J.P Morgan and Rockefeller

At the time of his death on March 31, 1913 J.P. Morgan had an estate worth $80 million. Compared to his peers of the era, especially Rockefeller, it was not such a large estate. In fact, Rockefeller’s comment at the time [after reading the pages and pages of obituaries, was rather sniffy:], “And to think he wasn’t even a rich man.”

Source: Ahamed: Lords of Finance

India has more cell phones than toilets: UN report

Far more people in India have access to a mobile phone than to a toilet, according to a UN study on how to improve sanitation levels globally.

India’s mobile subscribers totalled 563.73 million at the last count, enough to serve nearly half of the country’s 1.2 billion population.

But just 366 million people — around a third of the population — had access to proper sanitation in 2008, said the study published by the United Nations University, a UN think-tank.

“It is a tragic irony to think in India, a country now wealthy enough that roughly half of the people own phones,” so many people “cannot afford the basic necessity and dignity of a toilet,” said UN University director Zafar Adeel.

Steve Jobs Refused Transplant of Tim Cook’s Liver

The latest biography of the legendary tech-guru, Becoming Steve Jobs: The Evolution Of a Reckless Upstart Into a Visionary Leader, covers the different key phases of Steve Jobs’ life. Written by Brent Schlender and Fast Company executive editor Rick Tetzeli, the book also offers insights into Jobs’ closest friendships, epitomized by a heart-warming anecdote about his relationship with successor, Tim Cook.

Excerpts released from the book revealed that Cook, upset by his mentor’s struggle with cancer, offered him part of his liver in 2009. Although Jobs was terminally ill from a rare pancreatic cancer, he vehemently rejected the offer.

“He cut me off at the legs, almost before the words were out of my mouth,” Cook recalled. “‘No,’ he said. ‘I’ll never let you do that. I’ll never let you do that.'”

The incident, according to Cook, was a true testament to Jobs’ selfless nature. Continue reading »

The Easiest Daytrade To Make

ss-7853536-potOfGold Essentially there are 3 timeframes to trade when it comes to “daytrades”:

1) the open

2) the close

3) and everything else in between

As you know by now, #3 is really the toughest to trade. It is the lowest probability trade of the three types, and your stops frequently get hit. Frequently, even if we get the direction right it is not very profitable because we get whipsawed like crazy. However, this is where many trades can be made, so the scalps do add up to a good chunk if you know what you’re doing.

So those who had joined us and getting Intraday calls-ofcourse having upperhand and minting money. Continue reading »