Showing posts with label wealth creator. Show all posts
Showing posts with label wealth creator. Show all posts

Tuesday, October 14, 2008

Sergey Brin

Sergey Brin





One of the youngest self-made billioniare entrepreneur who worth $13billion in 2006. Sergey Brin born in Moscow and came over to United States with his family in a young age.

With an affinity for mathematic and computer, He took a master degree in computer science in Standord University. There, he got interested in data mining and pattern extraction and met Larry Page.






Both had started ' Backrub' in 1996 ; a search engine based on ranking sites based on the back links to them from other sites. After that , it changed to ' Google' named after " Googol" , the mathematical term for a 1 followed by 100 zeros.



They also created "toolbar" to allowed viewers to search without visiting the site.



Adwords is simple links paid for by advertisers on a pay-per-click which did not need a sales team to grow.

AdSense enabled website owners to earn income by featuring targeted adWord links to their sites.

With Adwords and AdSense , Google is controlling searches and become " toll Collector " of sponsored search traffic between sites.



In addition to create an unbeatable aggregation of global content , ' Google Earth ' provided global information geographically and ' Google Maps ' provided all local street information.

' Froogle ' aggregates product from online shopping websites and ' Google Groups ' gathers the online discussion groups.



In Google's prospectus is to be ' Don't be Evil '.

The company strongly believe that in a long term, we will be better served - as shareholders and in all other ways - by a company that goes good things for the world even if we forgo some short term gains.

Brin said " We always heard the phrase , money doesn't buy you happiness; but I always in the back of my mind figured a lot of money does buy you a little bit of happiness."

But if today we were motivated by money , we would have sold the company a long time ago and ended up on a beach.

Sunday, October 12, 2008

Li Ka Shing

Li Ka Shing

He known as 'Superman" in Hong Kong because of his business capability.


The Cheung Kong Holding was named after the Yangtze river that flow through China, a great river that aggregates countless streams and tributaries.


As he said recently,
I loathe the social scene, I don't like cultivating relationship and I'm too emotional. These are weakness in doing business. First, I'm thirst of knowledge.Secondly, I work hard which can compensate for some of weakness. I know what is right from wrong. I long for frugal life. In general, frugal people have more time. This attitude had help me to achieve the best results and best returns for my shareholders.


" To build wealth, you need to control but not own the assets."


" If you think, you will prepared,
If you prepared, you will have no worried."


He is not only good in business but he does always remind and cultivate the people about the important of knowledge. He used to bought secondhand books whenever he had spare money and he absorbed them before trading for more books. Even today, he read before sleep.


He said " Knowledge changed fates ". The reason was knowledge is not a guarantee of lifes of riches but it does open the door for opportunity. Recognised more opportunity is the best that you can expected.


He had build many medical projects and libraries for the society as he know how it feeling to be lonely and helplessly when he see his father suffer and died of tuberculosis. He named it as " Third Child" foundation.

Benjamin Graham




Benjamin Graham



Known as 'The Dean of Wall Street' and recognised as 'father of Value Investing.He is a mentor for many modern investors like Warren Buffet , Irving Kahn and William Ruane.



He created "investor Bible" named Intelligent Investors.

He believes that wealth creation doest come from taking greater risk but from taking less risk. With research and better bargains led to higher margin safety. This is be the lowest risk and the return will be highest.

As he said,
Risk correlation wasn't with reward but with research.

Right time to invest is

The lower the market value was against the calculated intrinsic value more attractive the investment was to buy.

He quoted :

While enthusiasm may neccessary for great accomplishment elsewhere, in Wall Street it almost invariably leads to disaster.