prematho iodine vesi poodchaale gaani..
dvesham tho acid poyyakudadu....!!
Whenever a terror attack happens, the few things that are observed over next few days are
1. What is the death toll.
2. Who is visiting the site.
3. What are the packages for the people who died and injured.
4. What is public reaction.
And if a train accident or a major road accident happens, what do we see? A five minute news coverage and after that everything is forgotten.
Nobody visits the site, packages will be small when compared to terrorist attack and no one comments on it.
But the number of people suffered by terrorism are far less than those suffered by accidents. But still we ignore the major problem and point finger at a small problem.
This happens because for accidents people are responsible and for terror attacks government security is responsible.
utpalamAla
bha ra na bha bha ra va
caMpakamAla
na ja bha ja ja ja ra
SArdUlaM
ma sa ja sa ta ta ga
mattEbhaM
sa bha ra na ma ya va
Average Reading Time: 5 minutes
For one day each year, any and all of us get the chance to listen to 6.5 hours of live questions and answers with Warren Buffett and Charlie Munger (and even ask one of your own if you're lucky). This year almost 40,000 people took advantage of the opportunity. I was one of them. As I was last year and the two years prior to that. The weekend has become an annual highlight that words cannot describe. Despite the fact that it's important for our business in the investment partnership my partner and I run, this is one of the best weekends of the year for learning about life and personal improvement. I love it.
Life Lessons.
To most people's surprise, this is not simply another dry talk on investing and business. It's far from it. The great majority of the meeting revolves around lessons in life, relationships, education and career decisions. These guys have experienced over 160 combined years of amazing life experiences and seen success (and even some failure) on numerous fronts. They are brilliant and happen to be two of the best teachers I have come across in all my reading and learning. And the price of admission…free! Ideally you should be a shareholder but there are plenty of other ways to get into the meeting if you'd like. I have to share some of the most recent pearls with you all. I'll stick to broader life lessons, but feel free to send a note if you'd like more from the business and investing side.
1. Lose money and I will forgive you, but lose even a shred of reputation and I will be ruthless [Warren]. This has been echoed across the business world for years and it applies to us all. Life is too short to cut corners to make an extra buck. Wealth can always be recreated but reputation takes a lifetime to build and often only a moment to destroy. As Warren says, "we will not trade reputation for money."
2. The best defense in a tough economy is to add the most you can to society. Your money can be inflated away but your knowledge and talent cannot [Warren]. No matter the external circumstances, you are always in control of your talent, learning and passion for life. "There will always be opportunities for talent" as Warren says.
3. We get worried when people start to agree with us [Warren]. The best fruit is found out on the limbs. The road less traveled makes all the difference. Make a rule to always stay on the side of the minority in your life's path and you will likely be greatly rewarded and you'll certainly experience a lot more excitement.
4. We celebrate wealth only when it's been fairly won and wisely used [Charlie]. The goal is not to make money at all costs. It's easy to forget that in a lot of industries and sub-cultures around the U.S. where everyone is in constant competition to keep up with the Joneses. Wealth is worthless if you've destroyed all your relationships to attain it. As Charlie says "take the high road. It's far less crowded." Sad but often true. Makes it pretty easy to stand out.
5. When you are exceptional you jump off the page. There really isn't that much competition there [Warren]. Be your own best competitive advantage. Then it doesn't make a difference what others are doing. You are in control.
6. Do what you're passionate about. If you do this, there will be few people competing or running faster than you [Warren]. The best way to be exceptional is with passion! As Tony Robbins says every day of his life, "Live with Passion!" And trust me, life is a lot more fun this way.
7. I think I developed courage when I learned I could deal with hardship. You need to get your feet wet and get some failure under your belt [Charlie]. Courage does not grow on its own. Just like a muscle, it must be constantly worked out and developed. Life begins outside your comfort zone and that is where your courage is developed. Most people don't succeed because they're afraid to fail. Failure isn't that bad anyway. It will make you tougher and more likely to win the next time around. No one has succeeded without going through their own failures at some point. To try and fail is much better than to never try. Why not get started early and get some of them out of the way! What's the worst that could happen anyway? As big wave surfer Laird Hamilton says "If you're not falling then you're not learning."
8. There's no better way to be happier than getting your expectations down [Charlie]. Most unhappiness comes from misaligned and unrealistic expectations of life. Expect the world of yourself, but expect nothing of the world. Then you cannot help but live your life pleasantly surprised.
9. If I can be optimistic while I'm nearly dead, you can deal with a little inflation [Charlie]. This had the crowd laughing out loud. Life is what you make it. Don't let things get you down. It could always be worse.
10. If the only reason you find for doing something is because others are doing it then that's not good enough [Warren]. Enough said.
11. Bad behavior is contagious. That's how human nature works [Warren]. Watch out for this. It can catch you off guard.
12. We've done a lot of stupid things but we've avoided a small subset of stupidity and that subset is important. It's about avoiding the dumb things [Charlie]. They hammer this every year. Their success does not come from doing so many things right. It comes from avoiding the things that are terribly wrong. Some say this is two sides of the same coin. But it's not. It requires a fundamental shift in psychology. The stories are endless of people who did a few things right and were massively successful, but then did something stupid that took them back to zero. Before Charlie and Warren do anything, they "invert, always invert" as Charlie says. They list every way imaginable in which they could fail at a particular task and then take massive effort to avoid those failures. Do that and the success will come automatically.
13. Go to bed a little wiser than when you woke up [Charlie]. This covers the whole meeting in a word. Life is about learning. If you are always learning you can never lose. Keep this as your only rule for the day and the world will be yours for the taking.
Go to bed a little wiser than when you woke up.
-Charlie Munger
The lessons from Warren and Charlie are endless. We can all stand to learn and be better people from what they are willing to share. They don't charge any money or ask for anything in return. Except of course that we live a life with a burning desire to learn and do all we can to be valuable additions to society. Take these lessons to heart. There will likely not be another Warren and Charlie for a very long time. Take advantage of the education while you can. Do so and I have a feeling success and fulfillment will come naturally.
Thank you Warren and Charlie. We owe you a great deal.
How have the above points improved your life? What have you learned from Warren and Charlie that you'd like to share with us? Please let us know in the comments section below.
The wealth created by compounding rate works in favour of those who have larger earning period remaining in their life. This article will focus on such people.
I will worry about it later, I am young and I will have fun for now.
While this is certainly something that all of us do in our young age, we have to also build a discipline to save a part of our income and invest to reap benefits in future. The discipline that we build now will keep us in good stead years later. Let me show the power of compounding.
It assumes a person starts investing Rs 1 per month at various stages of his life till he or she is 65. It means if you are 25 years old, your investment horizon is 40 years while the horizon is 30 years for 35 years old. The table also shows how your future wealth varies with the rate of return.
A 25 year old person who starts investing Rs 1 per month at 10 return till he reaches 65 years of age will have Rs 6324.08 while a 30 year old person will have only Rs 3796.64. At 14 per cent, you will have twice as much wealth than someone who started investing just 5 years later.
If you can start investing Rs 5,000 per month at the interest of 12 per cent from 25th year, you will accumulate 5,88,23,850.00 (5 crore, 28 lakhs, 8 hundred and 50) by the time you turn 65. Does it really look like 8th wonder? You bet.
Where to find money for investment?
Saving 5,000 is not a big deal if you are serious about it. Even if you are able to save 2,500, you will have close to 3 crore at the end of 65 years of age, assuming you are 25 years old. The important point is that you save something.
Some of the things you can use to save money and invest in appropriate funds are as follows:
1. Pay your credit card bills on time. No exception.
2. Make budget for your expenses. This may sound a tough job but do it for 2-3 months and you will have a fair idea of where the money is going. You may not need to do it after initial few months. Now curtail useless expenses. For example, going to expensive restaurant 3-4 times in a week. Cut it down to once or twice.
3. Pay yourself first: Resolve to save a specific amount every month. Put it in investment account. Take this money out of salary in the beginning of the month so that you don't touch it.
4. Buy a car or bike having resale value. If possible, buy a second hand car if you are too keen.
5. Stop splurging on sale and discount. You often end up buying things you never need.
Where to invest your money
Since you are in your 20s, you can invest major part of savings in equity or equity fund which will not only protect your principal but will provide a healthy return. You also need to put 3-6 times your monthly salary in bank to face any emergency.
Most importantly, you should have long term view of your investment. Remember that the 8th wonder works in long term. Let's see what options you have in investment space.
1. Equity & Equity Mutual Funds: Equity investment is known to give the highest returns. This includes individual stocks, diversified equity fund, sector equity fund, index funds etc. Over 20 year period between 1990 and 2010, Nifty has given an annualised return of more than 20 per cent. However the variability of returns is high which makes it riskiest of them all. The best idea is to find few blue chip firms or a well-diversified mutual fund and invest for a long term. A mutual fund is a fund that invests in a set of companies to diversify the risks (means if few companies go down, few others may go up to save your capital).
2. Bonds & Debt Funds: There are good quality bonds available from Government and Companies. These are fairly safe and returns can be between 8-12 per cent.
3. Safest Instruments: There are others which are very safe, such as PPF, PF, Bank Deposit but they have lesser returns. Your company anyway does the PF for you.
4. Others: Other options could be ULIP, Gold ETF, and Index funds.
As a general rule, young people should invest a big part of their savings in equity or equity mutual fund. There are generic rule such as subtract your age from 100 and you should invest that much percentage of your saving in equity & equity mutual fund. If you are 25 year old, you should invest 100-25 = 75 per cent of your saving in equity & equity mutual fund and rest 25 per cent in high grade bonds or bond funds.
The typical returns from different financial instruments are as follows:
But before you start investing in the market, you must have 3-6 months gross salary in your savings account for any emergency.
Here is a typical asset allocation for a 25 years old person (assuming you already have sufficient money in your savings account for emergency purpose)
Building a strong foundation for your future:
It is extremely important to plan for your financial future. Often, in case of finance, failing to plan is planning to fail.
Firstly, resolve to save a part of your salary every month and invest. If you cannot maintain the discipline, start a systematic investment plan (SIP) with a brokerage firm, such as ICICI direct, Kotak Securities, Angel Broking.
Secondly, have a long term view of your investment. If you look at any stock price or NAV of mutual fund, the prices go up and down in short term but generally go up in long term for good stocks and mutual funds. And lastly, learn about investment, planning, and don't hesitate in taking professional help. You work hard in your youth; it is natural but to lead a comfortable life when you retire. You deserve it.
Not every programmer wishes to test his programming skills in a contest but occasionally I get a new challenge to stretch me. So here is a list of programming contests. Most are annual but some are continuous and you can enter at any time.
The experience of stepping outside your programming "comfort zone" is entirely beneficial. Even if you don't win a prize, you'll have thought in new ways and be inspired to have another go. Studying how others solved the problem can also be educational.
There are many more contests than I have listed here but I've winnowed these down to ten that anyone can enter. Most important of all you can use C, C++ or C# in these.
Google AI Contest 2010. You can enter a C++ or C# Bot to play in a two-player Snake, where your objective is to box in your opponent and make him crash into a wall or his own tail before you do! It's based on the film Tron from the 1980s.
THE GIRL WRITING AS HERSELF....
It was probably the April of 1974. Bangalore was getting warm and gulmohars were blooming at the IISc campus. I was the only girl in my postgraduate department and was staying at the ladies' hostel. Other girls were pursuing research in different departments of Science. I was looking forward to going abroad to complete a doctorate in computer science. I had been offered scholarships from Universities in the US... I had not thought of taking up a job in India.
One day, while on the way to my hostel from our lecture-hall complex, I saw an advertisement on the notice board. It was a standard job-requirement notice from the famous automobile company Telco (now Tata Motors)... It stated that the company required young, bright engineers, hardworking and with an excellent academic background, etc.
At the bottom was a small line: 'Lady Candidates need not apply.' I read it and was very upset. For the first time in my life I was up against gender discrimination.
Though I was not keen on taking up the job, I saw it as a challenge. I had done extremely well in academics, better than most of my male peers... Little did I know then that in real life academic excellence is not enough to be successful?
After reading the notice I went fuming to my room. I decided to inform the topmost person in Telco's management about the injustice the company was perpetrating. I got a postcard and started to write, but there was a problem: I did not know who headed Telco
I thought it must be one of the Tatas. I knew JRD Tata was the head of the Tata Group; I had seen his pictures in newspapers (actually, Sumant Moolgaokar was the company's chairman then) I took the card, addressed it to JRD and started writing. To this day I remember clearly what I wrote. 'The great Tatas have always been pioneers. They are the people who started the basic infrastructure industries in India, such as iron and steel, chemicals, textiles and locomotives they have cared for higher education in India since 1900 and they were responsible for the establishment of the Indian Institute of Science. Fortunately, I study there. But I am surprised how a company such as Telco is discriminating on the basis of gender.'
I posted the letter and forgot about it. Less than 10 days later, I received a telegram stating that I had to appear for an interview at Telco's Pune facility at the company's expense. I was taken aback by the telegram. My hostel mate told me I should use the opportunity to go to Pune free of cost and buy them the famous Pune saris for cheap! I collected Rs30 each from everyone who wanted a sari when I look back, I feel like laughing at the reasons for my going, but back then they seemed good enough to make the trip.
It was my first visit to Pune and I immediately fell in love with the city.
To this day it remains dear to me. I feel as much at home in Pune as I do in Hubli, my hometown. The place changed my life in so many ways. As directed, I went to Telco's Pimpri office for the interview.
There were six people on the panel and I realized then that this was serious business.
'This is the girl who wrote to JRD,' I heard somebody whisper as soon as I entered the room. By then I knew for sure that I would not get the job. The realization abolished all fear from my mind, so I was rather cool while the interview was being conducted.
Even before the interview started, I reckoned the panel was biased, so I told them, rather impolitely, 'I hope this is only a technical interview.'
They were taken aback by my rudeness, and even today I am ashamed about my attitude. <span> </span><span>The panel asked me technical questions and I answered all of them. </span>
Then an elderly gentleman with an affectionate voice told me, 'Do you know why we said lady candidates need not apply? The reason is that we have never employed any ladies on the shop floor. This is not a co-ed college; this is a factory. When it comes to academics, you are a first ranker throughout. We appreciate that, but people like you should work in research laboratories.
I was a young girl from small-town Hubli. My world had been a limited place.
I did not know the ways of large corporate houses and their difficulties, so I answered, 'But you must start somewhere, otherwise no woman will ever be able to work in your factories.'
Finally, after a long interview, I was told I had been successful. So this was what the future had in store for me. Never had I thought I would take up a job in Pune. I met a shy young man from Karnataka there, we became good friends and we got married.
It was only after joining Telco that I realized who JRD was: the uncrowned king of Indian industry. Now I was scared, but I did not get to meet him till I was transferred to Bombay. One day I had to show some reports to Mr Moolgaokar, our chairman, who we all knew as SM. I was in his office on the first floor of Bombay House (the Tata headquarters) when, suddenly JRD walked in. That was the first time I saw 'appro JRD'. Appro means 'our' in Gujarati. This was the affectionate term by which people at Bombay House called him. <span>I was feeling very nervous, remembering my postcard episode. SM introduced me nicely, 'Jeh (that's what his close associates called him), this young woman is an engineer and that too a postgraduate.
She is the first woman to work on the Telco shop floor.' JRD looked at me. I was praying he would not ask me any questions about my interview (or the postcard that preceded it).
Thankfully, he didn't. Instead, he remarked. 'It is nice that girls are getting into engineering in our country. By the way, what is your name?'
'When I joined Telco I was Sudha Kulkarni, Sir,' I replied. 'Now I am Sudha Murthy.' He smiled and kindly smile and started a discussion with SM. As for me, I almost ran out of the room.
After that I used to see JRD on and off. He was the Tata Group chairman and I was merely an engineer. There was nothing that we had in common. I was in awe of him.
One day I was waiting for Murthy, my husband, to pick me up after office hours. To my surprise I saw JRD standing next to me. I did not know how to react. Yet again I started worrying about that postcard. Looking back, I realize JRD had forgotten about it. It must have been a small incident for him, but not so for me.
'Young lady, why are you here?' he asked. 'Office time is over.' I said, 'Sir, I'm waiting for my husband to come and pick me up.' JRD said, 'It is getting dark and there's no one in the corridor.
I'll wait with you till your husband comes.'
I was quite used to waiting for Murthy, but having JRD waiting alongside made me extremely uncomfortable.
I was nervous. Out of the corner of my eye I looked at him. He wore a simple white pant and shirt. He was old, yet his face was glowing. There wasn't any air of superiority about him. I was thinking, 'Look at this person. He is a chairman, a well-respected man in our country and he is waiting for the sake of an ordinary employee.'
Then I saw Murthy and I rushed out. JRD called and said, 'Young lady, tell your husband never to make his wife wait again.' In 1982 I had to resign from my job at Telco. I was reluctant to go, but I really did not have a choice. I was coming down the steps of Bombay House after wrapping up my final settlement when I saw JRD coming up. He was absorbed in thought. I wanted to say goodbye to him, so I stopped. He saw me and paused.
Gently, he said, 'So what are you doing, Mrs. Kulkarni?' (That was the way he always addressed me.) 'Sir, I am leaving Telco.'
'Where are you going?' he asked. 'Pune, Sir. My husband is starting a company called Infosys and I'm shifting to Pune.'
'Oh! And what will you do when you are successful.'
'Sir, I don't know whether we will be successful.' 'Never start with diffidence,' he advised me </span><span>'Always start with confidence. When you are successful you must give back to society. Society gives us so much; we must reciprocate. Wish you all the best.' </span><span>
Then JRD continued walking up the stairs. I stood there for what seemed like a millennium. That was the last time I saw him alive.
Many years later I met Ratan Tata in the same Bombay House, occupying the chair JRD once did. I told him of my many sweet memories of working with Telco. Later, he wrote to me, 'It was nice hearing about Jeh from you. The sad part is that he's not alive to see you today.'
I consider JRD a great man because, despite being an extremely busy person, he valued one postcard written by a young girl seeking justice. He must have received thousands of letters everyday. He could have thrown mine away, but he didn't do that. He respected the intentions of that unknown girl, who had neither influence nor money, and gave her an opportunity in his company. He did not merely give her a job; he changed her life and mindset forever.
Close to 50 per cent of the students in today's engineering colleges are girls. And there are women on the shop floor in many industry segments. I see these changes and I think of JRD. If at all time stops and asks me what I want from life, I would say I wish JRD were alive today to see how the company we started has grown. He would have enjoyed it wholeheartedly.
My love and respect for the House of Tata remains undiminished by the passage of time. I always looked up to JRD. I saw him as a role model for his simplicity, his generosity, his kindness and the care he took of his employees. Those blue eyes always reminded me of the sky; they had the same vastness and magnificence. </span><span> </span><span>(Sudha Murthy is a widely published writer and chairperson of the Infosys Foundation involved in a number of social development initiatives. Infosys chairman Narayana Murthy is her husband.)
(By a Programmer... )
Sweetheart ,
I`ve seen you yesterday while surfing on the local train platform and realized that you are the only site I was browsing for. For a long time I`ve been lonely; this has been the bug in my life and you can be a real debugger for me now.
My life is an uncompiled program without you, which never produces an executable code and hence is useless.
You are not only beautiful by face but all your ActiveX controls are attractive as well.
Your smile is so delightful; it encourages me and gives me power equal to thousands of mainframes processing power.
When you looked at me last evening, I felt like all my program modules are running smoothly and giving expected results. /*which I never experienced before.*/
With this letter, I just want to convey to you that if we are linked together, I¡¯ll provide you all objects & libraries necessary for a human being to live an error free life.
Also don`t bother about the firewall which may be created by our parents as I¡¯ve strong hacking capabilities by which I`ll ultimately break their security passwords and make them agree for our marriage .
I anticipate that nobody has already logged in to your database so that my connect script will fail.
And its all but certain that if
this happened to me, my system will crash beyond recovery.
Kindly interpret this letter properly and grant me all privileges of your inbox. Error free...
Regards,
Software Pogrammer
Today This company
Tommorrow That Company
But always want u r company!