Tycoon Profiles

Business lessons and insights from billionaires and tycoons.

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.

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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.

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The Big Short War

I haven’t had time to follow this story due to various deadlines but will try to find some to read this Vanity Fair piece on the battle royale.

Hedge-fund titan Bill Ackman has vowed to bring down Herbalife, the 33-year-old nutritional-supplement company, which he views as a pyramid scheme. With his massive shorting of Herbalife stock, the price plummeted, prompting two fellow billionaires—Ackman’s former friend Dan Loeb and activist investor Carl Icahn—to take the opposing bet on Herbalife. As the public brawl rivets Wall Street, William D. Cohan learns why, this time, it’s personal. (source)

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