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Yes...This is article is truly true. No question about it. But.....just see how much money he invested at 1956 ...a WHOPPING $105000 !!!!
Even after 50 years now , $105,000 is consider a big big money for lot of us. He become a billionare and is now $45billion after 50 years !!! Is anybody surprised ??? Certainly I'm not. This , as the article itself proclaims , is only 20% growth compounded annually. This means that if someone is ready to invest $105,000 in the current market today have to wait for 50 years to make 45 billion !!!
Currently , any best mutual funds are providing a better results but people still buy and sell stocks themselves. People always keep booking profits as and when possibile . Why ???
In the current day scenario , people want to live their current life richer and not invest and wait for the future. The asian markets provide that oppurtunity for quick money in the form of Options , Futures , Margin Trading etc. If you have sound technique , guts and risk taking apetite , you can convert Rs. 1 lakh to Rs.10 lakh in the span of six months...No Joke....I know people who have done it in our Indian Market ....!
Otherwise, invest just like Buffett and when you become a billionare at the age of 70 , donate everything to charity (What else you can do with the money at that age ? )
RE:Problem with this Approach
by N Vivek on Sep 26, 2007 03:31 PM
You can do it once a while, but as your capital grows, your ROI always drops. His greatness in in maintaining the ROI over such a long period, match that.
RE:RE:Problem with this Approach
by Sanjay Jamdade on Sep 23, 2007 08:39 PM
tell me Peter why would you need guts to donate 45 billion in charity? in the twilight of one's age and with no progeny, donating in charity is the only option left & thus not a brave deed!
If he donates 45 billion at the age of 45 then it is a brave deed. Then he is a great man.
RE:Problem with this Approach
by k p on Sep 25, 2007 11:42 AM
Boss...he did not do this because he wanted to be rich...he did this because he had passion for investing... if u can make 1 lakh into 10 lakhs in 6 mths...for how long can u do it...name a punter who has made to this riches
RE:Problem with this Approach
by Shrenik on Sep 25, 2007 12:48 PM
HEy you are saying people make 10 lacs out of 1 lac in six months but have you any time noticed that some of the companies like tata, birlas, ford, reliance, & others are there for more than 5 decades even then they hav not made such a growth. Warrent Buffetc added nearly 6 bn for 2 years whereas before this bullrun in BSE Mukesh's property was around 6-7 bn and now this has risen just on paper. He cannot realise that money.
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Paramount Communications has commenced land development and civil construction on 25 acres of land in Khushkhera Industrial Area, District Alwar, Rajasthan for setting up of a new manufacturing facility for power cables in accordance with the 3rd phase expansion plan of the company. The said land is located just opposite to the existing plant of the company and has been recently allotted to the company by RIICO, Rajasthan.
The main objective of this land acquisition is to embark on further expansion by induction of additional capacity in power cables.
Recently Paramount Communications Ltd has acquired the UK-based AEI Cables in an all cash deal. AEI Cables has a turnover of approximately £65 million (Rs. 533 crores).
The acquisition would strengthen the consolidated balance sheet of the company and is accretive to the net worth by about INR 110 crore, says Paramount that makes cables for infrastructure sectors including power, railways, telecom and industrial projects.
Paramount says, after the acquisition it would have an annual turnover of over Rs1,100 crore, with significantly strengthen its product range for infrastructure segments such as railways, mining and power, and defence in India and the UK.
RE:Strong BUY - Paramount Communications Ltd
by venugopal devarakonda on Sep 24, 2007 11:50 PM
i am holding 500 shares of paramount communications at 34.50.when it will reach to 40. please reply to my e mail id --venugopal_devarakonda1@rediffmail.com
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