Hardik’s Info

In the Krugar National Park, South Africa.

Watch the whole video. This is one of the great example of team work!!!

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• Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.
• You should invest like a Catholic marries–for life.
• I don’t try to jump over 7-foot bars; I look around for 1-foot bars that I can step over.
• My idea of a group decision is to look in the mirror.
• Invest in a business that even a fool can run, because someday a fool will.
• The most important thing to do if you find yourself in a hole is to stop digging.
• If at first you do succeed, quit trying.
• I want to be able to explain my mistakes. This means I do only the things I completely understand.
• If they need my help to manage the enterprise, we are probably both in trouble.
• If we can’t find things within our circle of competence, we don’t expand the circle. We wait.

Read full article at:  Forbes.com

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today I come to know about term “Crowdsourcing“…  “Crowdsourcing” is a neologism for a business model that depends on work being done outside the traditional company walls: while outsourcing is typically performed by lower paid professionals, crowdsourcing relies on a combination of volunteers and low-paid amateurs who use their spare time to create content, solve problems, or even do corporate R&D.

Two good examples are:

http://www.mturk.com/mturk/welcome

http://chacha.com/ (Search with Guide)

Source: http://www.answers.com/crowdsourcing

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In mainstream economics, the word “inflation” refers to a general rise in prices measured against a standard level of purchasing power. Inflation is measured by comparing two sets of goods at two points in time, and computing the increase in cost not reflected by an increase in quality. There are, therefore, many measures of inflation depending on the specific circumstances. The most well known are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole economy.

Commonly used measures of inflation

• Consumer Price Indices (CPIs) which measure the price of a selection of goods purchased by a “typical consumer”.
• Cost-Of-Living Indices (COLA) which often adjust fixed incomes and contractual incomes based on measures of goods and services price changes
• Producer Price Indices (PPIs) which measure the price received by a producer.
• GDP Deflators use an entire economy as the basket of goods and services, rather than some particular subset. The term “deflator” in this case means the percentage to reduce current prices to get the equivalent price in a previous period.

Others are, wholesale price indices, commodity price indices, Purchasing Power Parity and Historical Inflation

Reference: http://en.wikipedia.org/wiki/Inflation

India inflation history: http://www.econstats.com/weo/C075V025.htm

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Source: Email

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