The world’s second richest person and one of the most successful entrepreneurs in the world, Warren Buffett, has been a source of inspiration for entrepreneurs and venture capitalist everywhere. With a net worth of more than $90 billion, Warren Buffett is also known as the investment guru who still rides the same gold Cadillac to work every day, eats the same meal and takes every opportunity to offer his wisdom to others. The Oracle of Omaha, the Maestro of Wall Street and the Chairman and Founder of Berkshire Hathaway, Warren Buffett is a gentleman of ideas with a splendid personality. Here are a few life lessons from the greatest investment wizard of the century. It’s not enough to surround yourself with people working in the same industry or market. Surround yourself with those people who will help you become a better person and a great entrepreneur. While money can buy you almost everything, it can not buy people who will love your or good health. Build relationships and health, not just a bank balance. The only way to make sure you are growing and learning every day is by keeping up the practice of reading. There is no substitute for knowledge at the end of the day. Buffett is known for backing an idea and not the people behind the idea. He has also added that he would rather buy a wonderful company at a fair price than buy a fair company at a wonderful price. Market your company to get the best value for the best price possible. If you can provide a valuable product, customers will remain loyal to your company for a longer period of time. Learn from your mistakes. See what you did previously and how those decisions affected your business. Never repeat the same mistakes again and keep your rear view mirror clean at all times. Never lose sight of your dreams, Have complete faith in your ability to achieve your dreams despite what happens and work hard to achieve your goals. Once you have started your journey, nobody can stop you from reaching your destination. Everyone has role models that they look up to in life. However, having the right role models is much more important than just having someone to look up to or admire. You do not have to be the smartest entrepreneur or the smartest person in the room. You can run a successful company if you avoid simple mistakes and make the right decisions for yourself and your company at the right time. All it takes are a few right decisions. Save money where you can and keep a track of your expenses. Do not be in a hurry to buy things that are not essential and you can live without. Resist the urge to buy everything that is trending today. Warren Buffett is proof that everything is achievable in life as long as you are persistent, keep the right company and keep up your good work. Buffett has always shown fortitude in the face of adversity and believes in doing what is right regardless of the upheavals in the business world. In the end, he believes life is too short and therefore we should all spend our time and effort on work we love. Watch this motivational speech by the Oracle of Omaha, Warren Buffett.
Louis Vuitton Unknown Facts
Founded in 1854, the French fashion powerhouse Louis Vuitton rose to become the world’s most valuable luxury brand. Known for never having any of its product on sale, it is one of the most counterfeited brands in the world.
With its CEO Bernard Arnauld being declared world’s second richest man with a net worth of $ 108 billion, let’s look at some unknown facts about Louis Vuitton.
Unknown facts about Louis Vuitton
1) The founder of the luxury brand, Louis Vuitton, was the personal box maker and packer of Napoleon Bonaparte’s wife Empress Eugénie de Montijo.
2) The famous monogram of Louis Vuitton was created to fight counterfeit ones and served as inspiration for surreal artist Salvador Dali’s La Toile Daligram.
3) The most famous creation by the brand, Speedy, was originally launched as a travel case. It got its popularity after American icon Audrey Hepburn requested Vuitton to make a custom mini Speedy for her.
4) Mikhail Gorbachev, the last president of the U.S.S.R., once posed for a Louis Vuitton ad campaign.
5) American rapper Kanye West has mentioned Louis Vuitton more than 19 times in his songs.
6) Known for creating luxury bags and accessories, Louis Vuitton once created a collection of luxury pens. It also sells scrapbooks for people with extravagant taste.
7) The bags and jewellery of Louis Vuitton go through an intense durability test before being released to the public. Louis Vuitton bags are subjected to UV rays in an effort to increase the bags’ resistance to fading.
8) After every season, the unsold Louis Vuitton products are sent back to its factory in France and are shredded or burnt, in order to maintain the item’s value.
Considered one of the top luxury brands in the world, Louis Vuitton currently has a brand value of $ 47.2 billion.
Comment and let us know which of these facts impressed you the most.
Rupert Murdoch Unknown Facts
Rupert Murdoch is an Australian born businessman and the founder of News Corp, who turned media into a lucrative business empire. With holdings in The Wall Street Journal, HarperCollins, Fox News and 20th Century Fox, Murdoch is one of the richest people in the world. Here are some unknown facts about the media mogul who is considered the inventor of the modern tabloid.
Unknown facts about Rupert Murdoch
1. As an ambitious 7 year old, Rupert Murdoch would hunt water rats for their skin and manure, which he would then sell for sixpence in his town. He would use his earnings to gamble in school.
2. Murdoch was an excellent cricket player and led his school’s cricket team to National junior finals.
3. His journalism career began with the Adelaide News, which he took over after the death of his father at the age of 22. Rupert Murdoch transformed the failing business into a successful newspaper.
4. He once counter bid for a New Zealand local newspaper, The Dominion, at the spur of the moment during a vacation and ended up winning the bid.
5. He was once declared dead by his own newspaper, The Sun, after digital vigilante groups Anonymous and LulzSec hacked into the newspaper website and published an article, claiming Murdoch died because of drug overdose.
6. He has appeared in two episodes of the hit series The Simpsons and his entrance line was “I’m Rupert Murdoch, the billionaire tyrant, and this is my skybox.”
7. Murdoch has a bad intuition towards social media, which was proven when Myspace, which Murdoch bought for $ 580 million, had to be sold due to its poor performance. He also passed a chance to buy Twitter and warned investors against investing in it.
8. He was awarded a papal honour award, Knight Commander of the Order of Saint Gregory the Great, by John Paul II in January 1998.
9. He once launched world’s first iPad only daily newspaper app, named The Daily. Murdoch invested $ 30 million in building the app. The app eventually shut down as the company started losing money after the launch.
10. He was inducted into the TV Hall of Fame in 2014 for launching Fox Broadcasting Company and changing the television landscape with shows like The Simpsons and The X-Files.
With a career spanning almost 6 decades, Rupert Murdoch saw many failures and controversies, but overcame them all and is now worth $ 21.9 billion.
Women Scientists Turned Entrepreneurs
There are hundreds of innovations and discoveries born in the field of science and engineering every year in universities around the world. However, only a few of them are able to make it into commercial ventures. Today, we will be looking into women who turned their groundbreaking research into successful businesses.
1) Nina Tandon
Nina Tandon is a biomedical engineer and co founded the company Epibone. The main aim of the Company is to develop technology to develop bone reconstruction solution through stem cells. The Company creates bone tissues from a patient’s stem cells and grows them in vitro for use in bone grafts. Tandon serves as the CEO of Epibone and is also an adjunct professor of electrical engineering at the Cooper Union in New York. Tandon was named a TED Fellow in 2011 and a senior TED Fellow in 2012. In 2013, she received an award at the Marie Claire’s Women on Top Awards.
2) Anuradha Acharya
Anuradha Acharya is the founder and CEO of Mapmygenome, a company which focuses on preventive healthcare options through genome sequencing. She also founded another company called Ocimum Biosolutions, a genomics outsourcing company for discovery, development and diagnostics. In 2015, Mapmygenome made news for raising funds worth $ 1.1 million from a group of investors. Acharya was awarded the Entrepreneur of the Year award by the magazine Biospectrum in 2008. Her name was included in the 2018 W-power trailblazers by Forbes.
3) Sinead O’Sullivan
An aerospace engineer, Sinead O’Sullivan specialises in space technology and is currently the CEO of Avioptix, a company which captures, stores and analyzes real time data from satellites, drones and ground robotics. Her Company created the first ever platform to crowdsource drone data. Avioptix tailors their insights to the needs of their clients, supporting agriculture, oil and gas, insurance and NGOs.
4) Rana el Kaliouby
Rana el Kaliouby is a computer scientist and the co founder and CEO of Affectivia. Affectivia is an emotion measurement technology company which develops software to recognize human emotions based on facial expressions and physiological responses. As a research scientist at MIT, her initial focus was on ways to improve human-computer interaction, but she quickly realised the possibility of using the technology to improve human to human interaction, especially for those affected by autism. She was inducted into the Women in Engineering Hall of Fame and was mentioned in Forbes’ America’s Top 50 Women in Tech 2018.
These women serve as perfect examples and inspiration for women working in the STEM field to grow their research into a business empire. If we missed mentioning any such women scientists who turned into entrepreneurs, comment and let us know.
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