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Success lessons from the founders of Google
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Jitendra Kumar Gupta
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E veryone knows the success story of Google. Its co-founders Larry Page and Sergey Brin are considered to be the best minds with outstanding business capabilities who built the world’s most valuable company. The mantra of their success and lessons they offer are equally useful. Here is what I learned reading about them. • One doesn’t need formal education to be successful. Just take advice and learn from successful people. • Think big; Think long-term. Google is a by-product of big-picture thinking and a long-term vision. Many products and solutions that Google offers today, or will be offering in future, were merely imaginary or impossible when they were conceived. In the backyards of Google, the teams were working on many of these futuristic ideas, thinking big with a long-term vision. • Believe in your idea even though you may not have the resources. The biggest success stories in the world such as Google, Amazon and Microsoft started in a garage. Success will ev...
Knowledge Compounding: Graham was wrong ! Markets are slaves of entertainment
By
Jitendra Kumar Gupta
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T hese days most people are not interested in owning businesses; a basic premise Benjamin Graham argued for successful investing. Forget business, the "me too" crowd has coveted earnings per share for entertainment per share. That earnings is missing from the denominator (CMP/EPS = PE), and as a result, what we see today is a price-to-entertainment ratio (PE). Jokes apart, stock market is not for entertainment. Stock market is too costly affair for the entertainment, instead, If you are looking for excitement, go to any casino, horse racing. Chasing to buy next winner, buying hot stocks, playing momentum, trying to make quick money might entertain you but would serve no other meaningful purpose. Paul Samuelson once wrote - "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." Keynesian Beauty Contest Benjamin Graham used the analo...
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