Saturday 19 October 2013

LEO GOODWIN

LEO GOODWIN


Leo Goodwin was born in 1886,Missouri.His father was a doctor by profession and used to travel on horses to see his patients.Leo by profession is a business men,philanthropist and founder of GEICO.







Leo completed his education as a accountant entered insurance business in San Antonia,Texas. As he became more experienced in the field of business , he came to a conclusion that industry could better serve its costumers and reduce costs by eliminating sales commission to produce premiums and directly dealing with policy holders.With this vision he founded Government employes insurance company(GIECO) in 1936.

In 1940.company experienced the taste of profit . In 1948,GIECO became publicly owned an today it has assets of $7.3 billion.


By the end of 1936, 3700 GIECO policies were in force with the 12 staff working in the company.
He believed that " if he lowered the cost in the company by marketing directly to the customers then he would be able to pass lower premiums and still can earn profits.


Leo and his wife used to work 12 hours a day to standardize the company.

In 2001, his name was given to the Insurance Hall of the Fame .

Leo was a large donor to Nova Southeastern University and he was considered as one of the primary founders .
Building that contains the University law school i,e Shepard Broad Law Center is housed in Leo Goodwin hall which is named for generous entrepreneur and visionary who was committed to advancement of education and research.

In shepard Board law center distinguished invites and legal scholars spend time to teach a seminar with the members of law center faculty,students and alumini.  


GIECO is third biggest direct writer of private auto insurance in America. 




 

ALVIN AILEY

ALVIN AILEY


Alvin was born on January 5, 1931 in Texas.Alvin was a choreographer and founder of American dance theater in 1958. He became a leading figure of 20th century modern dance.




Alvin grew up poor in a small town of Navasota.His father left him and his mother when Alvin was very young.Later he drew inspiration from black church services,a local dance hall.At the age of 12,he left Texas and moved to Los Angels.


In Los Angels,he was proved to be a gifted student in many ways.He excelled in languages and athletics.
After seeing the Ballet Russ e De Monte Carlo perform,Alvin was inspired to pursue dancing.He began studying modern dance Horten in 1949.
 

In1954,Alvin made his broadway debut In Truman Capote's short lived musical "House of Flowers".
Alvin served as lead dancer in another Broadway  musical Jamaica starring Lena Horne and Ricardo Montal Ban in 1957.
While in New York Alvin had a chance to study dance with Martha Graham and acting with Sletla Adler.

Alvin achieved the greatest fame with his own dance company tat was founded in 1958.Same year he debuted Blues suite,a piece that drew from his southern roots.
His another major work was  'Revelations',which drew inspiration from African American music of his youth.

According to Alvin American dance theater website Revelations came from Ailvin's "Blood memories of his childhood" in Texas and Baptist church .
In 1960's Alvin took his company on road .The US state department sponsored his tour which helped create his international reputation.
He stopped performing in mid 1960's but he continued to choreograph numerous masterpieces.

Alvin's Masakala language which probed the experience being black in South Africa,premiered in 1969.
He also founded Alvin Ailey American dance center the same year.He also expanded his company by establishing Alvin Ailey Repertory Ensemble the same year.

During his career Alvin choreographed 80 ballets.
In 1988 he was honored by Kennedy center for his contribution to the arts..

Alvin died at the age of 58,on December 1,1989 at Lenox Hill hospital,New York.

After the death of Alvin even today his work is being appreciated and inspired by many..
 








Friday 18 October 2013

ADOLF DASSLER

ADOLF DASSLER  








Adolf Dassler was born in 1900 in Germany.Adolf was inspired  by the single idea when he made his first shoes in 1920.He made his first shoes at the age of 20.His main aim was to provide every athlete with best footwear for the respective disciplines.

Adolf made his first shoes from the few materials that were available during war period i,e the only material available was canvas.He himself was very passionate about the athlete and was in close contact  with the sports athletes.He made a point to be present at all the sports events that was his passion towards sports.Adolf focused mainly on the classic disciples of field and track.

Athletes wore a special shoes from his workshop for the first time at 1928 Olympics game  in Amsterdam.In 1920,Adolf started experimenting with spikes.

In  mid 1930's Adolf started making 30 different shoes for eleven sports with 100 employers working on it.In two decades Adidas became a world's leading manufacturer of sport's shoe.

After the second world war in 1947,he began with 42 employers implimenting the pre-war knowlegde gained along with new ideas.He made first post-war shoes using canvas and rubber from American fuel tanks.

In 1948 he introduced ''ADIDAS'' as a company name.

A tremendous Breakthrough came when Germany team won soccer world cup in 1954 against Hungary as German team had worn boots with screws and studs that was manufactured by Adidas.

Adolf became the first entrepreneur to promote sports to make the public aware of his innovation.He started using well known athletes for sports advertisements.Jesse Qwens,Muhammed Ali etc...were family friends of Adolf.

Adolf along with his son Horst Adi created an international company that is still present in all the World's sporting events.

In mid 1960's he started manufacturing of sports apparel for competitions.
In 1963 started with the manufacturing of ball and ever since 1970 , offical match ball at all major soccer events.

Adolf died in 1978,at the age of 78.Following his death his wife Kathe and son Horst took over the charge of running the company.Horst is also responsible for establishing the brand in France.
Horst died unexpectedly in 1987 at the age of 51.

In 1989,the Adidas was transformed into a corporation.
At the beginning of 1990, after difficult transition period Adidas returned to its roots.

In 1991,Adidas launched Adidas equipment and a line of performance oriented functional footwear and apparel.
In 1993, Robert Louis Dryfus took over the management of the company.
In 1997,Adidas AG and Salomon group combined to form Adidas Salomon AG.

On January 31,2006 Reebok international Ltd.was acquired providing new Adidas group with a footprint around 9.5 billion in global athletic apparel and hardware markets.

Thursday 17 October 2013

SHIV NADAR

SHIV NADAR

Shiv Nadar was born in 1945 in Moolaipozhi village,Tutocorin district,Tamilnadu.
Father: Sivasubramaniya.
Mother:Vamasundari Devi.


Shiv completed his graduation from American college,Madurai and also completed his engineering in electricals and electronics branch from PSG college of technology.
He started his career at Walchand group's cooper of  engineering in Pune in 1967.

Shiv Nadar is a top entrepreneur,chairperson and chief stratergy officer at HCL technologies.a global IT service company with its head quater in Noida,India.
He is the richest person and a billionaire of worth 4.2 billion dollars.He founded HCL technologies in mid 1970's and transformed IT hardware company to IT enterprise over three decades.

Shiv along with Ajai Chowdary,Chairmen HCL infosystems,Arjun Malhotra,Subhash Arora,Yogesh Vaidya and DS puri started with the micro computer to sell teledigital calculater with the called "tele vista".
He later started HCL in 1976 with investment of 1,87,000 along with six founders.Company enjoyed unexpected profits when IBM left India.This provided a wide market exposure for his microcomputer in India.

Shiv along with three others started with NIIT,with need for computer education in the society.He was the largest shareholder in NIIT.He held his shareholding till 2003.
In 1984 he also started with HCL office of automation.This became India's leading office solutions.He also developed a personal computer solution called Burybee and UNIX platform based solution.By 1987 HCL ranked India's number one company.

HCL America was setup in 1989.Due his wrong assumption about what market needs,led to drastic loss in World's largest market.Later HCL joined HP and created a joint venture..In mid 90's Shiv ventured inyo a sale agreement with Nokia and Sony ericson to promote their product in India.
He shifted his focus from IT hardware to IT services.HCL-HP merged into HP and the joint venture broke.

By 1998,Nadar had established five companies:HCL technologies,HCL infosystems,HCL comnet,HCL perot,NIIT.

In 2007, Vineet Nayan was titled as CEO of HCL technologies and Nadar continues to be the chairmen.

AWARDS 

1995-Dataquest IT man of the year award.
2005-CNBC Business excellence award.
2006-Honary fellowship of All India Management Association award.
2008-Padmabushana award. 
2009-Forbes 48 heros of philanthrophy in Asia Pacific award.
2010-Dataquest life time achievement award.

Shiv Nadar serves  10% of his wealth for philanthropic endeverous......
 
 
 



 
 

Wednesday 16 October 2013

DONALD TRUMP

DONALD TRUMP




Donald John Trump was born on June 14,1946 in Queens,New York.Donald's father Fred Trump is a development and marketing head of real estate in New York.He completed his schooling at Kere forest school in Queens.He was passionate about football and baseball as well.Donald participated in various football and baseball matches and won prises.

After graduation in 1968,in bachelor of Economics he joined his fathers real estate company.
In his book Trump:"The art of the deal " Donald expressed his thoughts of his life at university.
At the age of 13yrs his parents sent him to military school in New York.Trump became a honorary worker in the campus NYMA(New York  military Academy). 

He began his career in his fathers company.Trump organization mainly concentrates on the areas of middle class rental housing.One of his first projects were renovating Swifton village apartment complex in Cincinnati,Ohio.He converted 1200 unit apartment complex and the rates from 60% to 100%.When selling back Swifton village to $12 million ,Trump organization got a  profit of $6 million.He also successfully developed the field of property for Javits convention centre .
 One of his projects worth $110 million was made New York pay between $750million to $1billion.

In 1990,as an effect of recission,Trump had a trouble paying its debts.He even faced problems of paying loans ovar three casines equal to one billion dollars with high rate of interest.Although he had to maintain his business with additional loans , skyrocketing debt also added another debt problem.
On novemeber 2,1992 Trump plaza hotel was forced to pay 49% of its profit to the banks as he was not able to pay the loan.

In 1994, he lost 900 million dollars from his personal account and a even saw a drastic loss in the business sector of 3.5 billionn dollars.
According to the former members of Trump organisation,Trump did not return all his ownership of real estate.Owner of thr real estate promiced to pay 30% of the profit when buildings has been built or sold.Until then owner had to built a working Trump organization.

Donald appeared in the media with the animated version of TV serials and Home alone 2. In 2004 he became executive producer and host of NBC reality show.In 2007 he recieved a award for the Apprentice program by recieving a star on hollywood walk of the fame.He is also a fan of wrestling entertainment.

Miss Universe organization owned by Trump and NBC produces Miss Universe.Miss USA,Miss teen USA.
In 2005 he launched a business education company called Trump University.In January  2006 he launched an online travel website Gotrump.com.

Today Trump name is associated not only with real estate but also with everything from bottled water to Vodka to disposal cups..

so friends failure is the stepping stone for success.Dont give up your goals for the reason of failure..Try hard,success will follw you..

 

SIR ALLEN SUGAR

 ALLEN SUGAR
Hi friends,Very warm welcome to you all for my blog. My best buddies Join hands i am here to take you through a wonderful journey of Sir Allen Sugar's life.

I know all of you are on toes to know about this fabulous entrepreneur.Here we go friends.......

Sir Alan Sugar was born in Londen's east end, Hackney in 1947.His father was a tailor.
Alan left his schooling at the age of 16 and decided to get his own reputation in the society.He started on his own without expecting anybody's support.To begin with,without any hesitation he started selling vegetables in his van.Later he started to sell car aerials.
soon Allen launched a company called Alan Michael Sugar Trading at the age of 21. He experienced a immense profit in the business and started with a manufacturing business starting off with a turntable covers in 1970.

Alan's immense potential as an entrepreneur pulled him to make something with high retail value from cheap components parts.With this state of thinking and putting in terms of action got him lots of money and reputation.

Basic Entrepreneurial concept ended up in making Sir Alan a millionare. In 1986 he launched the Amstrad word processor.This machine was popular across Europe as it was affordable but it still cost much less to put together than to buy.His company at this time was high up in Londan's stock exchange and saw tha profit double throughout 1980's.

In 1990,.he brought Tottenham hot spur football club which led to a immense loss of his money.At this time he himself reffered as "waste of my life" having sold his remaining shares in the club in 2001.

Although Sir Alan's technical business ideas are far from what he has lost.

Alan is currently manufacturing digital set top boxes and marketing devices.The tag line of Alan is
"Hardwork is Prequsitive of success , business oppurtunities lie everywhere".
Revolution of technology especially computer technology offers immense oppurtunities.

So friends the story of Alan is really a bright path for the ones with zeal of becoming an entrepreneur.
The morals from Alan that we can implement to step forward as a person with immense value and reputation is:
->Oppurtunites are everywhere.Please do recognise and utilise opportunites for a better life.
->Dont hesitate to do anywork thinking its not a work for my level.Small drops of water will form join to form sea so friends every work has its own value.Those small work only fetch you more experience.
->once you become an entrepreneur uo's and down's are in your way.Dont loose your confidence.Go ahead with the thought of "LET GO" the bad times.

So buddies hoping to have inspired you all a bit with a Life journey of Sir Alan Sugar,signing off.Keep waiting for my next blog..See you soon......
THANK U ALL
 

Tuesday 15 October 2013

HASSINA SYED(ENTREPRENEUR OF AFGHANISTAN)

HASSINA SYED

An outspoken 30yr old former refugee and mother of two,despite numerous obstacles,including threats by warloads , government officials and rival male interests who deeply resent a female in their presence.
 Hassina now ranks as one of the most successful successful entrepreneurs in Afghanistan.She is the founder of "Non profit Afghanistan National women's organization(NOW)" along with creation of her own expanding companies.
NOW helps women to develop their own livelihoods.

At 31, Hassina Syed holds an advance degree in business that only few can rival.Its not that she received through formal studies at university.She has earned it being a young female entrepreneur who has managed to amass a mini conglomerate in war torn Afghanistan and a male dominated business world.
 "They will let women do a small business , which they don't care about,''says Syed,who went into business 12yrs ago.''But once they discover a women is doing positively well they really want to stop her by any way.But i never listen because my father,my husband and family are always supporting saying 'you can do it '' these were the words by Hassina.

Hassina is in U.S as a part of month long program sponsered by US state department that gives rising women leaders in emerging economics a chance to learn from some of this countries most powerful female executives.Her mentor,Lora Villarreal,executive vice president and chief people officier of Dallas based affiliated computer science Inc.thinks Syd's story is worth sharing.

Ironically Oama Bin Laden laid a foundation to Syed's grow network of business.
When Taliban collapsed in 2001,Bin Laden fled Kabul owing 3 months rent for his 4th wife's  house.Desperate for money , the landlord demeaned himself by letting 22yr old Afghan women pay $300 tab and taken over the lease "He needed money and i had money so he didn't care . I fixed a problem "says Syed.

Hassina who borrowed money from her father,she spent $200 more sprucing up to two story house and then opened it as bread and breakfast for foreign corespondents. One of them Peter Juvenal, a celebrated freelance cameramen who worked for BBC and CNN became her husband.

Today a larger and relocated Gandamak lodge is a hotel of choice for foreigners-mostly members of the media , executives and international officials.Time magazine featured it last month in an article named ''Kabul nightlife":thriving between bombs.

Syed's other business are thriving in midst of chaos as well.
As chief executive of Syed group of companies,she owns a distributerships that imports military vehicles from England,repaints them and sells them to Afghan civilians;a security consulting firm and labor staffing company.

She also runs a experimental farm where she teaches farmers about drip irrigation system and hot houses.She buys their fruits and vegetables,sells them in Dubai and India through her international food trading company.

Hassina is the only women in 3000 member Afghan chamber of commerce and was the lone female in president Hamid Karzai's 40 person trade delegation to Europe,China and India in 2008.Her 39 male counterparts were horrified that she came unchaperoned and told her so.

She is very much pioneer in doing her own things because she doesn't expect any support from anybody says Juvenal,who is traveling with his wife as she visits ACS facilities around the country
a businessperson."That's so great about her experience here.To be in society with women are bosses of their business is a great tonic to her.In Afghanistan she has no peers.

So one of Syed's favorite takeaways from her U.S. experience is a new phrase. "I'll get back to you," she says pointing a manicured finger as she practices the line. "This gives me a really nice sentence. I can always use it."


so friends women if determined on her goal she can do anything even with piles of obstacles.so please support women in her every single step than trying to pull her down!!!!!

Thank you all


 
 

Sunday 13 October 2013

Android Technology

ANDROID TECHNOLOGY
Company/developer :google
                        (open handset alliance)
Programed in : C(core),C++,Java.
OS family : UNIX-like.
Intial release : 23/9/2008.
Latest stable release : 4.3 Jelly bean/August 23,2013.

Android is a Linux based O.S designed primarily for touchscreen mobile devices such as smart phones and tablets computers . Intialy developed by Android,Inc..which  Google backed financially and later brought in 2005. Android has unveiled in 2007 along with founding of open handset alliance:a consortium
of hardware,software and telecommunication companies devoted to advancing open standards for mobile devices.
First Android powered phone was sold in october 2008.
Android is a open source and google releases the code under Apache license.
Android has large community of developers writing applications that extend the functionality of devices written primarily in customized version of Java programming language.
Android is the worlds most widely used smart phone platform overtaking the symbian in fourth quater 0f 2010 and the software of choice for technology companies who require a low cost,customizable,light weight O.S for high tech devices without developing one from scratch.

Features of Android:

1)Connectivity : Supports connectivity technologies including GSM ,IDEN,CDMA...

2)Messaging : SMS , MMS are available form of messaging including threaded text message and android cloud to device messaging.

3)Web browser : web browser available in Android is based on open source web kit layout engine coupled wit chrome's V8 Java script engine.

4)Media support : Android support the following audio/video/still media formats:Web M , H.263 , AAC , HE-AAC, JPEG,MP3.

5)Streaming  media support: RTP/RTSP streaming ,HTML progressive download ,Adobe flash streaming and HTTP dynamic streaming are supported flash player.

Android gives everything you need to built best in class application experience.It gives you a single application module that lets you deploy your application broadly to hundreds of millions of users across a wide range of devices from phone to tablets and beyond.....

Saturday 12 October 2013

Malala Yousafzai

MALALA YOUSAFZAI

(Pakistani teenager among top ''NOBLE PEACE PRIZE'' contenders)

There are several good reasons why this year's noble prize should be awarded to teenaged Pakistani activist Malala Yousafzi.The petition endorsing her nomination has already received support from an illustrious list of global personalities including Canadian Prime minister Stephen Harper.That apart, Malala has emerged as a champion of literacy and girl child education is extraordinary circumstances.It is the fact that needs to be recognized through the award.

Shot by Taliban gunmen in her native Pakistan for daring to attend school, Malala's life story stands out as a symbol of bravery and conviction like no other.She first provided evidence of the activist in her when she was invited to write a blog about life under Taliban for BBC in 2009.Highlighting her plight to obtain an education in regressive environment,she instantly came to represent struggles of girl child in the developing world.

True,other nominees for this year's Noble prize may have better record of effecting tangible changes on the ground.But Noble is also awarded to promote the ideas and shape policies.

There is no denying that Malala Yousafzai is a brave girl,but conferring a Noble prize on a 16 year old would be premature on the part of the committee that bestows the honour.

Malala is indeed an icon of hope and courage for girls and women.Malala has already been honoured with several recognitions including Harvard Universities humanitarian award 2013 and the Tipperary International peace award.

She will be worthy of Noble prize when her courage will tangibly improve the lives of fellow women in Pakistan and rest of the world in the years to come.


Keep the fire in you burning

KEEP THE FIRE IN YOU BURNING

Whichever part of the world you leave in,one aspect of life that is common is the need for organization or discipline,in your life. A time table is important to organize your life . Unorganized life is a miserable life.With organized life you can discover more,you can live better,you can do something good,you can make your life more useful.

 If there is no discipline in life,you only recreate hell.When i say discipline,many say i cant get up early.Discipline does not begin and end with waking up early.It is not important when you wake up,but what do you want to wake up to??if i don't no what i wake up for ,then it does not just matter.

There are people who tell me they sometimes feel there is no need to wake up.I say very good!!if you are that there is no need to wake up,then don't wake up,keeping sleeping!!!!!!at least you have clarity,with confidence that you need not get up!!..It is the inertia that is not allowing you to get up.

When you are lazy,when you are full of inertia,you are full of negativity,so you have a problem that is not allowing you to sleep or wake up.So never be a victim of laziness,inertia or negativity.These three things are like termites and they will eat your life.

Sit quietly with yourself to discover why should i wake up.Try to be more and more with yourself.And when you are with yourself,then discover the fire inside and make your fire stronger.If your firing is burning means your life is okay.The day your fire stops burning there will be no more life.

If the fire is stronger,that fire can make your life useful,it can make your life purposeful.When our fire is dying,there is no joy,no interest,but only negativity.So keep your firing burning really bright.

The timetable of routine helps to get you through the day.Organizations is the blueprint on which your life will run.It is the timetable of your life.

knowledge management

KNOWLEDGE  MANAGEMENT PARADIGM

The best and the very well known model of the knowledge Management [KM],  the human  brain. The five senses touch, taste, vision, hearing, and smell, collect the data.The brain computes the data, convert it into information and stores it in the memory. One part in the left half of the brain interprets the data while the right half applies logic and starts a thought process. Somewhere else in the brain inquisitiveness pops up its head and investigation starts. The intuitions comes to the aid from somewhere. Feedback is collected from the environment. Finally, a concoction of information,intelligence, intuitions, investigation, and inquisitive is formed and knowledge is formed.

 Intelligent and gainful management and utilization of knowledge brings in wisdom, which results into prosperity, well being and creativity to the individual as well as to the society.

 The technological revolution that is continuously taking place in the world over and the feasibility of collecting enormous amount of data, getting it processed into information, storing the information and converting it into knowledge by of the computer technology has made it possible to have repository of fathomless and limitless expanse of ocean of information and knowledge. The management knowledge using tools,techniquesof processes has became a lifeline for the citizens not only for keeping themselves afloat on the ocean [of knowledge] but also for navigating them to their cherished dene stination.

Knowledge by itself is an abstract perception. It takes different forms and  the content depending upon the context of the situation one is dealing with. There is explicit knowledge in the head of an individual about the phenomena, events and the physical entities one experiences or comes across. In the context of an organization, its 'knowledge' is its 'know-how', its proficiency,its capability to take important strategic decisions and above all, its human intellectual property Rights,patents,trademarks,business plans, intutive predictions about future etc. People create synergy by partipating in brainstorming sessions and information exchange processes and apply tacit knowledge to find solutions to the encountered problems as well as to develop new techniques, know-how, processes and product.

knowledge management basically comprises of the following:

1]Knowledge creation: generation data,process into information,learn,research and collate the distributed knowledge.

2]Capture knowledge from memories,personal notes,etc..

3]Store the knowledge in knowledge repositories like web servers,data bases etc..

4]Share the knowledge with people through knowledge fusion into the society.

5]Manage the knowledge through the smart minds of motivated,committed and knowledgeable indivisuals.

Dr A.P.J.Abdul Kalam has given a new dimension to the the Knowledge paradigm and suggested that the world knowledge platform should be created.

This is all about knowledge management which is very much essential for students at graduate level.

@@THANKING YOU ALL@@

Tuesday 8 October 2013

WARREN BUFFETT an "inspiring philanthropist''

 WARREN BUFFETT     

FULL NAME:Warren Edward Buffett.

BORN:August 30,1930 in Omaha,Nebraska,U.S.

EDUCATION:Master of science in economics.

OCCUPATION:Chairmen and CEO of "Berkshire Hathway''(largest share holder)

 Warren Buffett is an American business maganate,invester and philantrophist.He is widely considered as the most successful invester of 20th century and is conistently ranked among worlds wealthiest people.He was ranked as the worlds wealthiest person in 2008 and as 3rd wealthiest person in 2011.In 2012 American magzine "Time" named Buffett as one of the most influential person in the world.

Warren Buffett is noted for his adherence to the value investing philosophy and for his personal fugality despite his immense wealth.

Buffett is also a notable philanthropist,having pledged to give 99% of his fortune to philanthropic cause primarily via ''Gates foundation''.

During his early life Buffett went door to door selling chewing gum,coca-cola,weekly magzines etc...even though his father Howard Buffett was a U.S.Representative.

Friends let me have your attention for a while now..

My dear friends inspiring life of Warren Buffett can now be applied to the people of 21st century who is right now a blind belivers of a thought that  "MONEY brings LUXURY and STATUS''hence earn money in any way possible by being selfish and suppresing some one elses life.This is the inference drawn by majority of the people in the society.

I strongly oppose this mentality of people.Now a days people are getting more educated but with less moral values.Talent of every indivisual is not recognised because of which we are running only to score on paper and not on mind.

So friends if we are determined about our goals and moral values then we will be automatically recognised by the society and can even have a better satisfaction of living a proud and humble life.

so friends taking you all back to a beautiful life of Warren Buffett.

In 1962,Buffett became a milloniar because of his partnerships.Later he merged all his partnerships to one partnership.Buffett invested in and eventually took control of textile manufacturing firm ''Berkshire hathway''.

Buffett became a billionaire on paper when Berkshire Hathway began selling class A shares on May 29,1990.

Buffett ran into criticism during subprime crisis of 2008-2009 i,e during reccesion  period.In 2009 he had said that economy had fallen off a cliff .In May 2012 Buffett's acquisition of  media general consisting of 63 news papers in south eastern U.S. was announced.

Buffett's thought on his wealth is as follows..........

''I dont have any problem with guilt about money.The way I see it is that my money represents an enormous number of claim checks on society.Its  like i have these little pieces of paper that i turn into consumption.If i would wanted to do,i could hire 10,000 people to do nothing but paint my picture everyday for rest of my life and GDP would go up.But utility of product would be zilch and i would be keeping those 10,000 people from doing AIDS research or teach or nursing.I dont do that though.I dont use very many of those claim checks.There's nothing material i want very much and i am going to give virtually all of those claim checks to charity when my wife and i die''

so friends lets start walking towards creating a new ''ERA'' with all wonderful inspiring  people and their thougths around.

Hoping to have given best of the information...

THANK U ALLLL.........