For Whom Wealth Matters
August 2, 2017 Leave a comment
In his lifetime Buffett has owned 400-500 stocks.
Most of his wealth comes from only 10 of them.
So don’t just be selective in what you choose to do in life. Expect that even then, all things won’t lead to the grandest success every time.
And that’s OK.
The few successes will more than make up for the things that didn’t quite live up to your expectations.
Just be sure you don’t make mistakes of the order that wipe away all your success.
August 2, 2017 Leave a comment
The effect of GST is going to be far deeper than the tax itself, because first it will lead to digitisation.Anybody who has a business with a turnover of more than Rs 20 lakh will have to digitalise their business and that is going to bring in tremendous efficiency in the way we work.
Second, it is going to lead to big logistical gains because companies had to maintain warehouses in each state as they did not want to pay the central sales tax, and lorries were stopped in .
-Rakesh Jhunjhunwala
August 1, 2017 Leave a comment
Freedom comes with choice and choice comes with responsibility.
Why do people willingly give up their freedom to a boss, a method or even a despot?
Why do successful entrepreneurs who start a new company take on investors even when they don’t need the cash?
Why do so many choose to go into debt when they might be able to avoid it?
Sometimes, we willingly sacrifice our freedom because it creates an other, someone to blame. It gives us hard boundaries and eliminates potential choices. And mostly, it lets us off the hook, because someone else is driving the bus.
Trying to drive from the back of the bus might feel less risky, but it rarely leads to much agency, influence or control as to where the bus actually goes.
Careful what you do with the keys. -Seth Godin
wealthymatters 