Work

By Kahlil Gibran --

 

If you cannot work with love but only with distaste, it is better that you should leave your work and sit at the gate of the temple and take alms of those who work with joy.

Let it flow

Witter Bynner, inspired by Lao Tzu's 15th verse of Tao De Ching:

 

"How can a man's life keep its course IF he will not let it flow?

Those who flow as life flows know THEY need no other force:

They feel no wear, they feel no tear,

They need no mending, no repair."

 

 

Journey to Ixtlan

"Personal history must be constantly renewed by telling parents, relatives,and friends everything one does. On the other hand, for the warrior who has no personal history, no explanations are needed; nobody is angry or disillusioned with his acts.  And above all, no one pins him down with their thoughts and their expectations."

 

----- Journey to Ixltan, Carlos Castaneda

The Real thing

"My teaching is like finger pointing towards the moon.  Don't mistaken the finger for the moon." --- Buddha

Dancing in the rain

A blind girl hated herself because she was blind.

She hated everyone, except her loving boyfriend.

He was always there for her.

She told her boyfriend, 'If I could only see the world,
I would marry you.'

One day, someone donated a pair of eyes to her.

When the bandages came off, she was able to see everything, including her boyfriend.

He asked her, 'Now that you can see the world, will you marry me?'

The girl looked at her boyfriend and saw that he was blind..

The sight of his closed eyelids shocked her.

She hadn't expected that. The thought of looking at them the rest of her life led her to refuse to marry him.

Her boyfriend left in tears and days later wrote a note to her saying:
'Take good care of your eyes, my dear, before they were yours, they were mine. '

This is how the human brain often works when our 'status changes'.

Only a very few remember what life was like before and who was always by their side in the most painful situations.

Life Is a Gift

Today before you say an unkind word -Think of someone who can't speak.

Before you complain about the taste of your food - Think of someone who has nothing to eat.

Before you complain about your husband or wife - Think of someone who's crying out for a companion.

Today before you complain about life -
Think of someone who went too early to heaven.

Before you argue about your dirty house that someone didn't clean or
sweep -Think of the people who are living in the streets.

Before whining about the distance you drive - Think of someone who must walk the same distance.

And when you are tired and complain about your job - Think of the
unemployed, the disabled, and those who wish they had your job.

Before you think of pointing the finger or condemning another - Remember that not one of us is without error.

And when depressing thoughts seem to get you down - Put a smile on your face and thank God you're alive and still around.

 

 

"Life isn't about waiting for the storm to pass... It's about learning to
                           dance in the rain.'

Have a fruitful day, my friends . . .

Epicurus by Alain de Botton

 

Greek philosopher Epicurus on being HAPPY

 

• Friends
• Freedom (from money, rules, deadlines, )
• Analyzed live (self-audit)

Valuation of stocks -- Vitaliy N. Katsenelson

 

Q-G-V

 

Quality --

• competitive advantage
• Management
• Predictable Earnings
• Strong Balance Sheet
• Significance of Free Cash Flows
• High Return of Capital

Growth --

• Sources of earning growth and dividends -- the past
• Future engines of growth
• Dividends

Valuation --

• DCF models
• Relative valuation versus absolute valuation
• False precision
• Margin of Safety
• Absolute P/E
• P/E compression

Valuation and Growth are joint at the hip -- Warren Buffet

Quality makes sure the company is still around to collect the fruit of its work.

 

 

Good quality and good growth but expensive valuation --- great company does not mean great stock

 

Good quality company with reasonable valuation but low on growth -- increase Margin of Safety

 

Good growth story with reasonable valuation but low on quality -- the MOST dangerous kind of stock to own