Imitation is the best form of flattery.
A pretty good likeness, don’t you think?
Aug 1, 2006
nICE idea.
An email forwarded to me by Nahida…Thanks Nahida :-)
Recently, the concept of “ICE” is catching up quickly. It is simple, yet an important method of contact during emergency situations.
As cell phones are carried by majority of the population, all you need to do is store the number of a contact person or persons who should be contacted at during emergency as ” ICE ” (meaning I n C ase of E mergency).
The idea was thought up by a paramedic who found that when they went to the scenes of accidents, there were always mobile phones with patients, but they didn’t know which numbers to call.
He therefore thought that it would be a good idea if there was a nationally recognized name for this purpose.
Following a disaster in London, the East Anglican Ambulance Service has launched a national “In case of Emergency (ICE)” campaign.
In an emergency situation, Emergency Services personnel and hospital staff would then be able to quickly contact your next of kin, by simply dialing the number stored as “ICE”.
Please forward this. It won’t take too many “forwards” before everybody will know about this.
It really could save your life, or put a loved one’s mind at rest.
For more than one contact name simply enter ICE1, ICE2 and ICE3 etc. A great idea that will make a difference !
Jul 19, 2006
No Pun…no Fun part 2
I spotted this in one of the RFL runs around Ulsoor Lake. Nice one, eh? :-)
Jul 3, 2006
How to Read Better and Faster by Norman Lewis
Read “6 Steps to read a 300 page book in 2 hours, and remember what you’ve read“
Some books are entertaining, some useful, but once in a while once comes across a book that can be classified as “life changing”. How to Read better and Faster by Norman Lewis is one such book. Don’t be deceived by it’s simplistic title. The book is NOT an English lesson book that teaches one to read, but how one can increase one’s reading speed from 200 wpm (words per minute) to 500 wpm to even 1,000 wpm & 2,000 wpm. When I started the book I would crawl at 200 to 250 wpm, which Norman Lewis says is the average reading rate. And now after just a couple of months, I easily cruise at 450 to 500 wpm. That means it takes me now half the time to finish the morning paper, emails, letters, office documents and also the occassional novel!
In the words of a reviewer of this book at Amazon.com, “The basis behind the author’s theory is that speed reading, high concentration and material retention are all linked. You can’t do one without the other very effectively. So, if you start reading fast, you are forced to concentrate and this increases retention. The high concentration that is induced when you try to read faster results in some interesting physiological changes in the brain where the memory of what you are reading gets etched more permanently than the times when you don’t have high concentration. This is not explained in the book, but I came to that conclusion after I became curious about what makes the book’s techniques so effective and researched deeper into the subject. I don’t want to go too much into the book’s techniques because I think they are more effective if you read them directly from the book for the first time.”
I couldn’t put it better myself :-)
Happy reading :-)
Arif
Edit: On popular request, I’ve uploaded here, the image of the Flashmaster card that came with the book.
Jul 2, 2006
Go Riya!
Here’s a Web Service that I’ve been meaning to write for a long time. Riya.com is a free photo sharing website with a difference. Once you upload your photos, using it’s face recognition technology it can match the faces of the same person across all photos!
So once you’ve got a whole bunch of photos uploaded on Riya, you can automatically browse through them by the people present the in photos! Try Riya today!
Interesting Fact: Riya is founded by an Indian, Munjal Shah. Check out his Blog here: http://munjal.typepad.com
Jul 1, 2006
How to make money even in a turbulent stock market?
Hi,
In the last few weeks Indian stock market (Sensex) has been yoyoing crazily, leaving investors totally adrift without any direction whatsoever. But help is at hand “You can achieve success in the stock market if you follow a set of well-defined investment principles and refuse to abandon them when the market acts irrationally,” assures Scott Kays in 5 Key Lessons from Top Money Managers, from Wiley (www.wiley.com)
The secret behind great investments is `gutsy moves’. The masters don’t gamble. “They invest deliberately and purposefully, and they outperform the average investor as a result.”
First check if you belong to the majority in the world of investment that comprises those who want hot stock tips. “Unwilling to learn the rudiments of investing, they invest in companies because `they’ve been going up.’ The thrill of the action is as important to them as the profits they make.” To them, investing is not about maximising the returns over time.
The minority are the few who study the art of investing “in a constant effort to increase their knowledge and improve their skills.” Kays points out that these people take time to learn what matters when buying the stocks. “They don’t gamble; they invest deliberately and purposefully, and they outperform the average investor as a result.”
Chapter 1, titled `The return of common sense’, reminds us that many complex investment strategies only veer investors away from the crux. “What kind of pattern is the stock’s price chart forming? What was the stock’s relative strength last week? The masters classify these questions as irrelevant distractions.”
More right than wrong
Great investments are about `gutsy moves,’ requiring the execution of the fundamentals, using `straightforward methodologies,’ even as lesser mortals look for `something flashy, something unusual, to give them an edge.’ The difference is simple: “The naïve talk of what should do well over the next few weeks; the masters consider the long term.”
The author devotes a chapter each to five top money managers, beginning with Andy Stephens of Artisan Mid-Cap Fund. The art of portfolio management, the way Stephens does it, is to be right more than being wrong — at least to be right in a bigger way. “It’s a trade-off between capitalising on opportunities and protecting my downside if I make a mistake,” he says.
Structural competitive advantage that he seeks in enterprises has four components, viz. dominant market share, proprietary asset, lowest cost structure, and defensible brand. “Firms that possess two or more of these advantages will likely perform in the upper quartiles of their industries. Because their cash flow is safeguarded, investors can value these firms with a higher level of confidence.”
Lessons from mother
Next expert is Bill Nygren of Oakmark Select Fund, who learnt all about investing from his mother. She kept the family on a strict budget, he remembers. “A true value shopper, she visited three supermarkets each week, checking out the specials they were each running… If an item was fully priced, she bought less of it or passed on it completely.”
Kays notes that buying quality, undervalued-companies gets you only halfway to a successful investment experience. “Knowing when to sell a security is just as important. Fortunes have been lost because investors have tried to squeeze every penny out of winning situations and held on to positions long after they should have gotten rid of them.”
Sell a company when its price reaches 90 per cent of its fair valuation, Nygren advises. “Liquidate a position when a company fails to perform fundamentally as you expected. If you realise you made a mistake, the sooner you admit it and deal with it, the more likely you will minimise its impact on your performance,” are further insights of immense value.
No lottery tickets
The third expert that Kays introduces you to is Christopher C. Davis of Selected American Shares. The foundational principle he adopts to select securities is, “Stocks are not pieces of paper like lottery tickets, but they represent ownership interests in real businesses.” Once you accept that, answer the following two questions: “What kind of businesses do you want to own? And, how much should you pay for them?”
According to Davis, “Businesses that grow their values at above average rates for long periods of time make the best investments.” His three criteria of superior businesses are: Financial strength (as evidenced by a strong balance sheet and high returns on invested capital), competitive advantages (such as brands, patents and economies of scale), and shareholder-oriented management (with a strategic vision and a realistic plan).
To assess the last criterion, that is, shareholder orientation, Davis digs deep to understand `the thought process and logic’ of the company managers’ capital allocation decisions. “Before he invests in a company, he ensures that managers have a strong understanding of their cost of capital and the return they expect to achieve on investments.”
Compound mystery
Bill Fries of Thornburg Value Fund, the fourth expert you encounter in the book, recounts how his eighth-grade teacher unlocked the mystery of compound interest, and sparked his interest in saving and earning money on money!
What is his investment technique? He divides his portfolio into three types, viz. basic value, consistent earners, and emerging franchisees. Fundamental research that he uses filters out for promise and discount. “A cheap stock can remain cheap indefinitely,” he cautions. Identifying cheap stocks is easy; what’s tough is “finding companies that can achieve a healthier than generally expected future.”
Two core philosophies
The fifth expert is John Calamos Sr, of Calamos Growth Fund. His core philosophies are two. One, “to create wealth, you have to give up some of the upside to preserve capital on the downside.” Calamos quips, “I’m long-term bullish, short-term scared, all the time.” While the economy can create significant prosperity over time, “the stock market can drop unexpectedly at almost any moment,” he warns. “When that happens, he wants to maintain his principal intact, even if that means missing out on some of the market’s growth during the good times,” explains the book.
His second philosophy reads, “No strategy works very well for very long, so you have to keep evolving your process.” Calamos says there is no `magic quantitative equation’ that works all the time. “If such a formula existed, everyone would use it and it would no longer work. What works at any point in time constantly shifts.”
What do you think?
Jun 30, 2006
1st list of “Must Read” Business Books
Hi,
If an aspiring MBA student asks you to recommend a few “Must Read” business books to start with, what books would you recommend? Here is the list from Nattie Harstock, of “Must Read Business Book Blog”
While generally agreeing with her, my choice would also include “ You, Inc: Discover the C.E.O. Within! “ by Burke Hedges, which is an ideal book for beginners. Gives excellent insights into 10 valuable principles.
For example one of interesting quotes from the book “Life is like a 10-Speed bike. Most of us have gears we never use”. Here Hedges refers to childhood friends (who all we know of ) who were blessed with great abilities, but as adults, who have chosen to let their God-given talents go unused while they willingly turn themselves into overweight couch potatoes.
The purpose of this book is to offer the insights and actionable principles that will allow us (and them) to have all the things in life that we deserve. But understanding and acting upon the principles discussed in You Inc. … and then by incorporating them into our lives, we can certainly improve the quality of our lives beyond our wildest dreams.
Do let’s know what you think of her choices and what you would have recommended.
Regards
Ramesh
Jun 29, 2006
Smashing good idea.
A giant Nike Soccer ball smashing a car, parked in no place other than one of the most popular streets in Bangalore…Brigade Road. That too right in middle of FIFA Germany 2006 World Cup. Now, that’s marketing!
Here’s another one. For a second there I actually was wondering, is this guy really on top of this van reading a newspaper?
Nah, just a brilliant marketing campaign by Mid-Day (a Mumbai based newspaper) who’re launching in Bangalore. I wonder if there is a term for these kinda campaigns…
