Faith, Belief and Healing Essay -- Research Essays Term Papers

Faith, Belief and Healing I became interested in researching faith healing as a means of understanding belief and the idea of the brain healing the body. I knew a little about Christian based faith healing: the evangelical preachers on T.V. who smack the heads of the skeptical, and then they fall backwards, unconscious, and are healed, but I wanted to learn more specific information about the general practice of faith healing. What are the different forms faith healing takes? What are the underlying beliefs of the proponents of this form of belief and healing? How are these people portrayed and delivered over the Internet? Is there anything substantive to the notion of faith healing? What I found was a mix of strange ideas, which I simultaneously believed and scoffed at, depending upon their contexts and the information used to back their claims up. To begin with, I learned about a type of faith healing performed in the Philippines called psychic surgery. It is an ancient practice that was used to relieve pain and promote healing. However, the context it finds itself in today is much more complex than that. To begin with, let me describe what might occur in a session, because it does not embody exactly what the name implies, although many believe it to. There is a lot of "laying of the hands, balancing of magnetic forces, and massaging with divinely sanctioned oils;" these are the pre-"surgery" activities that are performed while "awaiting spiritual guidance." (1) At the meeting of actor Andy Kaufman and a psychic surgeon, the actor was hoping to have his lung cancer removed. After the surgeon received "divine intervention," he appeared to have pulled out "the offending material" in the midst of a lot of blood. (1) Howeve... ...ershadow the truth: which is that belief cannot cure organic diseases existing independently from mind-control, however closely tied the mind and body are to each other. References 1)The Facts About Faith Healing, ever heard of psychic surgery? read this!!! some pretty weird stuff http://serendip.brynmawr.edu/bb/neuro/neuro02/web3/www.quackwatch.com01QuackeryRelatedTopics/faith.html 2)Natural Hygiene: Nobody Knows, Understands, or Practices it. Why?, kind of fanatical support of Natural Hygiene http://serendip.brynmawr.edu/bb/neuro/neuro02/web3/www.healself.org/alternative.html 3)Deborah Elizabeth Shepherd, interesting piece on a fundamentalist Christian family who lost their daughter due to their faith in God and desire to forego medical intervention until it was too late http://serendip.brynmawr.edu/bb/neuro/neuro02/web3/www.geocities.com/robbi01/

Why Do Girls Cut? Essay -- Psychology

Why do people hurt themselves? In a journal article from the American Journal of Psychotherapy, Louise Ruberman notes that about 2.1 million teens suffer from nonsuicidal self-injury, or NSSI. Young women between the ages of 14 and 18 years old take part in NSSI due to poor development of the relationship with their mothers, childhood abuse, and psychiatric disorders. Although there are multiple ways of causing injury to oneself, cutting of the skin as a means of self-mutilation is said to be the most common (Ruberman 119). We will start out by examining the problems that occur during the relationship development between a mother and a daughter at a young age. Gender role identity and body image are directly related to the relationship a young girl has with her mother while she is growing up. During the young ages, a girl needs to feel accepted and positively identified by her mother in order to be happy with her femininity. Mothers play a very important role in helping young girls establish their self-esteem, because a young girl’s first role model is most often her mom (Daniluk & Usmiani 47). If this relationship somehow goes astray, the young girl may easily form a negative body image of herself. Behaviors of self abuse often occur right around the age of puberty, and the reaction to a negative self-esteem may result in NSSI and cutting. According to Ruberman (120), girls who choose cutting as their means of self-injury are using their skin as a â€Å"canvas† to cut open and obtain some control over their own body. This behavior is derived from the lack of control they feel they posses. Ruberman (120), states in her artic le that a mother’s job is to stand by her daughter as she grows from birth without interfering with her own fea... ...ans of communication when less intense strategies have failed, such as yelling or speaking. All in all, the decision to take part in self-punishment is highly influenced by the behavior of others as we are growing up. Works Cited Glassman, L. H., Weierich, M. R., Hooley, J. M., Deliberto, T. L., & Nock, M. K. (2007). Child maltreatment, non-suicidal self-injury, and the mediating role of self-criticism. Behaviour Research & Therapy, 45(10), 2483-2490. doi:10.1016/j.brat.2007.04.002. Ruberman, L. (2011). Girls who Cut: Treatment in an outpatient psychodynamic psychotherapy practice with adolescent girls and young adult women. American Journal Of Psychotherapy, 65(2), 117-132. Usmiani, S., & Daniluk, J. (1997). Mothers and their adolescent daughters: Relationship between self-esteem, gender role identity.. Journal Of Youth & Adolescence, 26(1), 45.

The theme of the novel Russlander (By Sandra Birdsell) :: essays research papers

The October revolution of 1917 in Russia was a turning point that defined Russia as a nation. It was one of the most dramatic events in the history of the Russia that had completely changed the lives of the people at that time. The Russlander by Sandra Birdsell describes the live of a girl who was raised on a wealthy Mennonite estate. It seemed like her parents were ignoring all the troubles in the outside world, living a happy life together. But nothing lasts forever, and their happiness ended with the start of the revolution. At that time Katya was only 16 years old. Just like many people at that time she lost her family and friends, who were killed by the Bolsheviks. The conflict with the new leaders of the country started when her father refused to pay taxes and support his country, and ended with this horrible tragedy. Katya had lost everything that her family owned and was forced to move to another country, where she had to start a new life from scratch. Even though she had relatives living in Canada, it was not an easy task. Just like other immigrants to Canada, she had to face many difficulties, like the learning of the new language, and adapting to the new lifestyle. Many years later, she came back to her homeland to visit the places she grew up in. After more than fifty years she still remembered the tragedy that suddenly ended the happy life of her family. People should value other things, besides money and their estate. Everyone should show more love and attention to the members of their family, because nothing can be compared to the importance of the family to any person in the world. It is unfortunate that in many cases, people realize how important their family is after they lose one or more of their relatives.

Future of technology (advantages and disadvantages) Essay

From day to day, our world has been changed gradually from one condition to another. Nowadays, technology has advanced in huge leaps and bounds. We cannot imagine the world without technological advances such as computer, televisions, and machines and so on. However there are some advantages and disadvantages of technology. First, technologies play an important role in society because it makes life easier to live on and makes time less consuming. People do not have to do all the hard labor anymore. For example, many people have washing machines, clothes driers and dishwashers, so the amount of energy needed to wash and dry clothes and wash dishes is greatly reduced. Second, medical science is very progressive and saves many innocent lives. Medical treatment has been going well with the help of technology. Nowadays, hospitals use technology as assistance for operations. However, technology also brings harm to our society. The overuse and development of factory industries causes pollution to our world. For example the use of cars and machines causes smoke that affects the quality of our air and destroys our ozone layer and as a result people suffer illnesses like cancer. Another disadvantage is that technologies create financial problems in families because most technologies are expensive. For example people that do not have a washing machine will have to wash clothes by hand which is time consuming. In conclusion, we cannot stop technology from developing in our society. Nowadays, we as people rely on technology everyday to make our lives simpler. Without modern technology our world would be a tough place to live in.

The Strong and Durable Digging Equipment – Excavator and Its Parts

Digging equipments for construction is a very strong and durable one. They are usually made of steel which can carry heavy materials without breaking and dig to the ground with the use of the excavator bucket teeth. This part of the machine is built like this so that it will break down the materials that it will dig and it would be easier for the machine to do its task because of this feature. As a result also, it is easier for the bucket to dig through the earth and scoop it up for easy loading and unloading. Excavation is part of a construction project that requires heavy equipment machinery specifically an excavator bucket. It is an attachment that is very useful in construction projects that requires a lot of digging like in making bridges, trenches, ditches and also in mining. The bucket is an application that can be attached even at cranes, tractors, and other construction machinery. As the word itself, its main purpose is to dig and load a larger volume of material that is of great help and at the same time convenient to the workers at mining and construction sites. The excavator bucket suppliers have designed this very efficient machine for a lot of purposes. In the construction area, it is used to break the soil and remove it for the purpose of making trenches, ditches or bridges. Aside from the soil, it can dig through any materials that are within its capacity. In landscaping, it generally is used to excavate the earth so that the area will be designed according to the plans. Moreover, it is used for mining wherein it clears the ground for different mining tasks. In addition it can even dig to the ground to gather raw materials like ore and rocks. Operation of the excavator bucket requires you to be responsible of maintaining it in good shape. Like other machines, it must be checked for any damage and parts that needs to be fixed for it to work well in the area. You must be responsible in keeping it functional and efficient for you to accomplish your work according to your plans. The excavator parts all work together in order to appropriately perform its task. The bucket has a point of attachment wherein it is designed to move and be maneuvered easily according to the wishes of the operator. The tasks and the area that the machine will be used will determine its size. Large and heavy equipment ones are more preferable if you are going to use it on larger projects. Moreover, a compact or smaller in size construction machinery is recommended for small areas and not so big projects. The excavator bucket is indeed very useful in different areas especially that it is a very durable and powerful equipment in digging up materials based on its capacity. It serves a lot of purposes to workers and contractors. Maintenance is also easier if you do daily checkups and inspection on the equipment daily before you proceed with your tasks. Jaw breakers: http://www. hxjq-crusher. com/1. html vibratory feeder: http://www. hxjqchina. com/product-list_14. html combination crusher: http://www. hxjqchina. com/product-list_16. html

Miller v. Alabama (2012) Supreme Court Case Essay

Introduction The Supreme Court reviewed the constitutionality of mandatory life sentences without parole enforced upon persons aged fourteen and younger found guilty of homicide. The court declared unconstitutional a compulsory sentence of life without parole for children. The states have been barred from routinely imposing sentences based on the crime committed. There is a requirement for individual consideration of the child life circumstance or the defendant status as a child. The court rejected the definite ban on life sentences without parole. This is because in some cases the instances may be uncommon, but jurors can find irreparably corrupted children. The Supreme Court declined to decide the subject whether there is age below which children with life sentences without parole is unconstitutional. Background of the case The judgment of the court is mainly based on consolidation of two cases. In Jackson vs. Hobbs, Jackson was at the age of fourteen when he and other two youth went to a store in Arkansas planning to steal from it. In this case, Jackson got charged as an adult and given a life term with no parole. In Miller v. Alabama, Miller was a fourteen year of age. Jackson and another boy set fire to a trailer where they had purchased drugs. Miller was convicted of murder and given a mandatory life sentence with no parole. The decision was reversed by the Supreme Court. The review of the above cases was approved by the Supreme Court presenting the subject of constitutionality of a life sentence without parole for fourteen year olds who committed murder crimes. The two cases follow two previous cases before the Supreme Court. In the case of Roper v. Simmons, it was held that imposition of death penalty on defendants below the age of eighteen violated the eighth amendment. In the case of Graham v Florida, it was held sentencing defendants below the age of eighteen to life without parole violated the eighth amendment. It was held juveniles are less liable in light of changeability, vulnerability and immaturity. Facts of the case In each of the cases above, a fourteen year old was found guilty of murder and sentenced to a mandatory life imprisonment with no parole. In the case of Jackson, the petitioner had accompanied two other boys went to a video store to commit robbery. Jackson learned that one of the boys was having a shot gun. He was on the lookout, once he entered the store one of the boys shot the store clerk. Therefore, Jackson was charged by Arkansas as an adult with aggravated robbery and capital felony murder. He was convicted by the jury of both crimes. A statutory sentence of life imprisonment was issued by the court with no parole. Jackson argued life imprisonment without parole for a fourteen year old violated the eighth amendment. In Miller case, after an evening of drug use and drinking the petitioner and a friend beat Millers neighbor and set fire to his trailer. The neighbor died in the process. At first, Miller was charged as a juvenile. The case was removed and moved to an adult court where he was charged with murder in course of arson. Miller was found guilty by the jury and a statutory life sentence without parole was imposed. The court of criminal appeal of Alabama stated that Millers sentence was not harsh compared to his crime. The mandatory nature was allowed under the eighth amendment. TheDecision The Supreme Court held that the eighth amendment outlaw sentencing system that direct life imprisonment with no parole for juvenile murder offender. The eighth amendment prohibits unusual and cruel punishment and provides assurance of individual right not to be put under extreme sanctions. In Roper v. Simons, it was established that the right stems from perception of justice, therefore punishment should be proportionate to the offence and the offender. There were two precedents that reflected on fair punishment. There was one that adopted definite ban on sentencing system based on differences in severity of penalty and culpability of the offenders. That is why in Roper v. Simons, capital punishment for children was prohibited by the eighth amendment. In Graham v. Florida the eighth amendment also prohibited life sentence without parole for juvenile found guilty of non-homicide cases. This case further associated life sentence without parole for juvenile to death sentence. This suggested the second line of precedent that the court requires sentencing system to consider the details of the offence and characteristics of the defendant before sentencing him or her to death. The two line of precedents guide the court to conclude that life sentence without parole for juveniles in fringeon theeighthamendment. The court decision was influenced by Graham and Roper cases that established for sentencing reasons children are different from adults under the constitution. Children lack maturity and have no developed sense of responsibility. This leads them to be impulsive and reckless. In Roper it was held children are exposed to outside pressure and negative influences from friends. Therefore, they have less control of their environment because the child’s nature is not2 well informed. Graham and Roper emphasized distinguishing traits of children weakening justification for inflicting harsh sentences to juveniles even when they commit outrageous crimes. The court held in 5-4 majority that the eighth amendment forbids unusual and cruel punishment. Justice Kagan reversed Alabama and Arkansas Supreme court decisions. It was held under the constitutionally children are different from adults when it comes to sentencing. Justice Breyer had a concurring opinion arguing there is need for further determination if the offender intended to kill or killed the victim during the robbery. Justice Sotomayor supported the argument. However, Justice Roberts had a dissenting opinion. He argued that the court duty is to apply the law accordingly and not answer questions of social policy and morality. He argued the majority did not prove the punishment to be unusual. In his opinion, he did not find the punishment infringing on the eighth amendment. The dissent was joined by Justices Antonin Scalia, Samuel A, and Clarence Thomas. My Opinion of the Case I personally think the ruling by the Supreme Court on Miller v. Alabama is a welcome decision. I concur with Justice Kagan that mandatory life imprisonment for juvenile is like a sentence children to die in prison. Mandatory life sentence also infringes on the eighth amendment. It is true youths lack maturity and have no sense of responsibility. They are exposed to outside pressure and negative influences from friends and therefore their reasoning is not the same as adults. In wake of my support for Miller v. Alabama decision, I am sensitive to family victims who want retribution. However, I must reiterate that sentencing juveniles for life is not the way3 to go. There is need to think about this juveniles who have been given life without parole as our children. They need to be given an opportunity to come out and prove themselves as better people in society. Friend and families of victims would ask me why they deserve a second chance. It is true they may be mourning but no matter how painful the mourning can be, that cannot change the reality that children are different from adults in society. Children have a great potential for growth, understanding and change. Our sentencing system should not be characterized with vengeance. There may be a need recognize the potential for change. The opportunity should be given to juveniles to experience joy, life, and find meaning. The ban on mandatory life sentence without parole will ensure juveniles become educated, be creative and impact on the society positively.

How to Invest Like Warren Buffett Essay

Introduction Simplicity is the best word to describe the life of philanthropist and mega-billionaire Warren Buffett. The same single word also depicts his multi-billion worth of investment principles and strategies (Cunningham, 2008, p. 18). For more than fifty years Buffett was able to build a multi-billion investment empire with his simple investment philosophy. Like his more than 60 billion dollar fortune under his name, Buffett, who is by far the greatest philanthropist of all time for donating almost all of his wealth to the Bill & Melinda Gates Foundation, is also one of the most observed and most admired personalities in business with countless of articles, books and blogs written about him. If most common people look at him as the most generous man in the world today, people in the corporate world regard him as the greatest guru— or even ‘God’— in the realm of investment. With his great fortune, he is considered ‘God’ in investment because of his ability to spot real value when everybody focuses their attention on market movements and because of his unparalleled skills and knowledge to transform simplicity into greatness. If most billionaires like Bill Gates and Lakshmi Mittal built their business empires through managing profitable technology corporations and industrial firms, Buffett made billions by simply knowing how and when to invest his money. How He Started To know more about the investing secrets of Warren Buffett, it is necessary to look at how he managed his most precious property— his life, and how he lives it (Schroeder, 2008, p.1). He learned how and when to earn money at an early age, and he filed his first income tax return when he was only 13 (Sosik, 2006, p.149). Buffett’s value investment career started when he put his money in Berkshire Hathaway, a little known and ignored holding company based in Omaha, Nebraska in the 60’s. Now everybody is startled to know that if you invested $10,000 in the company in 1965, the value of that money today would be more than $30 million (Investopedia Staff, 2007). If his close billionaire friend Bill Gates dropped out of Harvard University to focus on Microsoft Corporation, Buffett, who is known in the business world as ‘Oracle of Omaha,’ was rejected by Harvard Business School. This experience somehow taught him a great deal not only about business but also about life. To most people Harvard is one of the best, if not the best, schools in the world, but Buffett thought otherwise— his basis of choosing school was not the institution, but the people who would impart the requisite knowledge and values. So when asked about his mentors, Buffett only had three people on top of his mind— his father, Benjamin Graham, and Phil Fisher. His father— Howard Buffett— taught him the positive values he needed to live, while Graham and Fisher taught him the basic principles in investment and how to make money in this profession. His investment style is consisted in the following rubric— think outside the box. When he graduated from college, he wanted to make money in Wall Street, but his father and Graham discouraged him (Miles, 2004, p. 30). The two believed that there were great opportunities waiting for him outside Wall Street. That was the time when everybody wanted to work on Wall Street and when everybody focused their attention on the stock market. Buffett believes that stocks are more than just an asset or capital; it is business. His Philosophy It would be futile to know the secrets of his billion dollar secrets without knowing how he thinks and what he believes in. Unfortunately, most of his biographers failed miserably to look into what is in the mind of the world’s greatest investor. In fact, a review of some literatures and articles would reveal that they just focus on the extrinsic side of Warren Buffett; they failed to look at the intrinsic aspect of his life. Many believe that his philosophy is consisted in these two major Buffet rules— first, never lose capital; and second, don’t ever forget the first rule (Miles, 2004, p. 70). It would be best to say that this does not embody Buffett’s philosophy but rather his tactical investment approach. A business philosophy is something that one holds as his primary direction in life— the fountainhead of his concepts and beliefs, the beacon of his goal, and the reason for living. Buffertt’s business philosophy can be expressed by his following simple quote— â€Å"Be feaful when others are greedy and be greedy when others are fearful† (Hagstrom, 1997, p. 52). Essentially this buffett-line expresses the inherent nature of free-market system, which he and his friend Bill Gates have in common. Under a free-market system, it is rational and ethical to be greedy, since the primary goal of a capitalist is not just to earn profit but to expand it and ensure that it creates limitless profits and opportunities. For some this statement may sound ironic or paradoxical since it contradicts the popular or media-fed persona of Warren Buffett. With this belief— that greed is good, Buffett was able to transform his meager investment into a multi-billion dollar empire that even exceeded that of Gates and Mittal. His investment experience proves that by creatively and greedily investing one’s money— one can make a good or even great fortune out of creative value investment. So what does it take to be like Warren Buffett? Definitely it takes a rational and moral philosophy, proper knowledge, and non-conventional investment point of view to follow the billion dollar investment footsteps of Buffett. But what is the role of philosophy in Warren Buffett’s billion dollar investment strategy? The problem with most people is that they tend to mainly focus on tips, secrets, or strategies. Most successful people did not achieve their status by keeping ‘success secrets’ or ‘strategies’ but by putting into action a rational philosophy that motivates and creates values. A simple look at the life and investment career of Buffett would reveal that it is his rational philosophy that continues to motivate him— that keeps on pushing him to do what he does best. As what Fridson said, budding investors must focus on â€Å"uncompromisingly rational investment philosophy† of Warren Buffett. This is because investment secrets or strategies can be absorbed or learned in a very short span of time or even overnight, but it takes an indefinite period of time to absorb and embody a rational philosophy to translate these secrets or strategies to reality. Of course, this billionaire will not exactly say what people would like to know. Contrary to the many written articles about his investment secrets or strategies, Buffett’s secret is in fact consisted only of three simple words that should be practiced everyday— â€Å"read, research, and think† (Miles, 2004, p. 70). Vague and ambiguous as it may seem but this three-pronged strategy is what Buffet practiced and embodied throughout his more than fifty years in the world of investment. That is why it is stressed in this paper that simplicity best describes the life and investment principles of Buffett. For example, this read-research-think approach of Buffett is the essential element of his cigar-butt investment method. Buffett in fact creatively applied this three-pronged approach in his early years as a value investor. Unlike most investors, Buffett put much premium on his rational judgment than on what most people see in the market. His investment style can be likened to that of a diamond prospector. He knows how to assess which diamond is real or not in just a single glance. He reads, he researches, and he thinks. His Investment Strategy Buffett’s investment strategy is governed by two rules and a number of principles. These dual rules have been mentioned above. This sets the difference between his investment philosophy and his investment strategy. Thus in this paper, Buffett’s investment strategy is composed of rules and principles. Under his primary rule, it is not sensible or moral for an investor to invest and then later on lose his money. Thus this can be avoided by paying attention to his three-pronged investment approach— read, research, and think. By following the aforementioned approach, a young investor may be able to discover several things that are essential in investment’s decision-making process. Buffett considered Graham as his investing mentor. According to Miles (2004, p. 72), it was the Graham school from which Buffett learned not just the basics but also the quantitative principles in investment. On the other hand, he learned a great deal about Fisher’s qualitative side of investment, such as brand, management skills, soft skills, and competition. Thus he said: â€Å"I am an active reader of everything Phil Fisher has to say† (Miles, 2004, p. 72). Now every promising and even established investor is eager to hear what he has to say. Despite his unparalleled success as an investor, he still gives credit to his two mentors, as he likes to say that he is 85 percent Graham and 15 percent Fisher (Hagstrom, 1997, p. 27). The reason why it is important to read, research and think is because in investment, it is highly indispensable to consider the following aspects: a) study the business; b) know well who runs it; c) put money in profits; and the most important of all d) have self-esteem. On the other hand, Buffett’s basic steps when investing are the following (Miles, 2004, p. 70): Determine how much you own Conduct research before buying Focus on business ownership not on stock ownership Simplify investments to manageable proportions Keep a single decision to hold a stock and be a continuing holder For example, before investing his money, Buffett researched first the nature and potentials of Gillette, which is still the world’s top producer of razor blade. Warren’s holding company Berkshire Hathaway invested $600 million in Gillette in 1989; four years ago it already owned 11 percent of said company. This means that from the original $600 million investment, Warren’s holding company’s investment grew up to over $3 billion. When he decided to purchase Gillette, he did not mind its value in the market but the potential profits it could muster in the long run. As a value investor, Buffett put money in securities with low prices according to their intrinsic value. In determining the value of a stock, there is no commonly acknowledged method to get the right figure. Basically, the focus of value investors is not on what the market says but on what the company’s potentials and fundamentals offer. This is because there are some companies that are undervalued by the market yet with good potentials to grow and rake in long-term profits. This is the attitude that Buffett showed to modern investors. Markets only reflect the short-term value of a company, and it takes proper knowledge, better understanding, and courage to discover which company is undervalued and has the capacity to establish a long-term profit-making success. His investment methodology Buffett’s methodology is composed of quantitative aspects in value investment. Under this process, he considers the relation between a stock’s quality and its value. Based on his method, the return on equity is equivalent to net income over shareholder’s equity (Investopedia Staff, 2007). One thing that Buffett considers is debt/equity. Before investing, he conducts research whether a company kept away from excess obligation. This is actually a basic principle in investment— do not invest in a company with huge debt. To Buffett, a debt-ridden company has a low capacity to guarantee return on equity. Debt/equity can be measured by dividing the total amount of obligations by shareholders’ equity (Investopedia Staff, 2007). If a company has more debt than equity, it is not advisable to put money in such company since it uses debt to finance its assets and operations. For instance, a company that has a higher ratio of debt vis-à  -vis equity has an unpredictable earning capacity and is prone to high interest expenses (Vick, 2000, p. 169). When one is investing in a particular company, it is advisable to look at the long-term obligation rather than the total amount of debt. Another aspect that is considered by Buffett is the profit margin. However it is not only important to know if a company’s profit margin is high, what is more important is to know whether it is growing. The capacity of a company to earn long-term profits relies not merely on having a positive profit margin but on constantly expanding this profit scope as well. The attitude of Buffett towards investment can be explained by how he managed Berkshire Hathaway. He purchases stocks to keep the same and he does not look at stocks as a commodity that can be bought and sold but as a business entity. His investment style is simple— he buys stocks and treats them as his own business, and this business makes profits not just for a short span of time but for as long as it stays profitable. He also considers the age of the company— the longer the better. Those that stay in the business for at least ten years are good investment opportunities. Since Buffett admits that he only has a limited knowledge in technology corporations he only puts money in a business which he absolutely understands. He puts much premium on longevity, and this principle brought him where he is right now. When he invested in Berkshire Hathaway, he envisioned of a long-term business that could earn a limitless amount of profit. This is what he learned from Graham, which most researchers consider as the proponent of old school in investment. Perhaps the new school in investment is the buy-and-sell style of most investors wherein profits are short-term and limited. Interestingly, Buffett also looks at the nature of business of a particular company. If most investors usually look at numerical figures, Buffett focuses on the qualitative sides of a company. For example, if a company depends on a commodity like gas and oil, he thinks that such company only offers limited returns on equity (Investopedia Staff, 2007). If the product of a company is identical from those of its market rivals, he thinks that competition would hamper the profit-making ability of such company. To understand the importance of this approach in investment, it is necessary to look at the biggest stock holdings of Berkshire Hathaway. The holding company owns 9.5 percent of Gillette, which is the leader in razor blade industry (Jubak, 2004). It also owns 9.2 percent or $10.1 billion of Coca-Cola, which is one of the biggest companies in the beverage industry. The other companies which Berkshire has shareholdings are the following: American Express, American Standard, Ameriprise Financial, Anheuser Busch, Burlington Northern, Comcast, Comdisco, Conoco Phillips, Diageo, First Data Corp., Gannett Inc., GAP, H&R Block, Home Depot Inc., Ingersoll-Rd Co., Iron Mountain, Johnson & Johnson, among many others (Losch Management Co., 2006). Conclusion Billionaire Warren Buffett is indeed an unconventional value investor who thinks outside the box. At a time when most people paid attention to what the stock market says, Buffett relied only on his competent judgment, on his rational philosophy, and on his self-styled investment principles and strategies. That investment philosophy— be greedy when others are fearful put him to where he is right now, with billions of dollars in his. Despite his unmatched success, he remains humble and still retains the ethical values he learned from his father (Boroson, 2002, p. 18). In business, greed is moral and good. In contrast, fear is something that must be overcome to earn limitless profits from investment. Indeed, Buffett attained his unparalleled success by being ‘greedy’ while others cowered in fear of losing their money.   Taken as a whole, his investment tactic can be summarized into three essential principles— a) make your strategy simple and understandable; b) be consistent with your operations and approaches; c) focus on positive long-standing prospects. One interesting point to take into account is that Buffett’s philosophy and investment strategies never contradict each other. When he advises new investors to be ‘greedy,’ he means profits and business. And when he tells people who would like to follow his footsteps to read, research, and think, he would like them to rely on their own judgment and not be affected by other people’s opinion and market trends. With his more than fifty years in business, Buffett introduced the importance of self-esteem in investment. That it is important to rely on one’s moral judgment. By relying on his own judgment, Buffett maximized his profit-making capacity through Berkshire Hathaway. This means that there is no difference between the work ethics and potentials of a value investor and an industrialist. If Bill Gates and Lakshmi Mittal both create technology through their colossal industrial empires, Buffett creates limitless potentials through his creative and self-inspired investment principles. REFERENCES Boroson, W. (2002). J.K. Lasser’s Pick Stock Like Warren Buffett. New York: Wiley Cunningham, L.A. (2002). How to Think Lke Benjamin Graham and Invest Like Warren Buffett. New York: McGrawhill Professional. Losch Management Co. (2006). Berkshire Hathaway Stock Holdings 2006. Retrieved December 11, 2008, from http://www.loschmanagement.com/Berkshire%20Hathaway/Berkshire%20Holdings/2006.pdf Hagstrom, R.G. (1997). The Warren Buffett Way: The Investment Strategies of the World’s Greatest Investor. New York: Wiley. Investopedia Staff (2007, September 21). Warren Buffett: How He Does It. International Business Times. Retrieved December 11, 2008, from http://www.ibtimes.com/articles/20070921/how-he-does-it.htm Miles, R.P. (2004). Warren Buffett Wealth. Principles and Tactical Methods Used by the World’s Greatest Investor. London: Wiley Sosik, J.J. (2006). Leading With Character.   North Carolina: Information Age Publishing. Vick, T.P. (2000). How to Pick Stock Like Warren Buffett. New York: McGrawhill Professional.