Peter
Warren Buffett Wins Again: Train Traffic Is Going Through The Roof
It feels like an anachronism in this age of Internet to see a tycoon make a huge investment in an old school industry such as railroads. Even more so when it pays off in spades. However, that’s precisely what Warren Buffett did about three years ago. Now he is being rewarded.
Billionaire William Koch Wins Lawsuit Over Bad Wine
You can’t make this stuff up. Internet tycoon Eric Greenberg sold $300K worth of fake vintage wine to Koch brother William who then sued and was awarded $380k. On top of that Koch was awarded another $12 million in punitive damages.
Robert Frank used to be the wealth reporter for the WSJ before jumping ship to CNBC. Five or six years ago he published a book on the newly rich in America called Richistan which is a fun read. Its chapters consist of profiles of a few fresh tycoons, c. 2006, as well as a look at the pros and cons of being rich.
Today Frank wrote a brief piece titled “Are Billionaires Just Smarter Than Everyone Else?” for CNBC.
Carlos Slim: The Richest Man in the World/The Authorized Biography [Hardcover] by Jose’ Martinez
Well, it looks like the long-awaited Carlos Slim biography has been pushed back yet again. Now it’s scheduled for May. It was supposed to come out in early April. Before that it was supposed to come out in March, before that in February, and before that in January.
“A rising tide lifts all boats.”
For anyone stuck on what industry to go with, here’s a list of fast growth ones.
Fastest-Growth Industries for U.S. Small Businesses in 2012
- Residential building construction: 14.77 percent
- Building custom software and servers for businesses: 14.29 percent
- Machinery, equipment, and supplies merchant wholesalers: 13.75 percent
- Management, scientific, and technical consulting services: 12.31 percent
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