If you’re stuck in a rut and need something to pick you up, give you that sense that you can achieve anything. Then watch this video and be awestruck by the amazing things people achieve everyday =)
If you ever hear someone say “No way!”, remember this video and reply “Yes way!”
Warren really loves his Coke & See’s Chocolate!
Warren Buffet also quoted The Intelligent Investor by Benjamin Graham (his mentor!) I guess this will be my next book to read…
Hope you enjoy the last 5 episodes!
PS: Here’s the link to: Warren Buffet - Questions and Answers - Part 1
I just spent the last 90 minutes watching Warren Buffet answer a whole bunch of questions. Firstly, I never knew Warren was so funny, watching all 10 clips, I really enjoy his sense of humour!
Anyways, back to Warren Buffet’s Questions and Answers session… In 1998, at the beginning of the tech bubble, Warren Buffett spoke to a group of MBA students at the University of Florida. All I can say is that we are very lucky to be able to watch this today because if it weren’t for video cameras back in the late 90s and youtube we won’t be able to learn these teachings from Warren Buffet!
I’m going to post the first 5 here so that you don’t get overwhelmed sitting here watching all the clips for the next 90minutes like me. (I’m one of those people who can’t stop something until I reach the end)
Remember get a notepad and pen out, you’ll want to take some notes!
PS: Here’s the link to: Warren Buffet - Questions and Answers - Part 2
This one made me laugh (near the very end)
Component of buying a business (Qualitative or Quantitative)
Sorry for not posting this earlier, but there’s still time to attend a FREE session with Chris Howard.
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The journey of nine year old Richard in Wink and Grow Rich is one which I believe many of us can relate to. If you are lucky enough to have a copy of the book, aim to read a chapter a day. If you don’t have the book then you can Click here to download the Book Summary or Audio Summary.
The key really is in: Apply, Rinse and Repeat.
Some very important points we learn from the Plumber:
The easiest way I found to have a look at what’s available on the market was to search on the three major property websites:
All three websites list the property details (address, asking price, agent, photograph/s). But although all three websites are very similar, I found that RIEWA had a layout which made it much easier to see when the property had a home open. Even if you’re not looking to buy, have a look around and see how the property market is around your area, you might surprise yourself.
As well as these sites, most Real Estate Agents will have a website displaying the property they have listed and some property which have recently sold as well. Just take note of which agents sell in the area/s you’re looking and visit their website. You might find something which not many know about!
As for the headache, try to think of your brain as a muscle lacking in exercise =)
MEDIA RELEASE
No: 2009-01
Date: 3 February 2009
Embargo: For Immediate ReleaseSTATEMENT BY GLENN STEVENS, GOVERNOR
MONETARY POLICYAt its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 3.25 per cent, effective 4 February 2009.
There was a significant deterioration in world economic conditions late in 2008. The effects on household and business confidence of the financial turmoil following Lehman’s collapse, and continuing strains on major financial institutions, saw a significant downturn in demand around the world. As a result, the major advanced economies contracted sharply in the December quarter, as did a number of emerging market economies. The Chinese economy, though still growing, has slowed markedly. Global inflation, having reached high rates during the middle of 2008, is now declining.
Measures to stabilise financial systems have contributed to an improvement in the functioning of credit markets over the past couple of months. This, in conjunction with expansionary macroeconomic policy measures being taken around the world, should assist in promoting global recovery over time. But the near-term outlook for the global economy is the weakest for many years.
Economic conditions in Australia have also been affected, though less than in other advanced economies. Australia’s financial system remains in a strong condition and large interest rate reductions over recent months have been passed through in substantial measure to end borrowers. Nonetheless, the combination of last year’s financial turmoil, a severe global downturn and substantial falls in commodity prices has had a significant dampening effect on confidence, and therefore on prospects for growth in demand. Inflation has begun to moderate and, given recent developments, it is likely to continue to decline.
In these circumstances, the Board judged that a further sizable reduction in the cash rate was appropriate, to give further support to demand. In making its decision, the Board took into account the package of measures announced by the Government earlier today. The combination of expansionary monetary and fiscal policies now in place will help to cushion the Australian economy from the contractionary forces coming from abroad.
-> RBA
I’ve seen Randy Pausch Last lecture multiple times on YouTube and everytime I hear what he says, I feel a tingle up my spines (in a good way) and always get my eyes watering.
Here’s a 10min version of his last lecture, instead of full 1 hour lecture. So I hope you don’t give yourself an excuse not to watch this for 10mins! It will change your life.