Finance, Projects and Charity

National Income Accounting CBSE Syllabus Class XII (Class 12 ) 1. Economic Wealth is not mere possession of natural resources  and how this natural resources are used to produce products & Services which retain the production flow and create income & wealth Is created. 2. Intermediate goods are goods which transforms its character to form another goods. Ex: farmer produces cotton and sold to spinning mill which transform into textiles. 4. Final goods are consumption goods and capital goods. Goods like food, clothing, recreation, etc are goods consumed by consumer are called consumer goods. Durable goods like tools, implements, machines which make production feasible are called capital goods, which enhance the production function and investment done. Some commodities like television sets, automobiles, home Computers, where only wear & tear as replacement of parts, called Consumer Durables. 5. Final goods & services in the economy with given period

Changing Environment For Good.... I read Guy Spier’s book, The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment , in a single sitting. The section of the book I was most interested in reading was on his charity lunch with Warren Buffett. While details of what transpires at these lunches are fairly scant, there is a whole chapter on it in this book. I tore into that chapter first, eager to find out the pearl of wisdom that eluded me. Finding no secret, I flipped to the front and fell into the story. I had the serendipitous pleasure of running into Guy at the Omaha airport earlier this year. What I loved about him – and his book – is that he’s open about his struggles. In a world where so many of us, myself included , are closed and guarded about things we don’t want other people to know or see, Guy is an open book. He has struggles. He’s human. He’s real. Things are not black and white. He didn’t come out of the womb fully