So how much do you think a very expensive home cost?
If you thought it was a few tens of millions of dollars, you need to get your thoughts more modern, for the uber-rich highest priced house in the US is a whopping 165 million $.
Called the Beverly Hills, its entry into the for-sale market July 9 merited a media stir because its $165 million asking price makes it the most expensive property in America.
While the rest of American real estate is at best struggling to survive, the very top end of the market is hotter than ever, according to those in the know. There are at least half a dozen homes in America for sale at $100 million and up!
Beverly House, is the former home of publishing legend William Randolph Hearst that has been owned for the last 30 years by attorney-investor Leonard M. Ross. It's price was better than a Bozeman, Mont., ski aerie that costs $155 million...the richie rich house list goes on to include the Aspen, Colo., "ranch" of a Saudi prince ($135 million); Donald Trump's oceanfront manse in Palm Beach, Fla. ($125 million); a residence modeled after Versailles in the Holmby Hills neighborhood of Los Angeles (also $125 million); and a 210-acre Lake Tahoe, Nev., estate ($100 million).
The number of potential purchasers with such wealth isn't big, but it's big enough to be the size of a small-town phone book!
The rate at which the billionair club is swelling, that small-town book might well be a pretty large town book before long!
Read the full story from here @ Chicago Tribune, Jul 29, 2007
Thursday, August 23, 2007
Saturday, August 18, 2007
Carlos Slim Helu: Success Secrets of the Wilxy Mexican
Carlos Slim: Success Secrets of the Wilxy Mexican
Zac Bissonnette @ Blogging Stocks
Read this interesting piece about Calos Slim's "success secrets" and the traits he shares with the others in the filthy wealthy club - who else but Bill"ion" Gates and Warren Buffet.
"It's hard to spend a day in Mexico and not put money in his pocket. The 67-year-old tycoon controls more than 200 companies...in telecommunications, cigarettes, construction, mining, bicycles, soft drinks, airlines, hotels, railways, banking, and printing. In all, his companies account for more than a third of the total value of Mexico's leading stock market index, while his fortune represents 7% of the country's annual economic output.
His secret? Monopolies. He has a stranglehold on the telephone industry in Mexico, and has drawn the inevitable comparisons to the robber barons of the early industrial days of the United States...I do note an interesting similarity between Warren Buffett, Bill Gates, and Carlos Slim, the world's three richest men: Gates built his fortune by creating a product that everyone needed and has many monopolistic qualities. Buffett built his by buying brands with "strong moats" at reasonable prices. Slim has sought to eliminate competition in the industries he operates in."
So, the similarity Zac sees is that they dug a moat, dug in deep and just kept making their fortresses stronger every day...
Hmmm...
Zac Bissonnette @ Blogging Stocks
Read this interesting piece about Calos Slim's "success secrets" and the traits he shares with the others in the filthy wealthy club - who else but Bill"ion" Gates and Warren Buffet.
"It's hard to spend a day in Mexico and not put money in his pocket. The 67-year-old tycoon controls more than 200 companies...in telecommunications, cigarettes, construction, mining, bicycles, soft drinks, airlines, hotels, railways, banking, and printing. In all, his companies account for more than a third of the total value of Mexico's leading stock market index, while his fortune represents 7% of the country's annual economic output.
His secret? Monopolies. He has a stranglehold on the telephone industry in Mexico, and has drawn the inevitable comparisons to the robber barons of the early industrial days of the United States...I do note an interesting similarity between Warren Buffett, Bill Gates, and Carlos Slim, the world's three richest men: Gates built his fortune by creating a product that everyone needed and has many monopolistic qualities. Buffett built his by buying brands with "strong moats" at reasonable prices. Slim has sought to eliminate competition in the industries he operates in."
So, the similarity Zac sees is that they dug a moat, dug in deep and just kept making their fortresses stronger every day...
Hmmm...
Buffet Says Market Choas Creates Buying Opportunities
Buffet Says Market Choas Creates Buying Opportunities
Aug 2007
Warren Buffet in an interview Thursday with CNBC's Becky Quick said he is optimistic the current market downturn will probably create buying opportunities.
"You get more excited when there's a lot going on, you can't help it," said the chairman of Berkshire Hathaway. "And frankly, it will probably present more opportunity to us because when dislocations occur, things get more mispriced and that sort of thing ..."
Hmmm...one man's trouble is another man's opportunity...rather, more precisely, common peoples' troubles are uncommon peoples' opportunities...
Via: Xinhuanet
Aug 2007
Warren Buffet in an interview Thursday with CNBC's Becky Quick said he is optimistic the current market downturn will probably create buying opportunities.
"You get more excited when there's a lot going on, you can't help it," said the chairman of Berkshire Hathaway. "And frankly, it will probably present more opportunity to us because when dislocations occur, things get more mispriced and that sort of thing ..."
Hmmm...one man's trouble is another man's opportunity...rather, more precisely, common peoples' troubles are uncommon peoples' opportunities...
Via: Xinhuanet
Friday, August 17, 2007
Robotics Could be Part of Our Daily Lives - Gates
Bill Gates in his paper for The Scientific American wrote recently: “The emergence of the robotics industry is developing in much the same way that the computer business did 30 years ago. Think of the manufacturing robots currently used on automobile assembly lines as the equivalent of yesterday’s mainframes.”
In the paper, Gates envisions “...a future in which robotic devices will become a nearly ubiquitous part of our day-to-day lives. I believe that technologies such as distributed computing, voice and visual recognition, and wireless broadband connectivity will open the door to a new generation of autonomous devices that enable computers to perform tasks in the physical world on our behalf. We may be on the verge of a new era, when the PC will get up off the desktop and allow us to see, hear, touch and manipulate objects in places where we are not physically present.”
Today, robotic arms can perform surgery and robots deployed in Iraq and Afghanistan dispose of roadside bombs. Some of the world’s best minds are trying to solve the toughest problems of robotics, such as visual recognition, navigation and machine learning. So who knows what the next ten years could bring forth in robotics!
Oringial news source for the post: March of the Cyber Sapiens article, Business Standard
In the paper, Gates envisions “...a future in which robotic devices will become a nearly ubiquitous part of our day-to-day lives. I believe that technologies such as distributed computing, voice and visual recognition, and wireless broadband connectivity will open the door to a new generation of autonomous devices that enable computers to perform tasks in the physical world on our behalf. We may be on the verge of a new era, when the PC will get up off the desktop and allow us to see, hear, touch and manipulate objects in places where we are not physically present.”
Today, robotic arms can perform surgery and robots deployed in Iraq and Afghanistan dispose of roadside bombs. Some of the world’s best minds are trying to solve the toughest problems of robotics, such as visual recognition, navigation and machine learning. So who knows what the next ten years could bring forth in robotics!
Oringial news source for the post: March of the Cyber Sapiens article, Business Standard
Reducing Inequity Highest Human Achievement - Bill Gates
Growing Older: Gates’ speech a call to action
By Richard Griffin/Growing Older
Jul 25, 2007
Reducing human inequity is the highest possible achievement - That is what this technology wizard told graduating students, alumni and others sitting before him at Harvard’s recent commencement.
Gates looked back over his college career and realizes what his experience lacked. Nobody ever told him how the people of the world really live — that’s what was missing. While in school, he never knew about the huge numbers of children who die every day for lack of easily affordable help. By his own admission, it took him decades to learn these basic facts of life and death.
Gates further said he believed in making market forces work to improve the lot of those who have “no power in the market and no voice in the system.” This he calls “a more creative capitalism”...
Read the full report of his speech from here @ Georgetown Record
By Richard Griffin/Growing Older
Jul 25, 2007
Reducing human inequity is the highest possible achievement - That is what this technology wizard told graduating students, alumni and others sitting before him at Harvard’s recent commencement.
Gates looked back over his college career and realizes what his experience lacked. Nobody ever told him how the people of the world really live — that’s what was missing. While in school, he never knew about the huge numbers of children who die every day for lack of easily affordable help. By his own admission, it took him decades to learn these basic facts of life and death.
Gates further said he believed in making market forces work to improve the lot of those who have “no power in the market and no voice in the system.” This he calls “a more creative capitalism”...
Read the full report of his speech from here @ Georgetown Record
Subscribe to:
Posts (Atom)