“limited words, unlimited thoughts”


Boundaryless……….
April 16, 2007, 6:57 am
Filed under: Rhyme & Rythm

 

For you on me have cast a spell
And took me out from the shell

For in the ruins had I been
The world love to me did not mean

The days I remember when we were together
It seemed that time it will go on forever

For I never for a moment thought
The time would come when we would depart

Yet now I think when we are apart
I feel that we are closer from heart

For if ever for a moment I thought
That are you the woman I have always sought?

For now I know beyond any doubt
That you are the person I cant be without

For you are my dream beauty personified
An artists dream for thousands envy

I think of you hair so Hazel so Blonde
I think of your lips of which I am so fond

For now my love it wont be long
When we would meet and be all along

I saw my friend who were completely shattered
Where distance killed relationship scattered

“Distance Kills” to my self I said
It would happen to us I was always afraid

And then who else could prove me wrong
Where the bond between has only grown strong

And now I wait wanting you more than ever
To see the outcome of this new endeavor

The burning candle the cracking fire
I feel the same depended desire

I want to hold you in my arms
I want to take you to a dance

I want to scream and sing a song
Make love to you all night long

For one thing I know and one thing is true
That never in my life there would be another you

The words to express right now I find few
I bend on my knees and say “I Love You”

For you with your love my heart you’ve touched
I sincerely tell you thank you very much



Book Review – How to think like a bllionaire (by Donald Trump)
April 14, 2007, 5:25 pm
Filed under: Uncategorized

If you thought that Trump was entertaining while he is talking wait till you get your hands onto his book “how to think like a billionaire.” Trump talks about the qualities that make a billionaire, right from soft skills, to instincts, to behaving like one, dressing up like one and finally thinking like one too.  

He talks about the billionaire club and how does it feel being a part of one and what one needs to do to get there. The book is in narrative form so it seems as if he is talking to you. He gives advises on all aspects of life like business, success, money, marriage & on life itself.  

He gives a sneak peak into his day to day life through his business diary and appointments that span the whole week. In this he talks a lot about his meetings, people he is associating with, he is open and honest & praises and criticizes, and yes talks a lot about his gorgeous fiancée Melania.  

He also gives behind the scenes activity of his super hit show The Apprentice and talks about how he feels doing it, what it takes to be one, qualities that he looks for in his apprentice as well as the tasks that the candidates have to go through.  

Donald J Trump is a showman and he is an entertainer, he is loud in what ever he does and loves all the media attention. He doesn’t miss any opportunity of praising him self and about his accomplishments. His is rich and he loves to flaunt his affluences. But he is strong and practical, he talks about what it takes to reach to the top, fall from there(as he did in early 90’s when he was billions of dollars in debt and the media and bankers had written him off and called him a fraud) and then come back bigger and better than ever. Donald J Trump is a developer, an author, an entertainer, a television celebrity, motivational speaker, an American hero, a workaholic and above all a person who loves saying the two most dreaded words “Your Fired.”



Always Be Closing
April 14, 2007, 5:10 pm
Filed under: Uncategorized

It has been rightly said in the movie Glengarry Glen Ross, ABC, which means Always Be closing, you can see shades of that in Boiler Room as well. What I am referring to is none other than the age old practise of persuasion, but in a different connotation. Yes!! You guessed it right. It is indeed powerful persuasion. I have been in sales for more than four years now and have worked in different environments in more than one country. It hasn’t always been an easy ride nor has it been a claim to fame. But so far I have loved the challenge and the thought of being a revenue generator for my organization. The reason I am writing this is just to share a bit of give and take of sales. Be it any company that you are working for and any product that you are selling, provided you are working in a company that works and operates in today’s world of competitiveness, what I have observed is that a Sales Culture would have the most non-humanitarian approach to its employees. I mean the way the managers drive work out of the people is almost unbelievable. Delivery is a must and should happen in all conditions. One eats drinks and sleeps “dhanda” Sometimes the pressure is almost suicidal.

Sales is by far the most ruthless department to work for, but that is where the risk return trade-off happens, cause it is also the most rewarding one. In my previous organization without naming it an average sales guy would take home almost as much as his manager and the “stars” would get away with a sum comparable to a VP’s monthly basic. But all of this certainly does not come for free. First of all it’s a shameless approach. There are early morning hurdles whereby your boss takes you for a ride and by the time you are done you realize there are no clothes left on you. There are comparisons done and if you are on the wrong side of the numbers you feel like an ass boring all the brunt. It’s a quantitative game and the language is “numbers.” So even if you have done well you still haven’t done all that well. And for the performers also the euphoria doesn’t seem to last long. One months worth of blood and sweat ends up with hearing “Well, I feel you could have done better.” Another feature of sales is that it starts with zero every time so no matter how much you would have cracked, next month you are back to square one. So even if you pulled up a terrific job last month you boss says, “That’s history, tell me about today”. The maximum burnout also happens in sales. And it also has the highest employee turnover ratio.

You get the feeling of being sandwiched between your boss and the client. In retail business there are daily wars to be won. Each day is a new challenge. Each month is a new puzzle. And when the pressure is intense then a client meeting is like having sex, with the orgasm being the client signing “The Dotted Line”. In front of the client a salesman is like a joker who does his tricks to entertain the client. He is like a dog waiting for his cheque (bone). And all this makes sales even more exhilarating. And it uplifts the role and the value of a salesman. Its sales that drives the business. The engine that feeds revenue into the franchise. The department that justifies salaries for all others working in a support function. The Blood-Line of a corporation. So even if you have to face the wrath of your boss, or the “cock-and-bull story” of your client or face signs like “Dogs and salesmen not allowed” you still walk away head high with the feeling of being the “money maker.” But remember the three most important words for a salesman Always Be Closing.
-by Amit S Mehta



Into the equity jungle – Part I
April 14, 2007, 5:04 pm
Filed under: Uncategorized

The stock market in
India has become a Macchi Bazaar, and just about anyone and everyone has become a self proclaimed expert. Even you paanwala cannot resist throwing in a couple of tips as he is half way through his banarasi with kacchi supari. And the Ramanbhai and Parasmal of yesteryears pride them selves for being stake holders of Reliance(even though holding less than 0.01% of shares) Share bazzar fever is just so much around that even I see me watchman eating bhelpuri wrapped in market & analysis page of economic times. The question is what is the best way then to go about picking the right companies. Here are a few points :
 

Advise is free, that’s why there is no free lunch : A famous book by David Smith talks about the concept that there exist no free lunch. In the scenario that everyone is giving free tips almost no one has a clue as to why are they saying what they are saying, so don’t buy all whatever you hear.  

If trend is your friend then you don’t need an enemy : Investing in a trend is like playing with a double edged sword. The euphoria created around it doesn’t seem to last long. And you soon realize that the circuit breakers are now breaking your andhrooni circuit. Playing with trend is riding a bus running on two tyres. You are walking a rope with is a thin dividing line between Diwali & Diwala.   

Don’t be a cattle, don’t follow the herd : One of the most important lessons taught while you are learning driving is “If you ever get lost then just follow the cars.” doesn’t quite seem to work in the market scenario. So it is better to make you own judgments about picking stocks. Do your own independent research and have concrete ideas about your expectations from the company and the business. Its just like in Formula1 if everyone is betting on Alonso would you also seeing others bet on him? 

Key to the company is the management : Once again human capital ranks above all. In the age of homogenous technologies the differentiating factor is people. What kind of values and ethics does the management show? Transparency levels with the shareholders. Competence and business acumen of the people running the business.  

Don’t chase the bygones : On countless occasion we see the phrase being used “past performance is not a guarantee of future performance” holds true always. A company’s ability to generate revenue in the past may or may not continue in the future. With changing times & scenarios companies and industries also go through a cycle and may fade out. But a company with greater adaptability and flexibility to embrace changes will come out as a winner.  

Understand the business : How many of us actually understand the business that we are investing into. For example how many of us really know the Indian industry share of kela silk(polyster) and the future outlook of it. Or the refining and petroleum market and its fundamentals. Do we really care to get insights into this before picking stocks like Reliance or ONGC or any other. Treat a company as if its your own business that you are investing into. More importantly know and understand the revenue and business models of the company and its implications.  

Too much diversification is not the solution : The greatest investor of all times Warren Buffet has said that there are just six companies that have made all the difference for him(for more details refer to Berkshire Hathaway’s 1971 annual report)  So the point is that piling up stocks with the view of diversification doesn’t work. Its not a quantity game its quality that matters. Pick companies with a view of holding onto them for life.   

Of course there are several other reason, such as the ability of the company to generate cash flows, getting a bargain compared to the companies intrinsic value, decent returns on capital employed, companies ability to allocate capital (choosing whether to distribute dividends or retain earnings).  What finally I would like to say is that stock picking is a very scientific approach. It is more about being right than being lucky. So put on you analytical hats and get your fundamentals right and you will realize how pleasant is the sound of dollars ticking in you bank account.  

(Few of the strategies mentioned has been inspired by investment related articles and books of Warren Buffet & Benjamin Graham) 

 



Hello there!!!!! What do we have in here???
April 14, 2007, 4:15 pm
Filed under: Uncategorized

Hi,Welcome to my Blog. Here you would find articles written by me and few of my friends. My areas of writing are Behavioral Finance, Sales, Branding, Markets & Economics of the Markets. The theme of my blog is “limited words, unlimited thoughts.”