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The Mayonnaise Jar and 2 Cups of Coffee
Posted by :
vkk43
Boarder Since : 18th Apr 07
Posted 12003 messages to date
When things in our lives seem almost too much to handle, when 24 hours in a day are not enough, remember the mayonnaise jar and the 2 cups of coffee.
A professor stood before his philosophy class and had some items in front of him. When the class began, he wordlessly picked up a very large and empty mayonnaise jar and proceeded to fill it with golf balls. He then asked the students if the jar was full. They agreed that it was.
The professor then picked up a box of pebbles and poured them into the jar. He shook the jar lightly. The pebbles rolled into the open areas between the golf balls. He then asked the students again if the jar was full.. They agreed it was.
The professor next picked up a box of sand and poured it into the jar. Of course, the sand filled up everything else. He asked once more if the jar was full. The students responded with an unanimous `yes.`
The professor then produced two cups of coffee from under the table and poured the entire contents into the jar effectively filling the empty space between the sand. The students laughed.
`Now,` said the professor as the laughter subsided, `I want you to recognize that this jar represents your life. The golf balls are the important things--your family, your children, your health, your friends and your favorite passions--and if everything else was lost and only they remained, your life would still be full.
The pebbles are the other things that matter like your job, your house and your car.
The sand is everything else--the small stuff. `If you put the sand into the jar first,` he continued, `there is no room for the pebbles or the golf balls. The same goes for life. If you spend all your time and energy on the small stuff you will never have room for the things that are important to you.
`Pay attention to the things that are critical to your happiness. Play with your children. Take time to get medical checkups. Take your spouse out to dinner. Play another 18. There will always be time to clean the house and fix the disposal. Take care of the golf balls first- -the things that really matter. Set your priorities. The rest is just sand.`
One of the students raised her hand and inquired what the coffee represented. The professor smiled. `I`m glad you asked.
It just goes to show you that no matter how full your life may seem, there`s always room for a couple of cups of coffee with a friend.`
Is indian economy collapsing????!!!!
Posted by : marketman
Boarder Since : 4th Jan 04
Posted 10790 messages to date
We have been listening indian growth stories for few years.... our financial markets too witnessed the same trend till recently.... our policy makers repeatedly assuring the investors about the strongness of indian economy.... they are saying india is immune to world financial crisis....
But indian financial markets too collapsing along with the global cues.... almost all investors and many corporates are already in deep troubles.... few are doubting at some pvt sector banks for their suspicious behaviour....
We are also part of globe,india is not from any other planet.... this common logic is ignored by our policy makers and talking nonsenses on daily basis to confuse/mislead the indian investors aswell as indian public....
Atleast the chiefs of global economy taking few steps to control the situation,we havnot seen any types of mesures or useful decisions so far in india.... already stock markets fell more than 50% from their peaks within few months.... banks are struggling for survival,many corporates facing liquidty problem,few companies at the threshold of removing employees from payrolls,experts epecting subprime type issues may occur soon in india too.... interestingly indian rupee is weaken much within short span of time....
By seeing/experiencing all these ill effects,even patriotic indians doubting about the situation of economy in the country.... few people asking questions like Is indian economy too collapsing?!
0806
Respected Lord,
I think there is a communication gap between YOU and me.
What I prayed last October was
`Please take Teledata to blue chips level, within a year`
and
NOT
`Please take all blue chips to Teledata level, within a year`
Kindly correct your records asap
Thanks and Pranams,
Dear r_n, this is the second part of my response to you.
We need to take a macro view of the Indian scene. The issues at stake are not just the impact of the volatile US market. We need to keep a few more issues in the background, some of which will adversely impact Indian economy and markets in the short and medium term.
Crude prices: Indian government has not passed on the full cost of petro products to users. The subsidy is accumulated as debt in the books of refineries. These debts (of about Rs.1.5 lakh crore) will need to be passed on to public or picked up as deficit. Presently, the dues are off-balance sheet, and are national debt. Future generations will pay for them. This is unacceptable.
Pay Commission recommendations: The 6th Pay Commission recommendations were known to be coming. The quantum was not known when the budget was prepared, yet no provision was made in the revenue budget. This is another hit that will take the deficit to unacceptable levels.
Farmers’ loans write off: Again this is a commitment that the government has taken up without providing funds. It will be a debt in the books of banks that need to be settled in the future.
Fertliser deficit: The budgeted fertiliser subsidy is Rs.29,000 crore for the current fiscal. It is expected that FY09 will end with deficit of approximately Rs.110,000 crore. All raw material prices, including those of rock phosphate, phos acid, sulphur and potash have gone through the roof. Potash was USD 265 per MT about 15 months ago and is now quoting USD 625. In the same period, rock phosphate has sky rocketed from USD 50 to USD 350 per MT. Sulphur prices are up from USD 60 to about USD 800 per MT.
90% of the raw materials for fertiliser industry are imported, and in the absence of adequate protection (selling price of fertilisers are pegged at 1998 price of Rs.250 per bag of 50 kgs or Rs.5 per kg. while the cost of production is Rs.47 per kg.), the manufacturers have either shut down their manufacturing facilities (SPIC & FACT are virtually shut; IFFCO, Paradeep Phosphates have intermittent shut downs; or others have cut their daily output as in Zuari and Coromandel.
Their working capital is hit and the government is delaying payment of part subsidy, and that too they pay by Special Bonds which have no tradable market. These Bonds are encashable after 10 years, and are being sold by fertiliser companies to RBI at discount. The industry picks up loss on that account as well.
Fertiliser production is down, and Food Corporation of India stocks are coming down. At this rate, expect considerable pain in the food chain in another 12 months. I hope there is better planning and action to pre-empt any type of food crisis in 2009.
Overall, I see inflation being high for a few more quarters and the government is not addressing supply side.
Dear r_n, we do not need shocks from sub-prime mortgages, we are manufacturing our own disasters. Liquidity and solvency will become issues here. I am not frightening you, but would suggest caution. As individuals, we need to sit with cash and not be adventurous or even try to be smart.
Stock market will be volatile, with a downward bias. Scrips could get cheaper as and when the reality strikes. My suggestion is to wait it out, and let the dust settle. There is no need to hurry. The market is not going anywhere, except downwards.
.
Hi Bhavani27,
You know what upsets us the most... its the fact that miscreant boarders manage to get exactly what they want.. they edge out good and esteemed boarders who we cherish and want to stay around for a long time..
We request all boarders to ignore the Kotak followers and continue to stay on this board.. we will make sure that they don't get away with what they have done.. We have always been against Kotak - he must have a huge following because of good calls.. but we need decorum also on this forum.. if that is not maintained then we take stringent action.
-MMB Moderator
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : lovemeall26
Boarder Since : 16th Jun 07
Posted 832 messages to date
(4.83)
Hello shehnavaz,
It appears you have made a killing on messages posted by Lalit on behalf of somebody else. I also read that you have invested your entire capital in futures on maybe friday and are sitting on huge profits. Well good for you, but be careful as you are playing with fire. I mean really red hot fire. Reckless trading in futures with inadequate capital backup for any margin shortfalls is an extremely dangerous game. Maybe, you got it right this time, but believe me the day it goes wrong, your entire capital can get wiped out. Whatever you may have earned in the whole year can evaporate into this air in just one day. Yes it has happned to many people many times.
Lastly, I usually do not follow calls given by others, not even by my broker. The funny part is people from my brokerage ask me for daily levels. Lol.
take care
lovemeall26
Economic crisis-Dos and don’ts ...........
Posted by : latikav
Boarder Since : 23rd Oct 06
Posted 1182 messages to date
Dos and don’ts
• Economic crisis. market meltdown. rising interest rates. rising inflation... times are, indeed, tough. Here are 10 recommendations on what you should and shouldn`t do to keep your financial health on track.
What you should do
• Follow the news. Swinging markets and new regulatory initiatives... things are changing quickly. Each development affects different sectors differently. Follow the financial media-and Business Today`s Money section, for instance-to keep abreast of the latest developments in India Inc. and for advice on how to profit from them.
• Get your finances in order. There has never been a better time to make a budget and start paying off your debt and credit cards, personal loans, etc. If possible, transfer your loans from a bank that`s charging a higher rate of interest to one that promises a cheaper rate.
• Rethink your plans to retire. If you`re expecting to retire soon, consider holding off for a while, if possible, until things calm down. That will give you time to reassess and, if need be, modify your plans.
• Call your financial adviser. With end-of-the-year tax planning an annual ritual, now is a good time to make an appointment with your tax adviser, no matter what the economic outlook. He or she may have some advice on how to tweak your finances as you ride out the current storm.
What you shouldn`t do
• Bail out. Dumping your stocks or equity mutual funds now, when values are especially low, will guarantee that you turn paper losses into real ones. Even if there`s more downside to come, staying on course often pays off during times of economic uncertainty.
• Stop saving. Those regular contributions you`ve been making to your savings or retirement accounts are an important part of good financial discipline, and there`s no reason to stop them now. We`ve long recommended the virtue of making regular, monthly savings. Continue this habit, even if it means cutting down on other things. like the weekly family outing, or that after-office drink with friends.
• Speculate. While lower prices of shares, create opportunities, speculation can get you into big financial trouble. Avoid it.
• Take on new debt. Be careful about acquiring new debt. Economic downturns can affect job stability and investment incomes, making it difficult to determine how much debt you can handle. If you must borrow, say, to put a child through college or to buy a house, be doubly sure that you`ve examined all the options and risks.
• Stop living. Although these times demand extra caution, there`s such a thing as over-reacting. So, don`t overreact. Reflect carefully and, where necessary, adjust. But don`t stop enjoying the little things of life. You`ll only make yourself sad.
Business Today..........
Top Rate Message `Reliance 1650` Vanished
Posted by : radhika_nandlal
Boarder Since : 10th Jun 07
Posted 11470 messages to date
Moderator,
Before you wind up for the day, kindly inform the board who deleted boyplunger`s message. Thanks.
Also the senior boarders are frustrated and have quit.
Pranky quit becoz format was changed and someone hacked into his homepage.
nightowl quit becoz of continous message deletion.
Kaizen has just expressed his frustration to boyplunger about message deletion.
Vkk quit and returned thankfully for MMB.
If you introduce this automatic message deletion informtation which i suggested in my last post and also whenver a message is archived that should show up so we know the number of messages which have gone missing on account of archiving and numbers which have gone missing on account of deletion. Also archive section does not work.
The format was a big disappointment to many boarders but i am basically pitta by nature so no disappointmenst mow me down.
Will MMB close down soon anyway? Coz there is no response to these serious questions by senior boarders!
Do let us know.
Dear Moderator, Sorry to bother you but this message does not appear in your inbox hence I am posting it again.
Dear Moderator,
My message on the thread “ Reliance 1650” on Reliance board is missing. Till yesterday it was top rated message today it is gone! Vanished! Is it due to any technical reason?
Reliance is ready for bouncing back
Posted by : nadhi
Boarder Since : 6th Feb 07
Posted 1900 messages to date
Dear sharad,
I find it painful to note that good boarders are quitting. I know that you will do only the proper thing. Thanks for your affection in me all along and marking a copy of your messages always. Please send me your mail ID thro PM. I want to keep in touch with a true well wisher.
Kind regards
Nadhi
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