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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
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» CCS.N0000 ( Ceylon Cold Stores)
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» When Will It Be Safe To Invest In The Stock Market Again?
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» Dividend Announcements
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» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
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» SEYB.N0000 (Seylan Bank PLC)
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» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
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» The Korean Way !
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» In the Meantime Within Our Shores!
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» SRI LANKA TELECOM PLC (SLTL.N0000)
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» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
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» COMB.N0000 (Commercial Bank of Ceylon PLC)
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» REXP.N0000 (Richard Pieris Exports PLC)
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» Cboe Volatility Index
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» TJL.N0000 (Tee Jey Lanka PLC.)
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» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
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» Bitcoin and Cryptocurrency
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» PLC.N0000 (People's Leasing and Finance PLC)
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» Bakery Products ?
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» NTB.N0000 (Nations Trust Bank PLC)
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» When Seagulls Follow the Trawler
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» Re-activating
The Sri-Lankan Kid who made it big !  EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
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» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
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» SAMP.N0000 (Sampath Bank PLC)
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» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
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» WATA - Watawala
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» Capital Trust Broker in difficulty?
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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
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    The Sri-Lankan Kid who made it big !

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    The Alchemist
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    The Sri-Lankan Kid who made it big !  Empty The Sri-Lankan Kid who made it big !

    Post by The Alchemist Thu Apr 16, 2015 1:12 pm

    Filthy Rich Investor Explains Why Being Rich Didn’t Make Him As Happy As He Thought It Would

    http://static6.businessinsider.com/image/547674c76da81138406eb7a9-480/social-capital-founder-chamath-palihapitiya.jpg


    • EUGENE KIM


    • NOV. 29, 2014, 2:48 PM

    Flickr/TechcrunchSocial+Capital Partnership founder Chamath Palihapitiya
    Chamath Palihapitiya, the founder of The Social+Capital Partnership, is a classic case of a “rags-to-riches” story.
    As an immigrant in Canada, Palihapitiya grew up on welfare, living above a laundromat with his dad unemployed. Not being as privileged as some of his “rich” friends, Palihapitiya says the biggest thing on his mind at the time was “trying not to be poor.” He would obsess over the Forbes’ Billionaires List, dreaming of one day putting his name on it.
    “I grew up super poor. I thought I really, really wanted to be rich. But that was the only way I could see the world growing up how I did,” Palihapitiya told Business Insider.

    Perhaps because of this mindset, Palihapitiya quickly became one of the most successful tech leaders at a very young age. By 26, he became the youngest VP in AOL’s history and later joined Facebook in 2007, becoming the social media’s longest tenured senior executive. Along the way, he was able to build massive amounts of wealth, which is estimated to be nearly $1 billion.

    But once he finally became rich financially, Palihapitiya says it didn’t really make him as happy as he thought it would. He says he realized that unless he did something more meaningful with his wealth, and have a “massive impact,” he wouldn’t feel truly happy about being rich.

    “The most important thing I realized is you need something superficial like that (being rich) to act as a catalyst initially, so you are motivated to escape whatever you are trying to escape,” he says. “But then you need to use that as a bridge to a more meaningful, long-term, largely unrealistic goal that can keep you focused, grounded and helpful to others.”

    So after cashing out his Facebook stock, Palihapitiya founded his own venture capital firm called The Social+Capital Partnership. It takes a little different approach than other VC firms in that it mostly invests in companies that really tries to tackle serious social and global issues. For example, it’s invested in Glooko, a mobile diabetes management company, and Treehouse, a company that trains computer engineers and helps them find jobs.

    “I want to create a massive legacy,” Palihapitiya says. “I am fortunate enough that I can fund that and put the money back in the world.”


    Read more: http://www.businessinsider.com/chamath-palihapitiya-on-being-rich-2014-11#ixzz3XS8X61Wt

      Current date/time is Tue Jul 23, 2024 10:36 am