My approach works not by making valid predictions but by allowing me to
correct false ones. - George Soros
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
Wednesday, August 27, 2008
Quote of the Day
Quote of the Day
Tuesday, August 26, 2008
THE ROSE GARDEN
STORY-OF-THE-WEEK
THE ROSE GARDEN
Spring had brought new life to this beautiful rose garden. Each bush was
abloom with roses of different hues, shapes and sizes. The roses on three
of the bushes got talking.
The roses on the first bush were blood red in colour. The second bush had
roses in yellow with pink streaks, but their unique selling point was their
shape. Each one of them was exquisitely formed. Each fold and each petal
was a sculpted masterpiece. The third bush had soft light pink roses known
as desi-gulab or wild roses. They were not at all pretty to look at, but
they were extremely fragrant.
The red roses said, "We wish we could be given to a beloved, for red roses
are the ultimate expression of love."
The roses on the second bush said, "We are so perfect, we should be
displayed for people to see and admire."
The roses on the third bush said softly, "We hope to be able to spread our
fragrance to more and more people."
The next day, the gardener came and cut the rose stalks. He sent them to a
florist.
The red roses were bought by a rich old lady who passed them on to an
expert garland stringer. The garland stringer chopped off the stalks and
leaves. She strung the roses into an exquisite garland, adding some
asparagus ferns and silver strings. Two beautiful garlands were made and
delivered to the rich old lady. She offered them with devotion to Radha and
Krishna at the temple. The red roses were happy for they had been used by
the lady as an offering of love, to none other than Radha-Krishna the
proverbial lovers. Many devotees saw the exquisite garlands and wowed at
them. The red roses swelled with vanity. The next day the priest removed
the garlands from the deities and cast them away in a corner of the temple.
The red roses cried, "Oh Krishna! Oh Radha! We are sorry for being vain. We
were too caught up in pride to enjoy our closeness with you. Please Lord!
Give us another chance to serve you. Please do not caste us away." The
roses beseeched the Lord, but no one came forward to listen to their cries.
Meanwhile the perfect yellow roses were bought by an interior decorator and
were used to design an enormous flower arrangement along with various types
of greens. The entire set up was placed on the centre table of the entrance
of a hotel. The roses were proud for they were the centre of attraction for
all to see. Busy executives rushed past, holding their cell phones, deep in
conversation. Others hurried past, glancing at their expensive wrist
watches and talking sixteen miles to a dozen. The yellow roses preened and
smiled, but only a few people had time to stop by and admire their
perfection.
Let us pause for a moment to look into the fate of the little pink roses.
That bunch was left sitting in the shop of the florist for days, for no one
seemed to want to buy them. Eventually the florist gave them away for free
to the girl who worked in the shop. The roses wept for they felt dejected
and useless. They were almost beginning to rot and their dreams of giving
fragrance to people seemed to be quite impossible to realize. The girl took
the roses home and gave them to her mother. The mother shook off all the
petals into a huge basin of water. The petals lay immersed in the water for
days. They added some powder to the water now and then so that it would not
start stinking due to stagnation. Some days later she carefully removed the
petals and pure rose water was left behind! She bottled the rose water and
gave it to the priest in the temple. The priest used the fragrant rose
water to wash the feet of the Lord and also to sprinkle on devotees to
shower blessings on them. The roses were so happy that they literally wept
in devotion!
In the corner of the temple the repentance of the proud red roses had
finally touched the heart of the Lord. A man saw the wilting red garlands.
He picked them up and put them in the sun to dry along with many other
flowers that had been laid out for drying. When the flowers were totally
dry, they were crushed to a fine powder and some glue like substance and
some oils were added to them. A group of young workers were deputed to
hand roll the mixture onto fine sticks. Aggarbattis were made! They were
used in the temple to sanctify the area with their aroma. The red roses'
vanity was burnt away and they were reduced to nothing, but they were
happy!
What about the perfect yellow roses? They spent all their life waiting for
recognition and admiration. Eventually they wilted and the hotel cleaner
dumped them into the garbage along with the rotting peels of vegetables,
egg shells and chicken bones. Even their cries could be heard by no one.
Here is some food for thought. The end that you eventually meet with
depends upon the road you choose to take for the journey. The red roses
suffered a setback to their vanity but made up for it because they soon
realised their folly. The wild roses were focussed right from day one,
whereas the yellow roses thought about nothing, but the physical and the
mundane. Find your focus, that is of utmost importance. Perhaps you could
identify with either of the roses and in case you are on the wrong track,
this could just be the right time for you to change your track. Do you want
to end up giving fragrance to the world or do you want to end up in a
dustbin? The choice is yours!
When you came into this world, you were crying and all those around you
were smiling. Live your life such that when you are to go, you are smiling
and others are crying.
HAPPY KRISHNA JANAMASHTAMI!
SANJAY TANDON
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
THE ROSE GARDEN
Spring had brought new life to this beautiful rose garden. Each bush was
abloom with roses of different hues, shapes and sizes. The roses on three
of the bushes got talking.
The roses on the first bush were blood red in colour. The second bush had
roses in yellow with pink streaks, but their unique selling point was their
shape. Each one of them was exquisitely formed. Each fold and each petal
was a sculpted masterpiece. The third bush had soft light pink roses known
as desi-gulab or wild roses. They were not at all pretty to look at, but
they were extremely fragrant.
The red roses said, "We wish we could be given to a beloved, for red roses
are the ultimate expression of love."
The roses on the second bush said, "We are so perfect, we should be
displayed for people to see and admire."
The roses on the third bush said softly, "We hope to be able to spread our
fragrance to more and more people."
The next day, the gardener came and cut the rose stalks. He sent them to a
florist.
The red roses were bought by a rich old lady who passed them on to an
expert garland stringer. The garland stringer chopped off the stalks and
leaves. She strung the roses into an exquisite garland, adding some
asparagus ferns and silver strings. Two beautiful garlands were made and
delivered to the rich old lady. She offered them with devotion to Radha and
Krishna at the temple. The red roses were happy for they had been used by
the lady as an offering of love, to none other than Radha-Krishna the
proverbial lovers. Many devotees saw the exquisite garlands and wowed at
them. The red roses swelled with vanity. The next day the priest removed
the garlands from the deities and cast them away in a corner of the temple.
The red roses cried, "Oh Krishna! Oh Radha! We are sorry for being vain. We
were too caught up in pride to enjoy our closeness with you. Please Lord!
Give us another chance to serve you. Please do not caste us away." The
roses beseeched the Lord, but no one came forward to listen to their cries.
Meanwhile the perfect yellow roses were bought by an interior decorator and
were used to design an enormous flower arrangement along with various types
of greens. The entire set up was placed on the centre table of the entrance
of a hotel. The roses were proud for they were the centre of attraction for
all to see. Busy executives rushed past, holding their cell phones, deep in
conversation. Others hurried past, glancing at their expensive wrist
watches and talking sixteen miles to a dozen. The yellow roses preened and
smiled, but only a few people had time to stop by and admire their
perfection.
Let us pause for a moment to look into the fate of the little pink roses.
That bunch was left sitting in the shop of the florist for days, for no one
seemed to want to buy them. Eventually the florist gave them away for free
to the girl who worked in the shop. The roses wept for they felt dejected
and useless. They were almost beginning to rot and their dreams of giving
fragrance to people seemed to be quite impossible to realize. The girl took
the roses home and gave them to her mother. The mother shook off all the
petals into a huge basin of water. The petals lay immersed in the water for
days. They added some powder to the water now and then so that it would not
start stinking due to stagnation. Some days later she carefully removed the
petals and pure rose water was left behind! She bottled the rose water and
gave it to the priest in the temple. The priest used the fragrant rose
water to wash the feet of the Lord and also to sprinkle on devotees to
shower blessings on them. The roses were so happy that they literally wept
in devotion!
In the corner of the temple the repentance of the proud red roses had
finally touched the heart of the Lord. A man saw the wilting red garlands.
He picked them up and put them in the sun to dry along with many other
flowers that had been laid out for drying. When the flowers were totally
dry, they were crushed to a fine powder and some glue like substance and
some oils were added to them. A group of young workers were deputed to
hand roll the mixture onto fine sticks. Aggarbattis were made! They were
used in the temple to sanctify the area with their aroma. The red roses'
vanity was burnt away and they were reduced to nothing, but they were
happy!
What about the perfect yellow roses? They spent all their life waiting for
recognition and admiration. Eventually they wilted and the hotel cleaner
dumped them into the garbage along with the rotting peels of vegetables,
egg shells and chicken bones. Even their cries could be heard by no one.
Here is some food for thought. The end that you eventually meet with
depends upon the road you choose to take for the journey. The red roses
suffered a setback to their vanity but made up for it because they soon
realised their folly. The wild roses were focussed right from day one,
whereas the yellow roses thought about nothing, but the physical and the
mundane. Find your focus, that is of utmost importance. Perhaps you could
identify with either of the roses and in case you are on the wrong track,
this could just be the right time for you to change your track. Do you want
to end up giving fragrance to the world or do you want to end up in a
dustbin? The choice is yours!
When you came into this world, you were crying and all those around you
were smiling. Live your life such that when you are to go, you are smiling
and others are crying.
HAPPY KRISHNA JANAMASHTAMI!
SANJAY TANDON
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
GOLDEN QUOTE
Many people will want to quarrel and fight with you; realize that the only
weapons you need are a smile and a loveable attitude.
weapons you need are a smile and a loveable attitude.
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
GOLDEN QUOTE
A simple way to remove fear is to seek knowledge and understanding.
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
CONGRATULATIONS TO CS !!!!
THE FOLLOWING ARE THE GREAT PERSONALITIES OF JAB WE MET WHO HAD CLEARED
CS FINAL EXAM JUNE 2008.
JAB WE MET MEMBERS ARE HIGHLY PROUD ON THE ACHIEVEMENTS OF FOLLOWING
MEMBERS OF JAB WE MET .
NOW IT IS NOT ONLY JAB WE MET CA BUT ALSO JAB WE MET CS ! ! !
NAME QUALIFICATIONS
RAHUL 4TH RANK IN CS FINAL JUNE 2008, DOING CA FINAL
NITYA 22ND RANK IN CS FINAL JUNE 2008, CLEARED CA FINAL IN
MAY 2008
DEVESH CLEARED CS FINAL IN JUNE 2008, DOING CA FINAL
AKHIL GUPTA CLEARED CS FINAL IN JUNE 2008, CLEARED CA FINAL IN MAY 2008
WE HOPE IN FUTURE MORE MEMBERS OF JAB WE MET WILL COME UP WITH FLYING
COLORS IN WHATEVER FIELD THEY WILL JOIN.
ON BEHALF OF JAB WE MET : CONGRATULATION TO ALL !!!
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
CS FINAL EXAM JUNE 2008.
JAB WE MET MEMBERS ARE HIGHLY PROUD ON THE ACHIEVEMENTS OF FOLLOWING
MEMBERS OF JAB WE MET .
NOW IT IS NOT ONLY JAB WE MET CA BUT ALSO JAB WE MET CS ! ! !
NAME QUALIFICATIONS
RAHUL 4TH RANK IN CS FINAL JUNE 2008, DOING CA FINAL
NITYA 22ND RANK IN CS FINAL JUNE 2008, CLEARED CA FINAL IN
MAY 2008
DEVESH CLEARED CS FINAL IN JUNE 2008, DOING CA FINAL
AKHIL GUPTA CLEARED CS FINAL IN JUNE 2008, CLEARED CA FINAL IN MAY 2008
WE HOPE IN FUTURE MORE MEMBERS OF JAB WE MET WILL COME UP WITH FLYING
COLORS IN WHATEVER FIELD THEY WILL JOIN.
ON BEHALF OF JAB WE MET : CONGRATULATION TO ALL !!!
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
futures contract
futures contract
A standardized, transferable, exchange-traded contract that requires
delivery of a commodity, bond, currency, or stock index, at a specified
price, on a specified future date. Unlike options, futures convey an
obligation to buy. The risk to the holder is unlimited, and because the
payoff pattern is symmetrical, the risk to the seller is unlimited as well.
Dollars lost and gained by each party on a futures contract are equal and
opposite. In other words, futures trading is a zero-sum game. Futures
contracts are forward contracts, meaning they represent a pledge to make a
certain transaction at a future date. The exchange of assets occurs on the
date specified in the contract. Futures are distinguished from generic
forward contracts in that they contain standardized terms, trade on a
formal exchange, are regulated by overseeing agencies, and are guaranteed
by clearinghouses. Also, in order to insure that payment will occur,
futures have a margin requirement that must be settled daily. Finally, by
making an offsetting trade, taking delivery of goods, or arranging for an
exchange of goods, futures contracts can be closed. Hedgers often trade
futures for the purpose of keeping price risk in check. also called
futures.
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
DUMPING
Term of the Day
For Monday, August 25, 2008
dumping
Definition
Exporting goods at prices lower than the home-market prices. In
price-to-price dumping, the exporter uses higher home-prices to supplement
the reduced revenue from lower export prices. In price-cost dumping, the
exporter is subsidized by the local government with duty drawbacks, cash
incentives, etc. Dumping is legal under GATT (now WTO) rules unless its
injurious effect on the importing country's producers can be established.
If injury is established, GATT rules allow imposition of anti-dumping duty
equal to the difference between the exporter's home-market price and the
importer's FOB price.
dumping is in the Banking, Commerce & Finance, Customs Documentation &
Procedures, Economics, Politics, & Society and International Trade &
Relations subjects.
dumping appears in the definitions of the following terms: dual pricing,
exporter's sale price, endangerment assessment, constructed value and
release.
This content can be found on the following page:
http://www.businessdictionary.com/definition/dumping.html
with regards
For Monday, August 25, 2008
dumping
Definition
Exporting goods at prices lower than the home-market prices. In
price-to-price dumping, the exporter uses higher home-prices to supplement
the reduced revenue from lower export prices. In price-cost dumping, the
exporter is subsidized by the local government with duty drawbacks, cash
incentives, etc. Dumping is legal under GATT (now WTO) rules unless its
injurious effect on the importing country's producers can be established.
If injury is established, GATT rules allow imposition of anti-dumping duty
equal to the difference between the exporter's home-market price and the
importer's FOB price.
dumping is in the Banking, Commerce & Finance, Customs Documentation &
Procedures, Economics, Politics, & Society and International Trade &
Relations subjects.
dumping appears in the definitions of the following terms: dual pricing,
exporter's sale price, endangerment assessment, constructed value and
release.
This content can be found on the following page:
http://www.businessdictionary.com/definition/dumping.html
with regards
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
Thursday, August 21, 2008
Quote of the Day
The definition of a great company is one that will be great for 25 or 30
years. - Warren Buffett
years. - Warren Buffett
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
price to sales ratio
Term of the Day - price to sales ratio
A stock's capitalization divided by its sales over the trailing 12 months.
The value is the same whether the calculation is done for the whole company
or on a per-share basis. A low price to sales ratio (for example, below
1.0) is usually thought to be a better investment since the investor is
paying less for each unit of sales. However, sales don't reveal the whole
picture, since the company might be unprofitable. Because of the
limitations, price to sales ratio are usually used only for unprofitable
companies, since such companies don't have a price/earnings ratio (P/E
ratio).
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
A stock's capitalization divided by its sales over the trailing 12 months.
The value is the same whether the calculation is done for the whole company
or on a per-share basis. A low price to sales ratio (for example, below
1.0) is usually thought to be a better investment since the investor is
paying less for each unit of sales. However, sales don't reveal the whole
picture, since the company might be unprofitable. Because of the
limitations, price to sales ratio are usually used only for unprofitable
companies, since such companies don't have a price/earnings ratio (P/E
ratio).
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
adjusting events
Term of the Day
For Monday, August 18, 2008
adjusting events
Definition
Material events that occur between the date of preparation of financial
statements and the date of their approval by the management. Such events
must be reflected in the financial statements of a firm, to comply with the
requirement of giving a 'true and fair view' of its financial position. A
non-material (non adjusting) but significant event may be disclosed in the
notes (footnotes) to the financial statements. Also called post balance
sheet events.
adjusting events is in the Accounting & Auditing, Banking, Commerce &
Finance and Corporate, Commercial, & General Law subjects.
adjusting events appears in the definition of the following term: post
balance sheet events.
This content can be found on the following page:
http://www.businessdictionary.com/definition/adjusting-events.html
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
For Monday, August 18, 2008
adjusting events
Definition
Material events that occur between the date of preparation of financial
statements and the date of their approval by the management. Such events
must be reflected in the financial statements of a firm, to comply with the
requirement of giving a 'true and fair view' of its financial position. A
non-material (non adjusting) but significant event may be disclosed in the
notes (footnotes) to the financial statements. Also called post balance
sheet events.
adjusting events is in the Accounting & Auditing, Banking, Commerce &
Finance and Corporate, Commercial, & General Law subjects.
adjusting events appears in the definition of the following term: post
balance sheet events.
This content can be found on the following page:
http://www.businessdictionary.com/definition/adjusting-events.html
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
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