Three Things to Learn from Warren Buffett

 

Warren Buffet pic
Warren Buffet
Image: inc.com

The founder of Iyer Health Shield, Krishen Iyer has turned from the insurance industry to real estate in recent entrepreneurial endeavors. In addition to buying and selling key properties throughout the state of California, Krishen Iyer enjoys following the work of Warren Buffett.

The success of Warren Buffet includes several important lessons for anyone who wishes to succeed in business:

1.Work hard. After purchasing his first stock at age 11, Warren Buffett made the equivalent of $53,000 by the age of 16 from his work delivering newspapers, polishing cars, and selling collector stamps and golf balls. He chose to work hard while his fellows enjoyed comic books and played sports.

2. Read. Warren Buffett claims to spend approximately 80 percent of his time reading, and he considers this practice one important key to his success. He gains his knowledge from the newspapers and books he reads, an accrual he likens to compound interest.

3. Persevere. When Warren Buffett started out, his father-in-law told him he would fail, and Harvard Business School rejected him. Despite these setbacks and other disappointments, he never let anything stop him.

Israeli Study Shows Benefits of Make-A-Wish Interventions

 

Make-A-Wish Foundation pic
Make-A-Wish Foundation
Image: wish.org

Krishen Iyer studied public administration and business at San Diego State University before going on to open several insurance brokerages throughout the United States, including Fresno, California-based Iyer Health Shield. Now working in the Fresno real estate field with his company Iyer CRSI, Krishen Iyer supports several charities, including the Make-A-Wish Foundation.

The Make-A-Wish Foundation works to grant the wishes of children with life-threatening conditions. The foundation was recently involved in an Israeli study on the effectiveness of wish granting on sick children in terms of their psychological health and quality of life.

Written by Anat Shoshani, Keren Mifano, and Johanna Czamanski-Cohen, the 2015 study is entitled “The effects of the Make a Wish intervention on psychiatric symptoms and health-related quality of life of children with cancer: a randomised controlled trial.” The trial looked at the levels of hope, positive or negative affect, optimism, and physical and mental symptoms of 66 children with cancer between the ages of 5 and 12. Whereas half the children’s wishes were granted, the remaining children were assigned to a waitlist.

After taking a baseline measurement of these qualities before the wishes were granted, the researchers took another measurement about five weeks later. The study showed significant improvement in terms of distress, depression, anxiety, positive affect, and quality of life for those whose wishes were fulfilled. Those on the waitlist did not show any significant changes, except in terms of their positive affect, which actually decreased. The authors concluded that hope, especially when addressing something that seems impossible, may help these children better manage the difficulties of dealing with a terminal illness.

Golf Courses Innovate during California’s Drought

 

El Niguel pic
El Niguel
Image: elniguelcc.com

Former Iyer Health Shield CEO Krishen Iyer is now involved in buying and selling real estate throughout California with his company Iyer CRSI. In his spare time, Krishen Iyer enjoys golfing weekly.

California faced an extreme and a long-lasting drought over the past several years, facing its driest times within the last 500 years. Golf courses use a lot of water to keep their greens green – about as much in a day as a four-person household might use in a year.

California golf courses have been working on strategies to save water and improve sustainability when climate change is making things like the availability of water more unpredictable. Pelican Hill, near Los Angeles, set up a complex water management system that can store, recycle, and reclaim water. Other courses, like El Niguel in Laguna Niguel, switched to drought-resistant grass and planted local floras that don’t need as much water as grass. Some courses simply let their greens turn brown under the water restrictions.

The drought has officially ended, and California is seeing record rainfall, but sustainable practices in California’s golf courses may help them face unstable weather patterns more effectively in the future.