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Showing posts from August, 2004

Sir John Templeton's 16 Rules for Investment Success

Regarded as a pioneer of global investments in the 1950s, Sir John Templeton's sixteen rules for success still form part of the philosophy employed by gurus like Mark Mobius and Murdoch Murchison. As his name suggests, Templeton founded the Templeton Group while Mark Mobius is managing director of Templeton Emerging Markets Fund. Murchison is best known for his work as banking and mining analyst for the Templeton Funds Group. Sir John Templeton's sixteen rules for investment success: 1. If you begin with a prayer, you can think more clearly and make fewer mistakes. 2. Outperforming the market is a difficult task. The challenge is not simply making better investment decisions than the average investor. The real challenge is making investment decisions that are better than those of the professionals who manage the big institutions. 3. Invest don't trade or speculate. The stock market is not a casino, but if you move in and out of stocks every time they move a point...

What We Have And What We Should Do (Balance Sheet Of Life).

Our Birth is our Opening Balance Our Death is our Closing Balance Our Prejudiced Views are our Liabilities Our Creative Ideas are our Assets Heart is our Current Asset Soul is our Fixed Asset Brain is our Fixed Deposit Thinking is our Current Account Achievements are our Capital Character & Morals, our Stock-in-Trade Friends are our General Reserves Values & Behavior are our Goodwill Patience is our Interest Earned Love is our Dividend Children are our Bonus Issues Education is Brands / Patents Knowledge is our Investment Experience is our Premium Account The Aim is : to reduce liabilities to zero at the end of the day. Keep the current account active and alive Increase the value of the fixed deposit by transferring funds from the current account Increase the value of the current assets every day and above all distribute the dividend with open hands.

Did ABAP Objects fail as a whole?

Did ABAP Objects fail as a whole? Horst Keller, SAP 29 Jul 2004 In a recent SDN weblog, Klaus Meffert discussed the pros and cons of object-oriented software development. In my weblog, I will not discuss the author's general opinion about the object-oriented programming model. There are benefits and drawbacks to any programming model, and these can be discussed by anyone. In my opinion, each developer or development team has their own way of thinking and should be free to choose the programming model that most suits their needs (and as I will show below, there are reasons why one should give ABAP Objects a closer look). However, in the above weblog, I found the following disconcerting statement, which I want to discuss here: "ABAP/Objects is a nice try to lift up ABAP to a more sophisticated technology. This failed as a whole." At first glance this reads like "Forget ABAP Objects! The guys in Walldorf were not able to create an object-oriented langu...