The Power Of Ignorance : Or, The Importance of Setting & Following Rules
Ignorance, like happiness, is usually a state of existence. It is often a ‘default’ state of existence, i.e. we always start life ‘ignorant’ of things.
Ignorance, like happiness, is usually a state of existence. It is often a ‘default’ state of existence, i.e. we always start life ‘ignorant’ of things.
In looking for returns on our investments, let’s look at the risk first: Risk is the possibility of PERMANENT LOSSES: the so-called risk of a
I have made this point before: GDP= Consumption + Investment + Govt (Spending) + Exports – Imports In India, Consumption is roughly 60%, Investment 30%,
Investment can only come from savings and recycled profits. Hence, Recycled Profits + Household Savings + Govt Savings + Foreign Savings= Investment, or (Profits- Dividends)+
Think of it as a factory, or an SBU. The advantage over a physical factory is that our investment can be retrieved with very short
Warren Buffet said “Buy the business, not the stock”, to which Charlie Munger added the tailpiece “The best time to sell a stock is never”.
As a participant in the Dr Mentoring Program (DMP) four years ago, I can say with confidence that the program has been instrumental in shaping my approach towards managing operating cash flow and developing strategies for becoming a successful doctor entrepreneur.
Under the guidance of Mr. Sanjeev Pandiya, a seasoned ex-CFO of many listed companies like SRF, Jindal Steel, and Haulonix, the program provided us with invaluable insights into the financial aspects of running a medical practice. From understanding the basics of accounting and financial statements to learning about cash flow management, the program covered all the essential concepts required to successfully run a medical practice.
Moreover, Mr. Pandiya’s expertise and guidance helped us develop a strategic mindset to approach our profession as entrepreneurs. We were taught how to think outside the box and innovate to create unique offerings and build a brand that sets us apart from the competition.
Overall, I can confidently say that the DMP has had a profound impact on my professional growth as a doctor entrepreneur. The program’s emphasis on financial management and strategic thinking has equipped me with the tools to build a successful and sustainable medical practice. I would highly recommend this program to any doctor looking to enhance their entrepreneurial skills and take their practice to the next level.
Regards,
Dr Yatin Shinde
Indapur
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