Guddubhai-Barefoot Capitalist
August 23, 2013 1 Comment
The story of Guddubhai, aka Muhammad Rafiq Theim (44), is a textbook case of ‘barefoot capitalism’. The youngest of five sons of a small Bikaner oil miller, the man known as the King of the Guar Trade and synonymous with daily average trade of 8,700 tonnes of guar seed and 1,800 tonnes of guar gum”, didn’t attend college, barely speaks English and started his business career with a tea stall. He failed, started an auto rickshaw repair shop, failed again. Getting into commodity trading in mid-1990s was a desperate career switch.
Guar was perhaps a natural first choice as a trader. Rajasthan, India’s biggest guar-producing state, has a long history of guar business. Guddubhai was good at understanding market moods.
Guddubhai’s big break came when NCDEX launched futures trading in guar in 2004, and the global demand for guar, especially from the hydrocarbon business, exploded. By 2007, a close circle of people knowledgeable in commodity trades had christened him, ‘The King of Guar’. Read more of this post
40 villages of Betul district in Madhya Pradesh are celebrating Diwali with ,great gusto,two-and-half months early.Apparently there are rumors floating around that the deity of Salkanpur appeared before cattle grazers and warned them that if anyone fails to celebrate Diwali during the rains, the family will lose its eldest son and/or face calamity.
“Expectations are a form of first-class truth: If people believe it, it’s true.” – Bill Gates
I never took a day off in my twenties. Not one. And I’m still fanatical, but now I’m a little less fanatical.
This is a biography of Bill Gates by James Wallace and Jim Erickson.It focuses on the early years of Bill Gates and Microsoft.
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