over for the faltering economy.
"In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary," Buffett wrote.
But for that reason, the Berkshire CEO said, he has converted his personal portfolio almost entirely to U.S. stocks. Previously, he said he owned nothing but Treasury bonds.
Buffett said the fear surrounding the disastrous credit crisis, which has dropped stocks about 36% from their all-time highs set around this time last year, has left equities with attractive purchasing prices.
"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful," said Buffett. "And most certainly, fear is now widespread, gripping even seasoned investors."
Stock prices have been volatile, to say the least. Consider what happened this week alone: The Dow Jones gained 976 points on Monday; fell 76 points on Tuesday; dropped 733 points on Wednesday and then gained 401 points Thursday. But Buffett says the future is much brighter for stocks.
"Fears regarding the long-term prosperity of the nation's many sound companies make no sense," wrote Buffett. "Most major companies will be setting new profit records 5, 10 and 20 years from now."
Still, many nervous investors have been ditching the up-and-down stock market and pouring their funds into physical assets like gold or cash equivalents. Though they may feel safe now, Buffett said those investors are holding "terrible long-term assets" that will not come close to matching the future gains of stocks.
"The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy," Buffett added.
So if strong companies are destined for long-term success, bad news is good news when you're looking to invest in the stock market.
"Bad news is an investor's best friend," Buffett said. "It lets you buy a slice of America's future at a marked-down price."
First Published on CNN Money: October 17, 2008: 8:27 AM ET
Monday, October 13, 2008
Think, Take Action
A lot have taken place in the economies of different Nations recently.Blames and counter blames are traded by all and sundry. Many blames the insensitive government, many the politicians, many the economy regulators, while many are on the fence about the whole issue.Intrestingly the situation on the ground right now seems as if all proffered solutions are not workable. Many of the acclaimed market analysts who are few months ago termed demi-gods are more confused as they are now of the opinion that contradicts what they said earlier on.Now, who do you run to?Ask yourself, if your leader can get confused, is he ok to lead.I can tell you, what we are seeing now is a blessing in disguise.Mistakes must have been made, but they are easy routes to destinations. America was discovered when the founder was looking for another route. Richard Branson found Virgin airlines when his flight was cancelled and he chartered a flight and sold the remaining seats to other passengers.If you are keen on investing, review your plans, think buy low sell high.I remember the story of Joseph in the Bible, seven long years of prosperity followed another seven years of drought. It was the knowledge of storing the excess of today for the expected scarcity that kept the nation of Egypt alive.Borrowing a leaf from the above, the reverse is the case.Stocks naturally goes up and comes down. Any analyst telling you that so, so or so are wrong must be doing you a disservice.Its time to buy good stocks at penny price.Do not miss it!
Friday, October 10, 2008
Have You Been Marketing?
Watch out for our invaluable marketing
manual coming up soonest.
Why must you pick it up?
*You learn what the marketing Guru's are doing
*Understand what it takes to win a client for keeps
*Have fun while being paid
*Network in a less conventional way
*Build an empire with limited stress.
manual coming up soonest.
Why must you pick it up?
*You learn what the marketing Guru's are doing
*Understand what it takes to win a client for keeps
*Have fun while being paid
*Network in a less conventional way
*Build an empire with limited stress.
Qoute Me.
Making money is easy.
Go about it this way, good thinking, good product.
Just find out what someone else has done and improve on it.
Or do something the reverse order.
Go about it this way, good thinking, good product.
Just find out what someone else has done and improve on it.
Or do something the reverse order.
Crashed Market- A Goldmine!
All over the world, the news of doom has spread all over the world as it regards to its economy.
The media both print and electronic are having a field day reporting woes and blaming every authourity ranging from specific institutions to the government.
Few hours ago, a group of 'capitalist' rounded off a wonderful meeting which was quite interesting as regards the outcome.
Guess what?
They are even happy for the scenerio!
They are strategically buying into some companies of their dream at a rock bottom value.
You dare ask why?
Well history do not lie. It has happened before, now its happening again.
Moments of great slides in any economy is a great time of wealth tranfer.
Uninformed investors or more better call them gamblers does not know the trend and will never ask for direction. The are the masters in creating panic. As the frenzy gains momentum, they sell for no reason just like any other person.
And the real capitalist investor moves in when others are exiting.
Now, if you would like to understand what the situation demands, ask the masters like Donald Trump, Robert Kiyosaki, and the lord of stock market Warren Buffet what their opinion are.
Capitalists are smiling both in northward trends and southwards trends.
Invest in your investment education today!
The media both print and electronic are having a field day reporting woes and blaming every authourity ranging from specific institutions to the government.
Few hours ago, a group of 'capitalist' rounded off a wonderful meeting which was quite interesting as regards the outcome.
Guess what?
They are even happy for the scenerio!
They are strategically buying into some companies of their dream at a rock bottom value.
You dare ask why?
Well history do not lie. It has happened before, now its happening again.
Moments of great slides in any economy is a great time of wealth tranfer.
Uninformed investors or more better call them gamblers does not know the trend and will never ask for direction. The are the masters in creating panic. As the frenzy gains momentum, they sell for no reason just like any other person.
And the real capitalist investor moves in when others are exiting.
Now, if you would like to understand what the situation demands, ask the masters like Donald Trump, Robert Kiyosaki, and the lord of stock market Warren Buffet what their opinion are.
Capitalists are smiling both in northward trends and southwards trends.
Invest in your investment education today!
Subscribe to:
Comments (Atom)