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Sunday, May 18, 2008
Thought of the Week: Wherever I go Lord Nrsimha is there
Term of the Day: Stock
An instrument that signifies an ownership position (called equity)
in a corporation, and represents a claim on its proportional share
in the corporation's assets and profits. Ownership in the company
is determined by the number of shares a person owns divided by the
total number of shares outstanding. For example, if a company has
1000 shares of stock outstanding and a person owns 50 of them, then
he/she owns 5% of the company. Most stock also provides voting
rights, which give shareholders a proportional vote in certain
corporate decisions. Only a certain type of company called a
corporation has stock; other types of companies such as sole
proprietorships and limited partnerships do not issue stock.
also called equity or equity securities or corporate stock.
SP Quote Of The Day: you should know that without the instructions of the spiritual master that there is no question of devotional service.
December 17, 1968
Los Angeles, Calif.
My Dear Sivananda,
You mentioned that leaving is the best thing for your devotional service, but you should know that without the instructions of the spiritual master that there is no question of devotional service. So I think that you must remain in the Hamburg center until I advise you further.
I am anxiously awaiting to hear your reply. I hope you are well.
Your ever well-wisher,
A. C. Bhaktivedanta Swami
Srila Prabhupada Quote Of the Day: How he was seeing the picture? Because h?e slokas or not.
“Krishna Gratification”
Srimad-Bhagavatam 3.25.26
Bombay, November 26, 1974
Purport
Krsna, He can be seen immediately, provided you have got eyes to see. Therefore it is said, premanjana-cchurita… Prema and bhakti, the same thing. Premanjana-cchurita-bhakti-vilocanena santah sadaiva hrdayesu vilokayanti [Bs. 5.38]. I will recite one story in this connection, that one brahmana in South India, in Ranganatha temple, he was reading Bhagavad-gita. And he was illiterate. He did not know neither Sanskrit nor any letter, illiterate. So the people, neighborhood, they knew that “This man is illiterate, and he is reading Bhagavad-gita.” He is opening the Bhagavad-gita, “Uh, uh,” like that he was. So somebody was joking, “Well, brahmana, how you are reading Bhagavad-gita?” He could understand that “This man is joking because I am illiterate.” So in this way, Caitanya Mahaprabhu also happened to be that day in the Ranganatha temple, and He could understand that “Here is a devotee.” So He approa ched him and He asked, “My dear brahmana, what you are reading?” So he could also understand that “This man is not joking.” So he said, “Sir, I am reading Bhagavad-gita. I am trying to read Bhagavad-gita, but I am illiterate. So my Guru Maharaja said that ‘You must read eighteen chapters daily.’ So I have no knowledge. I cannot read. Still, Guru Maharaja said, so I am just trying to carry out his order and opening the pages, and that’s all. I do not know how to read it.” Caitanya Mahaprabhu said that “You are crying sometimes, I see.” Then, “Yes, I am crying.” “How you are crying if you cannot read?” “No, because when I take this Bhagavad-gita book, I see one picture, that Krsna is so kind that He has taken the chariot driver, sarathi, of Arjuna. He is His devotee. So Sri Krsna is so kind that He can accept the position of a servant because Arjuna was ordering, ‘ Keep my chariot here,’ and Krsna was serving him. So Krsna is so kind. So when I see this picture within my mind, I am crying.” So Caitanya Mahaprabhu immediately embraced him, that “You are reading Bhagavad-gita. Without any education, you are reading Bhagavad-gita.” He embraced him.
So this is… How he was seeing the picture? Because he was a lover of Krsna, it doesn’t matter, he could read these slokas or not. But he was absorbed in love of Krsna and he was seeing, Krsna was sitting there, and He was driving the chariot of Arjuna. This is required, not that education. Bhaktya mam abhijanati [Bg. 18.55]. Krsna said, “Not by passing M.A., Ph.D.” Bhaktya: “Simply by bhakti.” Bhaktya mam abhijanati yavan yas casmi tattvatah.
Term of the Day: Bill
A negotiable debt obligation issued by the U.S. government and backed
by its full faith and credit, having a maturity of one year or less.
Exempt from state and local taxes. also called T-Bill or U.S.
Treasury Bill or Treasury Bill.
Paper currency.
An invoice of charges for products and services.
Verse of the Week: Whatever You Do
Term of the Day: Security
An investment instrument, other than an insurance policy or fixed
annuity, issued by a corporation, government, or other organization
which offers evidence of debt or equity. The official definition,
from the Securities Exchange Act of 1934, is: "Any note, stock,
treasury stock, bond, debenture, certificate of interest or
participation in any profit-sharing agreement or in any oil, gas,
or other mineral royalty or lease, any collateral trust certificate,
preorganization certificate or subscription, transferable share,
investment contract, voting-trust certificate, certificate of
deposit, for a security, any put, call, straddle, option, or
privilege on any security, certificate of deposit, or group or index
of securities (including any interest therein or based on the value
thereof), or any put, call, straddle, option, or privilege entered
into on a national securities exchange relating to foreign currency,
or in general, any instrument commonly known as a 'security'; or any
certificate of interest or participation in, temporary or interim
certificate for, receipt for, or warrant or right to subscribe to
or purchase, any of the foregoing; but shall not include currency
or any note, draft, bill of exchange, or banker's acceptance which
has a maturity at the time of issuance of not exceeding nine months,
exclusive of days of grace, or any renewal thereof the maturity of
which is likewise limited."
Property which is pledged as collateral for a loan.
Term of the Day: Mutual Fund
An open-ended fund operated by an investment company which raises
money from shareholders and invests in a group of assets, in
accordance with a stated set of objectives. Mutual funds raise money
by selling shares of the fund to the public, much like any other
type of company can sell stock in itself to the public. Mutual
funds then take the money they receive from the sale of their
shares (along with any money made from previous investments) and use
it to purchase various investment vehicles, such as stocks, bonds
and money market instruments. In return for the money they give to
the fund when purchasing shares, shareholders receive an equity
position in the fund and, in effect, in each of its underlying
securities. For most mutual funds, shareholders are free to sell
their shares at any time, although the price of a share in a mutual
fund will fluctuate daily, depending upon the performance of the
securities held by the fund. Benefits of mutual funds include
diversification and professional money management. Mutual funds
offer choice, liquidity, and convenience, but charge fees and often
require a minimum investment. A closed-end fund is often incorrectly
referred to as a mutual fund, but is actually an investment trust.
There are many types of mutual funds, including aggressive growth
fund, asset allocation fund, balanced fund, blend fund, bond fund,
capital appreciation fund, clone fund, closed fund, crossover fund,
equity fund, fund of funds, global fund, growth fund, growth and
income fund, hedge fund, income fund, index fund, international fund,
money market fund, municipal bond fund, prime rate fund, regional
fund, sector fund, specialty fund, stock fund, and tax-free bond
fund.