In this video, Preston says at 11:30 mark to pause the video and evaluate how much money you are willing to pay for this ice cream business: I will look at following points to estimate what price am I willing to pay for the ice cream business: # First of all, I will look what return am I getting risk-free. The
Continue readingI found a secret…..
Today I found the secret why some dumb people get success in life while the intelligent ones work under less intelligent ones and underperform. The secret is: TAKING ACTIONS It is not about perfection. It is about creating just something. It is about having an instinct to ship. Because you can’t fix something that you don’t ship. It is about
Continue readingRisk comes from not knowing what you are doing
“Risk comes from not knowing what you are doing” ~Warren Buffett I am always captivated by the wisdom with which this Old man approaches stocks and Investing. Truly he is a legendary investor. He approaches stocks with a very clear mindset. Investing is basically providing capital to a wise and competent entrepreneur to exploit a business idea to create massive
Continue readingWhat is the real money?
I’ll give you $1 Billion but if you don’t have the intelligence to spend it, it might perhaps be of no use. A similar case would be to give a billion-dollar to a chimp. He will just throw it away. There is an interesting question asked by someone somewhere: If all the wealth of the world are collected and redistributed
Continue readingThose who were seen dancing…
“Those who were seen dancing were thought to be insane by those who could not hear the music” A wise statement said by some wise person. My family members often say to me why don’t you prepare for public services exam and take up a Job of say, Bank P.O. or something and earn 1 lakh Rs. per month comfortably.
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