Warren Buffet's New Year Letter

Great advice to take heed.

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Warren Buffet's New Year Letter

We begin this New Year with dampened enthusiasm and dented optimism.

Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organisations and nations.

Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health.

They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.

Every new year, I adopt a couple of old maxims as my beacons to guide my future.

This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older.

This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.

• Hard work: All hard work brings profit; but mere talk leads only to poverty.
• Laziness: A sleeping lobster is carried away by the water current.
• Earnings: Never depend on a single source of income.
• Spending: If you buy things you don't need, you'll soon sell things you need.
• Savings: Don't save what is left after spending; Spend what is left after saving.
• Borrowings: The borrower becomes the lender's slave.
• Accounting: It's no use carrying an umbrella, if your shoes are leaking.
• Auditing: Beware of little expenses; a small leak can sink a large ship.
• Risk-taking: Never test the depth of the river with both feet.
• Investment: Don't put all your eggs in one basket.

I'm certain that those who have already been practising these principles remain financially healthy.

I'm equally confident that those who resolve to start practising these principles will quickly regain their financial health.

Let us become wiser and lead a happy, healthy, prosperous and peaceful life.

Warren Buffet

Name of Allah on NIKE Shoes

This is what the 'NIKE' company did ....

'NIKE' company wrote the name of 'ALLAH' on the shoes & from the back so no one will notice this .......

The Biggest Robbery of The 20th Century

Secret of Success

Sir, "What is the secret of your success?" a reporter asked a bank President.

"Two words."

"And, Sir, what are they?"

"Right decisions."

"And how do you make right decisions?"

"One word.'

"And, sir, What is that?"

"Experience. "

"And how do you get Experience?"

"Two words"

"And, Sir, what are they?"

"Wrong decisions."

How to Recruit The Right Person for The Job?

Put about 100 bricks in some particular order in a closed room with an open window.
Then send 2 or 3 candidates in the room and close the door.
Leave them alone and come back after 6 hours and then analyze the situation.

If they are counting the bricks, put them in the Accounts Department.

If they are recounting them, put them in Auditing..

If they have messed up the whole place with the bricks, put them in Engineering.

If they are arranging the bricks in some strange order, put them in Planning.

If they are throwing the bricks at each other, put them in Operations...

If they are sleeping, put them in Security.

If they have broken the bricks into pieces, put them in Information Technology.

If they are sitting idle, put them in Human Resources.

If they say they have tried different combinations, yet not a brick has been moved, put them in Sales.

If they have already left for the day, put them in Marketing.

If they are staring out of the window, put them on Strategic Planning.

And then last but not least.
If they are talking to each other and not a single brick has been moved, congratulate them and put them in
T o p M a n a g e m e n t .