Views on Life & on Equity Investing

Wonder, Wealth & Abundance

Success

with 6 comments

I am a firm believer that living up to a single phrase can transform one’s life. Depending on our mental attunement to an idea we only choose to play the radio station that is on our frequency, and latch on to quotations or phrases that suit us. World is full of ideas, but we choose to pick only the ones that fulfill our immediate needs. Its rare to find a person who follows Buffett as a role model not primarily for  investing/stocks/material wealth, other things being secondary. Amazingly, he did not bring up any of his children to follow him, none of them accumulated much wealth or pursued investment profession. Then, isn’t is worth paying heed to what Buffett himself took seriously. According to Buffett, at 2 min:50 sec into first interview, “Success is not to be measured with Money. It is living up to your full potential.” The definition of “full potential” is out of scope of discussion, probably cannot be discussed, only experienced. In case you follow Buffett, are you living up to your full potential ?

Three Genertions



What Buffett learnt from Munger – Making Silk Purses from Silk



Recall writing a similar post on success few years back here.

Written by amitdipsite

November 9, 2013 at 10:12 pm

Posted in Uncategorized

6 Responses

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  1. I find it usually boring to read investment books now, law of diminishing returns apply here too, not to mention reading can turn into an addiction with potentially negative returns. One key lesson to take away without reading scores of tomes on Buffett and Munger is as follows:

    Charlie Munger once stated: “Warren often talks about these discounted cash flows, but I've never seen him do one.” Warren Buffett responded: “It’s sort of automatic… It ought to just kind of scream at you that you've got this huge margin of safety.”
    —————————————-

    In layman terms — good investments comes once couple of years or once or twice every few years, rest of the time it pays to do nothing.

    Amit Arora

    November 10, 2013 at 1:16 am

  2. Dear Amit,
    Do you still own Intec Capital? If so, what is your opinion about recent open offer made by Intec?

    Jagadish

    November 12, 2013 at 5:19 am

  3. Hi Amit,

    Remember, Ricoh India it has jumped from 54 to 104 with queue of buyers !!! Delisting proposal announced !!!!

    viewer

    November 15, 2013 at 10:27 am

  4. Dear Amit,

    Have you checked the latest Corvi LED AD on youtube http://www.youtube.com/watch?v=wSiLIlvGY6k

    Pratul Lobo

    November 15, 2013 at 2:43 pm

  5. Dear Pratul, thanks for link. Ad by Cello

    Ricoh: Its not making much money anywhere globally. Good luck with delisting

    Amit Arora

    November 15, 2013 at 8:52 pm

  6. Hi Amit,
    Photoquip second quarter results are out. It seems sales have started picking up for CORVI products. They should be able to catch a top line of around Rs.20 crores for this new business.

    viewer

    November 16, 2013 at 5:01 am


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