Warren Buffett

Buffett is called the "Wizard of Omaha" or "Oracle of Omaha",[8] or the "Sage of Omaha"[9] and is noted for his adherence to value investing and for his personal frugality despite his immense wealth.[10] Buffett is a notable philanthropist, having pledged to give away 99 percent[11] of his fortune to philanthropic causes, primarily via the Gates Foundation. On April 11, 2012, he was diagnosed with prostate cancer,[12] for which he successfully completed treatment in September 2012.[13] Early life Buffett's interest in the stock market and investing dated to schoolboy days he spent in the customers' lounge of a regional stock brokerage near his father's own brokerage office. On a trip to New York City at age ten, he made a point to visit the New York Stock Exchange. Business career By 1950, at 20, Buffett had made and saved $9,800 (over $96,000 inflation adjusted for the 2014 USD[29]).[30] In April 1952, Buffett discovered that Graham was on the board of GEICO insurance. As a millionaire

Economics For a topical guide to this subject, see Outline of economics. Economics is the social science that studies the behavior of individuals, households, and organizations (called economic actors, players, or agents), when they manage or use scarce resources, which have alternative uses, to achieve desired ends. Agents are assumed to act rationally, have multiple desirable ends in sight, limited resources to obtain these ends, a set of stable preferences, a definite overall guiding objective, and the capability of making a choice. There exists an economic problem, subject to study by economic science, when a decision (choice) has to be made by one or more resource-controlling players to attain the best possible outcome under bounded rational conditions. In other words, resource-controlling agents must maximize value subject to the constraints imposed by the information the agents have, their cognitive limitations, and the finite amount of time they have to make and execute a decision. J.

Rakesh Jhunjhunwala Rakesh Jhunjhunwala (born 5 July 1960) is an Indian investor and trader. He is a qualified Chartered accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises.[2][3] Jhunjhunwala was described by India Today magazine[which?] as the "pin-up boy of the current bull run"[4] and by Economic Times[which?] as "Pied Piper of Indian bourses".[5] Career[edit] Jhunjhunwala is the Chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Jhunjhunwala's stocks fell by up to 30% in December 2011.[6] He recovered his losses in February 2012.[7] These ups and downs forced Rakesh to reduce his vulnerability by trimming his portfolio to one-third.[8] His attempts to divest his Aptech stake had no takers.[9] In May 2012 he increased his stake in Aptech by 2.24% now holds 12.7% Jhunjhunwala invested $ 4.6 Million (INR 26 crore) in A2Z Maintenance[10] increasing his stake in the company by 3.57%, taking his stake in the company to 23.2 per cent.

Embargo An embargo (from the Spanish embargo, literally Distraint) is the partial or complete prohibition of commerce and trade with a particular country.[1] Embargoes are considered strong diplomatic measures imposed in an effort, by the imposing country, to elicit a given national-interest result from the country on which it is imposed. Embargoes are similar to economic sanctions and are generally considered legal barriers to trade, not to be confused with blockades, which are often considered to be acts of war.[2] In response to embargoes, an independent economy or autarky often develops in an area subjected to heavy embargo. Effectiveness of embargoes is thus in proportion to the extent and degree of international participation. Business[edit] Companies must be aware of embargoes that apply to the intended export destination.[3] Embargo check is difficult for both importers and exporters to follow. Examples[edit] The Embargo of 1807 was a series of laws passed by the U.S. See also[edit]