RandomBlog2011 | wealthymatters

Shri Siddhivinayak Maharaj

March 9, 2011 1 Comment

Shri Siddhivinayak is one of the popular deities of Mumbai.His temple is located at Prabhadevi.Here is the link to the temple website : http://www.siddhivinayak.org/

The idol of Shri Siddhivinayak here is carved out of a single black stone and is 2’6” high and 2′ wide with the trunk on the right. The upper right and left hands hold a lotus and an axe respectively while the lower right and left hands hold a japmala and bowl full of Modak respectively. As it resembles the sacred thread, a snake appears on the left shoulder to right side belly. On the forehead of deity is an eye, which almost looks like the third eye of Lord Shiva. On both sides of the Lord Ganesh idol, are placed one idol each of Riddhi and Siddhi goddesses who appear to be peeping from behind Ganeshji. Because of these two deities along with Lord Ganesh, this temple is known as the Siddhivinayak Ganapati Temple. These goddesses signify sanctity, success, wealth and prosperity. Read more of this post

Filed under Tidbits, Tool Kit Tagged with Bachchan, billionaire, Deity, Ganapati, Ganeshji, Ganpati, Hinduism, LN Mittal, Lord Ganesh, Marathi, Mumbai, Navasacha Ganapati, Navasala Pavanara Ganapati, postaday2011, Prabhadevi, prayer, RandomBlog2011, Riddhi Siddhi, Shri Siddhivinayak, Shri Siddhivinayak Aarti, Shri Siddhivinayak Mandir, success wealth and prosperity, Vignaharta

Tata Style Philanthropy

March 9, 2011 4 Comments

Here is something I found while surfing today.I found it here http://trak.in/tags/business/2007/06/26/this-is-what-lakshmi-mittal-has-to-say-about-his-competitor/ .The blogger believes the words originate from LN Mittal.In which case it would be high praise indeed for the Tatas from a competitor.Even if the note is authored by someone else it doesn’t detract from the fact that Tata Style Philanthropy is worthy of respect and well worth emulating.The picture above shows Jamshedpur.

“Most of us know Lakshmi Mittal to be the richest person in United Kingdom. We also know him as a Steel Industry Baron who took over Arcelor against all odds. However, more than money and business, he is a great human being and never fails to give credit where it is due, even if it means his own biggest rival.

Here is a note written by Lakshmi Mittal after his recent visit to TISCO: (It is long, but well worth the read)

‘I visited Jamshedpur over the weekend to see for myself an India that is fast disappearing despite all the wolf-cries of people like Narayanamurthy (mentor of Infosys) and his ilk. It is one thing to talk and quite another to do and I am delighted to tell you that Ratan Tata has kept alive the legacy of perhaps India’s finest industrialist J.N. Tata. Something that some people doubted when Ratan took over the House of the Tata’s but in hindsight, the best thing to have happened to the Tata’s is unquestionably Ratan.I was amazed to see the extent of corporate philanthropy and this is no exaggeration.For the breed that talks about corporate social responsibility and talks about the role of corporate India, a visit to Jamshedpur is a must. Go there and see the amount of money they pump into keeping the town going; see the smiling faces of workers in a region known for industrial unrest; see the standard of living in a city that is almost isolated from the mess in the rest of the country. Read more of this post

Filed under Philanthropy Tagged with AB Vajpayee, Arcelor, Corporate Philanthropy, corporate social responsibility, Crorepati, feel good, gender equality, House of Tatas, IIM, India Shining, Infosys, Jamshedji Nusserwanji Tata, Jamshedpur, JRD Tata, LK Advani, LN Mittal, Millionaire, Murli Manohar Joshi, Narayana Murthy, nation building, nationalism, Naxalites, Philanthropy, Pipal, postaday2011, RandomBlog2011, Ratan Tata, Russi Mody, Sai Baba, Santhal Tribals, Santhali, Tata Steel, TISCO, UN Global Compact City, Wipro, Xavier Institute of Tribal Education

Shri Yantra

March 8, 2011 Leave a comment

Shri means wealth.It is also a word used to show respect.Yantra means instrument.

The Shri Yantra is formed by nine interlocking triangles that surround and radiate out from a central point. Together the nine triangles are interlaced in such a way as to form 43 smaller triangles.

The Shri Yantra is considered to be very powerful and is believed to be the yantra of Goddess Mahalakshmi.Mahalakshmi is the Indian Goddess of wealth,prosperity and good fortune.She is believed to manifest herself in the place where this yantra is kept and worshipped.As a result all wishes come true and one’s life is changed for the better.This Yantra is believed to be helpful in getting rid of debt.

Many temples in India, including the Tirupati Temple,the richest one in India, are constructed on the basis of this sacred geometry.

Many people keep and worship a Shri Yantra at home and/or their place of business. Read more of this post

Filed under Tidbits, Tool Kit Tagged with get rid of debt, Goddess Lakshmi, Goddess Mahalakshmi, Goddess of Good Fortune, Goddess of Wealth, good fortune, Hinduism, Indian, Mahalakshmi Mantra, Mantra, postaday2011, prosperity, RandomBlog2011, Shri Yantra, Tirupati Temple, wealth, Worship, Yantra

9 Ways To Make Money On The Stock Market

March 7, 2011 6 Comments

Here are 9 ways listed by Whitney Tilson to pick diamonds in the stock market:

1. Out-of-favour blue chips. Even the world’s greatest companies encounter problems or otherwise fall out of favor. Correctly differentiating between those suffering temporary rather than permanent issues is the key to success here. As long as the positive fundamentals of the company’s business remain intact, and new management is willing and capable of bringing the company on track buying out of favour blue chips can be very profitable.

2. Distressed industries. Buying a good company in a distressed industry is often a great way to make money.

3. Turnarounds. Turning around a broken business is difficult and often takes much longer than expected — but when it occurs, a stock can rise many-fold.

4. Overlooked small caps. Among the thousands of publicly traded stocks that analysts don’t cover are fine businesses that are cheap because either no one is paying attention to them or their stocks are thinly traded. Read more of this post

Filed under Paper Assets, Theory, Tool Kit Tagged with activist, blue chips, cheap stocks, distressed industries, growth, growth investor, growth stocks, momentum investor, Money, postaday2011, RandomBlog2011, small caps, stock investing, stock market, stock share, turnarounds, valuation, value investing, Whitney Tilson

5 Ways To Lose Money On Stocks

March 7, 2011 Leave a comment

Here are 5 situations that Whitney Tilson lists where investors can lose money:

1. The game has changed.Bargain Hunters and Bottom Fishers Beware!There’s a fine line between opportunity and trouble when a once-strong business goes into decline.

2. High and rising debt. Value investors are naturally drawn to companies in trouble — that’s what makes stocks cheap if the difficulties prove to be temporary. But too much debt can ruin even the best-planned turnaround.

3. Consumer fads. When investors extrapolate far into the future what are highly likely to be impossible-to-maintain growth levels, trouble follows.

4. Serial acquirers or mega-acquisitions. Given the research showing that a significant majority of acquisitions are value destroyers for the buyers, it’s remarkable how frequently investors get excited about roll-up stories or big acquisitions.

5. Aggressive accounting. The gray areas in accounting leave managements considerable leeway in how aggressively or conservatively to represent company operations. When a company’s accounting treatment creates more questions than answers, something is usually wrong.