USA Business Schools Youtube Channels

1. Wharton School @ https://www.youtube.com/channel/UCU9Z1eLsDa_meEfsmx-Ys0w

2. Stanford Graduate School of Business @ https://www.youtube.com/channel/UCGwuxdEeCf0TIA2RbPOj-8g

3. Kellogg School of Management @ https://www.youtube.com/c/KelloggSchool

4. Harvard Business School @ https://www.youtube.com/user/HarvardBSchool

5. Princeton Economics @ https://www.youtube.com/channel/UCoj_zcpfg18pvm6L-EziBTw 

6. MIT Sloan School of Management @ https://www.youtube.com/c/MITSloanSchoolofManagementAdmissions

7. The University of Chicago Booth School of Business @ https://www.youtube.com/c/chicagobooth

8. NYU Stern @ https://www.youtube.com/user/NYUSternBusiness

9. Yale University @ https://www.youtube.com/yale

10. Berkeley Haas @ https://www.youtube.com/c/berkeleyhaas

11. University of Michigan, Ann Arbor @ https://www.youtube.com/user/um

12. Cornell SC Johnson College of Business @ https://www.youtube.com/c/CornellSCJohnsonCollegeofBusines

Financial Literacy Youtube Videos

1. Talks at Google @ https://www.youtube.com/c/talksatgoogle

2. MIT Laboratory for Financial Engineering @ https://www.youtube.com/channel/UCXhZ09ctkeJmJIrZqxJ_zlw

3. Economics at Google @ https://www.youtube.com/watch?v=-nM5lIc1Sfc&list=PLGGpadyh0wS6Q8ikSHvOTMk0bL2dSDeRP 

4. Aswath Damodaran channel @ https://www.youtube.com/channel/UCLvnJL8htRR1T9cbSccaoVw

5. The Simple Path to Wealth | JL Collins | Talks at Google @ https://www.youtube.com/watch?v=T71ibcZAX3I 

6. The Elements of Investing | Charley Ellis & Burton Malkiel | Talks at Google @ https://www.youtube.com/watch?v=HrYUOtCTHuk

7. In Pursuit of the Perfect Portfolio: John C. Bogle @ https://www.youtube.com/watch?v=3uJbHREmUs4 

8. The Little Book that Builds Wealth | Pat Dorsey | Talks at Google @ https://www.youtube.com/watch?v=YFS5JBgz1Xc

9. The Value of Stories in Business | Aswath Damodaran | Talks at Google @ https://www.youtube.com/watch?v=uH-ffKIgb38

10. Thinking, Fast and Slow | Daniel Kahneman | Talks at Google @ https://www.youtube.com/watch?v=CjVQJdIrDJ0

11. Principles: Life and Work | Ray Dalio | Talks at Google @ https://www.youtube.com/watch?v=c1OoWdqbKdg

12. Where Does Growth Come From? | Clayton Christensen | Talks at Google @ https://www.youtube.com/watch?v=rHdS_4GsKmg 

13. Forbes @ https://www.youtube.com/channel/UCmh7afBz-uWwOSSNTqUBAhg 

14. The Investor's Podcast Network @ https://www.youtube.com/channel/UCPbMnGLeHscshhD7PAEnvbw

Best advice about money ..

ref: 

• http://www.businessinsider.com/money-advice-from-a-millionaire-2015-6
• http://time.com/money/3903563/millionaire-secrets
• http://www.businessinsider.com/how-successful-people-do-more-in-a-day-than-others-do-in-a-week-2015-6

“Money, like emotions, is something you must control to keep your life on the right track.” 

1. In a free market economy, anyone can make as much money as they want.

2. Your background, highest level of education, or IQ is irrelevant when it comes to earning money.

3. The fastest way to make money is to solve a problem. The bigger the problem you solve, the more money you make.

4. Don't listen to the naysayers who tell you that life is supposed to be a struggle and that you should settle and be grateful for what you have.

5. Expect to make more money. For this one you have to think big. $100,000, $500,000, or why not $1 million?

6. Lose the fear and scarcity mindset and start seeing money for all the good things: freedom, opportunity, possibility, and abundance.

7. Being rich isn't a privilege. Being rich is a FUNDAMENTAL right. If you create massive value for others, you have the right to be as rich as you want.

8. Don't wait for your ship to come in. You're not going to be discovered, saved, or made rich by an outside force. If you want a lot of money, build your own ship. No one is coming to the rescue.

9. Stop worrying about running out of money and focus on how to make more. Constantly worrying about money is no way to live. Dream about money, instead.

10. Stop telling yourself that getting rich is outside of your control. The truth is that making money is an inside job.

5 terms you must know when analysing stocks ..

ref:

• http://www.morningstar.in/posts/33122/5-terms-you-must-known-when-analysing-stocks.aspx
• http://www.morningstar.in/posts/25045/5-investment-lessons-from-charlie-munger.aspx
• http://www.morningstar.in/posts/26602/5-ways-to-identify-economic-moats.aspx

5 terms you must know when analyzing stocks:

1) Intrinsic value
This is the actual value of a stock as opposed to its current market price. The intrinsic value is arrived at taking into account current cash flows, estimated future cash flow, growth potential, and competitive positioning that accounts for variables such as brand, trademarks, patents and copyrights.

2) Margin of safety
a margin of safety--paying only Rs 60 for a stock you think is worth Rs 80, for example--you provide for errors in your forecasts and unforeseeable events that may alter the business landscape. By purchasing the stock at Rs 60, it allows you to be wrong by 25% but still achieve a satisfactory result. The Rs 20 difference between estimated fair value and purchase price is what Graham called the margin of safety. Warren Buffett considers this margin-of-safety principle to be the cornerstone of investment success.

3) Moat
An economic moat is a structural business characteristic that allows a firm to generate high returns on capital for an extended period. It acts as a barrier that protects a company from competition.

4) Moat trend
Economic moats aren’t stagnant over time. Rather, competitive dynamics are constantly shifting as technology develops, regulations change, competitors exit or enter a market, companies gain scale, and so on. This is where our moat trend ratings come in.

5) Circle of competence

Investors should stick to what they know, the temptation to step outside one's circle of competence can be strong. Investors who get outside their circle of competence can easily find themselves in big trouble. Within it, a given investor has expertise and knowledge that gives him or her significant advantage over the market in evaluating an investment. 

Personal Cashflow Management ..

You might be in a quandary about how to invest, when to invest, with whom to invest and even question why to invest. You might invest hours of time researching managers, mutual funds, stocks or alternative opportunities, interviewing advisers, and calculating the impact of return on your wealth. These are all worthy endeavors; meaningful and important. These activities absorb a great deal of energy and focus, but the fact is, you might be looking in the wrong direction. What matters is your Cashflow ; As without proper CashFlow management, you are going to face liquidity crisis !

What is cash flow? It's basically the movement of funds in and out of your business. You should be tracking this either weekly, monthly or quarterly. There are essentially two kinds of cash flows:

• Positive cash flow: This occurs when the cash funneling into your business from sales, accounts receivable, etc. is more than the amount of the cash leaving your businesses through accounts payable, monthly expenses, salaries, etc.
• Negative cash flow: This occurs when your outflow of cash is greater than your incoming cash. This generally spells trouble for a business, but there are steps you can take to remedy the situation and generate or collect more cash while maintaining or cutting expenses.

The flow in cash flow refers to the in and out motion of money. Those who simply earn income and pay bills are not engaged in the process of cash flow management, that’s survival. Real cash flow management involves understanding the components that make up where the money comes from, where it goes, and what choices are appropriate in creating a life of greater satisfaction. It is an active process.

Some of these components include:
Components of Income
Fixed Expenses
Discretionary Expenses
Taxes
Savings

This is mainly to do with the inflow and the outflow of money. To put simply, inflows refers to the money that’s earned while outflows refer to the expenses. To list a few examples:

Inflows:
Salary/Business Income
Rental income
Interest/Dividend Income

Outflows:
Regular living expenses
Rental payouts – if any
Other Discretionary expenses
Annual tax and insurance payments

Below are some aspects that need to be kept in mind to manage cashflows:

Budgeting: It allows estimating the quantum of surplus that gets generated periodically which could be monthly or annually as the case may be. In case of reduced surplus generation, cashflow may be managed by either reducing expenses or increasing income. To reduce expenses, first identify and classify the expenses as fixed or discretionary. Expenses that are typically made by choice are discretionary expenses that include vacationing, weekly outing, etc. These expenses are easier to cut down and do not call for any structural lifestyle changes to see a positive impact. For example, a holiday in India would work out more cost effective than spending on an international holiday. This category of expense has a higher potential of displaying positive impact on cashflows without having to make any major changes in lifestyle as compared to essential expenses.

Build Corpus: It’s good to maintain an emergency corpus that provides immediate liquidity as required. There is no strict rule on how much the corpus should be but ideally it should be maintained to meet your 4 to 6 months of expenses. If you like to shop and tend to make unplanned purchases, it’s a good idea to either step up your corpus or have a separate fund for that.

Equated Monthly Installments: While purchasing a property, the first priority is always to accumulate for the lumpsum down payments. While most forget that the regular EMI outflow that gets paid each month has an impact on cashflow either today or in future. It’s very important to treat these committed expenses in a holistic manner to ensure that reduced savings today do not have an impact on other critical goals planned for the future.

Investment Planning: Once the goals are chalked out and the monthly savings identified; the next important aspect is to identify the right investment avenues. Apart from strategizing the investments based on asset allocations another important aspect that needs to be considered is the required investment duration to ensure the required amount is available as needed. Certain investments define a fixed timeline as in case of a PPF a/c where as there is no such lock in period for equity investments. However to be able to generate most from this class of investment, it is best to consider these from a long term perspective. Investment timeline should ideally be looked at in conjunction with goals to match the liquidity requirements. Some people may not have saved as much as they would have wished. This is not because they did not intent to save but because they did not manage their cashflow well. It is important to set a system keeping the above in mind. A good investment plan is always preceded by good cashflow management.

ref:

http://www.investopedia.com/exam-guide/cfp/financial-statements/cfp5.asp

http://www.inc.com/encyclopedia/cashflow.html

http://www.accenture.com/Microsites/vaahini/potpourri/moneywise/Pages/your-cash-flow.aspx

http://www.forbes.com/sites/moneybuilder/2010/12/13/how-to-manage-your-personal-cash-flow

Financial Literacy - 1

Financial Statements are the records that outline the financial activities of a business, an individual or any other entity. Financial statements are meant to present the financial information of the entity in question as clearly and concisely as possible for both the entity and for readers. Financial statements for businesses usually include: income statements, balance sheet, statements of retained earnings and cash flows, as well as other possible statements.

A balance sheet, also known as a "statement of financial position," reveals a company's assets, liabilities and owners' equity (net worth). The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any company's financial statements. If you are a shareholder of a company, it is important that you understand how the balance sheet is structured, how to analyze it and how to read it.

The bottom line is a company's income after all expenses have been deducted from revenues which is profit gained.These expenses include interest charges paid on loans, general and administrative costs and income taxes. A company's bottom line can also be referred to as net earnings or net profits. The top line refers to a company's gross sales or revenues. Therefore, when people comment on a company's "top-line growth", they are making reference to an increase in gross sales or revenues.

P/E Ratio: 

Price-Earnings Ratio = Market Value per Share / Earnings per Share (EPS)

The P/E is sometimes referred to as the "multiple", because it shows how much investors are willing to pay per dollar of earnings. If a company were currently trading at a multiple (P/E) of 20, the interpretation is that an investor is willing to pay $20 for $1 of current earnings. It's usually more useful to compare the P/E ratios of one company to other companies in the same industry, to the market in general or against the company's own historical P/E. It would not be useful for investors using the P/E ratio as a basis for their investment to compare the P/E of a technology company (high P/E) to a utility company (low P/E) as each industry has much different growth prospects.  example: if a company is currently trading at $43 a share and earnings over the last 12 months were $1.95 per share, the P/E ratio for the stock would be 22.05 ($43/$1.95).

Things to Remember:

• Generally a high P/E ratio means that investors are anticipating higher growth in the future
• The average market P/E ratio is 20-25 times earnings.
• The P/E ratio can use estimated earnings to get the forward looking P/E ratio.
• Companies that are losing money do not have a P/E ratio.

Various interpretations of a particular P/E ratio are possible, and the historical table below is just indicative and cannot be a guide, as current P/E ratios should be compared to current real interest rates (see Fed model):

N/A	A company with no earnings has an undefined P/E ratio. By convention, companies with losses (negative earnings) are usually treated as having an undefined P/E ratio, even though a negative P/E ratio can be mathematically determined.
0–10	Either the stock is undervalued, or the company's earnings are thought to be in decline. Alternatively, current earnings may be substantially above historic trends or the company may have profited from selling assets.
10–17	For many companies a P/E ratio in this range may be considered fair value.
17–25	Either the stock is overvalued or the company's earnings have increased since the last earnings figure was published. The stock may also be a growth stock with earnings expected to increase substantially in the future.
25+	A company whose shares have a very high P/E may have high expected future growth in earnings, or this year's earnings may be considered exceptionally low, or the stock may be the subject of a speculative bubble.

ref:

Reading balance sheet -

• http://www.investopedia.com/articles/04/031004.asp
• http://www.anderson.ucla.edu/faculty/dick.rumelt/Docs/Notes/101-ReadsingB2.pdf

Top-line growth vs Bottom-line growth - http://www.investopedia.com/ask/answers/149.asp

P/E Ratio -

• http://en.wikipedia.org/wiki/Price%E2%80%93earnings_ratio 
• http://www.investopedia.com/terms/p/price-earningsratio.asp

Entrepreneurial Quotes ...

1. If you are not a brand, you are just a commodity | Robert Kiyosaki

2. Chase the vision, not the money, the money will end up following you | Tony Hsieh

3. Continuous effort - not strength or intelligence - is the key to unlocking our potential | Winston Churchill

4. Success is not final, failure is not fatal: it is the courage to continue that counts. Success consists of going from failure to failure without loss of enthusiasm | Winston Churchill

5. Attitude is a little thing that makes a big difference. Never, never, never give up. Difficulties mastered are opportunities won | Winston Churchill

6. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do | Steve Jobs

7. I don't know the key to success, but the key to failure is trying to please everybody | Bill Cosby

8. If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack | Winston Churchill

9. A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty | Winston Churchill

10. Money is like gasoline during a road trip. You don’t want to run out of gas on your trip, but you’re not doing a tour of gas stations | Tim O’Reilly

11. Don’t worry about people stealing your design work. Worry about the day they stop | Jeffrey Zeldman

12. Trying to get everyone to like you is a sign of mediocrity: You'll avoid the tough decisions, you'll avoid confronting the people who need to be confronted | General Colin Powell

13. It is no use saying, 'We are doing our best.' You have got to succeed in doing what is necessary | Winston Churchill

14. Whether you think you can, or think you can't, you're right | Henry Ford 

15. The best way to predict the future is to create it | Peter Drucker

ref:

    Leadership Quotations from Chairman Powell @ http://govleaders.org/powell.htm

    50 entrepreneurial quotes @ http://www.entrepreneur.com/article/240047

    101 entrepreneurial quotes @  http://www.businessinsider.com/101-best-inspirational-quotes-for-entrepreneurs-2013-9

Equity Financial Management Tips(from Indian stalwarts) ..

Asset Allocation(Ramdeo, Dhirendra) - https://www.youtube.com/watch?v=4xauhK6fy58

Retirement equity planning(Dhirendra) - https://www.youtube.com/watch?v=3XFUii4BWhA

Raghuram Rajan with Prannoy Roy - https://www.youtube.com/watch?v=Mu97yGzO_ok

Money Makers(Ramesh Damani) - https://www.youtube.com/watch?v=ANTqUAJhgzo

Ramdeo Agrawal - 

• https://www.youtube.com/watch?v=4xauhK6fy58
• https://www.youtube.com/watch?v=tyCBIChPg1E
• https://www.youtube.com/watch?v=Svf2fKbL4no

Rakesh Jhunjhunwala - 

• https://www.youtube.com/watch?v=qToUz4BXPTU
• https://www.youtube.com/watch?v=xSWBx3tzU-k

Nilesh Shah -

• https://www.youtube.com/watch?v=JY_aupzblUs(regarding 'The Direct Take' book)
• https://www.youtube.com/watch?v=iF1pEjjPZr8

Basant Maheshwari - https://www.youtube.com/watch?v=XtTQ49EhbJk

Motilal Oswal Wealth Creation Value Investing Forum - 

• https://www.youtube.com/watch?v=a-N_X8i2eWc
• https://www.youtube.com/watch?v=oBvIyGds_Og
• https://www.youtube.com/watch?v=jmeNPrUQxIE
• https://www.youtube.com/watch?v=62CY-u40xho

How to read BalanceSheet(Vishal Khandelwal) -

• https://www.youtube.com/watch?v=av_BhR4IIQY
• https://www.youtube.com/watch?v=kH2jILPREa4
• https://www.youtube.com/watch?v=1a8-8CRThAw

Read a book today ...

“There is no friend as loyal as a book.” - Ernest Hemingway
 
“I cannot live without books.” - Thomas Jefferson
 
“A room without books is like a body without a soul.” - Marcus Tullius Cicero

“That's the thing about books. They let you travel without moving your feet.” - Jhumpa Lahiri, The Namesake

“A great book should leave you with many experiences, and slightly exhausted at the end. You live several lives while reading.” - William Styron, Conversations with William Styron
 
.. Now let's make a new life long friend by reading a book ...

Life

Inspiration - https://drive.google.com/folderview?id=0B_hC-3L4eq17bktNVWJHbHk3Zjg&usp=sharing_eid

Psychology - https://drive.google.com/folderview?id=0B_hC-3L4eq17LWRzRW43NnZTdGc&usp=sharing_eid

People Management - https://drive.google.com/folderview?id=0B_hC-3L4eq17dlhVV3VJQXlSaVk&usp=sharing_eid

Financial Management - https://drive.google.com/folderview?id=0B_hC-3L4eq17VHRlSzN2bS1VSms&usp=sharing_eid

Jiddu Krishnamurthy - http://www.jiddu-krishnamurti.net/en/krishnamurti-ebooks-free-download

Technology

Software Architecture - https://drive.google.com/folderview?id=0B_hC-3L4eq17YVFtQXRKN1Y1SnM&usp=sharing_eid

Java - https://drive.google.com/folderview?id=0B_hC-3L4eq17REdOa053SFF0Rm8&usp=sharing_eid

Android - https://drive.google.com/folderview?id=0B5BO97vHUkN2ZmV0cE5wMXFabFU&usp=sharing_eid

C++ - https://drive.google.com/folderview?id=0B_hC-3L4eq17UEtoRXdMVk9teEk&usp=sharing_eid

Richard Stevens(Unix) - https://drive.google.com/folderview?id=0B_hC-3L4eq17QzgtdkFVU0pXT2s&usp=sharing_eid

Linux Programming - https://drive.google.com/folderview?id=0B_hC-3L4eq17T29hNmpYNTNQSmM&usp=sharing_eid

Hadoop - https://drive.google.com/folderview?id=0B_hC-3L4eq17VFZfdVE0Z2NCUzQ&usp=sharing_eid

Arduino - https://drive.google.com/folderview?id=0B5BO97vHUkN2VzEzTXFtRS1tSXc&usp=sharing_eid

Technology miscellaneous - https://drive.google.com/folderview?id=0B_hC-3L4eq17aUhtODlfa25Idlk&usp=sharing_eid

Miscellaneous

Kids - https://drive.google.com/folderview?id=0B_hC-3L4eq17WU1uckJGa1NVYXc&usp=sharing_eid 

Miscellaneous - https://drive.google.com/folderview?id=0B_hC-3L4eq17bEthMS1VY0dLLUE&usp=sharing_eid

Journals

YOJANA(govt of india public administration journal) in Telugu - https://drive.google.com/folderview?id=0B_hC-3L4eq17TDdhWndMVThyckk&usp=sharing_eid 

KURUKSHETRA(govt of india rural administration journal) - https://drive.google.com/folderview?id=0B5BO97vHUkN2ZnAxWWhwLUswekk&usp=sharing_eid

Telugu

BhagavadGita - https://drive.google.com/folderview?id=0B5BO97vHUkN2fm5sOTh6THhKZEdjNzlmSG9FcGhfNXJsQ0RfVUwtWlNsOG16eXhjbG14R0E&usp=sharing_eid

Andhra Culture - https://drive.google.com/folderview?id=0B_hC-3L4eq17aGxna1hrWUtXbWM&usp=sharing_eid

Yandamuri Veerendranath - https://drive.google.com/folderview?id=0B_hC-3L4eq17MDVJYW0wY09ibDg&usp=sharing_eid

Oka Yogi Aathma Katha - https://drive.google.com/folderview?id=0B_hC-3L4eq17R0tPQkphRVRiYlU&usp=sharing_eid 

Telugu Miscellaneous - https://drive.google.com/folderview?id=0B5BO97vHUkN2ZC1sTEd1RmJEMUU&usp=sharing_eid

Telugu Miscellaneous(from other blogs) - 

• http://kktimepass.blogspot.com/2010/06/t.html
• http://kktimepass.blogspot.com/2010/03/great-online-telugu-books.html
• http://kktimepass.blogspot.com/2010/03/online-books-in-teluguby-author.html

Best Indian Financial Blogs ...

1. Subramoney(P V Subramanyam) - http://www.subramoney.com
2. SafalNiveshak(Vishal Khandelwal) - http://www.safalniveshak.com/
3. Financial Literates(hemant Beniwal) - http://www.tflguide.com/
4. Capital Mind(Deepak Shenoy) - http://capitalmind.in
5. Jagoinvestor(Manish Chauhan) - http://www.jagoinvestor.com
6. Financial Planning Demystified - http://www.raagvamdatt.com/
7. One Mint - http://www.onemint.com
8. Basu Nivesh Personal Finance blog - http://www.basunivesh.com/
9. Be Money Aware blog - http://www.bemoneyaware.com/blog/
10. Get Money Rich - http://www.getmoneyrich.com/
11. Investment ideas - http://myinvestmentideas.com/
12. Ajay Shah's economic matters - http://ajayshahblog.blogspot.com
13. Graham & Doddsville (Value investing) Best Financial Blogs - http://www.grahamanddoddsville.net/?page_id=28

Equity Portfolio Construction .. Checklist

ref: http://www.safalniveshak.com/wp-content/uploads/2014/12/Interview-with-Stable-Investor-PDF.pdf

Good equity investment should leave you with a lot of free time, which you can spend the way you like, instead of worrying about where the business is headed. Questions to ask every time you look at a business that can potentially become a part of your equity portfolio:

1. Is this business inside my circle of competence?
2. Is the business simple to understand and run? Complex businesses often face complexities difficult for its managers to get over.
3. Has the company grown its sales and EPS consistently over the past 8-10 years? Consistency is more important than speed of growth.
4. Will the company be around and profitably better in 10years? This suggests continuity in demand for the company’s products/services.
5. How well has the company done in retaining its earnings?
6. Does the company have a sustainable competitive moat? Pricing power, gross margins, lead over competitors, entry barriers for new players.
7. How good is the management given the hand it has been dealt? Capital allocation, return on equity, corporate governance, performance against competition.
8. Does the company require consistent capex and working capital expenditure to grow its business? Companies that have to spend continuously on such areas are like running on treadmills, which is not a good situation to have.
9. Does the company generate more cash than it consumes? Cash generators have a higher probability of surviving and prospering during bad economic situations.

DuPont Model's three key factors that determine the quality of a business - 

1. Generating profits (net profit margin)
2. Managing assets (asset turnover)
3. Finding an optimal amount of leverage (financial leverage).

ROE(Return on Equity) = (Profit margin)*(Asset turnover)*(Equity multiplier) = (Net profit/Sales)*(Sales/Assets)*(Assets/Equity)= (Net Profit/Equity)

Note:

Profitability is measured by profit margin

Operating efficiency is measured by asset turnover

Financial leverage is measured by equity multiplier