Journey With Myself Promotion : Promote to win a top level domains + Hosting!

This is a promotional giveaway where you could win the following prizes: Top Level Domains [Like *.com *.org *.in etc] Premium hosting for 1 year Many domains This promotion will run from Sunday, 12th October’ 2011 to 31st October’ 2011 00:00 hours (mid-night). Result of the promotion will be announced on within a week and prizes will be distributed to all the winners in the next 3 weeks’ time.

Every Day is A New Day

New day.. New office location.. New Seat.. So many new things happened to me before this new year comes. Newness always brings enthusiasm and excitement. Hope this New Year also comes with hand full of surprises as Every Day is a New Day indeed..!!!

12 Most Famous Love Stories of All Time

When: 31 BC Where: Rome and Egypt What’s So Special about Their Love: These two had a love so strong, war was waged against them to break them up. When Mark Antony left his wife, Octavia, for the mesmerizing Cleopatra, Octavia’s brother Octavian brought the army of Rome to destroy them. These two lovers were so entranced with each other that they committed suicide rather than be apart- the ultimate Romeo and Juliet true love story.

Mahatma`s Teachings

I like both the movies MunnaBhai MBBS and Lage Raho MunnaBhai. I dont know about the Gandhi`s political decisions but I believe in his teachings to the nation.

Universal Truth about Boys............lolz!!

Now i truly admit, Google is very very very smart......

Showing posts with label warren buffet. Show all posts
Showing posts with label warren buffet. Show all posts

Thursday, May 28, 2020

What to look when you Hire?

Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don't have the first, the other two will kill you. You think about it; it's true. If you hire somebody without [integrity], you really want them to be dumb and lazy.


Integrity, intelligence, and energy = a great hire.

Putting all the pieces together, you have a great package deal. And while integrity may weigh heavier, the bar must be set equally high for each of the three traits. 

  • Hire someone with high energy, high intelligence, but low integrity and you'll get a smart, fast-moving thief.
  • Hire someone with high intelligence, high integrity, but low energy and you'll get a shopkeeper, not an engine of growth.
  • Hire someone with high energy, high integrity, but low intelligence and you'll get a strong functionary, but not a great problem solver or visionary.

First of all, we're not negating the other two traits as deemed of lesser importance. You absolutely need intelligence in a knowledge economy. And energy is the fuel that propels passion and motivation.

But a lack of integrity? Like Warren Buffett asserts, it's a clear non-negotiable. When you hire someone with integrity, it's the central pillar that holds all three together or the structure collapses.

Integrity is what makes it hard to question a person's decisions. His or her actions are open for everyone to see and you can rest assured that he or she will use good judgment. 

In tight, collaborative spaces, colleagues of such hires will quickly see them as dependable and accountable for their actions, which is a laser path to developing team trust.

Hiring people with integrity also addresses the leadership void. A person who walks-the-walk of integrity eventually becomes a role model who commands respect and exercises great influence. These are the type of leaders people desire and whom you want to promote to management roles. 

Monday, April 2, 2012

Tips of Warren Buffet's to Get Rich


Warren Buffet is the richest man in the world, with an estimated wealth of $62 billion. He is eminently regarded as one of the most successful investors in the world and is called a ‘Legendary Investor’.


When he began buying stocks in Berkshire Hathaway in 1962, one share cost him around $7.50 dollar. But today the entire scenario is changed and at 81, Buffet is Berkshire’s Chairman and CEO and one share of the company’s class ‘A’ stock worth is close to $119,000. He credits his amazing success to several key strategies. Here are some of Buffett's money-making secrets and tips for you to get rich -


1. Reinvest Your Profits


When you first make profit in the stock market, you may be tempted to spend more in order to gain more. But he says, “Don't.” Instead, he suggests reinvesting the profits. Buffett learnt this lesson much early. In his high school, he and a mate bought a pinball machine to pun in a barbershop. With the money they earned, they bought more machines. When the friends sold the scheme, Buffett used the proceeds to buy stocks so that he could start another small business with the profit. By 26, he'd accumulated $174,000. Even a small sum can turn into great wealth, if it is wisely invested

2. Be Willing To Be Different


Don't let your decisions be based entirely upon what everyone says or does. When Buffett began handling money in 1956 with $100,000, he started with a handful of investors. Back then he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to inform his parents where he was investing their money. People foresaw it as a failure but after 14 years, when he closed his partnership; it was worth more than $100 million. Instead of following the crowd, he went out of the box and looked for underrated investments and ended up vastly beating the market average every single year. To Buffett, what everybody is doing is doing is the average. He says ‘to be above average, you need to measure yourself’ which he calls as ‘Inner Scorecard’, that is ‘judging yourself by your own standards and not the world's.’


3. Never Suck Your Thumb


When you need to make money investing or money making decision, gather all information regarding it in advance and solicit a friend or relative to make sure that you stick to your self decided deadline. Buffett prides himself on swiftly making up his mind, taking a decision and executing it. He calls any unnecessary sitting and thinking as “thumb sucking.” Whenever people offered him a business or an investment, he on spot answer was always, “I won't talk unless they bring me a price.”

4. Spell Out the Deal Before You Start


Your bargaining power is always at its greatest before you begin a job. This is a time when you have something good to offer to the other party. Buffett learnt this lesson the hard way as a kid, when his grandfather Ernest hired him to dig out the family grocery store after a blizzard. The boys spent five hours scooping until he could barely straighten his frozen hands. Afterward, his grandfather gave him less than 90 cents. Warren Buffett was shocked to see that he performed such backbreaking work only to earn pennies per hour. Always nail down the particulars of a deal in advance even the deal is with your friends and relatives.

5. Watch Small Expenses


Warren Buffett invests in businesses which are run by managers who are obsessed even over the tiniest of cost. He once acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated and Buffet really appreciated this. He also admired a friend who painted only the road facing side of his office building. Exercising alertness over every expense can make your profits and your paycheck.


6. Limit What You Borrow


Living mostly on credit cards and loans will not make you rich. Buffett has never borrowed a noteworthy amount, not even to invest or mortgage. He has gotten a number of heart rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: “Negotiate with creditors to pay what you can. Then, when you're debt-free, work on saving some money that you can use to invest,” as quoted on his official website.


7. Be Persistent


With obstinacy and resourcefulness, you can even win against a well established competitor. In 1983, Warren Buffett acquired the Nebraska Furniture Mart as he liked the way its founder, Rose Blumkin, did business. She was a Russian immigrant, who built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the rich ones and she was a merciless delegate who was very good in negotiation. To Warren Buffett, Rose personified the unwavering courage that makes a winner out of an underdog.


8. Know When to Quit


Once, when Warren Buffett was in his teens, went to the racetrack. He gambled on a race and lost. To get back with his funds, he bet on another race. He lost again which actually left him with nothing. He felt sick and wasted nearly a week's earnings. But Buffett learnt from this and never repeated any such mistakes. He says, “Know when to walk away from a loss, and don't let anxiety fool you into trying again.”

9. Assess the Risk


In 1995, an employer of Warren Buffett's son, Howie, was accused by the FBI for price-fixing. Warren Buffett advised Howie to imagine the worst and best case scenarios if he stayed with his company. His son quickly realized the risks of staying in the company anymore and he quit the very next day. Hew says asking yourself “and then what?” can help you much more and will let you see all the possible consequences when you're struggling hard to make a decision.

10. Know What Success Really Means


Despite his wealth, Warren Buffett does not measure success as per the number of dollars. In 2006, he vowed to give almost of his fortune to charities, primarily to the Bill and Melinda Gates Foundation. He’s adamant about not funding monuments to himself. He doesn’t want any Warren Buffett buildings or halls. He says, “I know people who have a lot of money and they get testimonial dinners and hospital wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you'll measure your success in life by how many of the people you want to have love you actually do love you. That's the ultimate test of how you've lived your life,” as quoted in his official website.