"The secret of financially happy living is to plan for all the known events in life and to make provisions for all the unknown events in life," he explained.
Below is the edited ript of his interview on CNBC-TV18
Q: Warren Buffett has used the power of compounding to a dramatic effect in getting value for his investments to grow at spectacular rates now that is legend for the stock market. Yet, for a large majority of investors this benefit of compounding is not something they have taken advantage off can you give us the argument of compounding to convince our viewers?
A: The retail investors have still not understood the power and the benefits of compounding. From a financial planning perspective, we all have goals in life. Some of us have defined them and some have not defined them. The secret of financially happy living is to plan for all the known events in life and to make provisions for all the unknown events in life.
One of the known events which every individual is going to require to take care of is, retirement. Whether one is salaried, a business person or a profession, it could be any of the occupation; retirement is something that somebody needs to plan for. This is a planned event in life. Planning for it would essentially mean that one needs to start thinking about doing something for it and actually do something for it much in advance.
Hot Promising Companies To Own For 2015: Lam Research Corporation(LRCX)
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipments used in the fabrication of integrated circuits. The company offers etch products that remove portions of various films from the wafer in the creation of semiconductor devices. Its etch products include dielectric etch, conductor etch, three-dimensional integrated circuit etch, MEMS devices, CMOS image sensors, and power devices for etching process. Lam Research Corporation also provides wafer cleaning steps that comprise post-etch and post-strip cleans, and pre-diffusion and pre-deposition cleans; and single-wafer wet clean and plasma-based bevel clean systems. The company offers its products to semiconductor manufacturers. It operates in the United States, Europe, Taiwan, Korea, Japan, and the Asia Pacific. Lam Research Corporation was founded in 1980 and is headquartered in Fremont, California.
Advisors' Opinion:- [By Stephen Simpson, CFA]
Ultratech isn't the only game in town, though, and there are multiple technologies and process steps that are going to play significant roles in the production of FinFETs and 3D circuits. With that, I would take a look at Mattson Technologies (MTSN), as this company has already accomplished the not-so-easy task of gaining meaningful share in the dry strip, rapid thermal processing (RTP), and etch markets despite competing with giants like Lam Research (LRCX), Applied Materials (AMAT), and Tokyo Electron (TOELY.PK).
Best Warren Buffett Stocks To Own For 2014: Canadian National Railway Company(CNI)
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business in North America. It provides transportation for various goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, and intermodal and automotive products. The company operates a network of approximately 20,600 route miles of track that spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico. It serves the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), as well as metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis, and Jackson (Mississippi), with connections to various points in North America. The company was founded in 1922 and is headquartered in Montreal, Canada.
Advisors' Opinion:- [By Paul Ausick]
This is the latest in a string of derailments involving trains moving crude oil from North Dakota to market. A Canadian National Railway Co. (NYSE: CNI) derailed and 4 cars carrying crude oil and 9 cars carrying liquefied petroleum gas (LPG) caught fire about 50 miles west of Edmonton, Alberta, in early October. There were no injuries in that incident either, although all 100 people living a nearby town were evacuated.
- [By Brian Pacampara]
Similar to my thoughts on [Canadian National Railway (NYSE: CNI ) , railroads are the backbone of the economy, and when the economy finally climbs out of the recessionary hole it is in, companies like GWR will reap the most benefits. GWR also has the dominance in short and regional lines in the North American market plus Australia. Their traffic growth has been steady of late and performed well over the years.
Best Warren Buffett Stocks To Own For 2014: Healthcare Services Group Inc. (HCSG)
Healthcare Services Group, Inc., through its subsidiaries, provides housekeeping, laundry, linen, facility maintenance, and food services to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates in two segments, Housekeeping, Laundry, Linen, and Other services (Housekeeping); and Dietary Department Services (Dietary). The Housekeeping segment offers cleaning, disinfecting, and sanitizing of patient rooms, and areas of client?s facility, as well as laundering and processing of the personal clothing belonging to the facility?s patients. It also engages in laundering and processing bed linens, uniforms, and other assorted linen items utilized by client?s facility, as well as distributes laundry installations. In addition, this segment provides maintenance services that consist of repair and maintenance of laundry equipment, plumbing, and electrical systems, as well as carpentry and painting services. The Dietary segment i nvolves in providing dietician consulting professional services, developing a menu that meets the patient?s dietary needs, and purchasing and preparing the food for delivery to the patients, as well as participates in monitoring the residents? on-going nutritional status through providing dietician consulting professional services. As of December 31, 2009, the company provided services to approximately 2,300 facilities in 47 states. Healthcare Services Group was founded in 1976 and is based in Bensalem, Pennsylvania.
Advisors' Opinion:- [By Seth Jayson]
There's no foolproof way to know the future for Healthcare Services Group (Nasdaq: HCSG ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result.
Best Warren Buffett Stocks To Own For 2014: USA Technologies Inc.(USAT)
USA Technologies, Inc. supplies cashless, remote management, reporting, and energy management solutions for the unattended point of sale market primarily in the United States. The company offers networked devices and associated services that enable the owners and operators of stand-alone distributed assets, such as vending machines, kiosks, personal computers, photocopiers, and laundry equipment the ability to remotely monitor, control, and report on the results of these distributed assets, as well as the ability to offer their customers cashless payment options. Its products include Intelligent Vending, an ePort connect solution for the vending industry; Kiosk, an ePort solution that offers an electronic payment option and Web-based remote monitoring and management for various kiosk types; eSuds, a solution for the commercial laundry industry; Business Express, which provides self-service business center solutions to the hotel and motel industry; and ePort Transact soluti on for the self-service business center devices, such as printers and copy machines. The company also manufactures and sells energy conservation products comprising VendingMiser, CoolerMiser, VM2IQ and CM2IQ, SnackMiser, and PlugMiser for various existing equipment, including refrigerated vending machines and glass front coolers. USA Technologies, Inc. was founded in 1992 and is based in Malvern, Pennsylvania.
Advisors' Opinion:- [By Monica Gerson]
USA Technologies (NASDAQ: USAT) is estimated to report its Q4 earnings at $0.02 per share on revenue of $9.89 million.
Vail Resorts (NYSE: MTN) is projected to post a Q4 loss at $1.71 per share on revenue of $117.82 million.
Best Warren Buffett Stocks To Own For 2014: Gray Fox Petroleum Corp (GFOX)
Gray Fox Petroleum Corp., incorporated on September 22, 2011, is a domestic oil and gas exploration and development company. The Company focuses on the acquisition and exploration of oil and natural gas properties in the Western United States.
The Company has 100% working interest and an 82% net revenue interest in the 32,723 acre West Ranch Prospect. The Company�� West Ranch Prospect is located in the Butte Valley Oil Play Region of north central Nevada in Elko and White Pine Countries, which has produced over 50 million barrels of oil in Nevada from structures and reservoir horizons similar to those under the West Ranch Prospect. The prospect consists of 22 Federal leases in the Butte Valley Oil Play Region.
Advisors' Opinion:- [By Peter Graham]
On Friday, small cap mining stocks Maverick Minerals Corp (OTCMKTS: MVRM) and Liberty Coal Energy Corp (OTCMKTS: LBTG) plus oil stock Gray Fox Petroleum Corp (OTCBB: GFOX) sank 30.9%, 16.67% and 11.2%, respectively. However, only one of these stocks appears to have been the subject of some kind of paid promotion in the form of an investment in some shares. So will these three small cap mining or oil stocks keep coming up empty for investors this week? Here is a closer look:
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