Below is an exerpt from my book “Billionaire in Training.” This is a sample of the teachings that I gave at Prairie Meadows on Wednesday, October 24.
So often I meet people who think they’re in business for themselves, and yet by my definition, they’re not. Let me explain. read more
Information: At this first stage being information the entrepreneur needs education in his choice area or interest. “Education” is a broad term that can have many meanings, but it is generally defined as the process of learning and acquiring information.
Entrepreneurship is a system of being self-employ with no breakdown as being condition with the problem, situation or challenges of unemployment in a given system. An entrepreneur is an agent of change.
There’s one type of lucre-laden sin that Michael Douglas made famous in the movie “Wall Street” through an infamous quote: “Greed is good.” But you don’t have to be greedy – and, in fact, you can be a conventional investor with modest goals – to get involved in sinful business of another sort.
Home might be where your heart is, but it isn’t necessarily where your wealth grows.
With American homeownership in a steady decline, according to the U.S. Census Bureau, many households are not living in the passive asset that is a house.
Homeownership is a long-term play, and for most families, true wealth only materializes when the mortgage is nearly paid off. Renters have an array of alternative strategies for building wealth, but doing so requires an extra dose of self-discipline to save money in the absence of a mortgage that converts an essential cost of living to an asset.
At least one ugly duckling on Wall Street didn’t grow up into a swan so much as an 800-pound gorilla. Google (ticker: GOOG GOOGL) made many analysts scratch their heads back in the day.
A search engine? What does that produce? Isn’t Yahoo! (YHOO) already doing that? Maybe Larry Page and Sergey Brin could Google “how to make money with a search engine” – at least that would be a start.
“In retrospect, Google was the ultimate ugly duck in that it was a nontraditional kind of business,” says Yale Bock, president of Y H & C Investments in Las Vegas and a portfolio manager on Covestor. “You might even include any Internet business in that category.”
If you’ve been avoiding opening your latest 401(k) statement, it’s time to pay attention. History says the U.S. stock market is set to break out of the starting gate for its best six months of the year.
Just like summer changes to autumn and then to winter, the stock market has its own seasons, too. From November through April each year, the U.S. stock market has consistently produced outsized returns over the period from May to October.
When your day job involves traversing the globe from city to city, it’s not surprising that geo-tagging selfies for Facebook FB -0.95% gets old fast. But for Robert Gardiner and the globe-trotting analysts of $2.6 billion small- and microcap asset manager Grandeur Peak Global Advisors, updating and sharing their 6,175-row spreadsheet of international companies never gets old.
As he scrolls through thousands of entries projected on the wall of his Salt Lake City office, each one dedicated to a different obscure public company–from a bank in Bangalore to an energy firm in Calgary–Gardiner is beaming. “Nobody else is doing this much traveling,” he boasts.