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WhatILearntFrom

What I learnt from Amitabh Bachchan

This post is in continuation of my What I Learnt from Series (see here)

Amitabh Bachchan is one of India’s greatest film stars and has millions of fans.His financial life  has been fairly fascinating and he has gone from being broke to being India’s top taxpayers to being broke and to again being India’s top taxpayers.

What I learnt from him: In a ever populous and growing country like India, it is more beneficial to own property for a long period (25/30 years) instead of flipping it in a short period (2/3 years) for quick gains.

In his blog, he writes about a property in Lonavala (near Mumbai) where the famous hotel Fariyas stands: “Fariyas – the resort built on land where once we had purchased a cottage for Rs 20,000 way back in the 70′s and realizing that it was a waste of time and energy and money to invest in a house here, sold it off at a tremendous profit for a lakh of rupees and thought we had done a great deal. Today this sprawling property would be worth hundreds of crores !! Story of my life !!”

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WhatILearntFrom

What I learnt from DLF’s K P Singh

This post is in continuation of my What I Learnt from series (see here)

KP Singh is the Chairman and CEO of DLF Ltd, India’s largest real estate company.

 

What I learnt from him:You can prosper in business only if your partners and associates prosper along with you.

In his book “Whatever the Odds“, K P Singh writes “What we achieved at DLF is a miracle in business terms.DLF had no money when it started.More interestingly,ordinary farmers ended up financing DLF to take it to being a leader in its field.I remembered my father-in-law’s philosophy while dealing with farmers:’When you do business with someone they also should prosper with you.If this is a part of your business philosophy and practice, partners will do anything for you.’

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WhatILearntFrom

What I learnt from Bernard Baruch

This post is in continuation of my What I Learned From series (see here)

Bernard Baruch was an American investor,speculator and financier who amassed a fortune trading in the American stock markets.

 

What I learnt from him: One of his most famous quotes is:Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.

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WhatILearntFrom

What I learnt from R GopalaKrishnan

This post is in continuation of my What I Learnt From series (see here)

R.Gopalakrishnan is a Director of Tata Sons and is well known in Indian Corporate circles.

What I learnt from him:One of the best investments one can make is not in equities, real estate or gold etc but in one’s own health.He writes “Upon arrival in Mumbai for my first job with HLL, my first expenditure was on a membership of the Bombay Gymkhana. The entrance fee at Rs 250 was about half of my monthly take home pay! The club membership took precedence over the purchase of a motor cycle, music system or occasional fine dining .”

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WhatILearntFrom

What I learnt from Ben Graham

This post is in continuation of my What I Learnt From series (see here)

Ben Graham is the father of Security Analysis and Warren Buffett considers him his Guru.He is one of my personal intellectual heroes and I admire him greatly.

What I learnt:

In his memoirs, Ben Graham writes “Several decades were to pass , and many vicissitudes to be undergone, before I could master the simplest and most important of all the rules of material welfare:The most brilliant financial strategy consists of living well within one’s means