Posted September 30, 2010 at 7:45 am
Who were the wealthiest people EVER?
Our list of the twenty richest, based on scholarly estimates and adjusted for inflation, includes entrepreneurs, warriors, and robber barons. We did not include monarchs, whose vast wealth is considered public.
Bill Gates, Warren Buffett, and Carlos Slim are the only living men who crack the list — and that’s only counting their net worth at bubble peaks in 1999 and 2007.
You’ll notice much of the list come from England and America. Partly this happens because that’s where estimates were available. But it’s also true extreme private wealth occurred only several times in history, such as: The great lords of England, the Gilded Age, and today’s credit bubble.
Posted August 8, 2010 at 7:49 pm
by Barry Goss:
Ahhh, don’t cha just love good ‘ol fashioned American ambition, creativity, and possibility-thinking.
If you’re into green technology, and understand the the future of living an oil-independent life depends on the ingenuity of people like Scott Brusaw, then watch this video:
Check out their very informative website too:
Posted June 29, 2010 at 9:35 pm
by Scott Rubin:
U.S. equity markets were besieged by sellers today as concerns about the state of the global economic recovery and sovereign debt problems in Europe continue to weigh heavily on stocks. Making matters worse were bearish reports from The Conference Board on Chinese growth and U.S. consumer confidence.
According to Reuters, The Conference Board on Tuesday corrected its leading economic index for China to a 0.3 percent gain in April rather than the 1.7 percent rise the group earlier reported.
The Conference Board’s U.S. consumer confidence index fell from a revised 62.7 in May to 52.9 in June. Consensus estimates were that the index would only fall very slightly to 62.0.
The Dow Jones Industrial Average fell 268 points to close below the 10,000 level at 9,870. The Dow traded in a range between 9,812 and 10,202. Year-to-date, the widely watched blue chip stock index has lost 5.35%.
The SPDR S&P 500 ETF (NYSE: SPY) lost 3.09% to $104.21 on Tuesday. Ominously, SPY volume was very heavy, with over 360 million shares trading hands compared to a daily average of just 262 million. Once again, volume has been heavy on down days, and light on up days – not a good sign.
Gold moved marginally higher, as the fear trade was back on across Wall Street. COMEX gold futures gained $1.80 to $1,240.40 an ounce. The SPDR Gold Trust ETF (NYSE: GLD) added 0.15% to $121.27. All-time highs were breached on an intra-day basis in the GLD yesterday, before prices pulled back. Look for a re-test soon.
The rally in Treasuries continued in a major way during Tuesday’s session. The iShares Lehman 20+ Year Treasury Bond ETF (NYSE: TLT) jumped 1.09% to $101.07. Treasury notes with a 10-year maturity are now yielding an ultra-low 2.9545%.
Keep a very close eye on the bond market to gauge the near term direction for stocks, as the continued push into Treasuries is suggesting investors are frantically reducing risk exposure.
The U.S. Dollar was higher today, as money flowed into dollars and away from currencies which are perceived to entail more risk. The PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP), which tracks the performance of the dollar versus a basket of foreign currencies rose 0.48% to $25.08. The closely watched EUR/USD pair is now trading at $1.2188.
Tesla Motors (NASDAQ: TSLA) began trading on the Nasdaq exchange today after the company’s IPO raised over $220 million. Tesla is a Silicon Valley electric car maker. The shares surged an incredible 40.53% to close at $23.99. The deal had been priced at $17 which was above the expected range of $14-$16. The size of the offering was also expanded by 20% on Monday due to strong demand.
[ Source: Benzinga.com ]
Posted April 9, 2010 at 8:14 am
by Business Insider:
A few weeks ago, we highlighted many of the cool startups that have popped up in New York City in recent years.
And now we turn to Silicon Valley.
Over the past few weeks, we’ve asked VCs, angel investors, entrepreneurs, and other tech journalists about their favorite up-and-coming Valley startups. We’ve written about many of these companies before, obviously, and we’ll be writing about many of them again.
In this list, you won’t see companies that have been around for years and raised multiple rounds of capital. Instead, you’ll see the some of the next generation — startups working on ideas so exciting that VCs and angels are lining up to throw money at them.
(We would like to thank Brendan McManus of Startup Digest for contributing to this list, as well as all of the investors and entrepreneurs who provided valuable insight.)
Posted April 1, 2010 at 10:32 pm
by Silicon Valley Blogger:
How did I get started on the self-employment track? By accident. And that’s because I’m not really much of a risk taker when it comes to my career and income.
I’m much more willing to take risks with investments, yes. But with my work income? I’m a little bit more nervous about that. So when I tried my hand at an online web experiment, the last thing in my mind was that I’d turn it into a “business” or a new “career path”.
Well that’s what I did with regards to blogging. Becoming a “pro-blogger” was the last thing I’d ever thought I’d become, but not two years later, I guess I’d describe myself as one. Quitting my job and leaving my IT career for now was something I wanted to try, to see if I could sustain my household financially by blogging full time and by doing other independent projects as a freelancer.
So how’s it been so far? Pretty good. It’s done wonders for my overall health and disposition since I’m the only one around who breathes down my back to get things done . Income-wise, I can say that I am “getting there” (or getting by…).
I haven’t been in this entrepreneurial mode for too long, but I thought to let you know about some of the things that I’ve learned so far, as someone newly self-employed.
Posted March 19, 2010 at 12:05 am
It’s been a full decade since investors reached the pinnacle of the high-flying dot-com era. On March 10, 2000, the NASDAQ peaked at 5132.52, marking the height of a market colored by all the hallmarks of a bubble: crowds of bullish analysts, valuations based on speculation rather than revenues, hundreds of “virtual” company duplicates, and would-be experts trading with the irrational faith that they’d see the end coming in time to cash out.
Our retrospective package looks back at the crash that followed, taking $5 trillion out of the market over two years. Here, we revisit the wrongheaded ideas, “new economy” language, and big personalities that helped fuel the fire.
Posted March 3, 2010 at 11:12 am
by Darren Dahl:
If you have ever wondered about the differences in incorporating your small business as either a C-corporation or an S-corporation, pay attention. What follows could save you thousands, if not millions, of dollars if you ever decide to sell your business.
The basic difference between the two business entities really comes down to taxes.
C-corporations pay a corporate tax on their earnings, and their shareholders pay a personal tax on whatever dividend income they receive.
S-corporations, which are also known as flow-through entities, pay out earnings as dividends to their shareholders, who then pay a personal tax on the income they receive.
Ultimately, an S-corporation can be more attractive because you’ll most likely end up with more money after you pay taxes. Here’s how:
Posted February 24, 2010 at 9:06 am
by Robert Frank:
So much for the starving artist.
With art prices resuming their upward momentum–after a brief recessionary downdraft–it is now possible for a select group of globally hyped artists to become far richer than their collectors.
According to Artinfo’s list of the seven richest artists, the richest artist in the world is Damien Hirst (he of the diamond skull), with a fortune estimated at $388 million.
He is the only artist assigned a specific dollar amount, which originally came from estimates by the London Times.
The rest is a list of names of “seven of the art world’s wealthiest,” leaving respectable room for..
Continue To full article here…
Posted February 21, 2010 at 2:05 pm
by Fred Wilson:
I went down to Philly yesterday and spent the afternoon with students and faculty at Wharton Entrepreneurial Programs, the entity that administers the entrepreneurship major/courses at Wharton and runs a bunch of fantastic“outreach” programs like the Venture Initiation Program.
WEP is run by Professor Raffi Amit and as we were making our way from one meeting to another, I said to Raffi that “you can’t teach people to be entrepreneurs but you can teach entrepreneurs business.” He replied to me that his research into the topic suggests that “there are no unique and defining characteristics of entrepreneurs” which leads him to believe that you can in fact teach people to be entrepreneurs.
That threw me and I’ve been ruminating on his conclusion ever since. I’ve been working with entrepreneurs for almost 25 years now and it is ingrained in my mind that someone is either born an entrepreneur or is not.
Posted February 21, 2010 at 3:02 am
by Betsy Brottlund
With 85% of data breach occurring at the small business level, business owners need to secure online banking and data stringently.
Most of us are aware of the need to take sensible precautions — but how many of us regularly follow through? “I’ll renew the antivirus software later,” or “Let’s back up next week” are phrases often heard, action never taken. Which is why, according to Identity Theft Resource Center, a San Diego-based non-profit group, the business sector data breaches climbed from 21% in 2006 to 41% in 2009, resulting in the worst sector performance ever.
Each year, thieves find new ways to hack small business owners’ computers; lately, many hackers’ strategy of choice falls under the guise of banking Trojans. According to studies conducted in 2008/9 by the FBI, hackers stole close to $100 million.
It’s not just anonymous hackers on the net that are to blame, however. Each year, more and more breaches occur from inside an organization ranging from unhappy employees to human errors (i.e., misplaced laptops, equipment stolen from inside a workplace).
As a business owner, what can you do to be safe and protect your business from hackers and negligent employees? Secure your workplace by putting these 8 protocols in place for you and your employees.