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Gerishon kirima DEAD
Ms Mkenya
#11 Posted : Thursday, December 30, 2010 9:36:13 AM
Rank: Veteran

Joined: 5/13/2010
Posts: 869
Location: Nairobi
muganda wrote:
Lo! The Judges will become new head of family...


I agree with you..

@ Guka, very true! I always pray i will know when i have enough. Better still, be like Manu Chandaria, open some charities to use up some of that money...That way it doesn't get to your head..and family...
We have a lot to learn from this.
....above all, to stand.
Intelligentsia
#12 Posted : Thursday, December 30, 2010 9:37:55 AM
Rank: Elder

Joined: 10/1/2009
Posts: 2,436
I wonder how he made his money in the first place
MaichBlack
#13 Posted : Thursday, December 30, 2010 9:46:23 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
Njung'e wrote:
Pesa haina adabu......You make loads of cash.Die miserable and leave behind distressed members of your family.BK!

Ms Mkenya wrote:
@ Guka, very true! I always pray i will know when i have enough. Better still, be like Manu Chandaria, open some charities to use up some of that money...That way it doesn't get to your head..and family...
We have a lot to learn from this.


That is why Warren Buffet said:

You should leave your children enough money so they can do anything but not so much that they can do nothing.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
McReggae
#14 Posted : Thursday, December 30, 2010 9:47:09 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Rest in peace bwana GK!!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
MaichBlack
#15 Posted : Thursday, December 30, 2010 9:58:58 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
Intelligentsia wrote:
I wonder how he made his money in the first place

By setting up an array of businesses - butcheries, slaughter house, real estate etc., putting his time in their management and most importantly, not eating 2,500/= lunches - if you know what I mean. This dude personally supervised construction of his buildings "fundi wasiibe simiti". These might sound stupid and stingy but any quantity surveyor will tell you that in Kenya approx. 30% of the cost of a building goes to theft by fundis/foremen/supervisors etc!!! You can research on this. Now if you are doing a 100m building how much do you lose to fundis through theft - both direct and indirect [overpriced items etc.]
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#16 Posted : Thursday, December 30, 2010 10:09:05 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
Ms Mkenya wrote:
Better still, be like Manu Chandaria, open some charities to use up some of that money...That way it doesn't get to your head..and family...
We have a lot to learn from this.

To deviate from the thread a bit, I doubt how charitable Manu Chandaria is deep inside. The working conditions and salaries in most of his firms are deplorable. You just need to talk to some of his employees or visit some of his firms. I once visited one in Mariakani Mombasa that resembles a medium security prison.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
muganda
#17 Posted : Thursday, December 30, 2010 10:13:26 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@Njungé @MaichBlack very true. I saw a poignant quote at work on how as your wealth grows and grows in size, the only way to keep your soul proportional is to increase and increase the amount you give. Otherwise all of us, you, me, loose ourselves!

And let me tell you, walking on hot coals barefoot will mostly get you burnt. Much like a committed man in the wiles of an unclad beautiful adultress at midnight!

A wise Asian man gave me a pep-talk recently on Maya Moh. You must not underestimate the attachment that comes with wealth!
So strong is its stranglehold that even saints and sages struggle to overcome it.

zedjohn
#18 Posted : Thursday, December 30, 2010 10:31:39 AM
Rank: New-farer

Joined: 9/2/2010
Posts: 8
Location: World citizen
Just read(nation.co.ke) that rent alone for his estate is "estimated at between Sh17 million and Sh20 million monthly."

Not a bad monthly cheque!
It's really hard being everything to everybody, you actually end up being nothing to nobody!
My 2 cents
#19 Posted : Thursday, December 30, 2010 10:38:29 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
The wealth aside; I wonder if given a second chance he would live his life the same way he did it the first time round. The last few years in particular seemed miserable.

Is life all about the 'one with the most toys' at the grave wins? That guy could have done with a couple of 2,500/= lunches. Life is not all about accumulation.

One has to strike a balance, and believe me I aint hating because I struggle with this balance all the time.
MaichBlack
#20 Posted : Thursday, December 30, 2010 10:46:39 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
My 2 cents wrote:
Is life all about the 'one with the most toys' at the grave wins? That guy could have done with a couple of 2,500/= lunches. Life is not all about accumulation.

One has to strike a balance, and believe me I aint hating because I struggle with this balance all the time.

That's very true @My 2 cents. One thing most of us never get right is the timing. When do you start having the 2,500/= lunches? If you start too soon, you never attain financial independence, if you leave it too late, then it's others who actually have the 2,500/= lunches on your behalf!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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