Source:Ben Carlson
Source:Ben Carlson
Category: Anecdotes
from the book 100 to 1 in the Stock Market
We’ve been at the WSJ’s tech conference all week.
All week, everywhere you looked, there was Rupert Murdoch, the 83-year-old chairman of News Corp, the Journal’s parent company.
Finally, as the conference closed today, we cornered Murdoch as he was leaving a the show’s final session.
We asked him, after all the money he’s made, prestige and power he’s accumulated: Why is he still working?
He gave a one word answer: “Curiosity.”
We pressed him.
He said, “You’ve got to look to the future. You can’t look back.”-from BI
In 1970,Rajesh Khanna bought a bungalow in Mumbai for 3.5 Lakhs.
Fourty Four years later, in 2014, his legal heirs sold the property for 85 Crores.
This translates to a annual compounded gain of ~ 19.5%
Just goes to show that realty is a great investment in India over long time frames.
One of Dhirubhai Ambani’s sayings was “‘Money lost can be earned again, but lost time is lost forever.”
He truly lived by that as this anecdote shows:
V G Siddhartha of Cafe Coffee Day recounts the time he was in Mumbai and used to work in Tulsiani Chambers, Nariman Point, where Dhirubhai Ambani also had an office. “There was just one lift in the building which was mostly occupied. Every day at 9:30 a.m., Dhirubhai would climb up four floors in a suit and tie because he didn’t want to waste time waiting for the lift. And I used to wonder why the rest of us couldn’t do that.”–from Forbes