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what we think is what we get..!!

What we think is what we get. Below is an extract from “The secret” which will help us to learn how this mechanism works and reveal the importance of ‘thoughts’ in our life.



“There is a thinking stuff from which all things are made, and which in its original state, permeates, penetrates, and fills the interspaces of the universe. A thought in this substance produces the thing that is imaged by the thought.


Man can form things in his thought and by impressing his thought upon formless substance can cause the thing he thinks about to be created.


In order to do this, man must pass from the competitive to the creative mind otherwise he cannot be in harmony of the formless intelligence which is always creative and never competitive.


Gratitude unifies the mind of man with the intelligence of substance so that man’s thoughts are received by the formless. Man can stay on the creative plane only by uniting himself with the formless intelligence through a deep and continuous feeling of gratitude for the blessings it bestows upon him and unwavering faith.


In order to receive what is rightfully his, man must be in action and he must do everyday all that can be done that day, taking care to perform every act successfully. He must give every man a use value in excess of the cash value he receives, so that each transaction produces more life and he must believe in advancing thought so that the impression of increase will be communicated to all people he comes in contact with….Man who follows this process can get all what he desires in his life….”

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The never say die attitude

In 1883, a creative engineer named John Roebling was inspired by an idea to build a spectacular bridge connecting New York with the Long Island. However bridge building experts throughout the world thought that this was an impossible feat and told Roebling to forget the idea. It just could not be done. It was not practical. It had never been done before.


Roebling could not ignore the vision he had in his mind of this bridge. He thought about it all the time and he knew deep in his heart that it could be done. He just had to share the dream with someone else. After much discussion and persuasion he managed to convince his son Washington, an upcoming engineer, that the bridge in fact could be built.


Working together for the first time, father and son developed concepts of how it could be accomplished and how the obstacles could be overcome. With great excitement and inspiration, and the headiness of a wild challenge before them, they hired their crew and began to build their dream bridge.


The project started well, but when it was only a few months underway a tragic accident on the site took the life of John Roebling. Washington was injured and left with a certain amount of brain damage, which resulted in him not being able to walk or talk or even move.
 


“We told them so.”
“Crazy men and their crazy dreams.”
“It`s foolish to chase wild visions.”


Everyone had a negative comment to make and felt that the project should be scrapped since the Roeblings were the only ones who knew how the bridge could be built. In spite of his handicap, Washington was never discouraged and still had a burning desire to complete the bridge and his mind was still as sharp as ever.


He tried to inspire and pass on his enthusiasm to some of his friends, but they were too daunted by the task. As he lay on his bed in his hospital room, with the sunlight streaming through the windows, a gentle breeze blew the flimsy white curtains apart and he was able to see the sky and the tops of the trees outside for just a moment.


It seemed that there was a message for him not to give up. Suddenly an idea hit him. All he could do was move one finger and he decided to make the best use of it. By moving this, he slowly developed a code of communication with his wife.


He touched his wife’s arm with that finger, indicating to her that he wanted her to call the engineers again. Then he used the same method of tapping her arm to tell the engineers what to do. It seemed foolish but the project was under way again.


For 13 years Washington tapped out his instructions with his finger on his wife’s arm, until the bridge was finally completed. Today the spectacular Brooklyn Bridge stands in all its glory as a tribute to the triumph of one man’s indomitable spirit and his determination not to be defeated by circumstances. It is also a tribute to the engineers and their team work, and to their faith in a man who was considered mad by half the world. It also stands as a tangible monument of love and devotion of his wife who for 13 long years patiently decoded the messages of her husband and told the engineers what to do.


Perhaps this is one of the best examples of a never-say-die attitude that overcomes a terrible physical handicap and achieves an impossible goal.


Often when we face obstacles in our day-to-day life, our hurdles seem very small in comparison to what many others have to face. The Brooklyn Bridge shows us that dreams that seem impossible can be realised with determination and persistence, no matter what the odds are.


Even the most distant dream can be realized with determination and persistence.


 


 

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God’s Hug

A young man was getting ready to graduate college. For many months he had admired a beautiful sports car in a dealer’s showroom, and knowing his father could well afford it, he told him that was all he wanted.


As Graduation Day approached, the young man awaited signs that his father had purchased the car. Finally, on the morning of his graduation his father called him into his private study. His father told him how proud he was to have such a fine son, and told him how much he loved him. He handed his son
a beautiful   wrapped gift box.

Curious, but somewhat disappointed the young man opened the box and found a lovely, leather-bound Bible. Angrily, he raised his voice at his father and said, “With all your money you give me a Bible?” and stormed out of the house, leaving the holy book.

Many years passed and the young man was very successful in business. He had a beautiful home and wonderful family, but realized his father was very old, and thought perhaps he should go to him. He had   not seen him since that graduation day. Before he could make arrangements, he received a telegram telling him his father had passed away, and willed all of his possessions to his son. He needed to come home immediately and take care of the things. When he arrived at his father’s house, sudden sadness and regret filled his heart.


He began to search his father’s important papers and saw the still new Bible, just as he had left it years ago. With tears, he opened the Bible and began to turn the pages. As he read those words, a car key dropped from an envelope taped behind the Bible. It had a tag with the dealer’s name, the same dealer who had the sports car he had desired. On the tag was the date of his graduation, and the words…PAID IN FULL.


How many times do we miss God’s blessings because they are not packaged the way we expected??

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Behavioural finance

BEHAVIOURAL FINANCE


HOW INVESTORS DECISIONS AFFECTS MARKET?


 


The equity markets all over the world were hammered badly due to the global recession of 2008. It was the time when many withdrew their investments under the fear of losing all their money whereas others saw it as a good opportunity to invest. But which is the right move? To withdraw or to invest? Here lies the importance of correct decision-making.


 


The art of decision- making:


The ability to take correct decisions is very crucial for any investor. Decision-making is defined as ?the process of choosing a particular alternative from a number of alternatives?. It is an activity that follows after proper evaluation of all the alternatives. The ultimate objective of an investor is to maximize his return. Since every investor differs from others due to factors like socio-economic background, educational attainment level, age, race etc so their decision-making skills also differs. Depending on this skill there are investors who make huge profits while others make huge losses.  Thus, the most crucial challenge faced by the investors is in the area of investment decisions.


 


The Roots of Behavioural Finance


 


In the early years, investment was based on performance, forecasting, market timing etc. These produced very ordinary results. There was a huge gap between available returns and actual returns which forced investors to search for the reasons behind this gap.


 


In the examining process, they identified that it is caused by fundamental mistakes in the decision-making process. In recognizing these mistakes and means to avoid them, they realized the impact of psychology in investment decisions.


 


Thus, many researchers and analysts began to study the psychological processes driving these mistakes. Ever since then the subject has gained immense importance and academicians call it Behavioural Finance. A number of seminal works had been published on this topic by leading scholars like Werner DeBondt, Malcolm Baker, Robert Shiller and Richard Thaler to name a few. Dr Terrance Odean is one of the leading researchers, writers and lecturers in this field. Today, Behavioural finance is considered an important subject across the world explaining investment decisions of investors.


 


Behavioral finance is a study which focuses on how investors interpret and act on information to make informed investment decisions. It is a study of investor?s market behavior that derives from psychological principles of decision making, to explain why people buy or sell the stocks they do?


 


SMART PEOPLE MAKE BIG MONEY MISTAKES


Behavioral finance attempts to explain how and why emotions and cognitive errors influence investors and create stock market anomalies such as bubbles and crashes. Some of the common mental mistakes which investors make unknowingly are explained below:-


 


  Herd-like behavior - This is the most common mistake where investors tend to follow the investment decisions taken by the majority. That is why, in financial markets, when the best time to buy or sell is at hand, even the person who thinks he should take action experiences a strong psychological pressure refraining him to do so. The main reason for this is pressure from or influence by peers. A classic example of this behavior was portrayed in the case of Reliance Power IPO in the year 2008, where majority of people invested without having full information on the issue.

Overconfidence - Although confidence is often encouraged and celebrated, it is not the only factor to success. It is seen that the investors who are cautious and analytical achieves success while others have to suffer losses. Sometimes, investors overestimate their predictive skills and assuming more knowledge then they have indulge into excessive trading which often results into negative results Whenever possible, include timely news so that each edition is fresh.


 


      Representativeness - It involves projecting the immediate past into distant future. Investors are often found to make decisions based on past performance of stocks. However, it is not the correct approach because it does not involves taking into consideration present factors affecting the market. It is rightly said by Warren Buffet that investors who base their decisions on past performance are always at loss.


 


      Anchoring - It describes the common human tendency to rely too heavily, or anchor on one trait or piece of information when making decisions. When presented with new information, the investors tend to be slow to change or the value scale is fixed or anchored by recent observations


 


  “Driving while looking into the rear view mirror instead through the   windshield often causes damage” Warren Buffet


 


 


The critics of Behavioural finance:


 


Though the above examples of illusions are widely observed, behavioural finance does not claim that all the investors will suffer from the same illusion simultaneously. The susceptibility of an investor to a particular illusion is likely to be a function of several variables.


 


 


Behavioural factors play a vital role in the decision-making process of the investors. Hence the investors should always take necessary steps to minimize or avoid illusions for influencing their decision-making and to make safe investment decisions.


 


 

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BORNFREE

SHAHRUKH KHAN ' ACTOR

EARNING RS. 247 PER MINUTE

AMITABH BACHCHAN ' ACTOR

EARNING RS. 361 PER MINUTE

MUKESH AMBANI ' CHAIRMAN

EARNING RS. 413 PER MINUTE

SACHIN TENDUKAR ' CRICKETER

EARNING RS. 1163 PER MINUTE

INDRA NOOYI ' CFO

EARNING RS. 2911 PER MINUTE

(MESSAGE: DON'T ABORT A GIRL CHILD)

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Carbon Credits: A new trading opportunity

Carbon dioxide, the most important greenhouse gas produced by combustion of fuels, has become a cause of global panic as its concentration in the Earth’s atmosphere has been rising alarmingly.

This devil, however, is now turning into a product that helps people, countries, consultants, traders, corporations and even farmers earn billions of rupees. This was an unimaginable trading opportunity not more than a decade ago.

Carbon credits are a part of international emission trading norms. The total annual emissions are capped and the market allocates a monetary value to any shortfall through trading. Businesses can exchange, buy or sell carbon credits in international markets at the prevailing market price.

India and China are likely to emerge as the biggest sellers and Europe is going to be the biggest buyers of carbon credits. Last year global carbon credit trading was estimated at $5 billion, with India’s contribution at around $1 billion. India is one of the countries that have ‘credits’ for emitting less carbon. India and China have surplus credit to offer to countries that have a deficit.

India has generated some 30 million carbon credits and has roughly another 140 million to push into the world market. Waste disposal units, plantation companies, chemical plants and municipal corporations can sell the carbon credits and make money. Carbon, like any other commodity, is traded on India’s Multi Commodity Exchange.

What is carbon credit?

The Kyoto Protocol has created a mechanism under which countries that have been emitting more carbon and other gases (greenhouse gases include ozone, carbon dioxide, methane, nitrous oxide and even water vapour) have voluntarily decided that they will bring down the level of carbon they are emitting to the levels of early 1990s.

A company has two ways to reduce emissions. One, it can reduce the GHG (greenhouse gases) by adopting new technology or improving upon the existing technology to attain the new norms for emission of gases. Or it can tie up with developing nations and help them set up new technology that is eco-friendly, thereby helping developing country or its companies ‘earn’ credits.

India, China and some other Asian countries have the advantage because they are developing countries. Any company, factories or farm owner in India can get linked to United Nations Framework Convention on Climate Change (UNFCCC) and know the ’standard’ level of carbon emission allowed for its outfit or activity. The extent to which the country emit less carbon (as per standard fixed by UNFCCC) it gets credited in the developing country. This is called carbon credit.

How does it work in real life?

Assume that British Petroleum is running a plant in the United Kingdom. Say, that it is emitting more gases than the accepted norms of the UNFCCC. It can tie up with its own subsidiary in, say, India or China under the Clean Development Mechanism. It can buy the ‘carbon credit’ by making Indian or Chinese plant more eco-savvy with the help of technology transfer. It can tie up with any other company like Indian Oil or anybody else, in the open market.

China and India ensures that new technologies for energy savings are adopted so that they become entitled for more carbon credits. They sell their credits to their counterparts in Europe. This is how a market for carbon credit is created.

How does MCX trade carbon credits?

Many companies did not apply to get credit even though they had new technologies. Some companies used management consultancies to make their plant greener to emit less GHG. These management consultancies then scouted for buyers to sell carbon credits. It was a bilateral deal.

However, the price to sell carbon credits was not available on a public platform. The price range people were getting used was about Euro 15 or maybe less per tonne of carbon. Today, it is much more. MCX is the futures exchange. People get price signals for the carbon for delivery in next five years. The exchange is only for Indians and Indian companies.

Every year, in the month of December, the contract expires and at that time people who have bought or sold carbon will have to give or take delivery. They can fulfill the deal prior to December too, but most people will wait until December because that is the time to meet the norms in Europe.

Say, if the Indian buyer thinks that the current price is low for him he will wait before selling his credits. The Indian government has not fixed any norms nor has it made it compulsory to reduce carbon emissions to a certain level. So, people who are coming to buy from Indians are actually financial investors. They think that if the Europeans are unable to meet their target of reducing the emission levels by 2009 or 2010 or 2012, then the demand for the carbon will increase and then they may make more money.

So investors are willing to buy now to sell later. There is a huge requirement of carbon credits in Europe before 2012. Only those Indian companies that meet the UNFCCC norms and take up new technologies will be entitled to sell carbon credits.

There are parameters set and detailed audit is done before you get the entitlement to sell the credit. In India, already 300 to 400 companies have carbon credits after meeting UNFCCC norms. Till MCX came along, these companies were not getting best-suited price. However they are now getting better prices.

Is this market also good for the small investors?

These carbon credits are with the large manufacturing companies who are adopting UNFCCC norms. Retail investors can come in the market and buy the contract if they think the market of carbon is going to firm up. Like any other asset they can buy these too. It is kept in the form of an electronic certificate.

In the short-term, large investors are likely to come and later we expect banks to get into the market too. This business is a function of money, and someone will have to hold on to these big transactions to sell at the appropriate time.

What’s the flip side of this business?

Like in the case of any other asset, its price is determined by a function of demand and supply. Now, norms are known and on that basis European companies will meet the target between December 2008 and 2012. However it cannot be predicted how much credit will be available in the market at that time. If these norms are changed, prices can go through correction. But, as of now, there is a very transparent mechanism in which the norms for the next five years have been fixed.

Other than this, it’s a question of having correct information. How much will be the demand for carbon credit some years from now? How much will the supply be? It is a safe market if you have more information on the extent of demand and supply of carbon credit market.

 

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The difference you can make…!!

Every action of yours right from switching on washing machine, electric stoves, radio sets, music systems, computers to using refrigerators add to global warming. How? See it yourself:

An air conditioner (2.5 tonne) used for an hour generates 3 kg of CO2. If you go without air conditioning for an hour a day, the release of 3×365= 1095 kg of CO2 into the atmosphere per year can be prevented

Using a microwave oven for an hour generates 1.3 kg of CO2. If you eat food without using microwave to heat just for an hour a week, you can stop the release of 1.3×52 = 67.6 kg of CO2 into the atmosphere per year.

Using a geyser for an hour generates 3.3 kg of CO2. If you can cut down the use of geyser by just an hour a day tou can stop the release of 3.3×365 = 1204.5 kg of CO2 into the atmosphere annually.

One dripping tap in the house wastes 13 litres of water in a single day. Therefore the wastage of water in a year = 13×365 = 4745 litres a year.

On an average a person who lets the tap run while brushing his teeth wastes about 7 litres of water. If 1.13 billion Indians (population as on March 2008) change this habit, we could save 1.13 x7 = 7.91 billion litres of water in just a day.

Compact Fluorescent Lamps (CFLs) use one third the electricity used by regular bulbs. If every family in India replaces regular light bulbs with CFLs, 10000 MW of power could be saved. Using less power means lower emission of greenhouse gases

Recycling paper uses 90% less water and 50% less energy than to manufacture new paper. It also produces 36% less CO2.

Using one litre petrol produces about 2.17 kg of CO2. Walking, carpooling or using public transport will save at least 2 litres of petrol a week. This will stop the release of 2.17×2x52 = 225.68 kg of CO2 into the atmosphere annually.

The estimated population of India as on March 2008 was 1.13 billion. If each person plants just one tree in his lifetime, we can eliminate 1.13 billion ton of CO2 from the atmosphere. One tree absorbs one ton of CO2 during his lifetime.

Your everyday actions have far reaching consequences. It determines whether life on Earth will flourish or perish. One thoughtful action or a simple change in your habit will go a long way in saving our planet.

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NEW STORY OF THE HARE AND THE TORTOISE

Once upon a time a tortoise and a hare had an argument about who was faster. They decided to settle the argument with a race. They agreed on a route and started off the race.The hare shot ahead and ran briskly for some time. Then seeing that he was far ahead of the tortoise, he thought he’d sit under a tree for some time and relax before continuing the race. He sat under the tree and soon fell asleep. The tortoise plodding on overtook him and soon finished the race, emerging as the undisputed champ.The hare woke up and realised that he’d lost the race.

The moral of the story is that slow and steady wins the race.

This is the version of the story that we’ve all grown up with.But then recently, someone told me a more interesting version of this story. It continues.

The hare was disappointed at losing the race and he did some Defect Prevention (Root Cause Analysis). He realised that he’d lost the race only because he had been overconfident, careless and lax. If he had not taken things for granted, there’s no way the tortoise could have beaten him. So he challenged the tortoise to another race. The tortoise agreed. This time, the hare went all out and ran without stopping from start to finish. He won by several miles.

The moral of the story Fast and consistent will always beat the slow and steady.

If you have two people in your organisation, one slow, methodical and reliable, and the other fast and still reliable at what he does, the fast and reliable chap will consistently climb the organisational ladder faster than the slow, methodical chap. It’s good to be slow and steady; but it’s better to be fast and reliable.

But the story doesn’t end here. The tortoise did some thinking this time, and realised that there’s no way he can beat the hare in a race the way it was currently formatted. He thought for a while, and then challenged the hare to another race, but on a slightly different route.The hare agreed. They started off. In keeping with his self-made commitment to be consistently fast, the hare took off and ran at top speed until he came to a broad river. The finishing line was a couple of kilometers on the other side of the river. The hare sat there wondering what to do. In the meantime the tortoise trundled along, got into the river, swam to the opposite bank, continued walking and finished the race.

The moral of the story? First identify your core competency and then change the playing field to suit your core competency.

In an organisation, if you are a good speaker, make sure you create opportunities to give presentations that enable the senior management to notice you.If your strength is analysis, make sure you do some sort of research, make a report and send it upstairs. Working to your strengths will not only get you noticed but will also create opportunities for growth and advancement.

The story still hasn’t ended.

The hare and the tortoise, by this time, had become pretty good friends and they did some thinking together. Both realised that the last race could have been run much better.

So they decided to do the last race again, but to run as a team this time.They started off, and this time the hare carried the tortoise till the riverbank. There, the tortoise took over and swam across with the hare on his back.On the opposite bank, the hare again carried the tortoise and they reached the finishing line together. They both felt a greater sense of satisfaction than they’d felt earlier.

The moral of the story? It’s good to be individually brilliant and to have strong core competencies; but unless you’re able to work in a team and harness each other’s core competencies, you’ll always perform below par because there will always be situations at which you’ll do poorly and someone else does well.

Teamwork is mainly about situational leadership, letting the person with the relevant core competency for a situation take leadership.

There are more lessons to be learnt from this story.

Note that neither the hare nor the tortoise gave up after failures. The hare decided to work harder and put in more effort after his failure.The tortoise changed his strategy because he was already working as hard as he could. In life, when faced with failure, sometimes it is appropriate to work harder and put in more effort. Sometimes it is appropriate to change strategy and try something different. And sometimes it is appropriate to do both.The hare and the tortoise also learnt another vital lesson. When we stop competing against a rival and instead start competing against the situation, we perform far better.

When Roberto Goizueta took over as CEO of Coca-Cola in the 1980s, he was faced with intense competition from Pepsi that was eating into Coke’s growth. His executives were Pepsi-focussed and intent on increasing market share 0.1 per cent a time. Goizueta decided to stop competing against Pepsi and instead compete against the situation of 0.1 per cent growth. He asked his executives what was the average fluid intake of an American per day? The answer was 14 ounces. What was Coke’s share of that? Two ounces. Goizueta said Coke needed a larger share of that market.

The competition wasn’t Pepsi. It was the water, tea, coffee, milk and fruit juices that went into the remaining 12 ounces. The public should reach for a Coke whenever they felt like drinking something.To this end, Coke put up vending machines at every street corner. Sales took a quantum jump and Pepsi has never quite caught up since.

To sum up, the story of the hare and tortoise teaches us many things.

Important lessons are:

that fast and consistent will always beat slow and steady;

work to your competencies;

pooling resources and working as a team will always beat individual performers;

never give up when faced with failure;

and finally, compete against the situation. Not against a rival.

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All to Jesus I surrender…!!

hii friends….i want to share a beautiful hymn….it is very special to me coz it was my favourite hymn which v used to sing in school in morning assembly…..luckily found it on youtube….hope u njoy it….

 

http://www.youtube.com/watch?v=7×2IpLSfqp8

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Dance like no one’s watching !!

We convince ourselves always that life will be better after we finish school; after we finish college, after we start working, after we get married, after we have a baby, then another. Then we are frustrated that the kids aren’t old enough and we’ll be more content when they are. After that we’re frustrated that we have teenagers to deal with. We will certainly be happy when they are out of that stage. We tell ourselves that our life will be complete when we get a nicer car, when we are able to go on a nice vacation or when we retire.

The truth is, there’s no better time to be happy than right now. If not now, when?

Our life will always be filled with challenges. It’s best to admit this to yourself and decide to be happy anyway. So, treasure every moment that you have. And treasure it more because you share it with someone special, special enough to spend your time…and remember that time waits for no one…

So stop waiting until you finish school, until you go back to school, until you lose ten kgs, until you gain ten kgs, until you have kids, until your kids leave the house, until you start work, until you retire, until you get married, until you get divorced, until Friday night, until Sunday morning, until you get a new car or home, until your car or home is paid off, until spring, until summer, until fall, until winter, until the first or fifteenth, until you’ve had a drink, until you die, until you are born again to decide that there is no better time than right now to be happy…

Happiness is a journey, not a destination so work like you don’t need money, love like you’ve never been hurt and dance like no one’s watching .!!

 

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