The Secret: The Power - Rhonda Byrne

My Views – Book is good. I need to practice it in real life. It is something that I can relate to Munna Bhai MBBS, All is well and Baba Shivanand.

I believe in some of the things that were mentioned in the book but definitely the belief has gone stronger.

Ø  U r creator of u r destiny.

Ø  U r what you think. Your feelings are God.

Ø  The force in world is Love that moves everything.

Ø  Give Love, show appreciation and gratitude – U r sure shot successful.

Ø  Scientific results that Water change structure when good feelings are thought is amazing stuff. It is one scientific thing that has added a lot more weight to everything. Researchers in Japan, Russia and US have discovered that water exposed to positive words and feelings such as love and gratitude, the structure of water changes, making it perfectly harmonious.

Recently something that happened. My Chairman was upset on something and I was called when I had just read 50 pages of the book. I went in a totally happy mood and post discussion my strategy head said ‘U handled the situation really well’ J.

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Key Lines from book

Ø  You have to talk about what you love, to bring what you love to you.

Ø  You have to feel love to harness its power.

Ø  The measure of love is love without measure

Ø  Nothing comes from without. All things come from within.

Ø  Imagination is the beginning of creation. You imagine what you desire, you will what you imagine, and at last create what you will.

Ø  ‘Your feelings are your God’ – Chanakya(350 – 275 BC)

Ø  Respond intelligently to even unintelligent treatment – Lao Czu.

Ø  Destiny is no matter of chance. It is a matter of choice.

Ø  ‘Everything is possible for the person who believes – Jesus

Ø  Muddy Water, let stand, becomes clear – Lao Czu.

Ø  There are no accidents and coincidences in world.

'The Art of the Deal' - Donald Trump

Elements of deal – Think big, protect the downside, maximize your options, know your market, use your leverage, enhance your location, get the word out, fight back, deliver the goods, contain the cost & have fun.

U don’t need best location, u need best deal. You can enhance a location through promotion and through psychology.

Experience from fake Oil Company

Listen to your gut, no matter how good something sounds on paper. Second is you are generally better off when you stick with something you know. And third is that sometimes the best investments are the ones you don’t make.

Donald Trump Attribute – At college he used to read FHA foreclosures.

First Deal – Swifton Village. Troubled place, he bought and turnaround the place.

Deal - The Tiffany Deal – Got the building, air zones from adjacent building and the next land adjacent to it.

Deal – The building on the broadwalk – Atlantic City Casino

Management Rule – Hire the best people from competitors; give them more pay and incentive as per performance to make a world class performance.

‘Its not many hours you put in, it’s what you get done while you’re working’.

Join a club where you can make good contacts.

‘I don’t believe you can ever be hurt by buying a good location at a low price’

‘When it comes to a deal, talk to the top person straight, rest of them are employees’.

‘Good Publicity is better than bad publicity and bad publicity is better than no publicity. In short controversy sells’.

Things to do
1. News paper common habit
Separate fund for distressed real estate units

Learnings
1. Distressed assets to be seen carefully.
2. Deal is an art, combine it and make it bigger and artistic. U have won. Ex Swifton deal, Tiffany Deal.