In this post, I explain the mark-to-market scheme (or accounting mechanism) in plain English. Marc Andreessen says – That’s it, public company accounting is broken – on how public companies including big banks and brokerage houses are claiming profits on their books by marking down their own debt obligations. Here is what he has to […]
buffett
Charlie Munger’s lessons on life
Just read, Sharad Sharma’s excellent blog post on Charlie Munger’s commencement speech that summarizes some core principles and ways of being that one should embody for happiness and success. For those who do not know Charlie, he is a close friend and business partner of Warren Buffett (yes, that guy who made & then gave […]
Warren Buffett buys into Web2.0 conept with $60 Billion
Warren Buffett may not realize it or even know of web2.0 but he is tapping a core concept of Web2.0 i.e., user-generated content, to figure out how to invest hordes of cash that his company generates every year. Currently, his firm Berkshire Hathaway is sitting on $40 billion and he needs to find places to […]