Golden Box

The Seven Deadly Sins !!!

Pride is excessive belief in one's own abilities, that interferes with the individual's recognition of the grace of God. It has been called the sin from which all others arise. Pride is also known as Vanity.

Envy is the desire for others' traits, status, abilities, or situation.

Gluttony is an inordinate desire to consume more than that which one requires.

Lust is an inordinate craving for the pleasures of the body.

Anger is manifested in the individual who spurns love and opts instead for fury. It is also known as Wrath.

Greed is the desire for material wealth or gain, ignoring the realm of the spiritual. It is also called Avarice or Covetousness.

Sloth is the avoidance of physical or spiritual work.

cheers,
nkpanjiyar

Thanks baron.

Below is a nice assessment of the two concepts I recently read:

Graham-style investing is akin to paying $10 for a company worth $20, but on the way to $15

Pay 50 cents for $1; that dollar is shrinking.

Buffett-style investing is akin to paying $10 for a company worth $15, but on the way to $20

Pay 66 cents for $1; that dollar is growing.

cheers,
nkpanjiyar

The following is an excerpt from Warren Buffett's 1989 Chairman's letter:

If you buy a stock at a sufficiently low price, there will usually be some hiccup in the fortunes of the business that gives you a chance to unload at a decent profit, even though the long-term performance of the business may be terrible. I call this the "cigar butt" approach to investing. A cigar butt found on the street that has only one puff left in it may not offer much of a smoke, but the "bargain purchase" will make that puff all profit.

Unless you are a liquidator, that kind of approach to buying businesses is foolish. First, the original "bargain" price probably will not turn out to be such a steal after all. In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.

Second, any initial advantage you secure will be quickly eroded by the low return that the business earns. For example, if you buy a business for $8 million that can be sold or liquidated for $10 million and promptly take either course, you can realize a high return. But the investment will disappoint if the business is sold for $10 million in ten years and in the interim has annually earned and distributed only a few percent on cost. Time is the friend of the wonderful business, the enemy of the mediocre.

You might think this principle is obvious, but I had to learn it the hard way - in fact, I had to learn it several times over. Shortly after purchasing Berkshire, I acquired a Baltimore department store, Hochschild Kohn, buying through a company called Diversified Retailing that later merged with Berkshire. I bought at a substantial discount from book value, the people were first-class, and the deal included some extras - unrecorded real estate values and a significant LIFO inventory cushion. How could I miss? So-o-o - three years later I was lucky to sell the business for about what I had paid. After ending our corporate marriage to Hochschild Kohn, I had memories like those of the husband in the country song, "My Wife Ran Away With My Best Friend and I Still Miss Him a Lot."

I could give you other personal examples of "bargain- purchase" folly but I'm sure you get the picture: It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Charlie understood this early; I was a slow learner. But now, when buying companies or common stocks, we look for first-class businesses accompanied by first-class managements.


Just interesting thoughts I figure were interesting and worth sharing...

cheers,
nkpanjiyar

The 7 Traits of Highly Successful People

See the attached image.

cheers,
nkpanjiyar

Attached Images

success.jpg (23.8 KB, 52 views)

1. SSC + HSC + BCOM + MBA = UNEMPLYOMENT

2. An Idea + An Idiot = A Dot com.

3. One Chinese gymnast = India's Gold Medal tally since 1896

4. Sushmita Sen - 1.2 feet = Salman Khan.

5. Special Effects in Shampoo ads = Special effects in Jurassic park.

6. 4 weeks in Switzerland + London + New Zealand + Canada = a 4 minute song in Hindi movie.

7. Ajay Devgan + cosmetic surgery + acting ability + personality + own production company = Kajol

8. Rona dhona x Bewafai x Badle ki aag = Your mum's favourite serials.

9. Amitabh Bachchan - Mrityudaata + Kaun Banega Crorepati = A SUPERSTAR.

10. Amitabh Bachchan + Jaya Bachchan - Talent = Abhishek Bachchan

11. Any actor + Any actress + many movies = David Dhawan

12. 1 smile + 32 teeth = Govinda

13. 1 person - shirt = Salman Khan

14. 1 person + straight hair + un-straight walk = Sanjay Dutt

15. 1 hand + 10 kg weight = Sunny Deol

16. One engagement + Two weddings + Three wedding songs + Four hundred Relatives + A house bigger than Buckingham Palace = One sooraj Barjataya Film

**********

& the winner is .........


One S/W engineer + No work = Many forwards...........!!!!

ho ho ho.............

nkpanjiyar at the best....

SSC+HSC+B.COM+M.COM+MBA-Talent-knowledge-common sense=ganeshhity

good article nice family relationship keep bonding every one.through out our life...
keep it up nkpanjiyar

One day a farmer's donkey fell down into a well. The animal cried piteously for hours as the farmer tried to figure out what to do. Finally, he decided the animal was old, and the well needed to be covered up anyway; it just wasn't worth it to retrieve the donkey.

He invited all his neighbours to come over and help him. They all grabbed a shovel and began to shovel dirt into the well. At first, the donkey realized what was happening and cried horribly. Then, to everyone's amazement he quieted down.

A few shovel loads later, the farmer finally looked down the well. He was astonished at what he saw. With each shovel of dirt that hit his back, the donkey was doing something amazing. He would shake it off and take a step up.

As the farmer's neighbours continued to shovel dirt on top of the animal, he would shake it off and take a step up. Pretty soon, everyone was amazed as the donkey stepped up over the edge of the well and happily trotted off!

Life is going to shovel dirt on you, all kinds of dirt. The trick to getting out of the well is to shake it off and take a step up. Each of our troubles is a steppingstone. We can get out of the deepest wells just by not stopping, ever giving up! Shake it off and take a step up.

Remember the five simple rules to be happy:

1. Free your heart from hatred - Forgive.

2. Free your mind from worries - Most never happen.

3. Live simply and appreciate what you have.

4. Give more.

5. Expect less

cheers,
nkpanjiyar

source: e-group friend

Ah! one of my favourite threads has come back to life again & thanks to one of my favourite authors in this forum.

Thanks NK, I simply love this post of your's, especially the one highlighted in the quote. So very true is'nt it, how life kicks you around & you simply have to allow yourself to be buffetted around to re-surface & live to fight another day. Something which reminds me of an early lesson in self-defence; you have to absorb the punch with a backward/sideward moving jaw & you have to roll with the shove/fall. Am getting too martial or violent am I?