Category: Anecdotes

Price & Value

An amusing anecdote from circa 1928:

On this occasion,the Texan had just sold a customer twenty shares of Guarantee Trust Company stock at $760 a share at a moment when it could have been purchased anywhere else at $730.

The customer,the big sore-head,had just found this out,and had called back with a view towards remonstrance.

The Texan cut him short.”Suh”, he boomed, “you-all don’t appreciate what the policy of this firm is.This-heah firm selects investments foh its clients not on a basis of Price, but of Value !” – from Where are the Customers’ Yachts?

Anecdotes

PMJanDhanYojana: A banker’s experience

Post author By Raoji
Post date April 23, 2015
2 Comments on PMJanDhanYojana: A banker’s experience

Source:Debashis Basu

Anecdotes

What does that mean for God?

Post author By Raoji
Post date April 13, 2015
No Comments on What does that mean for God?

In 2010, Ali al-Naimi, Saudi Arabia’s petroleum minister and the world’s de facto energy czar escorted Chu to visit King Abdullah at his palace in the desert oasis of Rawdhat Khuraim. The elderly monarch was in a philosophical mood and took the opportunity to pose a few questions to the Nobel laureate physicist, says US Ambassador Smith, who went along for the visit.

“Tell me how the universe was formed,” the king asked, in Smith’s recounting. Chu patiently laid out the story of the Big Bang theory. “What does that mean for God?” the monarch said. Chu and Smith conferred for a moment on an appropriate, diplomatic response. “There are some things we know, and for other things, we have God,” Chu replied.-from NYTimes

Anecdotes

What your eating preference says about your risk appetite

Post author By Raoji
Post date February 17, 2015
No Comments on What your eating preference says about your risk appetite

Marshall Weinberg of the brokerage firm of Gruntal & Co told about going to lunch with Buffett in Manhattan:

“He had an exceptional ham-and-cheese sandwich.A few days later,we were going out again.He said, ‘Let’s go back to that restaurant.’ I said, ‘But we were just there.’He said, ‘Precisely.Why take a risk with another place?We know exactly what we’re going to get.’

That”, said Weinberg, “is what Warren looks for in stocks,too.He only invests in companies where the odds are great that they will not disappoint”