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snowballFirst things first; this book is about 1000 pages. So, you may think that by completing the mammoth task of finishing this book you will accomplish the mammoth task of understanding Warren Buffett. After all he is a business man and not some complicated artist and Warren himself has always made things easy to understand. But the thing about Warren Buffett is that he is easy to understand for a beginner, but has profound depth that will continue to amaze an “expert”.

 

http://www.youtube.com/watch?v=PnTm2F6kiRQ&feature=related

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51-3

I guess its true pride comes before a fall. I  am telling you so you wont lose all

- John Lennon

This book was written in 1993 or maybe earlier and I had picked the 1993 edition. The author says at the end that speculative financial bubbles would continue to happen and the very same pattern would repeat again and again. He did not predict when but said it is certain that they would happen. It happened in 2000 with Dot com and 2008 with subprime. Only thing history teaches is that we don’t learn from history. continue reading…

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By issuing bonus stocks.Now every one who has studied little bit of finance knows that it means nothing. All relaince effectively did was to split 4 slices of pizza into 8 slices and give 2 slices of pizza each ,to  four people saying one extra slice is a bonus.While none of us are stupid enough to take the pizza slice as the bonus ; apparently economic times is stupid enough to print the equivalent bonus stocks as a diwali bonanza for stakeholders on its front page. continue reading…

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warning -this blog post has been extremely embarrassing to write but we are here to do all sorts of social service

No birth control method is cent per cent guaranteed. Just like everything else probabilities are at play here with maybe the best method having a .95 percent chance of successes. That means 5 babies every 100 times you have sex using that method. No I am just scaring you. It means out of 100 women who use the best birth control and have sex today 5 will get pregnant.* continue reading…

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1165Don’t laugh and the whole world laughs at you. Before they invented canned laughter they used to pay a propotion of the audience to laugh at the jokes or applaud at critical parts of the performance. “When in doubt follow the crowd “ – this short cut to do what the majority is doing perhaps best explains why I took up engineering.

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pvIf you used to pick up the magazine Sportstar back in the good old 90s , you may remember that against all odds a pole vaulter was a global sports celebrity. Sergi Bubka was so much ahead of his competition that whenever he participated in a major event , the only question was about the margin with which he would win. continue reading…

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Since it is so easy to sit back and analyse now, let me go ahead and do the same. It all started when Alan Greenspan had sex with Ayn Rand. But in all seriousness it did!!!

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dollarIf a strong dollar is vote of confidence in the US economy then why did the dollar climb up while increasingly negative economic indicators were coming out every week? The obvious answer is demand and supply, but who is creating the demand for dollars and who are willing to supply them those dollars. continue reading…

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“ Read this or feel forever out of loop” said the back cover .Well the loop stopped looping an year later when dot com companies started crashing and the caused a recession and many people had a sanity check.This book was written just before all that happened and Michael Lewis makes an absolute fool of himself. continue reading…

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flower inside drop 1 flower inside drop 2 dark scary clouds 1 dark scary clouds 2 action freezed blue pearl reaching sky upside down