For Whom Wealth Matters
January 28, 2016 6 Comments
“I care deeply about making money. I want to know I’m not losing it…. The most important thing for me is that defence is ten times more important than offense… You have to be very focused on the downside at all times.” – Paul Tudor Jones
If you lose 50%, it takes 100% to get back to where you started- and that takes something you can never get back: time.
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
March 1, 2013 3 Comments
According to filings with the Registrar of Companies,Telestra Tradeplace was registered in August 2001.It has a paid up capital of Rs 1 lakh and made a profit of Rs 31.09 lakh in the year ended March 2012 as against Rs 52.9 lakh a year ago. The company has invested around Rs 1.5 crore in Cavim Realty, indicating an interest in the real estate business.As of September 2012, the Bhatia family owns the entire shareholding of the firm. Read more of this post
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