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Archive for the ‘wisdom’ Category

Some I liked

It doesn’t matter what your probability of failure is. If there’s a 90% chance of failure, there’s a 10% chance of changing the world.

I have a surprising perspective that is almost nothing that is not open to technology innovation.

We are now in an economy of ideas. If you build a great search engine, you make $50 billion.

via General Assembly,  read more >>>

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2 greats, Pu La Deshpande and Atal Behari Vajpayee pay tribute to Veer Savarkar
The first 24 minutes in marathi by PLD , next 39 minutes in hindi by ABV.
some takeaways
The best i have heard from vajpayee.  My take, this beats his 1996 parliament speech by a bit
The negative propaganda of the congress party and the lib tards from JNU have never given Savarkar his due share in indian history
The same congress propaganda machine is working full time to demonize modi.
BJP restored some glory to this unsung hero by at least naming Port Blair airport after him
I have been fortunate to visit the cellular jail in Port Blair, if you have not visited Andamans, please plan your next vacation there, history and a beach vacation both in one.
You can guess or deduce when this speech was made.

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Invention requires a long-term willingness to be misunderstood….     Jeff Bezos

A degree of foolishness is essential to entrepreneurship……    Vinod Khosla

The more diverse your education, the more likely you will learn how to learn……    Vinod Khosla @ MIT

Those who appear to be liberal evoke even more suspicion than those who are liberal……   Machiavelli

In the next 10 years, data science and software will do more for medicine than all the biological sciences combined… Vinod Khosla

A good leader stirs shit up when things get comfy, and provides cover when the pressure’s on…. Stefan Klocek

If you obey all the rules, you miss all the fun ….. Katherine Hepburn

Rules are for fools to follow and the smart to consider….  Unknown

“The key to making great investments is to assume that the past is wrong, and to do something that’s not part of the past, to do something entirely differently,” ….  Don Valentine

“Creativity is not the game preserve of artists, but an intrinsic feature of all human activity.” …..    unknown

“Logic will get you from A to B. Imagination will take you everywhere.” …..   Albert Einstein

life only makes sense looking backward, but is lived going forward”; punditry is poorer than thoughtful ….

We learn the most from those we have the least in common …..

Almost nobody gets what they deserve, and almost everybody should be grateful for that……

When something bad happens to you, don’t ask “Why me, Lord?”, because it makes Me look bad in front of the angels….. GOD

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We compiled a few of the best quotes from the Oracle of Omaha.

Master the basics.

The best time to buy a company is when it’s in trouble.

Don’t buy a stock just because everyone hates it.

Stocks have always come out of crises.

Don’t be fooled by that Cinderella feeling you get from great returns

You don’t have to be a genius to invest well.

Always be liquid.

Think long-term.

Forever is a good holding period.

Buy business that can be run by idiots

Be greedy when others are fearful.

Buying a stock is about more than just the price.   “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

You don’t have to move at every opportunity

Ignore politics and macroeconomics when picking stocks.

The more you trade, the more you underperform.

Price and value are not the same. “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Bad things aren’t obvious when times are good. “After all, you only find out who is swimming naked when the tide goes out.”

There are no bonus points for complicated investments.

A good businessperson makes a good investor.

Higher taxes aren’t a dealbreaker.

Companies that don’t change can be great investments. “Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it’s the lack of change that appeals to me. I don’t think it is going to be hurt by the Internet. That’s the kind of business I like.”

This is the most important thing. “Rule No. 1: never lose money; rule No. 2: don’t forget rule No. 1”

Time will tell. “Time is the friend of the wonderful business, the enemy of the mediocre.”

BONUS: On Wall Street advice. “Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.”

full article  >>>>>

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(via wsj)  A story that captures our society’s misguided efforts to deal with dishonesty. One day, Peter locked himself out of his house. After a spell, the locksmith pulled up in his truck and picked the lock in about a minute.

“I was amazed at how quickly and easily this guy was able to open the door,” Peter said. The locksmith told him that locks are on doors only to keep honest people honest. One percent of people will always be honest and never steal. Another 1% will always be dishonest and always try to pick your lock and steal your television; locks won’t do much to protect you from the hardened thieves, who can get into your house if they really want to. The purpose of locks, the locksmith said, is to protect you from the 98% of mostly honest people who might be tempted to try your door if it had no lock.

In India, a former CVC director profiled Indians on  honesty. His observation that 20% of Indians are utterly honest, 33% are utterly dishonest, the rest are mostly honest and dishonest. After 7 years of doing business and investments across sectors, I think this observation is spot on.

Except for a few outliers at the top and bottom, the behavior of almost everyone is driven by two opposing motivations. On the one hand, we want to benefit from cheating and get as much money and glory as possible; on the other hand, we want to view ourselves as honest, honorable people. Sadly, it is this kind of small-scale mass cheating, not the high-profile cases, that is most corrosive to society. Read More >>>>

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Friends

A short speech by the CEO of Coca Cola, short, effective and profound

“Imagine life as a game in which you are juggling some five balls in the air. You name them – Work, FamilyHealthFriends and Spirit and you’re keeping all of these in the air.

You will soon understand that work is a rubber ball. If you drop it, it will bounce back. But the other four balls – Family, Health, Friends and Spirit– are made of glass. If you drop one of these; they will be irrevocably scuffed, marked, nicked, damaged or even shattered. They will never be the same. You must understand that and strive for it.

Work efficiently during office hours and leave on time. Give the required time to your family, friends and have proper rest. Value has a value only if its value is valued.”


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Never Depend on a single income, make investments to create a second source.

If you buy things you do not need, soon you will have to sell things you need.

Do not save what is left after spending,  but spend what is left after saving.

Never test the depth of a river with both feet.

Do not put all your eggs in one basket

Honesty is a very expensive gift, do not expect it from cheap people.

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