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Sunday, 1. May 2011 - 14:29 Uhr
Warren Buffett - Considered to be one of the most successful stock market investors of all time, and one of the richest men in the world.
Warren Buffett’s determination and creativity has made him the success story he is today. He is chairman of an investment company which has more than $2 billion in holdings and is also the 2nd richest man in the world.
Warren Edward Buffett was born in 1930 in Omaha, Nebraska. At an early age warren displayed an aptitude for money and business along with an amazing ability to calculate numbers off the top of his head. He was an enthusiastic paper boy for the Washington Post, often covering more than one paper route at the same time. Warren’s interest in money and finance started showing early, and by the age of 11 he was playing the stock market.
Warren purchased three shares of Cities Service at $38 a share for himself and his older sister. Although the stock fell to just over $27 he held his shares until they rebounded to $40, unfortunately selling them before they climbed to $200. The experience taught him one of the basic lessons of investing: patience is a virtue.
In 1947 at the age of 17 he graduated from High School and while he never intended to go to college his father urged him to attend the Wharton Business School. Buffett lasted two years, claiming he knew more than his professors. Warren moved back home and transferred to the University of Nebraska. Even while working full-time, he graduated in only three years with a Bachelor of Science degree, and went on to be rejected by Harvard Business School because he was to young. He completed a master’s in economics at Columbia University where he meet Ben Graham a lecturer and famed investor.
Warren worked for his father who owed an investment banking company for the next three years during which he meet Susie Thompson and in 1952 they were married and had three children together. Warren didn’t have a lot of money at this point until he was asked by Ben Graham to join his company as a security analyst, which he did and by 1956 his fortune rose to $140,000.
In 1956 at the age of twenty five, Warren started his own investment company, the Buffett Partnership, using a small amount of his own funds and collecting around $100,000 from partners and family he managed to increase his capitol to $300,000 by the years end. One of the companies Warren invested in during his role as managing partner of the Buffett Partnership was a textile company called Berkshire Hathaway.
Berkshire Hathaway was eventually liquidated but the name was kept and turned into an investment business. Its main interest was with insurance, which added considerable cash flow for future investments. He liquidated the Buffett partnership in 1969, and spent the remainder of the year liquidating its portfolio.
Warren became chairman of the board and chief executive officer for Berkshire Hathaway in which he remains today. Berkshire Hathaway now owns more than forty companies employing more than 150,000 people.
In 1977 Warren and Susan separated but never divorced, She was also a significant stockholder in Berkshire Hathaway and a board member as well. Susan Buffett died in 2004, and Warren now lives with companion Astrid Menks whom he meet through his wife.
Warren Buffett is also a generous and charitable philanthropist, having started the Buffett Foundation which he donates more than $12 million a year to. On his death he plans to disburse 99% of his wealth to good causes through the Buffett foundation.
In 2005, Forbes magazine estimated Warren Buffett's wealth to be $44 billion.
Tuesday, 26. April 2011 - 18:47 Uhr
- Seek money for money’s sake and ye shall not find = the RMITs believe that you must first create substantial value — products or services that enhance people’s lives — before the money will flow from any commercial enterprise.
- Find your perfect pitch = the RMITs know who they are, what makes them tick, and have mastered the difficult task of deciphering their greatest talents and abilities
- Be your own boss = if you hire yourself, you control your own life’s directions
- Get addicted to ambition = while there is no denying that hard work, dedication and diligence play an important role in reaching the American dream, you need to have the desire and will to be the richest man or woman in town.
- Wake up early – be early = risk only increases with age, so RMITs concur that you’ve got less to risk when you start young, plus you have more time and essential energy to get it done.
- Don’t set goals – execute or be executed = goals are important and ideas are essential to success , but RMITs knows that wealth creation require a far more essential ingredient: execution. Success depends on the execution — on the ability to get things done.
- Fail to succeed = the only way to succeed is to have the courage to fail. The greatest commonality among RMITs is the willingness to face failure and the resilience to pick themselves up
- Location doesn’t matter = most RMITs make their fortunes in places they know best, proving that success can take place anywhere an everywhere.
- Moor yourself to morals = fortunes without a moral foundation are nothing more than mirages destined to disappear faster than they were created
- Say yes to sales = great wealth creation requires great selling skills. RMITs love to sell.
- Borrow from the best – and the worst = RMITs are eternal students, with an almost universal interest in reading biographies of other successful people. They strive to stay attuned to new ideas, new and better approaches to wealth creation.
- Never retire = RMITs believe that retirement is hazardous to their wealth , and even more important, hazardous to their health.
Tuesday, 26. April 2011 - 17:11 Uhr
DELL INSPIRON M5030:
The Dell Inspiron M5030 Laptop is a mid-range laptop suitable for every walk of life. The Dell Inspiron M5030 laptop deal combines excellent productivity features and great multimedia options with the power of Windows 7.
The main highlight of this laptop is the inclusion of the all new AMD V-Series processor which is AMDs answer to Intel’s Celeron II processors. The processor is designed to efficiently handle everyday computing tasks and handle all your multimedia needs without any problems.
The inclusion of an impressive LCD display and Radeon High Definition graphics processor clearly indicate that this laptop is particularly suitable for multimedia user.
Dell’s approach to M5030’s design is quite basic yet elegant, with a smooth black casing all over and well spaced out keyboard setting makes this laptop look practical yet attractive.
If you happen to have no special needs, such as running advanced graphic applications (Photoshop, 3D Max or Autocad) or memory intensive 3D games then this laptop has pretty much everything you would require from surfing the internet to producing documents and presentations.
Processor RAM & Hard Disk
Two options are available for this laptop, with a difference in both price and RAM , Check out the product differences and Price list at NEW LAPTOP link
The mediocre build and design quality is well compensated with the inclusion of 15.6″ WXGA LCD Widescreen Display, Integrated AMD Mobility Radeon HD 4250 graphics processor and a SuperMulti DVD±RW Optical Drive with Double Layer Support, that make this laptop a value deal for bargain seekers.
It pretty much carries all standard connectivity features, see full details by following the link New Laptops
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