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A Serial Entrepreneur Writes …….

July 17, 2012 4 Comments

Saumil Majmudar (above) is the co-founder & MD of EduSports

Firms he has founded: Learn@Home, QSupport, Sportz-Village and EduSports

One thing he says he’d do differently now: He would not give up

His idea of the most exciting space to be in: Indian consumer space

Here he is in his own words:

When I was asked to write about my experience as a serial entrepreneur, I decided to first find out the definition of the term. This is what I got: “A serial entrepreneur is one who continuously comes up with new ideas and starts new businesses”. Read more of this post

Filed under Entrepreneurship, Tidbits Tagged with 5 Lessons From A Serial Entrepreneur, angel investors, EduSports, failed businessman, founders, Learn@Home, Microsoft, postaday, profitable and scalable business, QSupport, Ranbaxy, serial entrepreneur, sports, sports businessman, sports entrepreneur, sports management business, Sportz-Village, Things Most Start-Ups Tend To Overlook, venture capitalists, Wipro

N.R. Narayana Murthy

September 16, 2011 12 Comments

wealthymatters.com Here is an old interview of Narayana Murthy.I made it a point to read it today to try to understand the man a little better .

Generally I have such an antipathy towards the man that I tend to tune him out.I dislike hearing him talk about merit.While in theory it sounds good to reward the most meritorious the real problem lies in how that merit is to be determined.How is the merit of a chess player to be compared to that of a singer?And BTW is it more meritorious to sing operatic airs or folk songs?And are new /innovative ways better or orthodox ways more meritorious?Its not my case that incompetent people aught to be running the show but too narrow a definition of merit just tends to suppress the innate creative ability of people.And a merit based system can be pretty wasteful of talent and abilities. Read more of this post

Filed under Entrepreneurship, Theory Tagged with compassionate capitalist, IIM Ahmedabad, IIT Kanpur, Infosys, Jayanagar Bangalore, Karnatka State Imdustrial and Investment Development Corporation, Krishnayya, KSN Murthy, Microsoft, Mysore, Nasscom, NR Narayana Murthy, Patni Computers, postaday2011, RandomBlog2011

Bill Gates Biography

September 11, 2011 Leave a comment

wealthymatters.com This is a documentary I found yesterday while searching for ‘World’s Greatest Money Maker’ . Personally I have never been drawn towards Bill Gates .In fact I’ve been repelled.Or it would be more correct to say that I have found his fans incompatible.I find hyper competitive people irritating.My own way is to compete to win if its absolutely necessary and if the game is truly a zero sum game.For the rest of the time I’m happy as long as I can cruise along on the world’s abundance.I really don’t need to win every scrabble game to feel happy.And speed tests are really not my thing.

Given my antipathy it’s no surprise I have never read Bill’s books.Watching this documentary is the first time I’ve spent studying Bill Gates.So far I just knew of him as a geek.I suppose if I’d ever bothered to think,it would have been obvious that he had to have some financial and strategic skills.But I’m sorry to say I was so put off him I didn’t bother.And it was my loss.I was surprised to find out from the documentary just how good a sales person he was.After watching the movie I can’t say I’m a fan but I can see where his competitiveness,ideas on family and philanthropy etc. come from.I’d recommend the movie on any Sunday afternoon.Here are the links: Read more of this post

Filed under Entrepreneurship, Theory Tagged with Bill Gates, Entrepreneurship, Henry Gates, Mary Gates, Melinda Gates, Microsoft, postaday2011, RandomBlog2011

Edward Zajac – 94 year old investor

June 25, 2011 1 Comment

This is a story I came across in the Economic Times.It seems to be a reprint from Bloomberg.I have this story pinned to my notice board just to remind me how Dumb Money can become Smart Money.Here is a person who seems to have made good money without trying to become an expert at investing.He has accepted his lack of expertise and found a way to benefit from the expertise of the “smart money”.His method involves just looking at some basic facts before putting his money in a company.The skills required are really basic.The rest of his magic merely seems to be a result of compounding due to his Time in the Market and the wisdom that comes from experience.To follow him we don’t need to understand financial statements or master technical analysis.

Buy & hold strategy not dead yet for 94-year-old investor

NEW YORK: Stick with stocks, says investor Edward Zajac. He should know. The 94-year-old has been trading for 72 years and said he’s made about $2.5 million.

“I am a live, open-hearted investor,” said Zajac. “I’m willing to hold that stock 5, 10 years, if I have to.” Zajac, who lives with his daughter in Henderson, Nevada, bought his first stock, Petroleum & Resources, in 1937 while attending the University of Illinois. He’s invested full-time since 1968, after retiring from installing computer systems to travel the US in a recreational vehicle with his wife. Read more of this post