Tuesday, December 23, 2008

The Towers of Wisdom and Knowledge

Here are some of the revered ones in the order they were founded...


500 B.C. University of Nalanda India
1096 A.D. University of OXFORD United Kingdom
1209 University of CAMBRIDGE United Kingdom
1636 HARVARD University United States
1701 YALE University United States
1740 UPENN United States
1746 PRINCETON University United States
1754 COLUMBIA University United States
1764 BROWN University United States
1766 RUTGERS United States
1769 DARTMOUTH College United States
1785 University of GEORGIA United States
1871 Berkeley United States
1885 Stanford United States
1929 BITS Pilani India
1955 UCSD United States
1958 IIT Bombay India

Thursday, December 4, 2008

Equity Risk Management

Valuation
As the great master said "You can lose capital by investing in a good business if you pay a lousy price".

Timing Risk
In capital markets, you can be relatively certain of what will happen, but not when. If you are forced to liquidate your positions to raise capital, that is a recipe for disaster.

Business Moats
Business risk is the potential for loss of value through competition, mismanagement, and financial insolvency.