Dale Carnegie: How to succeed; Folksy tips from the father of self-help in America

Dale Carnegie: How to succeed; Folksy tips from the father of self-help in America

Nov 2nd 2013 |From the print edition

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Self-Help Messiah: Dale Carnegie and Success in Modern America. By Steven Watts. Other Press; 582 pages; $29.95 and £21.99. Buy from Amazon.com,Amazon.co.uk

RUNNING US Steel at the turn of the 20th century, Charles Schwab was perhaps the first person in America to earn a salary of $1m a year. What made him so successful? Was he a genius? No. Did he know more about steel than other people? Certainly not. So how did he get ahead? Schwab knew how “to make people like him,” observed Dale Carnegie. With charm, confidence and a good smile, anyone can climb the ladder of success. Read more of this post

A Dozen Things I’ve Learned from Philip Fisher and Walter Schloss About Investing

A Dozen Things I’ve Learned from Philip Fisher and Walter Schloss About Investing

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1. “I had made what I believe was one of the more valuable decisions of my business life. This was to confine all efforts solely to making major gains in the long-run…. There are two fundamental approaches to  investment.  There’s the approach Ben Graham pioneered, which is to find  something intrinsically so cheap that there is little chance of it having a big  decline. He’s got financial safeguards to that. It isn’t going to go down much,  and sooner or later value will come into it.  Then there is my approach, which is to find  something so good–if you don’t pay too much for it–that it will have very,  very large growth. The advantage is that a bigger percentage of my stocks is apt  to perform in a smaller period of time–although it has taken several years for  some of these to even start, and you’re bound to make some mistakes at it. [But]  when a stock is really unusual, it makes the bulk of its moves in a relatively  short period of time.”  Phil Fisher understood (1) trying to predict the direction  of a market or stock in the short-term is not a game where one can have an advantage versus the house (especially after fees); and (2) his approach was different from Ben Graham. Read more of this post

Mahindra & Mahindra: SUVival of the fittest; Mahindra has become the pin-up of Indian capitalism—a home-grown automotive champion. Now it must resist complacency and be prepared to take bigger risks

Mahindra & Mahindra: SUVival of the fittest; Mahindra has become the pin-up of Indian capitalism—a home-grown automotive champion. Now it must resist complacency and be prepared to take bigger risks

Nov 2nd 2013 | MUMBAI |From the print edition

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INSIDE Anand Mahindra, an Indian tycoon, there is a rebel bursting to get out. He works amid aircraft models and walls of framed posters and has a mildly indiscreet Twitter account with a million followers. A former film student at Harvard, he describes his country’s malaise using the metaphor of “Star Wars”. Graft and cronyism in India are like an evil Empire that has struck back. His hope is that middle-class and young Indians become Jedi knights to battle the Dark Side. Read more of this post

6 Famous People Who Have Received Brutal Rejection Letters

6 Famous People Who Have Received Brutal Rejection Letters

VIVIAN GIANG OCT. 31, 2013, 10:34 PM 3,723 2

What’s the most difficult thing every successful person has to deal with? Rejection. Recent Nobel Prize winner Alice Munro made headlines when an archive of her rejection letters were found through the Harry Ransom Center at the University of Texas at Austin. One letter, written by Knopf editor Judith Jones in 1968 in response to Munro’s book “Dance of the Happy Shades,” says there is “nothing particularly new and exciting” about the short stories and calls Munro “not that young.” Today, Munro is the first Canadian and 13th woman to win the Nobel Prize in literature. She isn’t the only successful person to receive heart-wrenching rejection letters. C.S. Lewis received 800 rejections before he sold his first piece of writing, and Mary Higgins Clark spent six years trying to get her first novel published, which she sold for $100. Forty years after that first novel, Clark accepted a $64 million book deal with Simon Schuster in the 1990s. Below are six rejection letters that now-famous people once received: Read more of this post

Comvita CEO Brett Hewlett shares his thoughts on role models, the impact of leadership on internationalisation, and whether leadership can be displayed across all levels of an organisation

AUTHENTIC LEADERSHIP

Brett Hewlett, winner of the ‘KPMG Outstanding International Business Leader’ category at the 2013 New Zealand International Business Awards, shares his thoughts on role models, the impact of leadership on internationalisation, and whether leadership can be displayed across all levels of an organisation.

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Who is your top leadership role model?

Richard Branson is always top of mind for me as I find inspiration in his huge vision, but I can also identify with his rebellious, playful and passionate approach to business and life. In general terms I draw most inspiration from amazing acts of leadership from a vast array of people in everyday life, more so than having a following for a single role model – no one is perfect.

What are the top five character traits of a great leader?

Vision, passion, empathy, compassion, generosity – oh, and a good sense of humour helps. Credibility and effectiveness is what sustains great leadership. Over time you will be judged more on what you have done and less on what you have said.

How important is leadership when it comes to helping a company grow into new markets?

Doing anything ‘new’ involves elements of change and risk for an organisation. Not everyone will see it as exciting. It is also possible to be swept away by the pioneering enthusiasm of doing something new just for the sake of it. This is where empathy comes in. A good leader will attempt to understand all of the issues in a balanced way, have empathy for people’s concerns and build consensus and support for the decision. Read more of this post

14 Famous Business Books Summarized In One Sentence Each

14 Famous Business Books Summarized In One Sentence Each

MAX NISEN OCT. 31, 2013, 4:08 PM 24,821 9

Want to read 14 famous business books in under a minute? To save you some time and money, we’ve made it possible. We boiled down some of the most popular and influential business books out there to their central lessons. For those looking to bone up on some business theory, here are the highlights.

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Deepavali is held to celebrate the death of evil at the hands of good, of darkness being vanquished by light. A time to celebrate, a time to ponder

Updated: Friday November 1, 2013 MYT 7:41:21 AM

A time to celebrate, a time to ponder

BY DORAIRAJ NADASON

Deepavali is held to celebrate the death of evil at the hands of good, of darkness being vanquished by light. But every so often, death is cruel and there is little to celebrate.

IT’S Deepavali, a time to celebrate. It’s also All-Souls Day, when Christians (the Catholics, the Protestants don’t bother) gather to remember the dead. In a sense, Deepavali is also a time to remember the dead. It’s said to be the day when Lord Krishna slew the evil demon Narakasura. And it was the dying Narakasura who begged a boon from the God that all in the land should celebrate his death, so there would be no evil on earth again. Read more of this post

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