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Branson’s Regret


wealthymattersSir Richard Branson,founder of Virgin Atlantic,has one regret he feels hard to live down:his assumption that he could knock Coca Cola to World’s No.2 soft drink by launching Virgin Cola:

“It taught me that if you have to take on someone bigger,you have got to be much better.”

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Advice For Speculators


Below is a nice write-up I found here: http://www.numbersleuth.org/trends/.It has some pretty sage advice if you like to gamble or speculate.

Personally,while my brain can grasp the fact that Warren Buffett’s  style of investing is the best way to make and keep money,I find it hard to control my urge to speculate.I deal with this problem by clearly delineating what resources I will gamble with and what I won’t ever hazard ,come what may.Next I’m willing to do what ever I need to to better my odds.Do read the article below;I have highlighted the important part.It will remind you of Rakesh Jhunjhunwala’s advice to buy with conviction.

Savvy Advice for Unsavvy Gamblers

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