* Winning isn't everything. But wanting to win is.
* You would achieve more, if you don't mind who gets the credit.
* When everything else is lost, the future still remains.
* Don't fight too much. Or the enemy would know your art of war.
* The only job you start at the top is when you dig a grave.
* If you don't stand for something, you'll fall for everything.
* If you do little things well, you'll do big ones better.
* Only thing that comes to you without effort is old age.
* You won't get a second chance to make the first impression.
* Only those who do nothing do not make mistakes.
* Never take a problem to your boss unless you have a solution.
* If you are not failing you're not taking enough risks.
* Don't try to get rid of bad temper by losing it.
* If at first you don't succeed, skydiving is not for you.
* Those who don't make mistakes usually don't make anything
* There are two kinds of failures. Those who think and never do, and those who do and never think.
* Pick battles big enough to matter, small enough to win.
* All progress has resulted from unpopular decisions.
* Change your thoughts and you change your world.
* Understanding proves intelligence, not the speed of the learning.
* There are two kinds of fools in this world. Those who give advise and those who don't take it.
* The best way to kill an idea is to take it to a meeting.
* Management is doing things right. Leadership is doing the right things.
* Friendship founded on business is always better than business founded on friendship.
Monday, March 30, 2009
Principles of life
Thursday, March 19, 2009
Look at the other side
There is always the other side to whatever you experience in this world. Whenever you come across a challenge or a puzzling situation, look at the other side... You will be surprised to see an easy way to tackle the problem.
Friday, March 13, 2009
10 Ways to Start Living Your Life
By: Liz Strauss
2. Define what living means to you. It's not as hard as it sounds. Just picture yourself at the end of your life looking back. What words Would you want to describe how you lived your life and who you are as A person?
3. Stop living in the future. Every time you think "someday" or "when I have time I will," stop. Ask yourself, "Why not now?" Think about This sentence, "I always wanted to, but never did." Start doing the Things you always planned to do. Choose your life every morning. Plan
One thing you will do that day to feel alive.
4. Surround yourself with people who enjoy living. They've obviously Discovered how to have a life and live it. Why not hang with the pros?
5. Lay down your pain and your anger. Carrying them around makes Living harder and less fun. It doesn't bring anything, and it steals a Lot.
6. Let the losers win. Don't argue about things that you don't care About. Unless there's some real threat, let the folks who have Something to prove, prove what they need to. Why waste your living Time trying to fix what's wrong with them?
7. Create energy. Jump to forgiveness and love, then figure things Out. Most conclusions we jump to are not only wrong, they're negative. Negative conclusions lead us to prepare a defence. Being on the Defensive isn't living. It's hiding from life.
8. Learn the physical symptoms of when your head and heart become Disconnected. We know when we're having a knee jerk reaction, when We're feeling sorry for ourselves, and when we're being blind to people's feelings. We can remember how it felt physically while we Were behaving badly. Get to know those symptoms, and you can stop the Behavior. Living life will feel a whole lot safer because you won't be In danger of shooting yourself in the foot.
9. Take small risks that push your boundaries in every way. The joy of Life is packed in learning that matches our skill set. When we stretch Just a bit intellectually, physically, emotionally, we grow. Living is Growing. Even your cells know that.
10. Value and protect the people and the places you care about. A job Isn't a life. It's just a part of one. Let the people you care about Come first, and let everyone know that you do. Re-read numbers 1 and 2.
We come into life with whatever we've got. It's ours to do with. It Took me a while to figure that out ? That my life isn't just what Happens to me, that I could take hold of it.
Tuesday, March 10, 2009
What is Recession?
He was smart enough to offer some attractive schemes to increase his sales. His sales and profit went up. He ordered more a more raw material and buns and sold more. He recruited more supporting staff to serve more customers. He started offering home deliveries. Eventually he got himself a bigger and 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 situation is even worse. We should be prepared for the coming bad times."
The man thought that since his son had been to college, read the papers, listened to the radio and watched TV. He ought to know and his advice should not be taken lightly. So the next day onwards, the father cut down the his raw material order and buns, took down the colorful signboard, removed all the special schemes he was offering to the customers and was no longer as enthusiastic. He reduced his staff strength by giving layoffs. Very soon, fewer and fewer people bothered to stop at his Hotdog stand. And his sales started coming down rapidly and so did the profit. The father said to his son, "Son, you were right". "We are in the middle of a recession and crisis. I am glad you warned me ahead of time."
Moral of the Story:
Bankruptcy Explained
Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.
1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar.
2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.
* The net asset of the country now = 3 dollars.
3) Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up. So, he borrowed 1 dollar from A, and together with his own 1 dollar, he bought the land from B for 2 dollars.
*A has a loan to C of 1 dollar, so his net asset is 1 dollar.
* B sold his land and got 2 dollars, so his net asset is 2 dollars.
* C owned the piece of land worth 2 dollars but with his 1 dollar debt to A, his net residual asset is 1 dollar.
* Thus, the net asset of the country = 4 dollars.
4) A saw that the land he once owned has risen in value. He regretted having sold it. Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollars from B and acquired the land back from C for 3 dollars. The payment is by 2 dollars cash (which he borrowed) and cancellation of the 1 dollar loan to C. As a result, A now owned a piece of land that is worth 3 dollars. But since he owed B 2 dollars, his net asset is 1 dollar.
* B loaned 2 dollars to A. So his net asset is 2 dollars.
* C now has the 2 coins. His net asset is also 2 dollars.
* The net asset of the country = 5 dollars. A bubble is building up.
(5) B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollars. The payment is by borrowing 2 dollars from C, and cancellation of his 2 dollars loan to A.
* As a result, A has got his debt cleared and he got the 2 coins. His net asset is 2 dollars.
* B owned a piece of land that is worth 4 dollars, but since he has a debt of 2 dollars with C, his net Asset is 2 dollars.
* C loaned 2 dollars to B, so his net asset is 2 dollars.
* The net asset of the country = 6 dollars; even though, the country has only one piece of land and 2 Dollars in circulation.
(6) Everybody has made money and everybody felt happy and prosperous.
(7) One day an evil wind blew, and an evil thought came to C's mind. "Hey, what if the land price stop going up, how could B repay my loan. There is only 2 dollars in circulation, and, I think after all the land that B owns is worth at most only 1 dollar, and no more."
(8) A also thought the same way.
(9) Nobody wanted to buy land anymore.
* So, in the end, A owns the 2 dollar coins, his net asset is 2 dollars.
* B owed C 2 dollars and the land he owned which he thought worth 4 dollars is now 1 dollar. So his net asset is only 1 dollar.
* C has a loan of 2 dollars to B. But it is a bad debt. Although his net asset is still 2 dollars, his Heart is palpitating.
* The net asset of the country = 3 dollars again.
(10) So, who has stolen the 3 dollars from the country ? Of course, before the bubble burst B thought his land was worth 4 dollars. Actually, right before the collapse, the net asset of the country was 6 dollars on paper. B's net asset is still 2 dollars, his heart is palpitating.
(11) B had no choice but to declare bankruptcy. C as to relinquish his 2 dollars bad debt to B, but in return he acquired the land which is worth 1 dollar now.
* A owns the 2 coins, his net asset is 2 dollars.
* B is bankrupt, his net asset is 0 dollar. ( he lost everything )
* C got no choice but end up with a land worth only 1 dollar
* The net asset of the country = 3 dollars.
************ **End of the story; BUT ************ ********* ******
There is however a redistribution of wealth.
A is the winner, B is the loser, C is lucky that he is spared.
A few points worth noting -
(1) When a bubble is building up, the debt of individuals to one another in a country is also building up.
(2) This story of the island is a closed system whereby there is no other country and hence no foreign debt. The worth of the asset can only be calculated using the island's own currency. Hence, there is no net loss.
(3) An over-damped system is assumed when the bubble burst, meaning the land's value did not go down to below 1 dollar.
(4) When the bubble burst, the fellow with cash is the winner. The fellows having the land or extending loan to others are the losers. The asset could shrink or in worst case, they go bankrupt.
(5) If there is another citizen D either holding a dollar or another piece of land but refrains from taking part in the game, he will neither win nor lose. But he will see the value of his money or land go up and down like a see saw.
(6) When the bubble was in the growing phase, everybody made money.
(7) If you are smart and know that you are living in a growing bubble, it is worthwhile to borrow money (like A ) and take part in the game. But you must know when you should change everything back to cash.
(8) As in the case of land, the above phenomenon applies to stocks as well.
(9) The actual worth of land or stocks depend largely on psychology (or speculation).
This is the current market & Industry situation we are suffering from.
Sent by: Ajeeth
Tuesday, March 3, 2009
Winning Horse
Winning Horse doesn't know why he runs in race; He runs because of beats and pains....
Life is a race; God is your rider; so if you are in pain then think, God wants you to win...