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Secret Millionaires Club


wealthymattersNothing like cartoons to painlessly learn some profound lessons and wise-up.Here are some for you to watch with your children.Your bound to learn some interesting things about business and investing.

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Bill Gates’ Philanthropy In Perspective


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The One Percent


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As I was favourably impressed by Jamie Johnson’s ‘Born Rich’ I decided to catch this documentary too.I didn’t find this one so compelling.The only response I can make is recall the old adage ‘If you’re not Liberal when you’re 25, you have no heart. If you’re not Conservative when you’re 35, you have no brain.’

In my opinion the best part is when Adnan Khashoggi opines “There is no equality in life. Forget about it. We are what we are. We are created layers over each other. This is it.”

Also the concluding part with his parents is worth watching,especially when his mother reminds him that she was not born rich and at one time might have thought differently.She goes on to say how her current behaviour is influenced by her concerns for his dad.His dad suggests how it might not be possible to change the whole world and it might be enough to influence a few lives. Read more of this post

The Fifty Richest People On Earth


The World’s Greatest Investors


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Warren Buffett On Reputation


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Prem Watsa – The Canadian Warren Buffett


wealthymatters.comSeeing how Prem Watsa is in the news  in India these days with respect of the sale of Thomas Cook India by its British parent,(http://economictimes.indiatimes.com/news/news-by-industry/services/travel/toronto-based-fairbridge-capital-to-buy-thomas-cook-india-deal-estimated-at-rs-1000-crore/articleshow/13365646.cms)  ,now might be just the time to take a look at the life of this media shy individual.

Watsa is not very widely known outside of Canada, but is well regarded and followed in value investing circles. He has shown an incredibly prescient ability to analyze the financial markets. Some of his most famous calls include selling half his stocks before the 1987 crash and buying S&P puts before the index fell off a cliff in 2000. He also bet against the Japanese Nikkei but his biggest success came more recently during the 2008 sub-prime crisis when he bought credit default swaps on the premise that banks and financial institutions would struggle if a credit and liquidity crisis arose. Today, Watsa is the CEO and Chairman of Fairfax, which has a market cap of approximately $8.7 billion.Fairfax Financial Holdings Limited is a financial holding company based in Toronto, Ontario, which is engaged in property, casualty, and life insurance and reinsurance, investment management, and insurance claims management. He is also a member of the Advisory Board for the Richard Ivey School of Business-his alma mater, a member of the Board of Directors of the Royal Ontario Museum Foundation and as well as Chairman of the Investment Committee of St. Paul’s Anglican Church.Till recently he was also a non-executive director of ICICI Bank.Whatever I can  piece together of his story is pretty fascinating…. Read more of this post

Life Lessons From Warren Buffett


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Warren Buffett’s View Of Gold


wealthymatters.comToday the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion. Call this cube pile A. Read more of this post

World’s Greatest Money Maker – Warren Buffett.


This is a BBC documentary I watched on Saturday on the internet.It was aired in India a few days ago. My friend Avishek Jha saw caught it on TV and was pretty insistent that I watch it.

This BBC documentary seems to have been made a couple of years ago and has probably been aired in the UK ,before being broadcast in India.So my apologies to my UK readers for re posting old stuff.

This documentary focuses more on Warren Buffett, the person,the manager,the entrepreneur and the philanthropist rather than just the investor .I think the movie is worth watching and at least I came out learning a couple of new things about the man.Here are the links to the documentary.Happy Watching!

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