All that glitters is not gold Ambanis and Mittals are no Buffetts and Gates. But we can’t blame them for the appalling poverty that prevails in India Now that Durga Puja’s son et lumiere has faded‚ comment might be permitted on what this annual exercise of expensive competitive showmanship reveals of popular taste. That no doubt explains why no one voices the real charge that should be levelled at the super-rich who should be in the dock not for spending too much but for the waste and crass
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It was pretty obvious that at 79‚ Mr. Warren Buffett age does not affect the company’s strategic moves such as the purchase of Burlington Northern Santa Fe Railroad. This was a wise move for Mr. Buffett‚ which took a lot of research‚ and time‚ and knowing when to make an offer for BNSF‚ and what to offer. I feel that with age comes experience‚ and Mr. Buffet saw an opportunity and took it. BNSF was a solid investment‚ with real profit‚ cash flow and a very good future. Mr. Berkshire Hathaway’s
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Let us suppose that there is a farmer and this farmer’s name is Mr. Jones and Mr. Jones grows corn on his small farm. This year’s harvest yields 290 bushels of corn and Mr. Jones is ecstatic. After he looks at his bountiful harvest‚ he smugly walks to the market and sells his entire harvest for $290.00‚ a dollar a bushel. He leaves the market with a grin and starts heading home. On his way he is stopped by the local taxman who came to collect his 10% income tax‚ so Mr. Jones forks over $29. Slightly
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Warren Buffett Business Masterminds By Robert Heller Introduction • All his investments were channeled through Berkshire Hathaway. • Buffett snubbed high-tech super growth stars and bough massive stakes in ordinary shares in long-established giants like AMEX‚ Coca Cola and Gillette • Never invest unless you can find something worth buying • He is interested only in realities and is free from any illusions • Common sense and consistent rationality win the
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Course Syllabus Portfolio Theory and Application I Finance Department‚ School of Business Fall 2014 Instructor Information Instructor: Telephone: E-mail: Office Hours: Aimei Zhong‚ CFA‚ CAIA 610-833-2691 (c) aimei.zhong@villanova.edu Monday 8:15 – 8:45pm or by appointment Course Identification Course Numbers: Course Name: Course Location: Class Times: MSF 8640 Portfolio Theory and Applications I Bartley Hall 3069 Monday 5:30pm – 8:15pm Course Description/Overview A hands-on class where students
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Mergers and Acquisition Reasons 1. Growth 2. Synergy NAV = PVab – ( PVa + PVb ) – P – E 3. Managerial efficiency 4. Market entry 5. Diversification 6. Tax shields 7. Strategic Some unstated reasons for acquisitions: 1. Megalomania 2. Hubris spirit Forms of Business Combinations 1. Consolidation: result: a new firm e.g. Sandoz + Ciba Geigy = Novartis 2. Merger: result: only one survive e.g. HDFC BK + TIMES BK = HDFC 3. Takeovers: control over mgmt thru substantial portion of its equity. e.g
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“The Five Forces helped me” Some readers complained that in criticizing the Five Forces analysis I was trashing something that they had found useful. I am glad to hear that some people have found help from Porter’s five-forces model. It is however a bit like saying that we had success for over a thousand years in predicting the movements of the planets with the geocentric model of the universe‚ so why should we accept that the earth revolves around the sun? There are ways to reinterpret Porter’s
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getting richer. While all this may be true to some degree‚ one of the “super rich” elite members has stepped fourth not only once but a few time but none compare to his current attempt to make change. In the article “Stop Coddling the Super-Rich”‚ Warren Buffet‚ the chairman and chief executive of Berkshire Hathaway‚ calls out our government on its claim that we must “shared sacrifice”. By means of using reliable statistics‚ expressing his compassion for the lower and middle class‚ and his morality
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Table of content Table of Contents PART A 2 I. Introduction 2 1.1 How and why Kraft identified Cadbury as a potential partner? 2 1.2 Expected benefits 2 1.3 Synergies for both companies involved? 3 1.4 The risks associated with the choice of acquisition as an approach to this particular ‘partnership’ 4 1.5 Feasible alternative? 5 Involvement of National and corporate cultures 6 Critical Evaluation of both the companies about this Partnership 6 Involvement Of the Government 6
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Slim was born in Mexico City‚ Mexico in 1940 to Christian parents‚ Julián Slim Haddad and Linda Helú‚ both of Lebanese descent. Linda Helú was born in Parral‚ Chihuahua‚ of Lebanese parents who had immigrated to Mexico in the late 19th century. His father immigrated to Mexico at the age of 14 in 1902 and changed his first name to Julián. In 1911‚ Julián established a dry goods store‚ La Estrella del Oriente (The Star of the Orient). By 1921‚ he had purchased real estate in the flourishing commercial
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