Joined: 13/Oct/2006
Location: India
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Posts: 3542
Posted: 17/Nov/2006 at 2:35pm
basant i like your boarding train analogy again very common sense at
play even a person with hazy vision can board a stationary train try
boarding a train hurtling at 60 miles per hr now thats siucidal.
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
Posted: 17/Nov/2006 at 5:42am
Here is another gem from that WB lecture:
We never look back. We just figure there is so much to look forward to that there is no sense thinking of what we might have done. It just doesn’t make any difference. You can only live life forward.-Warren Buffet
Life can only be understood backwards—but it must be lived forwards
Joined: 01/Sep/2006
Location: India
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Posts: 793
Posted: 18/Nov/2006 at 2:50pm
We never look back. We just figure there is so much to look forward to that there is no sense thinking of what we might have done. It just doesn’t make any difference. You can only live life forward.-Warren Buffet.
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 18/Nov/2006 at 5:21pm
Guess it deals with voting rights etc something like preferred stock and equity - have a lot of that in Brazil markets. Some one else might be able to provide a better answer.
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