From music to fashion to flim, TV and other businesses, Russell Simmons — who is worth more than $100 million — seemingly has the “Midas Touch”. In his new book, Super Rich: A Guide to Having it All, he wants to show you how you too can achieve super richness. Continue reading ‘Russell Simmons’ rules for getting “super rich”’
13
Dec
10
Lisa Gerrard – Sacrifice
23
Nov
10
DIVORCE AGREEMENT
THIS IS SO INCREDIBLY WELL PUT AND I CAN HARDLY BELIEVE IT’S BY A YOUNG PERSON, A STUDENT!! WHATEVER HE RUNS FOR, I’LL VOTE FOR HIM.
07
Nov
10
Chinese Professor
THE FOLLOWING IS A LETTER FROM AUSTRALIAN PRIME MINISTER. IF ANY PART OF THIS STRIKES YOU AS THE WAY AMERCA SHOULD SPEAK, PASS IT ON TO EVERYONE YOU KNOW (AND PRAY)
28
Jun
10
The One About The UN
21
Jun
10
The One About Iran
21
Jun
10
Diversification
I was talking to a friend over the weekend and he told me a story about a person he knows who made hundreds of millions of dollars of net worth in his career and then lost it all. I asked my friend how that could happen. He said “he made a lot of risky bets and none of them worked out.”
I don’t get how anyone could do that to be honest. I don’t understand how someone gives Madoff all of their money to manage for them. When someone has very little to lose, I totally get betting it all and going for it. But when you have accumulated a nest egg or more, you must be diversified in your investments and assets. You cannot put all of your eggs in one basket.
Last week on MBA Mondays, we talked about Risk and Return. I made the point that risk and return are correlated. If you want to make higher returns, you must take on higher risk. But you can mitigate that risk by diversification. And this post is about that strategy.
18
Jun
10
