A Dozen Things Taught by Warren Buffett in his 50th Anniversary Letter that will Benefit Ordinary Investors

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1. “We are limited, of course, to businesses whose economic prospects we can evaluate. And that’s a serious limitation: Charlie and I have no idea what a great many companies will look like ten years from now.”

“My experience in business helps me as an investor and that my investment experience has made me a better businessman. Each pursuit teaches lessons that are applicable to the other. And some truths can only be fully learned through experience.”

Treat an investment security as a proportional ownership of a business!  A security is not just a piece of paper. Not all businesses can be reasonably valued. That’s OK. Put them in the “too hard pile” and move on. See my #3 in my Bill Ackman post.


2. “Periodically, financial markets will become divorced from reality.”

“For those investors who plan to sell within a year or two after their purchase, I can offer…

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The Useful Information

1) The website that loads jQuery:

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I want to be a finance Intern this summer.

This summer, I am looking to interning as a Finance/ Accounting intern. To help prepare myself for the position, I have looked at some finance and accounting internship requirement and found one description to be comprehensive. The goal of this post is to create a checklist of skills and responsibilities that are expected from a Finance and Accounting intern. The description is taken from Ubisoft– a global leader in the video games and entertainment software industry.  

This semester I have taken Accounting I and I loved it. It would be really cool if I can get Finance/Accounting  internship where I believe I have lot to offer and learn. Being energetic and passionate about what I do, I am confident that doing this internship will add value to the works of Finance department of the company I will be working for and offer me a great deal to learn. 

Internship Position–  Financial Planning and Analysis Department (https://www.ubisoftgroup.com/en-US/careers/index.aspx)

Internship Responsibilities

  • Improving forecasting accuracy by helping track marketing costs at a detail level and ensure that they are categorized properly. 
  • Providing brand managers with reports that allow them to monitor the progress of campaign spending and ensure proper management of marketing budgets.
  • Understanding why a department has spent over or under budget .
  • Preparing monthly reports, providing an overview of whether or not budgets were spent according to plan and the implications if they were not.
  • Overall, fundamental understanding of how companies spend money and what they need to  do to remain profitable. 

 

 

Finance and Accounting internship: Skills Needed and My Preparation Strategy

This summer, I am looking to interning as a Finance/ Accounting intern. To help prepare myself for the position, I have looked at some finance and accounting internship requirement and found one description to be comprehensive. The goal of this post is to create a checklist of skills and responsibilities that are expected from a Finance and Accounting intern. The description is taken from Ubisoft– a global leader in the video games and entertainment software industry.  

This semester I have taken Accounting I and I loved it. It would be really cool if I can get Finance/Accounting  internship where I believe I have lot to offer and learn. Being energetic and passionate about what I do, I am confident that doing this internship will add value to the works of Finance department of the company I will be working for and offer me a great deal to learn. 

Internship Position–  Financial Planning and Analysis Department (https://www.ubisoftgroup.com/en-US/careers/index.aspx)

Internship Responsibilities

  • Improving forecasting accuracy by helping track marketing costs at a detail level and ensure that they are categorized properly. 
  • Providing brand managers with reports that allow them to monitor the progress of campaign spending and ensure proper management of marketing budgets.
  • Understanding why a department has spent over or under budget .
  • Preparing monthly reports, providing an overview of whether or not budgets were spent according to plan and the implications if they were not.
  • Overall, fundamental understanding of how companies spend money and what they need to  do to remain profitable. 

 

 

Backpack: The Dream in Making

The Journey

Backpack is a founded with a vision, a vision which promotes originality, authenticity, and elegance. Backpack believes in creativity, sensibility, sharing and the power of cooperation. Backpack believes that sharing is what makes our civilization grow faster, allowing us to rejoice the common wisdom, collective interest, and mutual excellence. Backpack initiates its journey to stand between almost-original, semi-authentic, and counterfeits. Backpack discards the unessential friction of the status-quo by enabling us getting what we want, how we want without incurring unnecessary costs. Backpack believes in achieving harmony through high degree of commitment and dedication. Backpack immerses itself into higher complexity to bring order in higher orbit. Backpack empowers, provides choice, and encourages openness, cooperation, and communal benefit. Backpack is our dream. And we promise to work without relent for our dream.

How It Works

“Buy overseas, Pay Less”

Backpack is a peer-to-peer platform which provides you access to global market. It connects the shoppers and travelers of the world and facilitates exchange of products between them. “Buy overseas, Pay Less”-with such offering, we provide the consumers of the world to access variety of choices across markets in all continents. “Earn Money, Share Your Travel Plan”-with such supplementing message for the travelers, we encourage the travelers of the world to help build a frictionless, more original world while letting them earn money for their effort.

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We relate to those shoppers who gasp thinking why Amazon or eBay products don’t get shipped to their country. We understand their needs-the perpetual desire of owning an Ibanez Artwood Vintage, wearing an original jersey of their favorite superstar, or holding a Nikon D700 to relish all those epic moments enriching their lives. We honor their yearnings, and commits to provide them opportunities to let their dream come true.

”..what really propels is our passion to help that kid who wants an original Texas instrument scientific calculator, the book-lover who wants to read Chuck Palahniuk’s original Fight club.”

We also delight in the travelers journeying through different parts of the world and watching sunsets and sunrises while relishing the diverse experiences they had. We believe that together we grow up and our combined experiences will help us create a better world. Travelers can facilitate growth by helping people realize their potentials. We count on the travelers. We see themselves as change-agents. We believe that they also care the same way about peoples’ needs we do. Earning money for carrying products is an incentive only. It propels the process. However, what really propels is our passion to help that kid who wants an original Texas instrument scientific calculator, the book-lover who wants to read Chuck Palahniuk’s original Fight club.  Our morning starts with keeping these needs in mind. Our morning starts with pursuing what we are set out to do.

The Deal for a Better World

In this globalized economy, each nation is equipped with distinctive competitive advantages that other nations might not be blessed with. Our ease-of-life has been multiplied many-fold times. We have progressed so far but we humans are yet to reap the full benefit of innovation, efficiency, and excellence inherited by the world. Backpack wants to connect the shoppers and travelers to facilitate sharing and exchange, to promote resources that enhance productivity.

This blog post is originally published at http://www.jhalmoori.com/backpack-dream-making/

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