My Inspiration

                                     

                                        WARREN BUFFETT 

Buffett made an enormous fortune from astute investments, particularly through his company Berkshire Hathaway, of which he is the largest shareholder and CEO.

Berkshire Hathaway has about $2 billion in holdings.

With an estimated net worth of about $46 billion, the 79-year-old Buffett, is often called the 'Sage of Omaha'.

As a child, Buffett was a paper boy for the Washington Post and attempted to cover more than one route at the same time. Showing a spontaneous talent for making money, Buffett also started earning that early by collecting and selling lost golf balls.

He even started playing the stock market with one of his sisters at 11. At 12, he was betting on horses and by high school he started a business (pinball machines) with a friend, which earned him $50 a week.

Not only did he own a business by the time he graduated, he also had bought himself 40 acres of farmland in Nebraska. 

Buffett was strongly influenced by economist Benjamin Graham's theory that it is wise to look for stocks of companies which are undervalued as they will probably prosper with a little time.

Buffett started his investment company, the Buffett Partnership, at 25, using $5,000 of his own funds and collecting $100,000 from friends and family. One of the smartest moves made by Buffett's company at that time was to invest in American Express.

In June 2006, Buffett made a commitment to give away his fortune to charity, with 85 per cent of it ($30 billion) going to the Bill and Melinda Gates Foundation. Buffett's donation was the largest act of charitable giving in the world's history.

Failure Can Be The Best Teacher

In the school , I heard a teacher  saying that the secret to success was by failing. It turns out he was right. I have learned much more from failure than success. 



Bill Gates stated, “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”    


1) Understand and accept failure as a part of life. Successful people says "If at first you don’t succeed, try, try again.” No matter how hard you may work, failure can happen. One of the largest Web companies in the world states, “If we accept failure as part of life rather than something we try to avoid all the time, it can make a big difference in the way we choose to live our lives.” 

2)Making mistakes is OK,as long as the same one isn’t made twice and you learn from it. Failure shouldn’t be feared, but embraced. “Fail fast” and “embrace failure” are the top buzzwords in Silicon Valley. In fact, there is an annual failure conference there! The goal is for attendees to “study their own and others’ failures and prepare for success.” Failing is part of the learning experience.If you’re not willing to take the risk of failing and not experience failure, you’re never going to figure out what the right path is to success.”  

3)Learn the difference between quitting and failing. Thomas Edison was hearing-impaired, and his teachers said he was “too stupid to learn anything.” Imagine if Edison quit working on the light bulb after the first failure. The world would be a different place! After inventing the light bulb, he stated, “I have not failed. I’ve just found 10,000 ways that won’t work.” He never quit. He knew that failure was a process and quitting was losing. You can’t succeed at anything if you quit.

Failure is a process and an event toward success. Seeing failure as the end is quitting, but seeing failure as a means to success is “true success.”

-Shreyansh Jain

Some Important things To Remember

#1#


* “Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily understandable business whose earnings are virtually certain to be materially higher five, 10 and 20 years from now … If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes  



#2#


 "Secret to investing is starting early and getting your money to compound for you. Even if it isn’t much, over the long term, time is more important than the return or amount invested"     


#3#


"It is important to think and invest for the long term. Many look to make a quick profit, but 92 percent of day traders lose money,"

Investments Tips

#1#

 "Best time to buy a company stock is when it’s in trouble but can be turned around."

#2#

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

#3#

"Value investing strategy is about investing rationally in businesses that have a lasting advantage"

#4#  

"Price is what you pay; value is what you get."