Sharing by Warren Buffett

Warren Buffett: We begin this New Year with dampened enthusiasm and dented optimism.

Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health.

Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older.

This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.

Hard work : All hard work brings profit; but mere talk leads only to poverty.
Laziness : Sleeping lobster is carried away by the water current.
Earnings : Never depend on a single source of income.
Spending : If you buy things you don't need, you'll soon sell things you need.
Savings : Don't save what is left after spending; spend what is left after saving.
Accounting : It's no use carrying an umbrella, if your shoes are leaking.
Auditing : Beware of little expenses; a small leak can sink a large ship.
Risk-taking : Never test the depth of the river with both feet.
Investment : Don't put all your eggs in one basket.

Opportunities are never lost. The other fellow takes what you miss.

Truly words of wisdom, aren't they? The above article is sourced from an email received recently.

* Malaysian katak and politics. Frogs are great jumpers, hardy, exceptional ability to hide and camouflage, poisonous and at times noisy. According to Wikipedia, frogs feature prominently in folklore, fairy tales and popular culture. They tend to be portrayed as benign, ugly, clumsy, but with hidden talents.

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* Australia announces its 2nd "move earth and heaven" stimulus package worth up to 4% of GDP or AUD42b while cutting interest rate by100 basis point to 3.25%. The news pushed AUD up by 2% yesterday.

* Bloomberg: Isuzu, Japan's largest maker of light duty trucks may post its first annual loss in 6 years.