Prov. 19:17. He who is gracious to a poor man lends to the LORD, and He will repay him for his good deed.
Deut. 15:10. You shall give generously to [your poor brother], and your heart shall not be grieved when you give to him, because for this thing the LORD your God will bless you in all your work and in all your undertakings.
Warren Buffet. I think the best way to stimulate the economy is to give money to the poor. They will spend it.
Sunday, March 09, 2008
The Bible and Buffet
Posted by Eclectic Investor at 8:51 PM
Subscribe to:
Post Comments (Atom)
KM
Blog Archive
-
►
2012
(1)
- ► Oct 28 - Nov 4 (1)
-
►
2009
(4)
- ► Jun 14 - Jun 21 (1)
- ► May 24 - May 31 (1)
- ► Mar 8 - Mar 15 (1)
- ► Jan 4 - Jan 11 (1)
-
▼
2008
(125)
- ► Dec 14 - Dec 21 (1)
- ► Dec 7 - Dec 14 (1)
- ► Nov 30 - Dec 7 (2)
- ► Nov 23 - Nov 30 (8)
- ► Nov 16 - Nov 23 (5)
- ► Nov 9 - Nov 16 (6)
- ► Nov 2 - Nov 9 (3)
- ► Oct 26 - Nov 2 (3)
- ► Oct 5 - Oct 12 (1)
- ► Aug 24 - Aug 31 (1)
- ► Jul 27 - Aug 3 (1)
- ► Jul 13 - Jul 20 (1)
- ► Jul 6 - Jul 13 (2)
- ► Jun 29 - Jul 6 (1)
- ► Jun 15 - Jun 22 (2)
- ► Jun 8 - Jun 15 (3)
- ► Jun 1 - Jun 8 (1)
- ► May 25 - Jun 1 (6)
- ► May 18 - May 25 (7)
- ► May 11 - May 18 (5)
- ► May 4 - May 11 (2)
- ► Apr 27 - May 4 (3)
- ► Apr 20 - Apr 27 (3)
- ► Apr 13 - Apr 20 (8)
- ► Apr 6 - Apr 13 (15)
- ► Mar 30 - Apr 6 (7)
- ► Mar 23 - Mar 30 (6)
- ► Mar 16 - Mar 23 (3)
- ► Mar 2 - Mar 9 (6)
- ► Feb 24 - Mar 2 (3)
- ► Feb 10 - Feb 17 (2)
- ► Feb 3 - Feb 10 (3)
- ► Jan 27 - Feb 3 (1)
-
►
2006
(12)
- ► Jun 4 - Jun 11 (3)
- ► May 28 - Jun 4 (6)
- ► May 21 - May 28 (3)
-
►
2005
(8)
- ► Dec 18 - Dec 25 (3)
- ► Dec 11 - Dec 18 (1)
- ► Dec 4 - Dec 11 (2)
- ► Nov 20 - Nov 27 (2)
The Great Indian Realty Crash of 2008
- 1. Housing Bubble in India?
- 2. India's Subprime Variety Loans
- 3. Months Away from Realty Bust
- 4. Realty's Greater Fool Theory
- 5. Home Loans Diverted to Builders
- 6. Sterling Biotech's Realty Excess
- 7. Paanwala Top in Mumbai Realty
- 8. Mumbai's Realty Crashes
- 9. Realty Stocks Crash
- 10. BKC Rentals Fall
- 11. High Court Puts Builders in Bind
- 12. Pune Real Estate to Crack Soon
- 13. Thane Buildings Could be Razed
- 14. Bangalore on Ghost Town
- 15. Realty Brokers In Luxury Panic
- 16. Builders Admit Slowdown
- 17. Man Sells Flat 30% Cheaper
IN PASSING
Consider how the crisis has unfolded over the past eighteen months. The proximate cause is to be found in the housing bubble or more exactly in the excesses of the subprime mortgage market. The longer a double-digit rise in house prices lasted, the more lax the lending practices became. In the end, people could borrow 100 percent of inflated house prices with no money down. Insiders referred to subprime loans as ninja loans—no income, no job, no questions asked. - George Soros in latest book
“When everything’s going up, there’s a feelgood factor and people tell each other how much their houses are going up at dinner parties,” says Professor Mark Stephens of York University’s Centre for Housing Policy. “Then the music stops, as it always does.”
“Last year, Japan was a more attractive market to put money in. If you look at the US, we can now get an internal rate of return of 25% there, so why would anyone want to come to India?” - a senior executive at an international financial services group, who did not wish to be named.
"Most people told us house prices never go down on a national level, and that there had never been a default of an investment-grade-rated mortgage bond, "Mortgage experts were too caught up." - John Paulson, trader, who bet against subprime market and made $15 billion.
The most puzzling are the real-estate projects of Parsvnath. Just have a look at the Pride Asia project near Chandigarh. They are asking almost US $300K-$350 K dollars for 2 bed room apartments. They have Villas in this project that costs more than US $1.5 million dollars. It is true that some people in India have that kind of money in India. However most of their wealth is black money and that can not be used to buy these properties. Obviously, these projects have been launched keeping NRIs in mind. - Sanjeev, comment from another site
Prachi Desai, aka Bani, the star of Balalji Telefilms's soap, Kasam Se, has been house hunting for over a year. She had almost closed a 2-BHK deal last year for Rs 1.5 crore in a Oberoi Constructions' building located at Andheri, Mumbai, but when she went back to confirm it, she was asked to cough up Rs 2.61 crore. Since then, she is still house hunting. - Mumbai Mirror
“When everything’s going up, there’s a feelgood factor and people tell each other how much their houses are going up at dinner parties,” says Professor Mark Stephens of York University’s Centre for Housing Policy. “Then the music stops, as it always does.”
“Last year, Japan was a more attractive market to put money in. If you look at the US, we can now get an internal rate of return of 25% there, so why would anyone want to come to India?” - a senior executive at an international financial services group, who did not wish to be named.
"Most people told us house prices never go down on a national level, and that there had never been a default of an investment-grade-rated mortgage bond, "Mortgage experts were too caught up." - John Paulson, trader, who bet against subprime market and made $15 billion.
The most puzzling are the real-estate projects of Parsvnath. Just have a look at the Pride Asia project near Chandigarh. They are asking almost US $300K-$350 K dollars for 2 bed room apartments. They have Villas in this project that costs more than US $1.5 million dollars. It is true that some people in India have that kind of money in India. However most of their wealth is black money and that can not be used to buy these properties. Obviously, these projects have been launched keeping NRIs in mind. - Sanjeev, comment from another site
Prachi Desai, aka Bani, the star of Balalji Telefilms's soap, Kasam Se, has been house hunting for over a year. She had almost closed a 2-BHK deal last year for Rs 1.5 crore in a Oberoi Constructions' building located at Andheri, Mumbai, but when she went back to confirm it, she was asked to cough up Rs 2.61 crore. Since then, she is still house hunting. - Mumbai Mirror
0 Comments:
Post a Comment