The “Oracle of Obama”

The clarity I had, about the importance of doing less wrong than doing more right in the world of business, was substantiated in a recent article I read, about one of the most successful investors the world has seen – Warren Edward Buffett. The article, written by Vinod Iyer, an MBA graduate from BIM, swiftly takes the reader on a journey through Buffett’s successful business life, as one reads through the pages.
The article begins with describing a humble background that Buffett has in common with the vast majority of mankind. His birth in the town of Omaha, Nebraska, USA, and his first income tax return at the age of 13, deducting his bicycle as a work expense for $35. The most important feature of the article, if one might observe, is the way the author delicately places quotations at the right places of the article, to describe a certain event or phase in Buffett’s life.
It then describes each value and principle that characterized Buffett as a potential entrepreneur, as he slowly drifted away from being a common man, to being what he is – a man with the ‘Midas touch’. The most noteworthy of all principles Buffett adopted, during his pursuit for success is “value investing” – Buffett’s investment principle – an ability to look at the inherent value of every company he decides to invest in. As the Oracle himself quotes “the investor of today does not profit from yesterday’s growth”.
The article in its last words supports an underlying code of ethical conduct and belief in ones own values, which supplemented Buffett’s quest for success. Buffett’s words - “I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing” – supports both his core values, and his decision to donate 99 percent of his wealth to charity. One sure can draw a great deal of inspiration from this legend our world has delivered.

The Broken "WALL"

Background

The WALL is collapsing! Not the Berlin WALL again but the NYSE with its new lows for over a decade collapsed not the WALL STREET alone but the entire global economy. With the Housing and Mortgage tensions heating up the finance houses turning them bankrupt losing investors’ confidence, axing out jobs, churned securities market and the consequences getting worse.

The Ripple Effect

The failure of the Housing and Mortgage sector was never a big problem until Freddie Mac and Fannie Mae; US’ largest housing finance providers filed bankruptcy. Not many days it took for the other US giants to follow “2 F’s”, as an initiative, the jobs were cut and the loss being broadcasted on the news dragged the share prices to the rock bottom and finally, Lehman Brothers filed bankruptcy with $3.9 Billion and later joined, JPMorgan Chase, Merrill Lynch, Morgan Stanley, AIG, Wachovia, GM, Bear Stearns and the list grows.

The government’s rescue aid as Merrill Lynch’s acquisition by Bank of America, Lehman turned bankrupt, AIG being nationalised with 80% government stake, $200 Billion financial aid to Freddie Mac and Fannie Mae together, but the situation getting worse and a $50 Billion aid to automakers is on the America’s card.
The crisis ruined the European and the Asian securities markets making them lose trillions of dollars each day. The global fuel demand has dipped with crude quoting below $89 a barrel and the currency values going up and Rupee nearing 50 a dollar.



Sceptic Conclusion

The question arises; these bankrupts own assets worth trillions of dollars, with diversified products and business around the world, are they so vulnerable with their bottom-line to manage the $3.9 Billion deficit and these organizations are “too big to fail” in business.
As the conclusion, “this is not a global recession, but a movement towards stagnation”, describes economists.

Rotten politics

How inhumane those uncultured politicians
The destruction of the churches in Karnataka is very painful but blaming hindu groups like Bajrang Dal is so stupid.
Mind it, christians are religious terrorists, they do convert poor people into christians by providing them food and money and by blaming hindu and muslim gods

In my personal opinion, i have seen christians converting hindus and muslims into christians in many places in shimoga, Bangalore, chikmagalur, udupi, hassan and in many places.

In Bangalore, on independence day, a christian school in its independence day speech told, " our jesus is the supreme soul, believe in him, what did your stone god give, come, we will give you food, money and shelter. Believe only in jesus. "
What will those uncultured politicians say to this.

Mind this, during Ganapathi festival in many places idols of lord Ganapathi were destroyed, many innocent hindus were killed in kashmir over amarnath issue, a hindu saint was killed in orissa, but politicians supported christians and did not even care to say even a single word about the cold blooded murder of the saint , why didnt those politicians say even a single word and they want Bajrang Dal to be banned.

I feel, these politicians are agents of christianity and are even ready to sell themselves.

People, we should ban these politicians

Work for nation
Be united
We are all one
We are all Indians
We respect christianity but not conversion of hindus and muslims into christians

Live and let live

Tesco plans to go Green

Tesco’s latest corporate responsibility review outlines the key aims of the born-again supermarket. These include adopting a number of measures to become climate-friendly. They have landmark plans, such as building renewables on-site, launching a £100 million climate technologies fund, and carbon labelling goods in store.
Tesco’s new climate friendly policies not only give the supermarket a new look, they also fall neatly in line with recently announced plans by the UK government to include supermarkets in the emissions trading scheme and encourage a carbon labelling scheme into place, which may one day be mandatory. Alongside this sits planned EU legislation to ban HFC fridges.
Tesco outlined goals like cutting energy use by 50% per square foot, investing £500 million into green renovations and research, £100 million to researching and developing low-carbon technologies and £5 million will be used to launch Tesco’s new Institute for Sustainable Consumption.
Climate Change Corp. seems a bit skeptical about these ambitious plans, especially considering they are happening in the wake of huge Tesco expansions.

Wal-Mart keeping close eye on Tesco's U.S. stores

Wal-Mart is very much concerned about Tesco’s Fresh & Easy Neighborhood Market stores opened in the United States last year, its chief merchandising officer said on Monday.
"We have people in those stores every day, every week," said John Fleming, speaking at a Bank of America conference, of Fresh & Easy. "We continue to monitor the progress that they make."
Tesco entered the U.S marketplace late last year, setting up Fresh & Easy Neighborhood Markets stores in California, Arizona and Nevada.
The smaller, convenience-sized stores seek to woo shoppers who are looking for ready-to-eat meals and fresh produce, and might not have time for a trip to a full-scale grocery store.
Wal-Mart is preparing the launch of its own small-format grocery stores in the Phoenix area. The stores, set to open this season end, will be called “Marketside” and feature prepared meals and perishable items.
Fleming, whose comments were broadcast over the Internet, said Wal-Mart is studying different store formats beyond its supercenters that combine a full grocery store with general merchandise. While Wal-Mart touts the supercenter's one-stop shopping convenience, the stores can be more than three times the size of a U.S. football field.
"Convenience is certainly a trend in the future," Fleming said.
Wal-Mart has remained tight-lipped about its plans for Marketside. In June, Eduardo Castro-Wright, head of Wal-Mart's U.S. division, said the Marketside stores would feature a smaller assortment than a traditional grocery store and focus on fresh goods.
He said Wal-Mart shoppers might shop at the company's large supercenters once a month and go to its grocery-based Neighborhood Markets once a week, but would use Marketside for quick trips to buy perishables.
Wal-Mart is planning out various other new store formats to defend itself from Tesco and also to retain its current customer base and also to extend it in the future.

THE BIG DEAL

The American government intervenes to console the investors.
Mr. Bush to the press on the recent US financial crisis speaks just moments ago

"The US financial crisis wil be soon resolved.
The American government is taking extraordinary measures to stabilize the market and improve the investor confidence.
The Federal Reserves are trying out plans to solve the issue and is studying the reasons for Freddie Mac and Fannie Mae's failure in the housing financial sector.
Also, we are working on the issues of Lehman Brothers, Morgan Stanley, AIG, Goldman Sachs. We are studying its balance sheets and will resolve this financial crisis. "

However, the US government is optimist on the current financial crisis but the Congress and US financial secretary is still expecting the worst situations to come ahead.

The good thing is, "Indian banking sector is safe ", says finance minister Mr. Chidambaram to the press early this morning.

The catastrophes of this huge financial crisis will take its own turn in the coming days.