2011年10月22日星期六

It's difficult not to warm to a man who has such a down to earth

It's difficult not to warm to a man who has such a down to earth approach to business and life. As Schroeder puts it he gets the numbers on:"How many auto policies GEICO had sold last week and how many claims it had paid; how many pounds of See's Candies had NIKE FREE RUN, nike free run +2,sold yesterday; how many prison-guard uniforms had been ordered from Fechheimers; how many jet time-shares NetJets was selling in Europe and the United States; and all the rest - awnings, battery chargers, kilowatt hours, air compressors, engagement rings, leased trucks, encyclopedias, pilot training, home furnishings, cardiopulmonary equipment, pig stalls,Nike Shox Rival Homme boat loans, real estate listings, ice cream sundaes, winches and windlasses, cubic feet of gas, sump pumps, vacuum cleaners, newspaper advertising, egg counters, knives, furniture rentals, nurses' shoes, electromechanical components. What sort of handle do you have on your business, on a day-by-day, week-by-week basis? It is interesting that such a man would choose so many tangible things to gauge what is going on in his businesses that he has invested in. He is not waiting for the monthly balance sheet and profit and loss nor is he running some complex mathematical model understandable only to a few initiates. Web site http://www.telegraph.co.uk/finance/comment/3160463/Financial-Crisis-UK-bail-out-plan-is-too-little-too-late.html** Schroeder, Alice. It's about making things and doing services. He gets the figures from the extending list of companies that Berkshire Hathaway, Warren Buffett's investment vehicle, owns. . P28.London:Bloomsbury. I've just started reading 'The Snowball' the biography of Warren Buffett, 'Oracle of Omaha', written by Alice Schroeder. Well early on in the book there is a key message Nike Shox NZ Hommefor everyone involved in business. We just have to ask ourselves, can we have the discipline to do it?* Moulton, Jon. The Snowball: Warren Buffett and the Business of Life. Retrieved 5th November from Telegraph.co.uk. As that other successful straight talker, Jon Moulton, the managing partner of Alchemy, said of the recent bank melt downs: "It would be amusing to hear some banks' Boards explain a CLO Squared or, more simply, how they allowed their balance sheets to be filled with products they did not understand and their auditors cannot value". Business is essentially simple. No, he is looking at the daily things happening in the real world that he knows will eventually filter through into real results.He has set the bar very high. 2008. All the numbers on their costs and sales poured into his office, and he knew many of them from memory." **Well, he is a very successful man. *So what is a normal day like for Buffett? Well, he first reads his favourite stock market writers then he gets down to his daily business intelligence. Who has an overwhelming desire to keep proving himself and who has a deep reverence for his father whom he felt the world had treated unjustly.At a time when most of us are worrying about the future, it is interesting to read about a man who has amassed a fortune that is reputed to be in the region of $30 billion. Once it starts to get complex then it probably won't work and will all end in tears. But what Warren Buffett does we can also do. Financial Crisis:UK bail out is too little, too late. We have everything to hand in our organisations. October 8th 2008. My emphasisChris Sands is an industry leading expert in the field of Business Intelligence and works for the UK's leading provider of business accounting software and critical business systems.





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