Watch Warren Buffett “s Interview in 1962 !!!!

Warren Buffett will tell you that his investment career began in the 1940s when he bought shares in a company as an 11-year.
However, there isn’t much footage of the Oracle of Omaha available before the 1980s.
Reformed Broker Josh Brown points us to this rare 1962 interview with Buffett on ValueWalk.com.
In this brief clip, Buffett discusses the predictive power of the stock market.
“The stock market has been a good forecaster from time to time in the past,” he said. It also has been a rather poor forecaster occasionally.”
He addressed an ongoing sell-off in the stock market.
“For example, the last four or five years, the stock market has been booming along presumably forecasting better business which has really not materialized,” he said. “So maybe the stock market is correcting a previously incorrect forecast this time.”
Watch the whole clip here:

 

 

source::::businessinsider.com

Natarajan

Best Quotes Of Warren Buffett On Investment Strategy !!!!

Warren Buffett has just joined Twitter

Hopefully this means we’ll hear from the Oracle of Omaha on a more regular and informal basis.

Buffett has established himself as the most successful investor in history.

And he has never kept his investing methods secret.

In fact, when he shares his tips, he often does so in an approachable and entertaining manner.

So, as we get ready for this week’s annual meeting of Berkshire Hathaway shareholders, we reflect on some of Buffett’s best investing quips.

We compiled a few of Buffett’s best quotes from his TV appearances, newspaper op-eds, magazine interviews, and of course his annual letters, which are always-must reads.

Investing novices and experts alike can learn from the advice that the he has articulated through the years.

If we’ve missed any of your favorites, let us know in the comments.

 

Buying a stock is about more than just the price.

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

Source: Letter to shareholders, 1989

You don’t have to be a genius to invest well.

“You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.”

Source: Warren Buffet Speaks, via msnbc.msn

But, master the basics.

“To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses – How to Value a Business, and How to Think About Market Prices.

Source: Chairman’s Letter, 1996

Don’t buy a stock just because everyone hates it.

“None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What’s required is thinking rather than polling. Unfortunately, Bertrand Russell’s observation about life in general applies with unusual force in the financial world: “Most men would rather die than think. Many do.”

Source: Chairman’s Letter, 1990

Bad things aren’t obvious when times are good.

“After all, you only find out who is swimming naked when the tide goes out.”

Source: Letter to shareholders, 2001

Always be liquid.

“I have pledged – to you, the rating agencies and myself – to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.”

 Source: Letter to shareholders, 2008

The best time to buy a company is when it’s in trouble.

“The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they’re on the operating table.”

Source: Businessweek, 1999

Stocks have always come out of crises.

Stocks have always come out of crises.

A soup kitchen in 1936

Wikimedia Commons

Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.”

Source: The New York Times, October 16, 2008

Don’t be fooled by that Cinderella feeling you get from great returns

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities ¾ that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future ¾ will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”

Source: Letter to shareholders, 2000

Think long-term.

“Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now. Over time, you will find only a few companies that meet these standards – so when you see one that qualifies, you should buy a meaningful amount of stock. You must also resist the temptation to stray from your guidelines: If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value.”

Source: Chairman’s Letter, 1996

Forever is a good holding period.

“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”

Source: Letter to shareholders, 1988

Buy businesses that can be run by idiots.

Buy businesses that can be run by idiots.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

Source: Business Insider

Be greedy when others are fearful.

“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.”

Source: Letter to shareholders, 2004

You don’t have to move at every opportunity.

“The stock market is a no-called-strike game. You don’t have to swing at everything–you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling, ‘Swing, you bum!'”

Source: The Tao of Warren Buffett via Engineeringnews.com

Ignore politics and macroeconomics when picking stocks.

“We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%.

“But, surprise – none of these blockbuster events made the slightest dent in Ben Graham’s investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

Source: Chairman’s Letter, 1994

The more you trade, the more you underperform.

The more you trade, the more you underperform.

Public domain

“Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, “I can calculate the movement of the stars, but not the madness of men.” If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.”

Source: Letters to shareholders, 2005

Price and value are not the same

“Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

Source: Letter to shareholders, 2008

There are no bonus points for complicated investments.

“Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).

“Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn’t count. If you are right about a business whole value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables.”

Source: Chairman’s Letter, 1994

A good businessperson makes a good investor.

“I am a better investor because I am a businessman, and a better businessman because I am no investor.”

Source: Forbes.com – Thoughts On The Business Life

Higher taxes aren’t a dealbreaker.

“SUPPOSE that an investor you admire and trust comes to you with an investment idea. “This is a good one,” he says enthusiastically. “I’m in it, and I think you should be, too.”

Would your reply possibly be this? “Well, it all depends on what my tax rate will be on the gain you’re saying we’re going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent.” Only in Grover Norquist’s imagination does such a response exist.”

Source: New York Times

Companies that don’t change can be great investments.

“Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it’s the lack of change that appeals to me. I don’t think it is going to be hurt by the Internet. That’s the kind of business I like.”

Source: Businessweek, 1999

This is the most important thing.

This is the most important thing.

Wikipeda

“Rule No. 1: never lose money; rule No. 2: don’t forget rule No. 1”

Source: The Tao of Warren Buffett

Time will tell.

“Time is the friend of the wonderful business, the enemy of the mediocre.”

Source: Letters to shareholders 1989

BONUS: On Wall Street advice

“Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.”

Source: The Tao of Warren Buffett….businessinsider.com

Natarajan

Read more: http://www.businessinsider.com/warren-buffetts-best-investing-quotes-2013-5?op=1#ixzz2Uh9wS79f

Top 15 Countries With Highest Quality Of Life… Australia is Ranked No 1 !!!!

For a good chance at a happy life, head to Australia, which one again topped the Organization for Economic Cooperation and Development‘s Better Life Index, which looks at the quality of life in member countries.

The (OECD) — an international economic organization — analyzed 34 countries in 11 categories, including income, housing, jobs, community, education, environment, civic engagement, health, life satisfaction, safety, and work-life balance. (You can read the full methodology here.)

We looked at the countries with the highest overall scores, and highlighted a few of the criteria on the following slides.

 

#15 Ireland

Average household disposable income: $24,104

The Irish have a strong sense of community — 96% of people believe they know someone they could rely on in a time of need (higher than the OECD average of 90%).

They also rate highly in work-life balance, where the average employee works 1,543 hours a year, less than the OECD average of 1,776.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scale. Income is net-adjusted and in USD.

#14 Luxembourg

Average household disposable income: $23,047

Luxembourg rates well in both health and environment, with an average life expectancy of 81 years and a low level of atmospheric PM10 — tiny air pollutant particles small enough to enter and cause damage to the lungs.

Citizens also have a high participation rate in the political process, with 91% of the population turning out for recent elections.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#13 Austria

Average household disposable income: $28,852

Austria has a high rate for education. 82% of Austrian adults ages 25-64 have earned the equivalent of a high school degree.

Austrians also have a strong sense of community, with 94% of the population reporting they know someone they could rely on in a time of need.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#12 Finland

Average household disposable income: $25,739

Finland performed extremely well on the OECD’s Programme for International Student Assessment — the average student scored 543 in reading literacy, math, and science, whereas the average OECD score was 497.

They also have a high level of life satisfaction with 82% of the population saying they have more positive experiences than negative ones in an average day.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#11 New Zealand

Average household disposable income: $21,892

New Zealand has one of the best rates of renewable energy of any OECD country with 36.47%.

Students also scored 524 in reading literacy, math, and science on the OECD Programme for International Student Assessment — higher than the average of 497.

And New Zealand girls outperformed boys by 15 points, higher than the average OECD gap of 9 points.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#10 United Kingdom

#10 United Kingdom

AP/RICHARD LEWIS

Average household disposable income: $23,047

85% of the English population say they have more positive experiences in an average day than negative ones.

They also have a high life expectancy of 81 years, and 97% of the people say they are satisfied with the quality of their water.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#9 Iceland

Average household disposable income: $23,047

Iceland has high levels of civic participation — 98% of people believe they know someone they could rely on in a time of need.

97% of the Iceland population are also extremely satisfied with their water quality, and Iceland has less air pollutant particles per cubic meter than the OECD average.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#8 Netherlands

#8 Netherlands

Average household disposable income: $25,493

People in the Netherlands only work 1,379 hours a year, significantly less than the OECD average of 1,776 hours.

They also test extremely high on the OECD’s Programme for International Student Assessment with an average of 519 (the OECD average is 497).

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#7 Denmark

#7 Denmark

Chris Jackson/Getty Images

Average household disposable income: $24,682

Denmark has one of the highest life satisfaction rankings, with 89% of the population reporting they have more positive experiences in an average day than negative ones.

The Danish also know how to balance their work life with their personal life — only 2% of employees say they work very long hours, much lower than the OECD average of 9%.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#6 United States

#6 United States

Assouline

Average household disposable income: $38,001

The U.S. has the highest average household disposable income on the list at $38,000 a year — much higher than the OECD average of $23,000.

It also ranks as one of the best countries for housing conditions, with good basic facilities and general feelings of safety and personal space.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#5 Switzerland

Average household disposable income: $30,060

86% of adults in Switzerland have earned the equivalent of a high school degree, and students scored 517 on the OECD Programme for International Student Assessment — higher than the average of 497.

The Swiss also have a high life expectancy at 83 years of age, and 95% of the population say they are satisfied with the quality of their water.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#4 Norway

Average household disposable income: $31,459

There is a strong sense of community and high levels of safety in Norway, where 93% of people believe that they know someone they could rely on in a time of need.

Norwegians also tend to have a good work-life balance, with only 3% of employees working very long hours, compared to the OECD average of 9%.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#3 Canada

Average household disposable income: $28,194

Canadians work only 1,702 hours a year — less than the OECD average — with 72% of the population working at a paid job.

There is little difference in voting levels across society too, suggesting there is broad inclusion in Canada’s democratic institutions: Voter turnout for the top 20% of the population is 63% and for the bottom 20% it is 60%, a much smaller difference than the OECD average gap of 12 percentage points.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#2 Sweden

Average household disposable income: $26,242

Having a good education is extremely important in Sweden, where 87% of adults aged 25-64 have earned the equivalent of a high school degree.

They also ranked highly in all environmental categories. Their level of air pollutant particles is 10 micrograms per cubic meter — considerably lower than the OECD average of 21 micrograms per cubic meter — and 95% of the population is satisfied with their water quality.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

#1 Australia

Average household disposable income: $28,884

For the second year in a row, Australia is the number one happiest country in the world. And it’s not hard to see why —they rank extremely well in health, civic engagement, and housing.

The life expectancy at birth in Australia is 82 years, two years higher than the OECD average.

Australia also has exceptional voter turnout at 93% during recent elections, which is far above the OECD average of 72%.

Researchers compared data from 34 countries that are members of the Organization for Economic Cooperation and Development. They based the rankings on 11 factors including income, safety, life satisfaction, and health, and then rated each country on a 10-point scaleIncome is net-adjusted and in USD.

Read more: http://www.businessinsider.com/top-countries-on-oecd-better-life-index-2013-5?op=1#ixzz2Uh2HIE5s

source::::businessinsider.com

Natarajan

” Cheque” out His Honesty !!!….Strange But True !!!!

 

Autorickshaw driver Raju Bharwad  returned a cheque of Rs 1.9 crore, saying his monthly income of Rs 6,000 was enough to sustain his family!!!

Autorickshaw driver Raju Bharwad (above) returned a cheque of Rs 1.9 crore, saying his monthly income of Rs 6,000 was enough to sustain his family

He could have been a billionaire overnight, but autorickshaw driver Raju Bharwad chose honesty over a cheque of Rs 1.9 crore sent in his name by Gujarat Industrial Development Corporation.

Bharwad was surprised to receive the cheque, which also had the name of his mother as the co-recipient.

The accompanying letter said the money was being given to them in lieu of 10 bigha land that they owned at Sanand near the Tata Nano plant.

At a time when complaints of violence, land-grabbing and forgery are on the rise in Sanand after the relocation of Tata Nano plant from West Bengal, Bharwad, who stays in Ahmedabad, rushed to the authorities to return the cheque.

“We did have 10 bigha land in that area but my father sold that plot for Rs 9 lakh 25 years ago. Today, several families are staying there,” he said, adding that the ownership of the land was not transferred officially and had remained with Raju and his mother.

“If I had accepted the money, the authorities would have bulldozed the houses on that plot,” Raju said.

He is now trying to ensure that the ownership of the land is transferred to the right owners.

“I earn about Rs 6,000 a month by driving an autorickshaw and have four bigha land,” Raju said, adding that the money was sufficient.

Raju’s honesty has surprised government officials, too, who said they have seen many disputes over land ownership but someone returning a cheque of such a big amount is unheard of.

source:::::mailonline.com

Natarajan

 

Thought For The Weekend…5 Cs Needed For Success !!!!

 

 

There is a story about a man who sold hot dogs by the roadside. He was illiterate, so he never read newspapers . He was hard of hearing, so he never listened to the radio. His eyes were weak, so he never watched television. But enthusiastically, he sold lots of hot dogs. His sales and profit went up. He ordered more meat and got himself a bigger and a better stove. As his business was growing, the son, who had recently graduated from college, joined his father. Then something strange happened. The son asked, “Dad, aren’t you aware of the great recession that is coming our way?” The father replied, “No, but tell me about it.” The son said, “The international situation is terrible. The domestic is even worse. We should be prepared for the coming bad time.” The man thought that since his son had been to college, read the papers, and listened to the radio, he ought to know and his advice should not be taken lightly. So the next day, the father cut down his order for the meat and buns, took down the sign and was no longer enthusiastic. Very soon, fewer and fewer people bothered to stop at his hot dog stand. And his sales started coming down rapidly. The father said to his son, “Son, you were right. We are in the middle of a recession. I am glad you warned me ahead of time.”What is the moral of the story?
1. Many times we confuse intelligence with good judgment.
2. A person may have high intelligence but poor judgment.
3. Choose your advisers carefully and use your judgment.
4.A person can and will be successful with or without formal education if they have the 5 Cs:
Character Commitment
Conviction
Courtesy
Courage
5. The tragedy is that there are many walking encyclopedias who are living failures….
source::::Shirdi Sai Speaks ….article by Deepa .H.
Natarajan

Message For The Day…Helping Hand From Siddhivinayak Temple , Mumbai , India.

MUMBAI, April 27 2013 (DNA India): The Siddhivinayak Temple trust has decided to set up a state-of-the-art dialysis centre close to the Prabhadevi temple, where patients can have a dialysis done at just US$4.61 per cycle (compared to an average cost in the United States of $500/treatment). At present, patients have to shell out $22 to $28 for each cycle of dialysis. The temple has tied up with an NGO, Shri Veera Desai Jain Sangh, which runs a similar dialysis centre in Andheri, to get its 22-bed centre put together.The NGO, which has a budget of $553,000, will also appoint the health experts needed to run the centre. “We will charge patients the minimum fee. The rest of the expenses will be borne by the temple and us,” explains Chetan Vora, trustee of the NGO. The Sangh and the temple administration have signed a memorandum of understanding to have the centre up and running by July. Mangesh Shinde, CEO of the temple administration, says the decision was spurred by the realization to have a sub-centre within Mumbai for conducting dialysis procedures.

 

source::::Siddhivinayak Smiles On Dialysis Patients…Hindusim Today

Natarajan

“Men May Come and Men May Go”..But Credit Card Billing Goes on Forever!!!

Cancel your credit card before you die……… (hilarious! ).. Because ,you can not rule out the possibility of such response from today”s  Customer service call centers of  Banks !!!!!

Be sure and cancel your credit cards before you die.

This is so priceless, and so, so easy to see happening, customer service being what it is today.

A lady died this past January, and  the Bank billed her for February and March for their annual service charges on her credit card, and added late fees and interest on the monthly charge. The balance had been Rs.0.00 when she died, but now somewhere around Rs.6000.00. A family member placed a call to  Bank.

Here is the exchange :

Family Member: ‘I am calling to tell you she died back in January.’

Bank: ‘The account was never closed and the late fees and charges still apply.’

Family Member: ‘Maybe, you should turn it over to collections. ‘

Bank: ‘Since it is two months past due, it already has been.’

Family Member: So, what will they do when they find out she is dead?’

Bank: ‘Either report her account to frauds division or report her to the credit bureau, maybe both!’

Family Member: ‘Do you think God will be mad at her?

Bank:   Excuse Me …

Family Member: ‘Did you just get what I was telling you – the part about her being dead?’

Bank: ‘Sir, you’ll have to speak to my supervisor.’

Supervisor gets on the phone:

Family Member: ‘I’m calling to tell you, she died back in January with a Rs.0 balance.’

Bank: ‘The account was never closed and late fees and charges still apply.’

Family Member: ‘You mean you want to collect from her estate?’

Bank: (Stammer) ‘Are you her lawyer?’

Family Member: ‘No, I’m her great nephew.’ (Lawyer info was given)

Bank: ‘Could you fax us a certificate of death?’

Family Member: ‘Sure.’ (Fax number was given )

After they got the fax :

Bank: ‘Our system just isn’t setup for death. I don’t know what more I can do to help.’

Family Member: ‘Well, if you figure it out, great! If not, you could just keep billing her. She won’t care.’  Bank: ‘Well, the late fees and charges will still apply.’

(What is wrong with these people?!?)

Family Member: ‘Would you like her new billing address?’

Bank: ‘That might help…’

Family Member: Odessa Memorial Cemetery , Avinashi, Coimbatore

Bank: ‘Sir, that’s a cemetery!’
Family Member: ‘And what do you do with dead people on your planet???’

!!!!!!!!!!!!!!!!!     !!!!!!!!!!!!!!!!!!!!         !!!!!!!!!!!!!!!!!!!!!!!!

source: unknown… input from a friend of mine

Natarajan

You Can Not Multiply The Wealth by Dividing It !!!

When the reward is great, the effort to succeed is great,

but when government takes all the reward away,

no one will try or want to succeed !!!

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, “OK, we will have an experiment in this class on Socialist’s plan”. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A…. (substituting grades for dollars – something closer to home and more readily understood by all).

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

The second test average was a D! No one was happy.

When the 3rd test rolled around, the average was an F.

As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed.

These are possibly the 5 best sentences you’ll ever read and all applicable to this experiment:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it!

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

source:Mr.Rajendra Deshpande& Mr.A.V.Ramanathan

 

Natarajan

“No Frills ” Hospitals In India !!!!….A Mix Of Wal-Mart and Low Cost Airline !!!!

What if hospitals were run like a mix of Wal-Mart and a low-cost airline? The result might be something like the chain of “no-frills” Narayana Hrudayalaya clinics in southern India.

Budget Hospital India

In this picture taken on February 7, 2013 hospital staff work at one of the post-operative pediatrics observation and care units of the Narayana Hrudayalaya cardiac-care hospital in Bangalore. A group of Indian doctors believe they can cut the cost of heart surgery to an astonishing 800 USD at their “no thrills” low-cost hospital.

Using pre-fabricated buildings, stripping out air-conditioning and even training visitors to help with post-operative care, the group believess it can cut the cost of heart surgery to an astonishing 800 dollars.

“Today healthcare has got phenomenal services to offer. Almost every disease can be cured and if you can’t cure patients, you can give them meaningful life,” says company founder Devi Shetty, one of the world’s most famous heart surgeons.

“But what percentage of the people of this planet can afford it? A hundred years after the first heart surgery, less than 10 percent of the world’s population can,” he told AFP from his office in hi-tech hub Bangalore.

Already famous for his “heart factory” in Bangalore, which does the highest number of cardiac operations in the world, the latest Narayana Hrudayalaya (“Temple of the Heart”) projects are ultra low-cost facilities.

The first is a single-storey hospital in Mysore, two hours drive from Bangalore, which was built for about 400 million rupees (7.4 million dollars) in only 10 months and recently opened its doors.

Set amid palm trees and with five operating theatres for cardiac, brain and kidney procedures, Shetty boasts how it was built at a fraction of the cost of equivalents in the rich world.

“Near Stanford (in the US), they are building a 200-300 bed hospital. They are likely to spend over 600 million dollars,” he said.

“There is a hospital coming up in London. They are likely to spend over a billion pounds,” added the father of four, who has a large print of mother Teresa on his wall — one of his most famous patients.

“Our target is to build and equip a hospital for six million dollars and build it in six months.”

The Mysore facility represents his vision for the future of healthcare in India — and a model likely to burnish India’s reputation as a centre for low-cost innovation in the developing world.

Air-conditioning is restricted to operating theatres and intensive care units. Ventilation comes from large windows on the wards.

 

Budget Hospital India

A group of Indian doctors believe they can cut the cost of heart surgery to an astonishing 800 USD at their “no thrills” low-cost hospital.

Relatives or friends visiting in-patients undergo a four-hour nursing course and are expected to change bandages and do other simple tasks.

 

In its architecture, Shetty rejected the generic multi-storey model, which requires costly foundations and steel reinforcements as well as lifts and complex fire safety equipment.

Much of the building was pre-fabricated off site and then quickly assembled.

The Mysore facility will be followed by others in the cities of Bhubaneswar and Siliguri.

Each will owe its existence to Shetty’s original success story, his pioneering cardiac hospital in Bangalore which opened in 2001.

About 30 heart surgeries are performed there daily, the highest in the world, at a break-even cost of 1,800 dollars. Most patients are charged more than this, but some of the poorest are treated for free.

Its success has made Shetty a wealthy man and earned him international renown. Al-Jazeera recently broadcast a six-part series on the hospital whose wards are packed with low-income farmers and labourers.

In the crammed waiting room, families from across South Asia wait for appointments with the boss who juggles them between stints in theatre.

“We saw him on TV recently and we could see his commitment to poor people and middle class people like us,” said Ranjan Bhattacharya, a civil servant, who had brought his ill wife 2,000 kilometres (1,200 miles) by train from northeast India.

In its dealings with suppliers, the hospital group works like a large supermarket, buying expensive items such as heart valves in bulk.

By running the operating theatres from early morning to late at night, six days a week, it is inspired by low-cost airlines which keep their planes in the air as much as possible.

The British-trained surgeon sniffs at the output of Western counterparts who might do a handful of operations a week. Each of his surgeons does up to four a day on a fraction of the wages of those in the West.

“Essentially we realised that as you do more numbers, your results get better and your cost goes down,” he said.

Public spending on health in India amounts to just four percent of GDP, less than Afghanistan, according to the World Health Organization.

A lack of private insurance and a public system that has “collapsed” according to the country’s rural development minister means an estimated 70 percent of healthcare spending is borne by Indians out of their own pockets.

So is Shetty a sharp-witted businessman who has spotted a gap in the market or a philanthropist?

“We believe that charity is not scalable. If you give anything free of cost, it is a matter of time before you run out of money, and people are not asking for anything free,” he said.

His first foreign venture is a hospital on the Cayman Islands, targeting locals who would normally travel to the US for expensive treatment, and he says he would love to expand into Africa.

From 6,000 beds now in 17 clinics, he aims to expand privately-run Narayana Hrudayalaya Hospitals to a group with 30,000 beds in the next five years.

“The current regulatory structures, the current policies and business strategies (for healthcare) that we have are wrong. If they were right, we should have reached 90 percent of the world’s population,” he said.

source::::businessinsider.com

Natarajan

Read more: http://www.businessinsider.com/inside-indias-no-frills-hospitals-where-heart-surgery-costs-just-800-2013-4#ixzz2RAscwJhp

A Bitter Battle Turns Sweet at the End …..

L. Ponnudurai

L. Ponnudurai

Dalit boy completes chemical engineering and lands job, despite all odds

Four years ago, L. Ponnudurai was cleaning tables at a restaurant in Rajapalayam bus depot. In a month from now, he will begin work in a reputed cement company, as a chemical engineer.

The story of this gritty Dalit boy from Gopalapuram village near Rajapalayam in southern Tamil Nadu is an inspiring one. When he was barely five years old, his mother had committed suicide. Soon after this, his father remarried and sent him away to his grandmother’s place.

A relative noted his keenness to learn and put him in a government Adi Dravidar hostel. “My relatives were mill labourers and earned very little. To avoid burdening them, I used to stay in the hostel even during holidays,” said Ponnudurai.

He scored 96 per cent in Class X, and friends suggested a vocational course at a polytechnic institute. But, Ponnudurai said, he was keen on studying further.

Scholarships helped him finish Class XII with 93 per cent. He, however, faced a roadblock when he wanted to pursue his dream of going to college, as he did not have money to buy a form and apply for engineering counselling.

One day, his former physics teacher spotted him working at Vasantha Bhavan in Rajapalayam. “The next day, all my teachers landed up there. They had pooled in money to send me to Chennai and apply for engineering,” said Ponnudurai.

But this was not the end of Ponnudurai’s struggle. He tried to apply for an education loan all on his own, but bank officials wanted his father to be present. “He came only after my school teachers pleaded with him and promised to pay for his travel,” he added.

Ponnudurai came to Chennai with Rs. 2,000 and two pairs of clothes, but these were not his concerns. “Having studied in Tamil, learning in English was very difficult,” he said. Taunts over his complexion or his trousers almost broke his will. “I ran away thrice from campus, vowing never to return, but friends persuaded me to go back. In the hostel, I kept to myself,” he said.

But now, life is looking up. He recently cleared a recruitment interview with Ramco Cements and has got a decent offer. “I cannot ask for more.They let me answer questions in Tamil. I did not want to work in an IT company. I studied chemical engineering and I really like the subject,” he said, smiling. He has other plans too. “In villages, even bright students are unaware of opportunities, admission procedures, and scholarships. I want to convince students there to finish college,” he said.

Keywords: L. PonnuduraiDalit boy

source::::  Vasudha Venugopal in The Hindu

Natarajan