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The Infant Learner
Some stuff I read this week:
A. This week’s Special
( Lesson from fall of SunEdison)
SunEdison incorporation, the fastest-growing U.S. renewable energy company, filed for chapter 11 bankruptcy protection on Thursday. Company was expanding its capacity through acquisitions and aggressive biding, including in India, where last year it won a solar project in Andhra Pradesh state by offering to sell power at record low prices. Company made 9 acquisitions in 2014 and 15 acquisitions in 2015, according to market research Factset. Company use debt as a major source to finance its acquisitions.As on Sept 30 company had $9.8 billion is in debt and total assets of $ 20.7 billion. As Mr. Buffett once said about debt:
“If you’re smart you don’t need it and if you’re dumb you got no business using it.”
Limiting mistakes is crucial. While mistakes are inevitable, it’s always productive to study your own mistakes as well as the mistakes of others to try and glean lessons that might help you become a little closer to mastering this negative art. As Mr. Munger said
” All I want to know is where I am going to die, so I will never go there”.
Follow the below link to read in detail:
Lessons from the bankruptcy of SunEdison
B. Entrepreneurial Diary
( “Business means solution of a particular problem and Creating value for customer as well as value for company ” – Paramjeet Redu )
Don’t Kick The Can Down The Road ( AVC )
Six Startup Lessons Every Founder Should Know (Stanford )
What if you sold 10 percent of Apple in 1976 ( Washington post )
Start Up App : Blood Banking app ( The Better India )
Start Up Story : CollegeDekho ( Your Story)
Start Up Corner : Aasaanjobs ( Business Standard )
Indian e-commerce in 10 charts ( founding fuel )
Duffy Duffield is the godfather of electric motor boats ( Forbes )
C. Other Stories
The Charlie Munger Operating System: How to Live a Life That Really Works ( Farnam )
RBI Governor career advice for students ( WSJ )
The Rise and Fall of Industries ( Credit suisse )
Avoiding Cigarette Butts ( Investing )
Collectors Universe: The Poor Man’s Moody ( Punchcard )
Stock Analysis : United Spirits Limited ( Jana )
Tata Corus: 7 lessons from a deal from hell ( finding fuel )
Keynes passed away 70 years ago today – his copyright follows ( Economics )
Investors can expect flurry of stock buybacks (Economics Times )
Berkshire Hathaway 2016 Annual Shareholders Meeting will be live streamed by Yahoo Finance on Saturday, April 30 at 10 a.m. For registration & updates click here
“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger
You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”- Carol Dweck