Wednesday, October 14, 2009

Why does it always happen like this?!?!

Yep.... once again it is the case. It's exam time, and all of a sudden I am writing stuff over here. There have been times when I have been watching Boston Legal (or any other series for that matter) for hours and hours NON-STOP. But, there is something with exams, that induces the writing instict in me. Is it just that I'm actually practicing??? Because (oh yeah, they say don't start with because.... but what the hell!! :D), for all you know, I might be writing the exact same thing in the exams the next day!! :)

Well, it's something that I myself may not be able to answer. Maybe you can help me out .(Those of you who do end up reading this that is.... which I think is not many ;) )

Tuesday, October 13, 2009

Some interesting things from Warren Buffet's letters to the shareholders

I am at present going through some of the letters to the shareholders given by possibly the best investor of all time, Mr. Warren Buffet (He is also the CEO of Berkshire Hathaway). I'll be posting some interesting things as and when I read them. Here is the first one :

Ben Graham told a story 40 years ago that illustrates why investment professionals behave as they do: An oil prospector,moving to his heavenly reward, was met by St. Peter with bad news. “You’re qualified for residence”, said St. Peter, “but, as you can see, the compound reserved for oil men is packed.There’s no way to squeeze you in.” After thinking a moment, the prospector asked if he might say just four words to the present occupants. That seemed harmless to St. Peter, so the prospector cupped his hands and yelled, “Oil discovered in hell.” Immediately the gate to the compound opened and all of the oil men marched out to head for the nether regions. Impressed, St.Peter invited the prospector to move in and make himself comfortable. The prospector paused. “No,” he said, “I think I’ll go along with the rest of the boys. There might be some truth to that rumor after all.”