The Rockefellers Part 9 of 9

The Rockefellers Part 8 of 9

The Rockefellers Part 6 of 9

The Rockefellers Part 5 of 9

The Rockefellers Part 4 of 9

The Rockefellers Part 3 of 9

The Rockefellers Part 2 of 9

The Rockefellers Part 1 of 9

George Soros : PBS Part 3

George Soros : PBS Part 2

George Soros : PBS Part 1

Money, Banking and the Federal Reserve

Meltdown | Thomas E Woods, Jr.

Keynesian Predictions vs. American History | Thomas E. Woods, Jr. -- Mises Institute

Milton Friedman PBS Free to Choose 1980 Vol 10 of 10 How to Stay Free

Milton Friedman PBS Free to Choose 1980 Vol 9 of 10 How to Cure Inflation

Milton Friedman PBS Free to Choose 1980 Vol 8 of 10 Who Protects the Worker

Milton Friedman PBS Free to Choose 1980 Vol 7 of 10 Who Protects the Consumer

MiltonFriedman PBS Free to Choose 1980 Vol 6 of 10 Education

Milton Friedman PBS Free to Choose 1980 Vol 5 of 10 Created Equal

Milton Friedman PBS Free to Choose 1980 Vol 4 of 10 From Cradle to Grave

Milton Friedman PBS Free to Choose 1990 Vol. 3 of 5 - The Failure of Socialism

Milton Friedman PBS Free to Choose 1990 Vol. 2 of 5 - The Tyranny of Control

Milton Friedman PBS Free to Choose 1980 Vol 1 of 10 Power of the Market

The Ascent of Money Part 6

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The Ascent of Money Part 5

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The Ascent of Money Part 4

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The Ascent of Money Part 3

The Ascent of Money Part 2

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The Ascent of Money Part 1

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Coca-Cola: The Real Story Behind the Real Thing - CNBC.com

Coca-Cola: The Real Story Behind the Real Thing - CNBC.com

Big Mac: Inside the McDonald’s Empire - CNBC.com

Big Mac: Inside the McDonald’s Empire - CNBC.com

MIT : A View From Industry

MIT : The Clean Energy Revolution

Carl Icahn : Guest Lecture Yale .

Peter Schiff Mortgage Bankers Speech Nov/13/06

Peter Schiff : Why the Meltdown Should Have Surprised No One

Warren Buffett and Bill Gates at Columbia

Mirror Mirror on the Wall , When is the Next AIG to Fall - Marc Faber

 

Warren Buffett MBA talk

Warren Buffet Quotes

Following are the famous quotes by one of the finest value investors the world has ever seen . 

 

• A public poll is no substitute for thought.
  
• Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
  
• Beware of geeks bearing formulas.
  
• Chains of habit are too light to be felt until they are too heavy to be broken.
  
• Derivatives are financial weapons of mass destruction.
  
• Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
  
• I always knew I was going to be rich. I don't think I ever doubted it for a minute.
  
• I buy expensive suits. They just look cheap on me.
  
• I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
  
• I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
  
• I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
  
• I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
  
• I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
  
• I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.
  
• If a business does well, the stock eventually follows.
  
• If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
  
• If past history was all there was to the game, the richest people would be librarians.
  
• In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
  
• In the business world, the rearview mirror is always clearer than the windshield.
  
• It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
  
• It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
  
• It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
  
• It's never paid to bet against America. We come through things, but its not always a smooth ride.
  
• Let blockheads read what blockheads wrote.
  
• Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
  
• Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
  
• Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
  
• Only when the tide goes out do you discover who's been swimming naked.
  
• Price is what you pay. Value is what you get.
  
• Risk comes from not knowing what you're doing.
  
• Risk is a part of God's game, alike for men and nations.
  
• Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
  
• Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
  
•  Someone's sitting in the shade today because someone planted a tree a long time ago.
  
• The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
  
• The first rule is not to lose. The second rule is not to forget the first rule.
  
• The investor of today does not profit from yesterday's growth.
  
• The only time to buy these is on a day with no "y" in it.
  
• The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
  
• The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.
  
• There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.
  
• There seems to be some perverse human characteristic that likes to make easy things difficult.
  
• Time is the friend of the wonderful company, the enemy of the mediocre.
  
• Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
  
• Value is what you get.
  
• Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
  
• We always live in an uncertain world. What is certain is that the United States will go forward over time.
  
•  We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
  
•   We enjoy the process far more than the proceeds.
  
  
  
• We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
  
•  We're still in a recession. We're not gonna be out of it for a while, but we will get out.
  
•  We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
  
  
  
• When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
  
  
  
•  When you combine ignorance and leverage, you get some pretty interesting results.
  
•  Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".
  
  
  
•  Wide diversification is only required when investors do not understand what they are doing.
  
•  You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
  
• You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.
  
  
• You only have to do a very few things right in your life so long as you don't do too many things wrong.
  
  
• Your premium brand had better be delivering something special, or it's not going to get the business.

Bill Gates Biography

Warren Buffett Biography

Business Sutra 101 .

This is an amazing series of looking at business through Indian mythology . The following videos can be found on CNBC TV18.

The videos are posted here for there educational aspect , and can be traced back to the original place. We neither wish to promote nor endorse either with the News channel , or the people in the video. We do not wish , want and ask people to use it in any way other than education .

Enjoy the videos , and share your ideas , comments and views.

  

 

       
Hope you guys had fun , do make sure you look at the other Business Sutra videos . If you have anything else in mind , you would like to see or learn about let us know . We would be more than glad to help you out .

Business Sutra : The connection between Indian Mythology and Business

Business Sutra 100 : Is there an Indian way of doing business ? 

Business Sutra 200 : Who is a leader ?

Business Sutra 300 : Dharma & Dharma Sankat 

Grand Bhagwati Business Analysis .

Case Study :

Company : Bhagwati Banquets &Hotels .

                                                                                                                                                                  Get Quote 

Net Profits in 2008 : 10.04

Net Profits in 2009 : 9.61

Total debt in years 2008 : 143.95
2009 : 175.21

Cashflow from Operating activities ,

2008 : - 6.83
2009 : -12.57

Cashflow from Investing Activities ,

2008 : -46.69
2009 : -30.85

Interest Paid as per income statement ,

2008 : 2.10
2009 : 3.87

Interest Cost Capitalized :

Background : The recent economic crisis , led to a meltdown in the equity markets all over the world , and affected businesses all over the world . Being in the Hospitality Industry it got affected the most due to the affect on tourism , and global business travel.This affected the price of the stock , and the market price of the stock went down to around Rs.24 .

Company Background :

The company has three hotels in three different cities . A bakery franchise , as well as a catering business which is well renowned and famous in the authors city , Ahmedabad . The company claims to have spend around Rs.200 Cr. on its new , and upcoming Hotel in Surat, India . The company had an IPO in 2008 , and raised 100 Cr.During the crash the market capitalization of the company at one point stood at around Rs.60 Cr.

During the market crash , the company had a negative cashflow , which was due to its upcoming Surat Hotel . Nonetheless , there was an increasing debt load which was needed by the company for its committed investment plans.

Lets take a closer look at the companys assets ,and sum them all up and compare it against the market value for the company .

Its property in Ahmedabad , in addition to the Land and Property at replacement cost stood at round Rs.150 Cr.

Its property in Surat , which as claimed by the company stands at around Rs.200 Cr.

Its property on assumption of property size , and prices is assumed to be around Rs. 50 Cr.

Summing up the value of the properties comes out to be around Rs.400 Cr.

Summing the value of the Franchise , and Catering business we have a total valuation of the business and property of around Rs.420 Cr . That is based on a conservative basis for valuing the company .

Now lets look at the facts objectively , and see how one could have made a fortune by analyzing the risks and rewards of buying the stock .

Scenario 1 :

The company went under receivership , and was liquidated . With a total valuation of around Rs.420 Cr , and total debt or around Rs. 176 Cr , the net equity in the business was around Rs.244 Cr.

This was around 400 percent margin over the market capitalization of the company at the time . This is a scenario where the company could have more money if it was liquidated , and the funds returned back to the shareholders .

SO would a shareholder need to worry about the company running out of business ? Ans : Infact in the given scenario the folks would have partied hard the night the company went under .

Scenario 2 :

The company continued in business , and the market recognizes the value of the stock . In this scenario the motive for buying the share was served , and the investor made money onto the stock .

Scenario 3 :

The economy improves , the business conditions improve , but the market does not recognize the value of the business . In this scenario the investor hasn't lost any money as such , but has forgone the opportunity to put money into other attractive investments . Which is as hurtful as losing money on any investment .


Results :

As I write the report today the price of the stock stands at 131.90 , from 24 at the time the analysis was done in March 2009 . So as we can see any investment is , and needs to be based on objective valuation , and analysis of risk ,plus a margin of safety .

The given stock meets , all the criteria and would have been considered as an investment by a rational investor .