Monday, July 23, 2007

Investment Strategies - II

This blog is in continuation with the previous one posted, so please do read the first one before
starting with this one.

1) What you want is a stock that none is looking at or that is not of favour with big investment funds and is rolling at a lower price.
2) The skills you need to be a good investor are addition, subtraction, multiplication and division and the ability to rapidly calculate percentages and probability. Anything more is a waste.
3) Don't follow the herd. Identify the stocks that the market does not want today, but will be dying tomorrow. But for those who follow the herd usually spend a lot of time scrapping their shoes.
4) There is a great deal of comfort when you invest with the crowd. Everone agrees with you. However when you invest with the crowd,you have to worry about when the crowd will leave the party,because just like in high school none stays popular forever. There usually is not much upside left in a stock after it becomes popular.
5) Look for stocks that are through an unpopular phase because that is where you are going to find the tomorrow's Mr.Popular, selling at a discount price.
6) If you understand the investment process, there would be no need for investment analysts, advisors nor would we need Mutual funds or any of the priests of profession.
7) If you were to invest in 50 different stocks,then your attention and ability to keep track of the business economics of each and everyone would be severly limited. You would end indeed end up with a zoo in which none of the animals got the attention it needed. It is like being a jugglar with two many balls in the air. You don't just drop one,you end up dropping them all.
8) If you are getting more than one brilliant investment idea in a year,you are probably deluding yourself.
9) Concentrate your investments on a few well chosen eggs and then watch them like a Hawk.
10) The best temperament for good investment is to be greedy when others are scared and scared when others are greedy.
11) At times Investors are wildly enthusiastic about a stock and overprice it. At times, people become overly fearful and grossly undervalue a stock. What we do not know is when it will happen, but know just that will happen. Be ready to take advantage of the low prices, that folly and fear bring.
12) People often humanise inanimate objects, be they cars or stocks. When this happens with a stock, emotional thought replaces rational thought, That is a bad thing when it comes to investments. When it is time to sell, you don't want to hesitate because you love the stocks. When the stocks gets down, there is no reason to be mad at it, it does not know that you own it.
13) Greed is a wonderful thing if it is the servant and not the master. You can't get rich without a dose of it and you won't be happy if you have too much of it. Too much of greed leeds to envy and envy is a road paved with inadequacy of never having enough.
14) When you are born, you get a card with 20 Investment ideas and each time you make a mistake,you get a punch. So,you would better make them count.
15) Don't fear the bear markets, embrace them in a bear hug. That way they can't hurt you.
16) Mr.Market appears daily and names a price at which he will either buy your interest or sell you his. The main characteristic of Mr.Market is that he has incurable and emotional problems. At times, he is deprsessed and can see nothing but trouble ahead for both business and world. When maniac, he demands higher prices, when depressed, he will sell or buy cheaply. You should take the advantages of Mr.Market's moods, but should not be influenced by them.

Here are some of the thumb rules suggested by the legends for selecting stocks, which I stumbled upon and want to share with you.
PETER LYNCH :(Earnings growth + Dividend yield )/P.E should be greater than 1.5. Twice is excellent. The expected earnings growth can be based only on what the company says and the analyst's prediction about the companies growth rate.
2) BENJAMIN GRAHAM :The intinsic value of stock =EPS [( 2 * EARNINGS GROWTH) +O.O85]* 4.4 / AAA BOND YIELDHere is an example :Let us assume the outstanding shares as 10 lakhs,Let us assume the earnings as 20 lakhs,Then EPS will be 2Assuming a growth rate of 5% (don't think I am a bear ) and the AAA bond rate as 7.33% ( you can substitute this by even the FD rate )The intrinsic value is :2 ( 2* 0.05 + 0.085 ) * 4.4 / 0.0733 =22.20If the value on a given day is lesser than this value, then the stock price is cheap.

MIKE BERRY :His thumb rule is 2 - 2 - 2.First the stock should be trading at half the market multiples. i.e , Half of the average P.E. of the appropriate index.Second, The companies should be growing their earnings at twice the market rate of growth.Third, the price to book ratio must be less than
2. It should be mentioned that Berry was always interested in value spiced with growth.N.B : These are only thumb rules and not recipes to follow mechanically in arriving at your decisions It will be misleading to consider them as formulaes. This can be the basic criteria for selecting the stocks.


--> Mishra

Thursday, July 12, 2007

Investment Strategies

Yesterday i was just browsing through some random message boards and i came across a really good article, where a group of people had mentioned their opinions about Warren Buffet and his strategies. I have collated whatever i felt useful.

Investment Rules from Warren:

Rule No 1: Never lose money (Never forget rule No 1)
2) It is easier to stay out of trouble than it is to get out of trouble.
3) The market behaves like the God, helps those who help themselves. But unlike the God, the market does not forgive those who don't know what they do.
4) Don't try to jump over seven-foot bars; look around for one-foot bars that can step over.
5) The chains of habit are too light to be felt until they are too heavy to be broken.
6) It is not necessary to do extraordinary things to get extraordinary results.
7) Look at stocks as small pieces of a business.
8) Invest in a business that even a fool can run,because someday a fool will.
9) With investment you make,You should have the courage and the conviction to place at least 10% of your networth in that stock.
10) If a business does well, the stock eventually follows.
11) The reaction of weak management to weak operations is often weak accounting.
12) In a difficult business,no sooner one problem is solved than another surfaces-never is there just one cockroach in the kitchen.
13) You don't have to make money the same way you lost it.
14) With enough insider information and a million dollars,you can go broke in a year.
15) If principles become dated,they are no longer principles.
16) If calculus or algebra were required to be a great investor,I would have to go back to delivering newspapers.
17) It is only when the tide goes out that you learn who has been swimming naked.
18) If you hit a hole in one on every hole,you would not play golf for very long.
19)Never ask a barber if you need a haircut.
20) Forecasts usually tells us more of the forecaster than of the forecasts.
21) There seems to be some perverse human characteristic that likes to make easy things difficult.
22)Diversification is a protection against ignorance.
23) Brokers make money on activity,You make your money on inactivity.
24) You only have to do a few things right in your life so long as you don't do too many things wrong.
25) If you let yourself be undisciplined on the small things,you will probably be undisciplined on the large things as well.
26)When proper temperament joins up with the proper intellectual framework, then you get rational behaviour.
27) The fact that people are full of greed or folly is predictable.The sequence is unpredictable.
28) Be fearful when others are greedy and be greedy only when others are fearful.
29) The most important thing to do when you are in a hole is to stop digging.
30) If at first you do succeed,quit trying.
31) Most people get interested in stocks when everyone else is.The time to get interested is when no one else is. You can't buy what is popular and do well.
32) Risk comes from not knowing what you are doing.
33) If you can't make mistakes,you can't make decisions.
34) Investment must be rational,If you don't understand it,don't do it.
35) In the business world,the rear view mirror is always clearer than the windshield.
36) For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
37) At the beginning, prices are driven by fundamentals and at some point, speculation drives them. It is the old story: what the wise man does in the beginning the fool does in the end.
38) A pin lies in wait for a bubble and when the two eventually meet,a new wave of investors learn some very old lessons.
39) I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for 5 years.
40) What we learn from history is that people don't learn from history.
41) Look at stock market fluctuations as your friend rather than your enemy-profit from folly rather than participate in it.
42) Uncertainty actually is the friend of the buyer of long-term values.
43) No matter how great the talent or effort,some things just take time: You can't produce a baby in a month by getting nine women pregnant.
44) If the past history was all there was to the game, the richest people would be librarians.
45) I would be a bum on the street with a tin cup, if the markets were efficient.

Making profits is obviously the objective of each investor.Possibility of maximising returns increases with better understanding of market forces and what drives them.Information being the only tool available,one can never have enough of it,be it stock and sector specific,or the general market trend.Since Buffetology is all about Long term investment,it is important to understand and differentiate between 'Long Term and Short Term Investment'. Mr.K Vijayan,CEO,JP Morgan,has said in The Economic Times of 10/7/07, and I quote,'----
short-term is not a function of time but of intention, displayed by the reasons you choose to exit an investment. If you exit an investment because you have hit an arbitrary target price (up or down), it is short-term regardless of when it happens. If you exit because the reason for the decision appears to have developed some flaws, or there is need for the money, one would consider it longterm' Yes,indeed,it is nearly impossible particularly for an ordinary investor, to collect relevant and reliable data,about Indian cos. Numbers available are invariably historic,and hide more than they reveal. Shareholders meetings are more a Tamasha, than serious deliberations. Annual reports highlight achievements but lack transparency. Media and analyst's buy/sell recommendations are arbitrary and sometimes biased.

After this, one fellow had given certain checks to be performed, before entering any script:

1. Is the business simple and understandable ?
2. Does the business have a consistent operating history ?
3. Does the business have favourable long term prospects ?
4.Is management rational ?
5.Is management candid with shareholders ?
6.Does the management resist the institutional imperative ?
7.Focus on RONW not EPS.
8.Calculate owner's earnings to get the true reflection of business value.
9.Look for the companies with high profit margins.
10.For every dollar retained, make sure the company has created at least one dollar of market value.
11.What is the value of the business?
12. Can the business be purchased at a significant discount to its value ?
This is the most important conclusion. If you buy a great a company for unrealistic value (overpriced). you are not going to make money.( Don't confuse the terms business value and market value. Both are not same). Example Wipro , it is tough to make money if you buy wipro when it is selling at 400 p/e.

For more info please follow the link:

http://chinese-school.netfirms.com/Warren-Buffett-interview.html

-- Mishra

Wednesday, July 11, 2007

"A Short History of Nearly Everything" by Bill Bryson

Hi Friends,
If you have least bit of interest in Space, Universe, Evolution, Life of Great Scientists or Volcanoes, then this book won’t disappoint you.
Bill has split the entire title in 6 parts, starting from Creation of Milkyway then to Size and structure of the Earth then various Theories regarding its origin.
After this he describes the Volcanoes and then to Evolution and finally Evolution of Man-kind.
In the very beginning book feels like “A Brief History Of Time”, and explains the very concept of “How our galaxy came into Picture”, with almost all the theories presently available.
Next section “The Size of the Earth” deals with the discoveries of asteroids, Newton, Rutherford, Lord Kelvin and various other achievements in the field of astronomy.
Third section covers Einstein and his Relativity Theory, Quantum Physics and different methods for calculating the Earth’s age or more precisely Age of our Galaxy.
After this comes the really interesting section about Volcanoes and Earthquakes and it gives you the fact that you will really feel lucky that you are still alive at this very point of time.
Next one deals with evolution of life on the earth, which I skipped a lot, as it tells you each and every organism which has existed on earth any time during our 4.7 billion years of existence. Last one tells you that How we became what we are. From amoeba to Homo sapiens.
Finally I will write some interesting facts which Bill found out and really amazing ones.
--Australia has been tilting and sinking. Over the past 100 million years it has drifted north toward Asia, its leading edge has sunk by some six hundred feet. It appears that Indonesia is very slowly drowning, and dragging Australia down with it. Nothing in the theories of tectonics can explain any of this.
--Bosons (named for the Indian physicist S. N. Bose) are particles that produce and carry forces, and include photons and gluons.
--In 1965 Arno Penzias and Robert Wilson found out that the edge of the universe, or at least the visible part of it, is 90 billion trillion miles away.
Pluto: Nobody is quite sure how big it is, or what it is made of, what kind of atmosphere it has, or even what it really is. A lot of astronomers believe it isn’t a planet at all, but merely the largest object so far found in a zone of galactic debris known as the Kuiper belt. The Kuiper belt is the source of what are known as short-period comets—those that come past pretty regularly—of which the most famous is Halley’s comet. It is certainly true that Pluto doesn’t act much like the other planets. Not only is it runty and obscure, but it is so variable in its motions that no one can tell you exactly where Pluto will be a century hence. Whereas the other planets orbit on more or less the same plane, Pluto’s orbital path is tipped (as it were) out of alignment at an angle of seventeen degrees, like the brim of a hat tilted rakishly on someone’s head. Its orbit is so irregular that for substantial periods on each of its lonely circuits around the Sun it is closer to us than Neptune is. For most of the 1980s and 1990s, Neptune was in fact the solar system’s most far-flung planet. Only on February 11, 1999, did Pluto return to the outside lane, there to remain for the next 228 years.
Supernovae occur when a giant star, one much bigger than our own Sun, collapses and then spectacularly explodes, releasing in an instant the energy of a hundred billion suns, burning for a time brighter than all the stars in its galaxy. “It’s like a trillion hydrogen bombs going off at once,” says Evans. If a supernova explosion happened within five hundred light-years of us, we would be goners. The reason we can be reasonably confident that such an event won’t happen in our corner of the galaxy, Thorstensen said, is that it takes a particular kind of star to make a supernova in the first place. A candidate star must be ten to twenty times as massive as our own Sun and “we don’t have anything of the requisite size that’s that close.
Story of Earth: About 4.6 billion years ago, a great swirl of gas and dust some 15 billion miles across accumulated in space where we are now and began to aggregate. Virtually all of it—99.9 percent of the mass of the solar system—went to make the Sun. Out of the floating material that was left over, two microscopic grains floated close enough together to be joined by electrostatic forces. This was the moment of conception for our planet. All over the inchoate solar system, the same was happening. Colliding dust grains formed larger and larger clumps. Eventually the clumps grew large enough to be called planetesimals. As these endlessly bumped and collided, they fractured or split or recombined in endless random permutations, but in every encounter there was a winner, and some of the winners grew big enough to dominate the orbit around which they traveled.
It all happened remarkably quickly. To grow from a tiny cluster of grains to a baby planet some hundreds of miles across is thought to have taken only a few tens of thousands of years. In just 200 million years, possibly less, the Earth was essentially formed, though still molten and subject to constant bombardment from all the debris that remained floating about.
At this point, about 4.5 billion years ago, an object the size of Mars crashed into Earth, blowing out enough material to form a companion sphere, the Moon. Within weeks, it is thought, the flung material had reassembled itself into a single clump, and within a year it had formed into the spherical rock that companions us yet. Most of the lunar material, it is thought, came from the Earth’s crust, not its core, which is why the Moon has so little iron while we have a lot.
Nature and Nature’s laws lay hid in night;
God said, Let Newton be! And all was light. -Alexander Pope (Remember the clue used in Da Vinci Code)

Newton was a decidedly odd figure—brilliant beyond measure, but solitary, joyless, prickly to the point of paranoia, famously distracted (upon swinging his feet out of bed in the morning he would reportedly sometimes sit for hours, immobilized by the sudden rush of thoughts to his head), and capable of the most riveting strangeness. He built his own laboratory, the first at Cambridge, but then engaged in the most bizarre experiments. Once he inserted a bodkin—a long needle of the sort used for sewing leather—into his eye socket and rubbed it around “betwixt my eye and the bone as near to the backside of my eye as I could” just to see what would happen. What happened, miraculously, was nothing—at least nothing lasting. On another occasion, he stared at the Sun for as long as he could bear, to determine what effect it would have upon his vision. Again he escaped lasting damage, though he had to spend some days in a darkened room before his eyes forgave him.
As a student, frustrated by the limitations of conventional mathematics, he invented an entirely new form, the calculus, but then told no one about it for twenty-seven years. In like manner, he did work in optics that transformed our understanding of light and laid the foundation for the science of spectroscopy, and again chose not to share the results for three decades.
At least half his working life was given over to alchemy and wayward religious pursuits. These were not mere babblings but wholehearted devotions. He was a secret adherent of a dangerously heretical sect called Arianism, whose principal tenet was the belief that there had been no Holy Trinity (slightly ironic since Newton’s college at Cambridge was Trinity),. He spent endless hours studying the floor plan of the lost Temple of King Solomon in Jerusalem (teaching himself Hebrew in the process, the better to scan original texts) in the belief that it held mathematical clues to the dates of the second coming of Christ and the end of the world. His attachment to alchemy was no less ardent. In 1936, the economist John Maynard Keynes bought a trunk of Newton’s papers at auction and discovered with astonishment that they were overwhelmingly preoccupied not with optics or planetary motions, but with a single-minded quest to turn base metals into precious ones. An analysis of a strand of Newton’s hair in the 1970’s found it contained mercury—an element of interest to alchemists, hatters, and thermometer-makers but almost no one else—at a concentration some forty times the natural level. It is perhaps little wonder that he had trouble remembering to rise in the morning.
In 1684 Dr Halley came to visit at Cambridge [and] after they had some time together the Dr. asked him what he thought the curve would be that would be described by the Planets supposing the force of attraction toward the Sun to be reciprocal to the square of their distance from it.
This was a reference to a piece of mathematics known as the inverse square law, which Halley was convinced lay at the heart of the explanation, though he wasn’t sure exactly how. Sir Isaac replied immediately that it would be an [ellipse]. The Doctor, struck with joy & amazement, asked him how he knew it. ‘Why,’ said he, ‘I have calculated it,’ whereupon Dr. Halley asked him for his calculation without farther delay, Sir Isaac looked among his papers but could not find it.
This was astounding—like someone saying he had found a cure for cancer but couldn’t remember where he had put the formula. Newton agreed to redo the calculations and produce a paper. He retired for two years of intensive reflection and scribbling, and produced his masterwork: the Philosophiae Naturalis Principia Mathematica or Mathematical Principles of Natural Philosophy, better known as the Principia .
At Principia’s heart were Newton’s three laws of motion (which state, very baldly, that a thing moves in the direction in which it is pushed; that it will keep moving in a straight line until some other force acts to slow or deflect it; and that every action has an opposite and equal reaction) and his universal law of gravitation.
--In 1812, at Lyme Regis on the Dorset coast, an extraordinary child named Mary Anning—aged eleven, twelve, or thirteen, depending on whose account you read—found a strange fossilized sea monster, seventeen feet long and now known as the ichthyosaurus, embedded in the steep and dangerous cliffs along the English Channel. It was the start of a remarkable career. Anning would spend the next thirty-five years gathering fossils, which she sold to visitors. She is commonly held to be the source for the famous tongue twister “She sells seashells on the seashore.”
--In the early 1800s there arose in England a fashion for inhaling nitrous oxide, or laughing gas, after it was discovered that its use “was attended by a highly pleasurable thrilling.” For the next half century it would be the drug of choice for young people. One learned body, the Askesian Society, was for a time devoted to little else. Theaters put on “laughing gas evenings” where volunteers could refresh themselves with a robust inhalation and then entertain the audience with their comical staggering. It wasn’t until 1846 that anyone got around to finding a practical use for nitrous oxide, as an anesthetic. Goodness knows how many tens of thousands of people suffered unnecessary agonies under the surgeon’s knife because no one thought of the gas’s most obvious practical application.
Einstein: In 1900, Planck unveiled a new “quantum theory,” which posited that energy is not a continuous thing like flowing water but comes in individualized packets, which he called quanta. This was a novel concept, and a good one. In the short term it demonstrated that light needn’t be a wave after all. In the longer term it would lay the foundation for the whole of modern physics. It was, at all events, the first clue that the world was about to change.
But the landmark event—the dawn of a new age—came in 1905, when there appeared in the German physics journal Annalen der Physik a series of papers by a young Swiss bureaucrat who had no university affiliation, no access to a laboratory, and the regular use of no library greater than that of the national patent office in Bern, where he was employed as a technical examiner third class. (An application to be promoted to technical examiner second class had recently been rejected.)
His name was Albert Einstein, and in that one eventful year he submitted to Annalen der Physik five papers, of which three, according to C. P. Snow, “were among the greatest in the history of physics”—one examining the photoelectric effect by means of Planck’s new quantum theory, one on the behavior of small particles in suspension (what is known as Brownian motion), and one outlining a special theory of relativity.
The first won its author a Nobel Prize and explained the nature of light (and also helped to make television possible, among other things).3 The second provided proof that atoms do indeed exist—a fact that had, surprisingly, been in some dispute. The third merely changed the world.
Einstein was honored, somewhat vaguely, "for services to theoretical physics." He had to wait sixteen years, till 1921, to receive the award-quite a long time, all things considered, but nothing at all compared with Frederick Reines, who detected the neutrino in 1957 but wasn't honored with a Nobel until 1995, thirty-eight years later, or the German Ernst Ruska, who invented the electron microscope in 1932 and received his Nobel Prize in 1986, more than half a century after the fact. Since Nobel Prizes are never awarded posthumously, longevity can be as important a factor as ingenuity for prizewinners.
Having just solved several of the deepest mysteries of the universe, Einstein applied for a job as a university lecturer and was rejected, and then as a high school teacher and was rejected there as well. So he went back to his job as an examiner third class, but of course he kept thinking. He hadn’t even come close to finishing yet.
When the poet Paul Valéry once asked Einstein if he kept a notebook to record his ideas, Einstein looked at him with mild but genuine surprise. “Oh, that’s not necessary,” he replied. “It’s so seldom I have one.” I need hardly point out that when he did get one it tended to be good. Einstein’s next idea was one of the greatest that anyone has ever had—indeed, the very greatest, according to Boorse, Motz, and Weaver in their thoughtful history of atomic science.” As the creation of a single mind,” they write, “it is undoubtedly the highest intellectual achievement of humanity,” which is of course as good as a compliment can get.
In 1907, or so it has sometimes been written, Albert Einstein saw a workman fall off a roof and began to think about gravity. Alas, like many good stories this one appears to be apocryphal. According to Einstein himself, he was simply sitting in a chair when the problem of gravity occurred to him. It was a question that would occupy his thoughts for most of the next decade and lead to the publication in early 1917 of a paper entitled “Cosmological Considerations on the General Theory of Relativity.”
When a journalist asked the British astronomer Sir Arthur Eddington if it was true that he was one of only three people in the world who could understand Einstein’s relativity theories, Eddington considered deeply for a moment and replied: “I am trying to think who the third person is.”
The most challenging and nonintuitive of all the concepts in the general theory of relativity is the idea that time is part of space. Our instinct is to regard time as eternal, absolute, immutable—nothing can disturb its steady tick. In fact, according to Einstein, time is variable and ever changing. It even has shape. It is bound up—“inextricably interconnected,” in Stephen Hawking’s expression—with the three dimensions of space in a curious dimension known as spacetime.
--Physicists are notoriously scornful of scientists from other fields. When the wife of the great Austrian physicist Wolfgang Pauli left him for a chemist, he was staggered with disbelief. “Had she taken a bullfighter I would have understood,” he remarked in wonder to a friend. “But a chemist . . .”
It was a feeling Rutherford would have understood. “All science is either physics or stamp collecting,” he once said, in a line that has been used many times since. There is a certain engaging irony therefore that when he won the Nobel Prize in 1908, it was in chemistry, not physics.
-- “Bohr once commented that a person who wasn’t outraged on first hearing about quantum theory didn’t understand what had been said.” Heisenberg, when asked how one could envision an atom, replied: “Don’t try.”
Half-Life: If you have ever wondered how the atoms determine which 50 percent will die and which 50 percent will survive for the next session, the answer is that the half-life is really just a statistical convenience-a kind of actuarial table for elemental things. Imagine you had a sample of material with a half-life of 30 seconds. It isn't that every atom in the sample will exist for exactly 30 seconds or 60 seconds or 90 seconds or some other tidily ordained period. Each atom will in fact survive for an entirely random length of time that has nothing to do with multiples of 30; it might last until two seconds from now or it might oscillate away for years or decades or centuries to come. No one can say. But what we can say is that for the sample as a whole the rate of disappearance will be such that half the atoms will disappear every 30 seconds. It's an average rate, in other words, and you can apply it to any large sampling. Someone once worked out, for instance, that dimes have a half-life of about 30 years.
--One interesting recently suggested theory is that the universe is not nearly as big as we thought, that when we peer into the distance some of the galaxies we see may simply be reflections, ghost images created by rebounded light.
Continent Drift Theory: Holmes was the first scientist to understand that radioactive warming could produce convection currents within the Earth. In theory these could be powerful enough to slide continents around on the surface.
-- There was one other major problem with Earth theories that no one had resolved, or even come close to resolving. That was the question of where all the sediments went. Every year Earth’s rivers carried massive volumes of eroded material—500 million tons of calcium, for instance—to the seas. If you multiplied the rate of deposition by the number of years it had been going on, it produced a disturbing figure: there should be about twelve miles of sediments on the ocean bottoms—or, put another way, the ocean bottoms should by now be well above the ocean tops. Scientists dealt with this paradox in the handiest possible way. They ignored it. But eventually there came a point when they could ignore it no longer.
Then in 1960 core samples showed that the ocean floor was quite young at the mid-Atlantic ridge but grew progressively older as you moved away from it to the east or west. Harry Hess considered the matter and realized that this could mean only one thing: new ocean crust was being formed on either side of the central rift, then being pushed away from it as new crust came along behind. The Atlantic floor was effectively two large conveyor belts, one carrying crust toward North America, the other carrying crust toward Europe. The process became known as seafloor spreading.
When the crust reached the end of its journey at the boundary with continents, it plunged back into the Earth in a process known as subduction. That explained where all the sediment went. It was being returned to the bowels of the Earth. It also explained why ocean floors everywhere were so comparatively youthful. None had ever been found to be older than about 175 million years, which was a puzzle because continental rocks were often billions of years old. Now Hess could see why. Ocean rocks lasted only as long as it took them to travel to shore. It was a beautiful theory that explained a great deal. Hess elaborated his ideas in an important paper, which was almost universally ignored. Sometimes the world just isn’t ready for a good idea.
-- Thanks to Global Positioning Systems we can see that Europe and North America are parting at about the speed a fingernail grows—roughly two yards in a human lifetime. If you were prepared to wait long enough, you could ride from Los Angeles all the way up to San Francisco.
--Every year the Earth accumulates some thirty thousand metric tons of “cosmic spherules”— space dust in plainer language.
--> Mishra

Friday, July 6, 2007

Why Men Don't Listen and Women Can't read Maps

Great book for understanding male and female behavior, and believe me it is. It is written by Alan and Barbara Pease.  Although there is another more famous book on this topic, which you all might have heard of, Men are from Mars….But actually that is too lame kind of a book.

So what this book explains is that What we are and why we are, and to certain extent What we can do overcome our limitations. Lets for example, it describes “Fewer than 1% of all commercial airline pilots are female” and the reason is that females don’t have 3-D spatial skills. There are whole lots of other things like:

Parallel processing of female brain
Women have peripheral vision and Men have tunnel vision
Sixth sense of females and their Witch behavior
Why Men Don’t Listen and Women can’t read maps
Why females are so Touch-feely and men are Thick-skinned
Why men can do one thing at one time
Why women are great talkers and men are almost rude (or Indirect and Direct talking)

And many more. I have electronic version of this book, so if any of you feel interested, let me know. I have taken out some catchy line out of the book.
Read them and enjoy and do let me know how you liked the book.

How many men does it take to change a roll of toilet paper?
It's unknown. It's never happened.

The wiring of our brain in the womb and the effect of hormones will determine how we think and behave.


'My wife can see a blonde hair on my coat from twenty feet, but she hits the garage door when she parks the car'

On long trips, men should drive at night and women drive in the day.

A boy doesn't really lose skin sensitivity at puberty, it just all goes to one area.

Tests show that women rate three percent higher in general intelligence than men.

'It's obvious that women are smarter than men. Think about it - diamonds are a girl's best friend; man's best friend is a dog. ' :Joan Rivers

Men often choose greetings cards with plenty of words inside. That way, there's less space for them to write.

Men can mentally index their problems and put them on hold. Women churn.

A woman will verbalise a series of items out loud in random order, listing all the options and possibilities.

'Once I didn't talk to my wife for six months', said the comedian.
I didn't want to interrupt'.


she doesn't want interruptions with solutions to her problems.you're not expected to respond, just to listen.
When you're dealing with an upset woman, don't offer solutions or invalidate her feelings - just show her you're listening.

The first rule of talking to a man: Keep it simple! Give him only
one thing at a time to think about.
Men take turns talking, so when a man is having his turn, let him have it.


Men may be able to find their way from A to B via a maze of back streets, but put them in the middle of a group of women discussing a number of topics at the same
time, and they get completely lost.


If a woman is unhappy in her relationships, she can't concentrate on her work. If a man is unhappy at work he can't focus on his relationships.


To prove his love for her, he climbed the highest mountain, swam the deepest ocean, and crossed the widest desert.
But she left him - he was never home.


Men hate criticism - that's why they like to marry virgins.


Don't offer a man advice unless be asks for it. Tell him you have confidence in his ability to work things out.

Scientists have shown that homosexuality is an orientation that is unalterable. It's not a choice.

Men are Microwaves, Women are Electric Ovens.

When it comes to sex, women need a reason; men need a place.

Some men think monogamy is what furniture is made out of.

A woman wants lots of sex with the man she loves. A man wants lots of sex.

Men give their penis a name because they don't want a stranger making 99% of their decisions for them.

Ray plays his wedding video backward. He says it's so he can see himself walk out of church, a free man.

Miss Universe competitions are watched mainly by men, but Mr Universe contests turn nobody on.

Men prefer looks to brains because most men can see better than they can think.

How To Satisfy A Woman Every Time:
Caress, praise, pamper, relish, savour, massage, fix
things, empathise, serenade, compliment, support,
feed, soothe, tantalise, humour, placate, stimulate,
stroke, console, hug, ignore fat bits, cuddle, excite,
pacify, protect, phone, anticipate, smooch, nuzzle,
forgive, accessorise, entertain, charm, carry for,
oblige, fascinate, attend to, trust, defend, clothe,
brag about, sanctify, acknowledge, spoil, embrace,
die for, dream of, tease, gratify, squeeze, indulge,
idolise, worship.
How To Satisfy A Man Every Time: Arrive naked.


Men fantasise about having sex with two women. Women fantasise about it too - so that they'll have someone to talk to when he falls asleep.


Men don't fake orgasm - no man wants to pull a face like that on purpose.

What's the difference between erotic and kinky?
Erotic is when you use a feather. Kinky is when you use the whole chicken.


Most women prefer sex with the lights out - they can't bear to see a man enjoying himself.
Men like sex with the lights on - so they can get the woman's name right.


Marriage has its good side. It teaches you loyalty, forbearance, tolerance, selfrestraint, and other valuable qualities
You wouldn't need if you stayed single.


Sex is the price women pay for marriage.
Marriage is the price men pay for sex. (Used in Cheeni Kum)


Men want to wait for the perfect partner, but all they usually get is older.


Never forget that a woman is a romantic. She enjoys wine, flowers, and chocolate.
Let her know that you, too, remember these things ...by speaking of them occasionally: Woody Allen

How do you know if a man is ready for sex? He's breathing.


The flower of love is the rose. After three days all the petals fall off and you're left with an ugly, prickly thing.

If you are a woman working in a traditional male hierarchy, you have two choices: quit or masculinise.

----> Mishra

Online Radio

Bhai log, here is the list of online radio channels.

Try some in your free time.

Hyderabad Radio Channels ==> http://www.voicevibes.net/
(It has following channels:-
| RadioCity 91.1 FM - Live from Hyderabad
| S FM 93.5 - Live from Hyderabad
| RadioMirchi 98.3 FM - Live from Hyderabad
| Rainbow 101.9 FM - Live from Hyderabad)

Bollywood to Paris ==> http://www.radionimbooda.com/

Telugu Rodio ==> http://teluguoneradio.com/tori/index.jsp

RadioTarana-NewZealand ==> http://www1.streaming.net.nz/meta/tarana1.asx

106.2 HUMFM - UAE ==> http://www.humfm.com/humfm.asx

RadioOfIndia - Bollywood ==> http://www.radioofindia.com/asf/bollywood.asx

RadioOfIndia - Bhajans ==> http://www.radioofindia.com/asf/bhajans.asx

RadioOfIndia - Classical ==> http://66.238.65.109/classical

DesiSoundz - India ==> http://desisoundz.com:8000

Sabras radio - UK ==> http://ct1.fast-serv.com:8744

Haagstad Radio - Holand ==> mms://81.205.146.32:21/haagstadradio

RadioTeenTaal - Paris ==> http://www.radioteentaal.com/masala128.wax

ApnaRadio - USA ==> http://www.apnaradio.com/live/media24/ApnaRadio.asx

BombayBeats FM ==> http://www.1.fm/player/energybbfm32k.asx

Punjabi Radio - UK ==> http://azul.streamguys.com/panjabradio?MSWMExt=.asf

Amrit Bani - UK ==> http://62.25.97.192/amritbani?MSWMExt=.asf

Yarr Radio - UK ==> mms://193.218.160.20/yaarradio

Sunrise FM - UK ==> http://62.25.96.7/sunrise

Radio XL - UK ==> http://www.vtuner.com/vTunerweb/mms/m3u13219.m3u

Asian Gold Radio - UK ==> http://62.25.96.7/asiangold

Asian Sound Radio - UK ==> http://www.vtuner.com/vtunerweb/mms/mms15278.asx

Sanskar Radio - UK ==> http://www.vtuner.com/vTunerweb/mms/m3u18290.m3u

Trishul 90.5 FM ==> http://www.vtuner.com/vtunerweb/mms/mms14734.asx

City 101.6 FM - Dubai ==> http://asx.abacast.com/arabian_radio-city-24.asx

DDLive Video - India ==> http://164.100.51.209/ddlive?MSWMExt=.asf

AajKal - Asian Network ==> http://stream.servstream.com/ViewWeb/BBCRadio_music/Event/BBCAsianNetwork_hi.asx

BBC News ==> http://www.bbc.co.uk/worldservice/meta/tx/nb/live_news_au_nb.asx

Tamil ==> http://www.shyamradio.com/

General ==> http://radio.smashits.com/

Apart from these channels, people having AIM account can also listen to online Radio. It has lot of channels from different countries.

On Yahoo you can customize your favorite music to create your own channel.
http://music.yahoo.com/launchcast/member.asp

Pandora ==> http://www.pandora.com/
Search for any artist or album and
play.

Desi-radio ==> http://www.desi-radio.com/
For hindi and pakistani songs

Hindi songs
****************************
Radio Maska : http://www.radiomaska.com/


World Space Radio: http://worldspace.in/worldspace/index.php
This site has lot of channels.

BIG FM: http://www.big927fm.com/

****************************

AOL Radio ==> http://player.play.it/player/aolPlayer.html?v=4.3.10&ur=1&us=1&id=
I recommend this radio. It has huge number of channels.



Please feel free to add more links.

Agry

Thursday, July 5, 2007

Career Dilema

Hi Doston,

In last few months as i was alone in Bombay so i got the chance to observe people more closely, specially people of our own age group. What i realized was that almost all of them had same kind of confusion that is MBA/GMAT or Vertical growth or Get settled in life. Point of the matter is that almost everybody wanted to earn more money but what amazes me is that Firstly they don't know what they will do with that money. Some of them just want it for higher status, others for making properties. Nobody wants to invest it on themselves like Read a good book, some great movie, go to a new place. I see people going on vacation and still talking about there same old problems like my boss sucks or he is chaaploose ya phir my Friends are getting better pay packages, even once in a while, i also do that.

What i am trying to say is that people don't give enough importance to Quality of life, instead to Quantity. AC's or Cellphones or Laptops don't make you feel good. Develop a hobby, if you don't have one, and follow it passionately.

Matlab yeh hai ki doosron ki jindagi dekhn dekh ke apni life ko ro rahe hain.....pehle apne aap se yeh poocho ki aap us extra paise se karne kya waale ho..........i know that its little sad topic for discussion but some times we should do that also.......right.... :)

aap sab se anurodh hai ki apni apni rai vyakt karein.....

Mishra

Wednesday, July 4, 2007

Welcome Friends

Hi Doston,

As all of you know i have nothing much to do, so i thought why not create something where we can share our thoughts more appropriately. So this is why i created this blog. Main reason was that, i am quite sure all of us get to know things which we might have come across in our daily routines, which we like to share among us, but unable to do so as we meet so rarely.

So banduon aap sab se gujaarish hai ki aap sab apne vichaar aage se is blog pe vyaakt karein. It can be any topic like "Requirements for a perfect wife" or "DO's or Donts' when you go to meet your prospective bride" ya "Baal girna kaise rokein". Aasha hai ki aap sab apni rai khul ke vyakt karenge.

aapka farzi dost ------> Mishra

My Shelfari Bookshelf

Shelfari: Book reviews on your book blog