Campus recruitments in India

- Chellamuthu Kuppusamy

With more engineering colleges than decent primary schools, India is producing countless engineering graduates primarily aiming at the lucrative IT industry. These guys look forward to their campus recruitment drives to land up with Infosys, Wipro, HCL and the likes - much to the envy of their parents and uncles next door.

What would these uncles and fuming distant relatives do if they learn about IIT campus recruitment (whatever they call it) outcomes in IIT. Of course, they might have heard about big ticket salaries for IIM gards, but for techies ..

Yes, guys are booked from IITs in the mid Rs 20 lakhs range. No need to be hyped about Samsung's annual package of $150,000 (Rs 81.6 lakh) offered to IIT Madras students. The posting is going to be overseas. But offering more than 20 lakhs tells why we have mushrooming IIT coaching centers in every city right from 7th standard.

Parenting is consumed by envy and greed. Not easy being a parent and good person at the same time, like you are either happy or right in marriage.

News about IIT placement

New book 'Warren Buffett - an Investography'

I am very happy to share the news about a new kindle book Warren Buffett - an Investography. It can be read from amazon.com site. It can be read with Kindle device. Otherwise it can can also be read on your desktop or laptop by installing free ‘Kindle for PC’ application that can be downloaded from http://www.amazon.com/gp/kindle/pc/download.

For detailed information about how to read kindle books in PC, please refer to this previous post.

Writing a new book on Warren Buffett is a challenging things since volume of books are already written. Like sex, reading

Warren Buffett biography

, is never going to bore.

Now product description of the book from amazon site.

Interesting account of world’s most successful investor. The book gives a detailed information on how a boy from Omaha became most revered man amongst investors around the globe. 

Warren Buffett had been the wealthiest man in the world. He has been number two and number three. He accumulated every penny of his fortune from the word go. Not only that. He multiplied in many times and helped whole lot of his shareholders becoming millionaires in that process. He is a standing example that success in stock market is nothing but manifestation of commonsense and high school mathematics. 

Contrary to the popular belief that you should be in Wall Street to operate in financial world, he stayed back in Omaha and inspired average men and women like us that any one of us can beat the market filled with self-styled experts. He mockingly said, “Omaha is as good a spot as any. Here you can see the forest. In New York, it's hard to see beyond the trees”

He focused his time, energy and capital into meaningful investment opportunities. In his own words: “I'd rather have a $10 million business making 15 percent than a $100 million business making 5 percent”

He developed a clear conviction which directed his investment decisions. He kept on remembering the words ‘You are neither right nor wrong because the crowd disagrees with you’ of his mentor Benjamin Graham, and acted upon his ‘Buy when others sell and sell when others buy’ mantra. He said, “You are dealing with a lot of silly people in the marketplace; its like a great big casino, and everyone else is boozing. If you can stick with Pepsi, you should be okay.” Buffett strongly recommends to turn a blind eye to all stock recommendation from brokers. If asked why, he would say: “Never ask a barber if you need a haircut.”

When the markets peaked he had the mental strength to hold his nerves by saying, “I feel like an oversexed guy on a desert Island. I (didn’t) find anything to buy”. When everyone shied away from equity investment he jumped in declaring, “I feel like an oversexed guy in a harem. This is the time to start investing”

Though he kept on saying that a fat wallet is the enemy of superior investment results and his past achievements could not be replicated in the future, he kept on beating his own estimates and continues to add wealth to Berkshire shareholders.

Perhaps no other practicing capitalist has done so much towards investor education and improvement of corporate accountability as Warren Buffett. On top of that, he has pledged to give away his hard earned money back to the society through philanthropy, instead of passing on the estate to his heirs. 

Buffett said, “The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.”

This book chronicles his transformation from a little known boy to world famous investor, both in terms of wealth and wisdom. Should benefit common public and investors alike in helping themselves.