Categories
Quotes

The pompous Mr.Narayana Murthy

“Almost all inventions such as cars, electric bulb, radio, television, computers, Internet, wifi, MRI, laser, robots and many other gadgets and technology happened thanks to the research by Western Universities.

On the other hand, let us pause and ask what the contributions of Indian institutions of higher learning, particularly IISc and IITs, have been over the last sixty-plus years to make our society and the world a better place? Is there one invention from India that has become a household name in the globe? Is there one technology that has transformed the productivity of global corporations? Is there one idea that has lead to an earth shaking invention to delight global citizens?

Folks, the reality is that there is no such contribution from India in the last 60. The only two ideas that have transformed the productivity of global corporations-The Global Delivery Model and the 24-hours workday-came from the company called Infosys.”-said Mr.Narayana Murthy

Categories
Quotes

Fund Manager Speak-Chinese Style

Categories
Quotes

Gerald Loeb on profiting in the stock market

Source: Value Propositions

Categories
Quotes

I No Longer…

Source:Atiya Zaidi

Categories
Quotes

Howard Marks: Why the market went up

 “We watch TV,listen to radio or read newspapers.I’m always amused when the pundits say , “stocks went up today because several companies beat analyst’s earning forecasts” or “the market dropped because of increased uncertainty regarding the price of oil.”How do they know?Where do buyers and sellers register their motivations ,such that the media can discern them so definitely?

There’s only one indisputable explanation for why the market went up on a given day:there were more buyers than sellers.When buyers have greater influence in the market than sellers -because would-be buyers predominate relative to sellers;buyers feel more urgency than sellers;or buyers want to buy more shares than sellers want to sell-prices rise.Under those circumstances,sellers enjoy great liquidity and buyers have to pay a premium over prior prices.”-wrote Howard Marks