You only have to do a very few things right in your life so long as you don’t do too many things wrong.

You only have to do a very few things right in your life so long as you don’t do too many things wrong.

– Warren Buffett

Most of Warren Buffett’s investment strategies are known for their simplicity. The above quote is one such advise that is a prime example of simplicity. When the popular media is united in taking the “diversification” approach to financial investments, Buffett is not a big supported of that.

As per Buffett, for new guys who don’t know anything about investing, it makes absolute sense to diversify. But if you are a professional and if your goal is to make big returns on your investment, then diversification is a a no no. His simple logic is staying away from diversification is this. If you have diversified among 50 avenues, you will never be able to say that you like all the 50 equally. This means that there might be 5-6 among these fifty which would be absolute winners in your eyes and the rest, not so much. Usually people diversify out of fear to decrease the chances of losing all your money if the one investment you picked tanks. This is where we have to go back to the circle of confidence that Warren Buffett keeps referring to in many of his talks. In other words, if you have a clearly defined boundary then your the 5-6 out of the 50 you picked will be inside the circle of confidence and the rest will be just outside the boundary of your circle of confidence or maybe in the very edge.

In life and in investment, if you see and observe the people who made a mark, you will find that they concentrated on one (or a select few areas) area alone and gave their undivided attention and razor sharp focus on that area.

In short, diversification might minimize risk of loosing your money but it also stops you from  maximizing the ROI. Think back and see if you can remember a time when you gave something your undivided attention and ultimate focus. What was the outcome?

Quotes for Thoughts – New series

Today I was watching a YouTube video in which Warren Buffett along with Bill Gates was giving a talk to the university of Washington students. I always admired the personality that is Warren Buffett. Not because of how much wealth he has amassed over the years, but because of his ability to keep the fortune from getting into his head. He lives in the same old house as he was living before he became the second wealthiest man and lives a simple life. He is quick witted and generous. His one liners and quotes are very famous among the investment communities. Unlike many other billionaires, he is willing to share his wealth of knowledge. So I decided to collect as much as quotes I can from his various interviews and try to make sense out of it.

Quotes that one comes up with, I believe is a compressed version of all of ones experience that he/she had over his life time thus far. They tells a lot about the person and it would do good to study them rather than hearing it and forgetting it. I am starting a new series of articles in which I am trying to make sense out of the quotes in more details by putting it in context and do a bit of in-depth digging.

How to delete/clear history from youtube

If you are an average youtube user, then you will be surprised to know that youtube is tracking each and every video you watch as long as you are logged in to your account. Youtube later uses this info to suggest you other videos. Sometimes this will be annoying. For example, when I am logged in to my youtube account, my kid comes and goes through her favorite nursery rhymes and stuff. The next time I log in to the account, Youtube suggests “Twinkle Twinkle Little Start” to me by analyzing my history. I am sure there are other more annoying scenarios that you can think of.

By default, Youtube stores all the videos in history. You can change the settings. Checkout the figure below.

When you login to your Youtube account, you can see the “History” link in the left panel as shown by the #1 red arrow. Once you click that, you will see your watch history. You can select the individual videos you want to delete by clicking the checkbox shown by the red arrow #2 and then clicking the “Remove” button shown by red arrow #3. If you want to clear all the history, then click on the “Clear all watch history” as shown by the #4 red arrow. If you want to stop Youtube from saving your watch history click the “Pause watch history” as shown by the red arrow #5.



Republic Wireless Number porting and more

This review is an extension of my earlier review about the best value mobile plan existing for US customers as of today. I want to talk more about a few other things I thought would be useful (like republic wireless number porting, customer service etc) Its been more than 2 weeks since I got the device. I am glad to report that I am still satisfied with the phone, the plan and overall call quality. If you haven’t seen, they have an awesome deal going on right now. They are offering a Google Chromecast absolutely free when you get any one of their plan ($5 also qualifies) with a MotoX $299 on Republic Wireless Unlimited 3G Plans. The promotion was only valid for a few days, so please double check the link above to see if they still have the promotion going on.

I have a few updates from my last time. In my last review, I mentioned about call quality getting affected when there is heavy internet usage. But that was the only time I felt it. I have a DSL connection and it is not as fast as the cable connections. Earlier my wireless router was placed in a corner and was not kept high enough. I change the position of the router and ever since, the reception and call quality became excellent.

Another downside I found about the device is about the storage. I got a device with 16 GB storage. There is no option to include a micro sd card to expand the storage. But I noticed that even after installing all my apps from my previous Galaxy S3 and Galaxy tablet, it still had 11 GB left. One of the main challenge I am facing is on how to load my big song list. I am experimenting with Google Music app and things seem to be working out well.

Yet another thing I found out about them was there were no customer service reps that I could speak to. All of their customer service is handled via internet and email. When I was trying to port the number of my S3 to Moto X, I faced a few challenges in locating the right link to initiate the transfer. If you want to transfer the old number like I did, make sure you check first using their “Number Check feature” from their main page. But in the end, I was able to find the link to initiate the transfer from a “Transfer” link in  My Account ==> My Phones ==> Available actions.

If you have any questions about the device or the plan, feel free to ask the question in the comment section below.

Republic Wireless review. Moto X on Republic Wireless

An introduction to Republic Wireless

In the last post, I provided a brief review of the new Moto X that I got from the Republic wireless plan. I talked mainly about the Moto X phone. But I am equally excited about the tons of money I am going to save with the plan I have with the Moto X. Republic wireless is a comparatively new player in the wireless arena. But they have really made a big entry primarily because of the attractive plans they offer.

The plans start at $5 per month if you can believe it. This plan has unlimited talk, text and data when you are in a WIFI area. No cell coerage is available for this plan which means if you step out of the WIFI area, your call will get disconnected.

The next one is a $10 plan which has unlimited talk and text in WIFI and using cell network. The data can be used only when you are in WIFI for this plan.

Next comes the $25 per month plan which is what I have. It has unlimited talk, text and data (3G). This is their most popular plan as well. Since I use data only for navigation and browsing websites, 3G is just enough for me.

For those who can’t live without 4G, there is a $40 plan which covers unlimited talk, text and 4G. When compared with other 4G plans, this one still comes out as one of the best 4G plans out there.

Coverage and Quality for Republic Wireless

Republic wireless uses Sprint 4G network which will only improve in the near future because of the huge amount of cash due to the recent deal with Softbank. But do check whether there is sprint coverage in your area before jumping into Republic. You can check the coverage using the Coverage map provided in the Republic website.

My personal experience has been good so far. So far none of my calls got disconnected. I went to the far to an area where my home WIFI was very week but still the call quality was good. The only time I felt like call quality is a bit below par was when 4 other devices were connected to the same WIFI and using it heavily. I also tested what they call the WIFI to wireless hand off. While I was in a call, I moved away slowly from the WIFI coverage area to a non coverage area. The hand off happened smoothly and there was no disruption in the call.

 Free Chromecast with Moto X on Republic Wireless

As I write this, they are running a great promotion. If you buy a Moto X from Republic wireless along with one of their plans (even $5 plan), you will get a Google Chromecast (Value of $35). Luckily, I got this offer and I love the Google Chromecast. But this offer is limited and can go away anytime.  I even tried casting the video from my Moto X to m Samsung HDTV and it worked like a charm.

Downsides / Who shouldn’t get Republic wireless

The Republic wireless is great for someone who is looking for a great Android phone (Moto X) and for those who are looking to drastically cut down their mobile bills. But it comes with a price. The downside is that Republic Wireless specially modifies the Moto X firmwire so that it can handle the handoff between WIFI and wireless. Due to this you will only be able to use your Moto X with Republic wireless. As of now, there is no option for BYOD (Bring your own device) where the customer can bring his own unlocked version. There is a 30 day money back guarantee so that you can get a full refund if you don’t like the service.

How to save even more?

If you are not a big fan of a fancy new Android phone, you can go for a second hand Republic wireless phone on e-bay or some secondary markets. The e-bay analysis shows that if you ever decide to sell your Republic wireless phone, then there is demand.

If you have any questions before getting the service, feel free to leave a comment.