A Quote by Ajay Piramal
We have been successful in buying and selling companies because we have a reputation of fulfilling deal terms in letter and spirit.
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Network marketing is based purely on relationship selling, which is the state of the art in selling today. Small and large companies throughout the country and the world are realizing that individuals selling to their friends and associates is the future of sales, because the critical element in buying is trust.
It is haram [religiously forbidden] to use narcotics in any way because it results in considerable adverse effects in terms of personal health and social cost. By the same token, it is haram to deal in narcotics in any way, i.e., carrying, transporting, storing, selling, buying, etc.
Over many generations, fortunes in the business world were made through buying and selling products in physical stores. Internet fortunes have been made buying and selling products online.
I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.
Many think of management as cutting deals and laying people off and hiring people and buying and selling companies. That's not management, that's deal making. Management is the opportunity to help people become better people. Practiced that way, it's a magnificent profession.
A jurist can obey the letter of the law and violate its spirit, or it can follow the spirit of the law and violate the letter of the law. I want someone who can reconcile the letter and the spirit of the law without partisan leanings.
With a profession such as investing, people see the 'doing' as the buying and selling. It is difficult to come home from work, and answer your spouse's question, 'what did you do today?' with 'well, I read a lot, and I talked a little.' If you're not buying or selling, you may feel you aren't doing anything.
P&G started in 1837, Nestle in 1857. These companies have been around for so long because they are in tune with society. They are very responsible companies, despite the challenges that they sometimes deal with, all the criticism they get.
In business a reputation for keeping absolutely to the letter and spirit of an agreement, even when it is unfavorable, is the most precious of assets, although it is not entered in the balance sheet.
Good owners aren't buying franchises because they think it's a good economic deal. They're buying franchises because they're a huge fan of the sport and they want to be a steward of that team. If they just do it because of a good economic deal, they're going to be bad owners.
Tech stocks were the cubic zirconium of the market. They looked good and were sexy, but they just were a way for the company selling them to make money. That's always going to be transient in terms of the stock market. What's real is that companies have to compete. Technology used well is a great tool to enable that if only because most companies dont use technologies well.
If development is defined in social and economic terms while Hindutva is defined in cultural terms, it should be possible for the BJP to construct a political platform that is reassuring to a large majority of Indians and is respectful to the letter and spirit of the Constitution.
I don't like to change things too much. I think pretty hard about things before I jump in, and once I do, I feel, 'All right, I don't want to waste the energy of buying, selling this, going on Consumer Reports, test driving, buying, selling a house.' I feel life is to be lived.
The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don't, so we buy. Then people start selling, panic sets in, and we sell too.
The touring business is obviously critical to selling records, building fan bases, selling T-shirts, fulfilling sponsorship commitments.
There's only one thing that all of the central banks control and that is the base, their own liability, and they can control that in various ways. They can control it directly by open market operations, buying and selling government securities or other assets, for example, buying and selling gold, or they can control it indirectly by altering the rate at which banks lend to one another.
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