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Warren Buffet recently released the annual letter for the shareholders of his company Berkshire Hathaway. In this annual letter Warren, who ranked #1 on the Forbes’ The World’s Billionaires 2008, said that he had made several mistakes which could have been avoided? if he had looked a little closer. And surprisingly Buffet says that the worst year for his business was 2008 which is exactly the year in which he ranked #1 in Forbes Billionaire list!

Warren has also assured that although the economy couldn’t stand on its own burden right now there is a light at the end of the tunnel. He said, “Better days lie ahead”.

In this annual letter Warren has also hinted that Mr Ajit Jain who handles the reinsurance division may succeed his business. Mr Buffet also wrote a letter to Ajit’s parents back in New Delhi asking if they had another son like Ajit but Buffet knew that there wasn’t!

Here is the link to the [PDF]? Annual Letter to the Shareholders of Berkshire Hathaway Inc

Some details about Ajit Jain -

Name: Ajit Jain

Birth: 1951, India

Education : Bachelor’s from IIT, Kharagpur

MBA from Harvard University

Random: Ajit and Ronojoy Dutta were the clowns in their engineering class!

Buffet once said in his annual shareholders meeting “If you see him here, be sure to bow”

“There is nobody at Berkshire Hathaway that I would have more confidence in than Ajit.” – Warren Buffet

Ajit would have never moved back to US but his wife insisted him to!

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If you are growing older theres a good chance that your hair have started getting gray. Once the process of your hair turning into gray starts then there is no stopping as discovered in a recent medical report by The FASEB Journal; the FASEB is the Federation of American Societies for Experimental Biology. Click here to view the press release by FASEB.

Experts say that graying of hair is a chain reaction which starts when there is a dip in the levels of an enzyme called catalase. Deficiency of catalase enzyme means that the Hydrogen Peroxide present in the hair doesn’t break down chemically and it accumulates in the hair turning it into gray.

So when the experts find a way of retaining that enzyme catalase then there will be no gray hairs – or so we hope!

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