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rssGreat Quote by Thomas Phelps -Legendary Investor
The % gain necessary to get back even, after a certain percentage loss.
Trade imbalance worries FM
The Union finance minister, Mr Pranab Mukh-erjee, on Sunday expressed concern over the spiralling inflation, the country’s increasing current account deficit and trade imbalances. “These are the issues which raise concerns. Inflationary pressures are there and non-oil imports are rising,” he told reporters on the sidelines of an event here on Sunday. He said that imports of capital goods, raw materials and intermediaries are rising, widening the trade gap. Though financing the trade gap was now manageable, he cautioned that if the situation continued to be like this, the scenario would be uncertain. The finance minister said the import bill would rise further due to high oil prices. “I do not know to what extent we will be able to control import of petroleum products,” he said. |
Warren Buffett: Markets are like sex
There’s nothing like getting a big bang for your buck, and no one knows that more than billionaire investor Warren Buffett.
The 83-year-old founder of Berkshire Hathaway, whose investments have consistently beaten the stock market over the past 50 years, shared a few tips in this year’s annual letter to shareholders, including comparing the stock market with sex.
Mr Buffett said new investors tend to buy shares when the markets are rising and optimism is high, only to get disillusioned when prices fall.
Quoting the late money manager Barton Biggs, whose attention to emerging markets in the 1980s marked him as one of the world’s first and foremost global investment strategists, Mr Buffett added: “A bull market is like sex. It feels best just before it ends.”
He advised investors to “keep things simple” by “accumulating shares over a long period, and never sell when the news is bad and stocks are well off their highs”.
Michael Burry on what it takes to be a great investor. From The Big Short
Paul Tudor Jones Speaks…
Trading Errors
1. Trying to catch a falling knife. 2. Picking Tops 3. Failure to wait for confirmation. 4. Lack of patience. 5. Lack of a clear strategy. 6. Failure to assume responsibility. 7. Failure to quantify risk. |
Start a hedge fund
10 Life Lessons We Learn Too Late
What Are the Lessons People Often Learn Too Late in Life?
1. Time passes much more quickly than you realize.
2. If you don’t take care of your body early then it won’t take care of you later. Your world becomes smaller each day as you lose mobility, continence and sight.
3. Sex and beauty may fade, but intimacy and friendship only grow.
4. People are far more important than any other thing in your life. No hobby, interest, book, work is going to be as important to you as the people you spend time with as you get older.
5. Money talks. It says “Goodbye.” If you don’t plan your finances for later in life, you’ll wish you had.
6. Any seeds you planted in the past, either good or bad, will begin to bear fruit and affect the quality of your life as you get older — for better or worse.
7. Jealousy is a wasted emotion. People you hate are going to succeed. People you like are going to sometimes do better than you did. Kids are going to be smarter and quicker than you are. Accept it with grace.
8. That big house you had to have becomes a bigger and bigger burden, even as the mortgage gets smaller. The cleaning, the maintenance, the stairs — all of it. Don’t let your possessions own you.
9. You will badly regret the things you didn’t do far more than the things you did that were “wrong” — the girl you didn’t kiss, the trip you didn’t take, the project you kept putting off, the time you could have helped someone. If you get the chance — do it. You may never get the chance again.
10. Every day you wake up is a victory.