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      "body": "Congratulations @krunalthummar! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@krunalthummar/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@krunalthummar) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=krunalthummar)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRUkELn2Fd13pWFkmWU2wBMMx39EBX5V3cHBEZ2d7f3Ve/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\">The new SteemFest⁴  badge is ready</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Hey friends! I shall share with you today a topic of economics called trade cycle.\n\nWhat a trade cycle is?\nA trade cycle is an interval of alternating periods of prosperity and depression. It's the dynamic phases of market; one with economic activities at its peak and another with the bear market.\n \nThere are 4 phases of trade cycle:\n1) Boom: The period with economic activities at its peak.\n2) Recession: The period where economy start falling gradually. \n3) Depression: The period where economy is at its lowest position.\n4) Recovery: The government and changes play a role to recover the economy.  Economy starts rising at this stage.\n\nConclusion:\nEvery economy goes through these 4 phases and development and growth takes place. \n\nNote: Now is the period of depression everywhere because of trade war between America and China.",
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      "body": "![](https://cdn.steemitimages.com/DQmYuFbgUCorXFYceinS7W52SaZqnUqZY8tuU2UQZsSx3wx/image.png)\n\nIntroduction: ‘One Up on Wall Street’ is fantastic book written by Peter Lynch, the portfolio manager of Fidelity Magellan Equity Mutual Fund, and John Rothchild on investing in stock. It is based on ‘New York Stock Exchange’ and on ‘S&P 500’.  It is mainly divided in three parts namely ‘Preparing to Invest’, ‘Picking Winners’, and ‘The Long-Term View’. The summary of third part is described in this blog. This book explains how to invest wisely in the stock market to gain reasonable profit annually, which stocks to choose and which to avoid, when to buy and when to sell, importance of earnings, P/E ratio, profit margin, book value, dividends etc. in evaluating the important benchmarks.\n\nThe Long-Term View\n\n\nDesigning a Portfolio\n\nIn this section, the author shares his knowledge about designing a portfolio for investors. When you are figuring out how you’re doing in stocks, don’t forget to include all the costs of subscriptions, commissions, investment seminars, and long-distance calls to brokers. You ought to be getting 12-15 percent return, compounded over time. That’s after all costs and commissions have been subtracted, and all dividends and other bonuses have been added.\nIn author’s view it’s best to own as many stocks as there are situations in which: (a) you’ve got an edge; and (b) you’ve uncovered an exciting prospect that passes all the tests of research. Maybe that’s a single stock, or maybe it’s a dozen stocks. In small portfolios he’d be comfortable owing between 3-10 stocks.\nSpreading your money among several categories of stocks is a way to minimize downside risk. Slow growers are low-risk, low-gain. Cyclicals may be low-risk, high-gain or high-risk, low-gain, depending on how adept you are at anticipating cycles. Tenbaggers (stocks whose price goes up ten times) are likely to come from fast growers or from turnarounds—both high-risk, high-gain categories. In designing your portfolio you might throw in a couple of stalwarts just to moderate the thrills and chills of owning four fast growers and four turnarounds.\nGoing into cash would be getting out of the market. Author’s idea is to stay in the market forever, and to rotate stocks depending on the fundamental situations. Some people automatically sell the ‘winners’—stocks that go up—and hold on to their ‘losers’—stocks that go down—which is about as sensible as pulling out the flowers and watering the weeds. Others automatically sell their losers and hold on to their winners, which don’t work out much better. Rotating in and out of stocks as per the fundamentals is better.\n\nThe Best Time to Buy\nAnd Sell\n\nMuch useful information is given in this book about this chapter. In short best time to buy is during the end of the year or during the collapses, drops, burps, hiccups, and freefalls that occur in the stock market every few years when the stock prices were at bargain.\nThe stock should be sold when the fundamentals start to deteriorate. The stock should be bought when fundamentals sound strong and when the fundamentals start deteriorating replace that stock to other stock whose fundamentals are good.\n\nThe Twelve Silliest\n(And Most Dangerous)\nThings People Say About\nStock Prices\n\n(1)\tIF IT’S GONE DOWN THIS MUCH AlREADY, IT CAN’T GO MUCH LOWER\n(2)\tYOU CAN ALWAYS TELL WHEN A STOCK’S HIT BOTTOM\n(3)\tIF IT’S GONE THIS HIGH ALREADY, HOW CAN IT POSSIBLY GO HIGHER?\n(4)\tIT’S ONLY $3 A SHARE: WHAT CAN I LOSE?\n(5)\tEVENTUALLY THEY ALWAYS COME BACK\n(6)\tIT’S ALWAYS DARKEST BEFORE THE DAWN\n(7)\tWHEN IT REBOUNDS TO $10, I’LL SELL\n(8)\tWHAT ME WORRY? CONSERVATIVE STOCKS DON’T FLUCTUATE MUCH\n(9)\tIT’S TAKING TOO LONG FOR ANYTHING TO EVER HAPPEN\n(10)\tLOOK AT ALL THE MONEY I’VE LOST: I DIDN’T BUY IT!\n(11)\tI MISSED THAT ONE, I’LL CATCH THE NEXT ONE\n(12)\tTHE STOCK’S UP, SO I MUST BE RIGHT, OR…\nTHE STOCK’S GONE DOWN SO I MUST BE WRONG\n\nOptions, Futures, and\nShorts\n\nThe author has neither bought a future nor an option in his entire investing career, and he can’t imagine buying one now. Reports out of Chicago and New York, the twin capitals of futures and options, suggest that between 80 and 95 percent of amateur players lose. Options are very expensive. They may not seem expensive, until you realize that you have to buy four or five sets of them to cover stock for a year. Warren Buffet thinks that stock futures and options ought to be outlawed, and the author agrees with him.\nShorting is the same thing as borrowing something from the neighbors and then selling the item and pocketing the money. Sooner or later you go out and buy the identical item and return it to the neighbors, and nobody is the wiser. It’s not exactly stealing, but it’s not exactly neighborly, either. The difference is kept with the shorter. For instance, if you figured out that xyz stock is overpriced at $200 a share, you could have sorted 600 shares for an immediate $120,000 credit to your account. Then you could have waited for the price to drop to $20, jumped in and bought back the same 600 shares for $12,000, and gone home $108,000 richer. During all the time you borrow the shares, the rightful owner gets all the dividends and other benefits, so you’re out some money there.\nBut what if the price of xyz goes up? What if it is doubled once more to an even more ridiculous $400 a share? If you are short then, you are very nervous. The prospect of spending $240,000 to replace a $120,000 item that you’ve borrowed can be disturbing. If you don’t have the extra hundred thousand or so to put into your account to hold your position, you may be forced to liquidate at a huge loss.",
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      "body": "![](https://cdn.steemitimages.com/DQmYuFbgUCorXFYceinS7W52SaZqnUqZY8tuU2UQZsSx3wx/image.png)\n\nIntroduction: ‘One Up on Wall Street’ is fantastic book written by Peter Lynch, the portfolio manager of Fidelity Magellan Equity Mutual Fund, and John Rothchild on investing in stock. It is based on ‘New York Stock Exchange’ and on ‘S&P 500’.  It is mainly divided in three parts namely ‘Preparing to Invest’, ‘Picking Winners’, and ‘The Long-term View’. The summary of second part is described in this blog. This book explains how to invest wisely in the stock market to gain reasonable profit annually, which stocks to choose and which to avoid, when to buy and when to sell, importance of earnings, P/E ratio, profit margin, book value, dividends etc. in evaluating the important benchmarks. \n\nPicking Winners\n\nStalking the Tenbagger\n\nOne can discover tenbaggers (stocks that goes up tenfolds) in the backyard, in shopping mall or wherever someone happens to work. Generally we are busy examining and buying stocks which are totally opposite to our profession. For instance, doctors are busy buying oil company stocks and workers in oil industry are busy in buying ethical drug manufacturing company stocks. Yes, you can buy stocks in any industry. But doctors are well aware of when to sell the drug manufacturing company’s stocks. If tenbaggers are around you in your profession why to search them elsewhere; as the professionals are well aware of respective company’s popularity.\nThe employees, contractors of new plants, buyers and other related people of the successful company might have noticed its success and bought stocks in it after doing a little research on it. They have noticed the respective company’s progress far before the analysts at Wall Street. People are looking for a tenbagger while a tenbagger is itself searching them. Edge could be easily found out 4-5 times a year in our own surrounding.\n\nI’ve Got It, I’ve Got It—\nWhat Is It?\nFound a successful product, it is not a buy signal. After finding an edge proper research on the company manufacturing it should be carried out. It is referred as homework here. The research takes 2-3 hours, similar time you take to choose the product out of two substitutes to be the best to buy. The first stage of preparing the story is to classify the stock into one out of the six categories mentioned below:\n(1)THE SLOW GROWERS: Usually the large and aging companies are kept in this category. The chart of such companies looks like topographical map of Delaware without hills. It is denoted as sluggards here. Another sign of a slow grower is regular dividends. Growth rate of such companies in general is 2-4 percent. Their size is so huge that investor should be delighted on getting 20-30 percent return in two years.\n(2)THE STALWARTS: They are not exactly agile climbers but they are faster than slow growers. Depending on when you buy them and at what price, you can make a sizable profit in stalwarts. Coca-Cola, Bristol-Myers, Ralston Purina etc. are stalwarts. 10-12 percent annual growth in earnings is there. It is unusual to get a tenbagger out of stalwart. If the stock price goes up 50% in a year or two, then you should be wonder and start thinking about selling it. They offer pretty good protection during recessions and hard times.\n(3)THE FAST GROWERS: Small, aggressive new enterprises that grow at 20-25 percent annually. If choice is made wisely then this is a land to get 10 to 40 and even 200 baggers. A fast growing company doesn’t necessarily have to belong to a fast growing industry. There’s plenty of risk in fast growers, especially in the younger companies that tend to be overzealous and underfinanced.\n(4)THE CYCLICALS: A cyclical is a company whose sales and profits rise and fall in regular if not completely predictable fashion. In cyclical industry, business expands and contracts, then expands and contracts again. AMR Corporation, the parent of American Airlines, is a cyclical, and so is Ford Motor. Chart of a cyclical looks like the photograph of liars or the maps of the Alps. Coming into a vigorous economy, the cyclicals flourish. But, going into recession, the cyclicals suffer. Timing is everything in cyclicals.\n(5)TURNAROUNDS: These are not slow growers. These are potential facilities. Turnaround stocks make up lost ground very quickly. The best thing about investing in successful turnarounds is that of all categories of stocks, their ups and downs are least related to the general market. It’s not easy to compile lists of failed turnarounds except from memory, because their existence is wiped out of the S&P books, the chart books, and the stockbrokers’ records, and these companies are never heard from again. In spite of this, the occasional major success makes turnaround business very exciting, and very rewarding overall.\n(6)THE ASSET PLAYS: An asset play is a company that’s sitting on something valuable that you know about, but that the Wall Street crowd has overlooked. The asset play may be as simple as a pile of cash. Sometimes it’s real estate. There are asset plays in metals and in oil, in newspaper and in TV stations, in patented drugs and even sometimes in a company’s losses. Asset opportunities are everywhere. Sure they require a working knowledge of the company that owns the assets, but once that’s understood, all you need is patience.\n\t\nThe Perfect Stock,\nWhat a Deal!\nIn this chapter, the most important thirteen favorable attributes of the perfect company are discussed by the author. They are:\n(1) IT SOUNDS DULL―OR, EVEN BETTER, RIDICULOUS\n(2) IT DOES SOMETHING DULL\n(3) IT DOES SOMETHING DISAGREEABLE\n(4) IT IS A SNIPOFF\n(5) THE INSTITUTIONS DON’T OWN IT, ND THE ANALYSTS DON’T FOLLOW IT\n(6) THE RUMORS ABOUND: IT’S INVOLVED WITH TOXIC WASTE AND/OR THE MAFIA\n(7) THERE’S SOMETHING DEPRESSING ABOUT IT\n(8) IT IS A NO-GRPWTH INDUSTRY\n(9) IT’S GOT A NICHE\n(10) PEOPLE HAVE TO KEEP BUYING IT\n(11) IT’S A USER OF TECHNOLOGY\n(12) THE INSIDERS ARE BUYERS\n(13) THE COMPANY IS BUYING BACK SHARES\n\nStocks I’d Avoid\nThe hottest stock in the hottest industry is the one which the author instructs to be avoided at any cost. Home Shopping Network was a hot stock in the hot teleshop industry and the price of it within 16 months went from $3 to $47, and back to $3½. Another stock to be avoided is a company that’s been touted as the next something, like the next IBM. In fact, when people tout a stock as the next of something, it often marks the end of prosperity not only of imitator but also for the original to which it is being compared.\nCompanies often prefer to blow the money on foolish acquisitions. The dedicated diworseifier seeks out merchandise that is (1) overpriced, and (2) completely beyond his or her realm of understanding. These frequent episodes of acquiring and then regretting, only to divest and acquire and regret once again, could be applauded as a form of transfer payment from the shareholders of the large and cash-rich corporation to the shareholders of the smaller entity being taken over, since the large corporations so often overpay.\nOften the whisper (must be avoided) companies are on the brink of solving the latest national problem; the oil shortage, drug addiction, AIDS. The solution is either (a) very imaginative, or (b) impressively complicated. Whisper stocks have a hypnotic effect, and usually the stories have emotional appeal. They may go up before they come down, but as a long-term propositions author have lost money on every single one he have ever bought. Also beware of stocks with exiting name, like “advanced”, “leading”, or “micro” in it, because it would have guaranteed a big institutional following from the start.\n\nEarnings, Earnings,\nEarnings\n\nTo author, what makes a company valuable, and why it will be more valuable tomorrow than it is today is earnings and assets. Although it is easy to forget something, a share of stock is not a lottery ticket. It is part ownership of a business. When you buy a stock in a fast-growing company, you’re really betting on its chances to earn more money in the future. You can see the importance of earnings on any chart that has an earnings line running alongside the stock price.\nThe p/e ratio can be thought of as the number of years it will take the company to earn back the amount of your initial investment—assuming that the company’s earnings stay constant. An example is stated as; let’s say you buy 100 shares of xyz for $3500. Current earnings are $3.50 per share, so your 100 shares will earn $350 in one year, and the original investment of $3500 will be earned back in ten years.\nIf you remember nothing else about p/e ratios, remember to avoid stocks with excessively high ones. An extremely high p/e ratio is a handicap to a stock, in the same way that extra weight in the saddle is a handicap to a racehorse. A company with high p/e must have incredible earnings growth to justify the high price that’s been put on the stock. An average p/e for a utility (7-9) will be lower than the average p/e for a stalwart (10-14), and that in turn will be lower than the average p/e of a fast grower (14-20). There are five basic ways a company can increase earnings: reduce costs; raise prices; expand into new markets; sell more of its product in the old markets; or revitalize, close, or otherwise dispose of a losing operation.\n\nThe Two-Minute Drill\n\nBefore buying a stock, author likes to be able to give a two-minute monologue that covers the reasons he is interested in it, what has to happen for the company to succeed, and the pitfalls that stand in its path. Two examples are given here, one a situation that the author checked out properly, and the other where there was something he forgot to ask. The first was La Quinta, which has been a fifteenbagger, and the second was Bildner’s, a fifteenbagger in reverse.\nIt is never too late not to invest in an unproven enterprise.\n\nGetting the Facts\n\nAuthor says that a fund manager can get the facts more easily, but it became easy even for the amateur investor to get the facts now a day. These days, companies are required to tell nearly all in their prospectuses, their quarterlies, and their annual reports.\nIf you use the broker as advisor, then ask the broker to give you the two minutes speech on the recommended stocks. Many useful information can be known from a full-service brokerage firm, like recent growth in earnings, p/e ratio relative to historic levels, new franchises are making profit or not?, debt situation, insiders buying, stock price versus the earnings for the last five years, dividends, percentage of shares held by the institutions and the number of analysts following the company.\nVisiting the headquarters also helps you to get the facts. Author believes that wandering through store and tasting things is a fundamental investment strategy. After finding an edge you have to get the facts and prepare the story, but good companies can be found out by this. A basic idea of reading the reports is given here by considering the 1987 annual report of ford. Consolidated balance sheet is printed on a cheaper paper. The balance sheet lists assets and liabilities.\n\nSome Famous Numbers\n\nWhen author is interested in a company because of a particular product, the first thing he wants to know is what that product means to the company in question. What percent of sales it represent? For instance, L’eggs sent Hanes stock soaring because Hanes was a relatively small company. Pampers was more profitable than L’eggs, but it didn’t mean as much to the huge Procter and Gamble.\nA slightly complicated formula enables us to compare growth rate to earnings, while also taking the dividends into account. Find long term growth rate (say, company X’s is 10), add the dividend yield (company X pays 3 percent), and divide by the p/e ratio (company X’s is 10). (12+3)/10 is 1.5. <1 is poor, and 1.5 is okay, but what you’re looking for is 2 or better.\nHow much does the company owe, and how much does it own? Debt versus Equity. This debt-to-equity is easy to determine. A corporate balance sheet has 75% equity and 25% debt. A very strong balance sheet might have 1% debt and 99% equity. A weak balance sheet, on the other hand, might have 80% debt and 20% equity.\nStocks that pay dividends are often favored over stocks that don’t pay dividends by investors who desire extra money. There’s nothing wrong with that. But the real issue, as author see it, is how the dividend, or the lack of a dividend, affects the value of a company and the price of its stock over time. If you do plan to buy a stock for its dividend, find out (using historic records) if the company is going to be able to pay it during recessions and bad times.\nCompanies that own natural resources carry those assets on their book at a fraction of the true value. Sometimes you’ll find an oil company or a refiner that’s kept inventory in the ground for forty years, and at the original cost of acquisition. The oil alone is worth more than the current price of all the shares of stock. Investors can make fortune in such opportunities. It’s no trouble to sell oil. Nobody cares if it’s this year’s oil or last year’s oil.\nCash flow is the amount of money a company takes in as a result of doing business. For instance, a $20 stock with $2 per share in annual cash flow gives a 10 percent return on cash. Similarly, a $20 stock with $4 per share cash flow fives a 20 percent return on cash, which is terrific. Free cash flow is talked about in the above case. Free cash flow is what’s left after the normal capital spending is taken out. Its cash that you’ve taken in that you don’t have to spend.\n\nRechecking the Story\n\n Every few months it’s worthwhile to recheck the story. It may be possible that the company’s sales, profit, inventories, debts etc. increase or decrease suddenly in some few months. These changes can be known by rechecking the story every few months. Companies release their quarterlies. Apart from that the required changes to be known can also be known from following publication and journals related to business like value line. Some companies decline suddenly from top to bottom in just few months. If story is rechecked every few months these type of companies can be known and sold immediately. However, if the fundamentals sound good and there is nothing to worry about, then avoid general gossips and rumors, and patience should be kept.",
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      "title": "(1) A SHORT GLANCE ON ‘ONE UP ON WALL STREET’",
      "body": "![](https://cdn.steemitimages.com/DQmYuFbgUCorXFYceinS7W52SaZqnUqZY8tuU2UQZsSx3wx/blob)\n\nIntroduction: ‘One Up on Wall Street’ is fantastic book written by Peter Lynch, the portfolio manager of Fidelity Magellan Equity Mutual Fund, and John Rothchild on investing in stocks. It is based on ‘New York Stock Exchange’ and on ‘S&P 500’.  It is mainly divided in three parts namely ‘Preparing to Invest’, ‘Picking Winners’, and ‘The Long-term View’. In this blog summary of first part is described. This book explains how to invest wisely in the stock market to gain reasonable profit annually, which stocks to choose and which to avoid, when to buy and when to sell, importance of earnings, P/E ratio, profit margin, book value, dividends etc. in evaluating the important benchmarks. \n\nPreparing to Invest\n\nThe Making of a Stockpicker\n\n In this chapter the author highlights that picking stocks that are outperforming in one’s surrounding and routine life is the best act to get a tenbagger (stock whose price goes up tenfolds). One’s business or job is the best place to get the best stocks. As a person is well aware of the companies that outperform and supply the best products at a reasonable rate. The author also shares his experience of investing in Maine Sugar. Maine Sugar convinced Maine potato farmers to grow sugar beets in off-season. As sugar beets is the perfect companion crop to potatoes, farmers could earn extra money and revitalize the soil at the same time.\nThere was a hitch, Maine farmers are very cautious, so the first implied the strategy on a quarter of acres; and then when it went successful they implied in on half of their land, and eventually to full farmland. But by that time the refinery was shut due to lack of business and went bankrupt. By then, the author decided never to trust the Maine farmers.\n\nThe Wall Street Oxymoron\n\n Here, the writer describes about how the number of analysts following the company affects its stock price. The famous companies like Limited and Service Corporation International has grown enormously, though only a small number of analysts followed it. They were the 10 baggers. ‘Stocks you trade, it’s wives you are stuck with’, quoted Mister Johnson who changed America’s mind about investing. When the company Limited went public in 1969, it was unknown to the large institutions; a lone analyst followed it before a second, Maggie Gilliam in 1974. Employees and executives in the company were heavy owners which is a good sign. By 1983, when stock hit its intermittent high of $9(went up eighteenfold), only six analysts followed it. Same happened with Service Corporation International.\nThe author mentions that going it alone for investing is better than running mutual funds and choosing stocks for the fellow professionals. As professionals spent quarter of their working hours explaining what they are doing to their boss and the large holding customers. Amateur investors can get that time saved and can choose stocks in new companies which are good without any hitch.\n\nIs This Gambling,\nor What?\n\nIn this chapter the author talks about the difference between investing in stocks and investing in bonds. The author says that the things that separate investing from gambling is the skill, experience, patience etc. of an investor. Nowadays, the interest rate fluctuates in bonds as in stocks the prices. Intelligent and careful investing in stocks can provide you with a return far more than investing in bonds. No doubt, stocks are riskier than bonds. But normally an intelligent investor gets over 9.8 percent return in investing in common stocks while only 5 percent in corporate bonds, 4.4 percent in government bonds and 3.4 percent in treasury bills.\nFor instance if in 1927, someone had put $1000 in each of the four investments wisely, and the money has compounded tax free, then 60  years later he’d have had those amounts:\n\nTreasury bills\t$7,400\nGovernment bonds\t$13,200\nCorporate bonds\t$17,600\nCommon stocks\t2,27,000\n\n\n\nPassing the Mirror Test\n\n\nThree personal issues are addressed in this chapter. Those are (1) Do I own a house? (2) Do I need the money? and (3) Do I have the personal qualities that will bring me success in stocks?\n\n(1)\tDO I OWN A HOUSE?: In this, the author calls house as good investment in 99 out of 100 cases and also as risk free. Houses can also be brought at nearly 20% down. If the rate of house increases at 5% a year, then indirectly one will make 25% return on the down payment. Thus it is advisable to invest in a house before investing in stocks.\n(2)\tDo I NEED THE MONEY?: The money which is invested in stocks and will be in need during next few years is not to be invested. Because the stocks you select may be good but the company may suffer loss by the operations which were aimed to be worth profiting, so forceful selling at a loss is worse than not investing.\n(3)\tDo I HAVE THE PERSONAL QUALITIES THAT WILL BRING ME SUCCESS IN STOCKS?: It is the most important one. As discussed above investing in rush is harmful economically. Investing needs a lot of qualities like patience, self-reliance, common sense, ability to ignore general panic etc. It is impossible to predict the market so predicting market is not be considered as the quality to make profit from investing.\n\n\nIs This a Good Market? \nPlease Don’t Ask\n\nThe author calls predicting market as futile by giving certain facts and figures. He quotes that whenever Lynch advances market declines. He describes facts that how number of times the economists predicted the bull, but market went bear and vice versa. We always seems to be preparing defensive methods for the next recessions that are assumed to be ditto like past. Instead we shall focus on present and be ready to face the future one which will definitely not be as same as the previous one.\nMayans are used to explain the above stated idea. In Mayans mythology the universe was destroyed four times, and every time Mayans learned sad lessons. First there was a flood, and the survivors moved to higher ground into the woods. But next time the world was destroyed by fire. The survivors came down and built new houses out of stones. But this time the world was destroyed by an earthquake. Last thing the author forgot, but certainly they were going to miss it as they were always busy preparing for the past things to occur in future and not being ready to face the future once that ever happened.",
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