Thursday, June 28, 2007

Great Sayings by Great Business Personalities

By Sir Richard Branson "founder of Virgin Enterprises"

"I don't think of work as work and play as play. It's all living."

"Business opportunities are like buses, there's always another one coming."



By Thomas Alva Edition "Founder of GE"

"I never perfected an invention that I did not think about in terms of the service it might give others... I find out what the world needs, then I proceed to invent."



By Bill Gates "Microsoft Corporation"

"We were young, but we had good advice and good ideas and lots of enthusiasm."



By Henry Ford "Founder of Ford Motor Company"

Nothing is particularly hard if you divide it into small jobs.

A market is never saturated with a good product, but it is very quickly saturated with a bad one.

Failure is simply the opportunity to begin again, this time more intelligently.

There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.

It has been my observation that most people get ahead during the time that others waste.

The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.

A business absolutely devoted to service will have only one worry about profits। They will be embarrassingly large.


Others will be uploaded soon...

Email Mechanism

How Email Works
Here I am going to provide you the details step-by-step process of sending and receiving email. The process is very simple and easy to understand. So get ready to start...

Sending Email using your client pogram or Web based email system.
An email client is an email program such as Outlook Express, for sending, receiving and organizing your email messages. Also some web sites also provide web based email client such as yahoo.com, hotmail.com and gmail.com.These system are called Web Mail.

Servers where email send receive actually works.
Email servers are used to process, store and send, and receive email messages. There are different types of email servers, such as POP 3, SMTP and IMAP servers. The most popular email servers are POP 3 (incoming mail servers for your incoming mail) and SMTP (outgoing mail servers for your outgoing mail).

SMTP or outgoing mail server
When we send an email from our email program, the email first arrives at the specified SMTP (outgoing mail server), then the SMTP server will check for the validity of both source and destination email addresses. Then it will send email to the proper destination.

POP3 or incoming mail server
When someone sends us an email message, it arrives at our POP3 server and it waits for us to check our email. When we check your email, our email program accesses our POP3 servers and download our messages from our POP3 server to our computer.

Web Mail
Sending and receiving email messages using a web browser is referred to as "Web Mail". We can access our Web Mail in any of our webmail service provided such as Yahoo, hotmail or gmail as long as we have a browser and an Internet connection. We can always use provider's (Yahoo.com, hotmail.com, gmail.com, etc.) Web Mail in conjunction with your usual email program, such as Outlook Express.

Difference between Web Mail and Client Email (such as Outlook Express)
Client email, such as Outlook Express will ordinarily download and save our messages to our computer, and then it deletes email messages from our servers.

Email Mechanism
When Arvind sends Swetha an email message, the message travels in the following manner:

1. Arvind opens his email program (Outlook Express), uses his email account, Arvind@arvindsite.com, and writes an email message to Swetha@swethasite.com. His Outlook Express sends the message through TCP port 25 of Arvind’s Internet connection, then to the other ISP’s SMTP server (still on TCP port 25).

2. The other ISP’s SMTP server finds the destination’s SMTP server (in this case, swethasite) and sends the message out to swethasite’s SMTP server (through TCP port 25 of his Internet connection).

3. swethasite’s SMTP server sends the message to swethasite’s POP3 server where the message waits for Swetha to pick it up.

4. Swetha opens her email program (Outlook Express) and when she clicks Send/Recv button, her Outlook Express sends a request through Swetha’s Internet connection to swethasite’s Pop3 server (through TCP port 110) and downloads Swetha’s message to Swetha’s computer where she sees Arvind’s message.

The same process happens in reverse, when Swetha sends Arvind an email message.

Note 1. There are other network elements that are necessary to make this process happen, such as: swethasite’s routers, swethasite’s DNS servers and swethasite’s Internet connection, and other ISP’s routers, DNS servers and Internet connection. We have not discussed on that issue as they are irrevelent in regard to email mechanism

Note 2. Swetha may use a different ISP for her Internet connection and to host her domain, website and email (Swetha@hercompany.com.)

Wednesday, June 27, 2007

Mr. Market

The Mr. Market Concept by Sir Ben Graham.

How to buy & sell stocks and earn by becoming a real investor

The concept of Mr. Market goes something like this: imagine you are partners in a private business with a man named Mr. Market. Each day, he comes to your office or home and offers to buy your interest in the company or sell you his [the choice is yours]. The catch is, Mr. Market is an emotional wreck. At times, he suffers from excessive highs and at others, suicidal lows. When he is on one of his manic highs, his offering price for the business is high as well, because everything in his world at the time is cheery. His outlook for the company is wonderful, so he is only willing to sell you his stake in the company at a premium. At other times, his mood goes south and all he sees is a dismal future for the company. In fact, he is so concerned, he is willing to sell you his part of the company for far less than it is worth. All the while, the underlying value of the company may not have changed - just Mr. Market's mood.

The best part of this entire arrangement: you are free to ignore him if you don't like his price. The next day, he'll show up at your door with a new one. For your interest, the more manic-depressive he is, the more opportunity you will have to take advantage of him [don't worry, he doesn't have feelings or mind being taken advantage of.] As long as you have a strong conviction of what the company is really worth, you will be able to look at Mr. Market's offers and reject or accept them... the choice is yours.

This is exactly how the intelligent investor should look at the stock market - each security that is traded is merely a part of a business. Each morning, when you open up the newspaper or turn on CNBC, you can find Mr. Market's prices. It is your choice whether or not to act on them and buy or sell. If you find a company that he is offering for less than it is worth, take advantage of him and load up on it. Surely enough, as long as the company is fundamentally sound, one day he will come back under the sway of a manic high and offer to buy the same company from you for a much higher price.

Wish you good investing and real earning.