unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them
“unHeritage is definitely the lighthouse for protecting your family and wealth for generations. This book is a must read for anyone interested in legacy planning.” Enzo Calamo
Center for Family Conversations
The Center for Family Conversations (CFC) is a resource center that provides the integral tools and ideas in helping families establish a 100-year-plus Family Legacy Plan.
THE TYCOON PLAYBOOK – How Business Empires Are Built
The Tycoon Playbook course was created for business families who are already running a successful business and wish to ramp up their growth while preserving wealth for future generations. Specifically, the Playbook teaches high performance business owners the two most highly rewarded skills in business, namely deal-making and how to acquire cash flow producing business assets.
CNN Financial News
Three thousand delegates have gathered in Beijing to kick off China's annual rubber-stamp parli [...]
If you see a private plane in the sky, there's a pretty good chance it's coming from -- or [...]
HBO without the rest of cable's trappings. We knew it was coming, we just didn't know when [...]
Living near a Starbucks has its benefits for homeowners, whether you're a coffee drinker or not [...]
While the television industry is wondering whether Brian Williams will ever return to "NBC Nigh [...]
David Geffen's name is a staple on Hollywood credits lists. Now it will also be attached to one [...]
An openly disappointed chairman of the Broadcasting Board of Governors confirmed on Wednesday that A [...]
More Americans are saving money for college using 529 accounts. [...]
CNN Small Business News
Startup HEAL promises a doctor at your doorstep in under 60 minutes, for a flat fee of just $99. [...]
Some Americans are ditching their boring day jobs to start their own craft breweries. It's not [...]
Self-described 'Last of the Mohicans' is still fixing typewriters after 55 years. [...]
FameBit is helping brands place their products in YouTube videos. [...]
Melissa Cookston is a BBQ Pit Master Champion who runs three restaurants. Here's how she did it [...]
Blackbox, a two-week Palo Alto accelerator, gives foreign entrepreneurs a soft landing to enter the [...]
Silicon Valley entrepreneur Tristan Walker is in pursuit of a more colorful tech scene. [...]
CNN Money News
More than 12 million Americans have a 529 savings plan, a jump of more than 4% in the past year. [...]
Find yourself suddenly holding one big lump sum of cash? Here's what you need to know to make s [...]
CNNMoney's exclusive investigation looks at the debt collectors hired by government agencies to [...]
Justin Brosseau started investing when at age 15. Friends laughed. Boy has that changed. [...]
A handful of former students, banded together as the "Corinthian 15," are claiming to be [...]
African-American actor Hill Harper is telling kids if you want to get rich, start saving now and aim [...]
Donald Sterling sues the NBA for damages and demands to be reinstated as owner. [...]
Authorities are looking into the potenial insider trading. [...]
Now European citizens can request to have search results removed. [...]
Facebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from pr [...]
In light of Ballmer placing the highest bid on an NBA team in history on Thursday, here are some of [...]
From the obvious upgrades to the bold and daring. [...]
Scoops on movers and shakers, from Marissa Mayer to Mark Zuckerberg to Rupert Murdoch, are the most [...]
Mozilla updates Firefox, but is it enough to bring old users back? [...]
Revised offer worth around $53 billion comes days after drugmaker's last bid. [...]
Automatically enrolling workers into a savings plan and reminding them how much they can lose may ju [...]
Hanging backstage with the videogame arts and culture impresario ahead of his annual two5six confere [...]
Reuters Business News
BEIJING (Reuters) - China on Thursday announced an economic growth target for this year of around 7 [...]
TOKYO (Reuters) - Asian stocks slipped on Thursday after Wall Street continued to pull back from rec [...]
BARCELONA/BRUSSELS (Reuters) - Germany and the European Commission slapped down talk of a third fina [...]
NEW YORK (Reuters) - U.S. private employers added fewer jobs than expected last month, with the gain [...]
NEW YORK (Reuters) - U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC mem [...]
BEIJING (Reuters) - China aims to grow its economy by around 7 percent in 2015 and to keep consumer [...]
(Reuters) - UBS Group AG has hired a team of three executives for its U.S. consumer and retail inves [...]
Reuters Economy News
CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remain [...]
WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over [...]
NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume [...]
NEW YORK (Reuters) - U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major [...]
NEW YORK (Reuters) - Crude futures closed up slightly Tuesday, getting some relief from a weak dolla [...]
Reuters Business Video
Stocks continued to fall back from record levels hit earlier in the week. Healthcare stocks were a b [...]
McDonald's U.S. restaurants will gradually stop buying chicken raised with antibiotics vital to [...]
Buffett helps Burger King bite off U.S. tax Warren Buffett’s company Berkshire Hathaway is helping fund Burger King’s corporate move to Canada. Does it mesh with his previous comments on taxes?
The Giving Pledge – WARREN BUFFETT “Were we to use more than 1% of my claim checks (Berkshire Hathaway stock certificates) on ourselves, neither our happiness nor our well-being would be enhanced. In contrast, that remaining 99% can have a huge effect on the health and welfare of others.”
Chuck Feeney: Recipient Of The Forbes 400 Lifetime Achievement Award For Philanthropy Warren Buffett commends the founder of Atlantic Philanthropies, an organization that has pledged more than $6.5 billion in grants to promote education, health, peace and human dignity throughout the world.
Bob Browne: A Lesson in Tax-Deferred Investing from Warren Buffett As investors look to build wealth, they can learn both tax strategy and investment strategy lessons from Warren Buffett’s recent sale of Graham Holdings Company.
Buffett on technology replacing jobs Warren Buffett explains why he thinks it’s progress to have technology replacing human jobs, but acknowledges that people who are left behind need support.
Warren Buffett on Giving Away His Money and the Gates Foundation The Giving Pledge is a campaign to encourage the wealthiest people in the world to make a commitment to give most of their wealth to philanthropic causes. The campaign specifically focuses on billionaires and was made public in 2010 by Warren Buffett and Bill Gates. The Huffington Post reported in April 2012 that “81 billionaires committed to giving at least half of their fortunes to charity”. As of April 2013, 105 billionaires have signed the pledge. The following are signatories to the Giving Pledge as of April 2013: Bill Ackman and wife Karen Paul Allen John D. Arnold and wife Laura Manoj Bhargava Steve Bing Nicolas Berggruen Sara Blakely Arthur Blank Michael Bloomberg Richard Branson and wife Joan Eli Broad and wife Edythe Charles Bronfman Edgar M. Bronfman Warren Buffett Steve Case and wife Jean John Caudwell Leon G. Cooperman and wife Toby Joe Craft Joyce and Bill Cummings Ray Dalio and wife Barbara John Paul DeJoria John Doerr and wife Ann Doerr Barry Diller and Diane von Furstenberg Glenn Dubin and wife Eva Larry Ellison Chuck Feeney Andrew Forrest and wife Nicola Ted Forstmann Phillip Frost and wife Patricia Bill and Melinda Gates Dan Gilbert and wife Jennifer David Green and wife Barbara Jeff Greene and wife Mei Sze Harold Hamm and wife Sue Ann Reed Hastings and wife Patty Quillin Lyda Hill Barron Hilton Chris Hohn Jon Huntsman, Sr. and wife Karen Mo Ibrahim Carl Icahn Irwin M. Jacobs and wife Joan George Kaiser Vinod Khosla and wife Neeru Sidney Kimmel Richard Kinder and wife Nancy Kenneth Langone and wife Elaine H.F. Lenfest and wife Marguerite Peter B. Lewis Lorry I. Lokey George Lucas Duncan MacMillan and wife Nancy Alfred E. Mann Joe Mansueto and wife Rika Bernie Marcus and wife Billi Red McCombs and wife Charline Michael Milken and wife Lori George P. Mitchell Tom Monaghan Gordon Moore and wife Betty John Morgridge and wife Tashia Dustin Moskovitz and Cari Tuna Patrice Motsepe and wife Precious Elon Musk Jonathan M. Nelson Pierre Omidyar and wife Pam Bernard Osher and wife Barbro Ronald Perelman Jorge M. Perez and wife Darlene Peter George Peterson T. Boone Pickens Victor Pinchuk Hasso Plattner Vladimir Potanin Azim Premji Julian Robertson David Rockefeller Edward W. and Deedie Potter Rose David M. Rubenstein David Sainsbury John Sall and wife Ginger Henry Samueli and wife Susan Herb and Marion Sandler Vicki and Roger Sant Denny Sanford Lynn Schusterman Walter Scott, Jr. Thomas Secunda and wife Cindy Harold Simmons and wife Annette Jim and Marilyn Simons Jeff Skoll John A. Sobrato, wife Susan and son John Michael Sobrato Patrick Soon-Shiong and wife Michele B. Chan Ted and Vada Stanley Tom Steyer and wife Kat Taylor James E. Stowers and wife Virginia Vincent Tan Claire and Leonard Tow Ted Turner Albert Lee Ueltschi Dr. Romesh Wadhwani and wife Kathleen Sanford Weill and wife Joan Shelby White, widow of non-signatory Leon Levy Charles Zegar and […]
Warren Buffett & Bill Gates on Measuring Performance, Wealth, Billionaires, Financial Crisis Performance measurement is the process of collecting, analyzing and/or reporting information regarding the performance of an individual, group, organization, system or component. It can involve studying processes/strategies within organizations, or studying engineering processes/parameters/phenomena, to see whether output are in line with what was intended or should have been achieved. Performance measurement has been defined by Neely as “the process of quantifying the efficiency and effectiveness of past actions”, while Moullin defines it as “the process of evaluating how well organisations are managed and the value they deliver for customers and other stakeholders”. Discussion on the relative merits of these definitions appeared in several articles in the newsletter of the Performance Management Association. Wikipedia – Performance Measurement The wealth effect is an economic term, referring to an increase (decrease) in spending that accompanies an increase (decrease) in perceived wealth. The effect would cause changes in the amounts and distribution of consumer consumption caused by changes in consumer wealth. People should spend more when one of two things is true: when people actually are richer, objectively, or when people perceive themselves to be richer—for example, the assessed value of their home increases, or a stock they own goes up in price. Demand for some goods (especially Inferior goods) typically decreases with increasing wealth. For example, consider consumption of cheap fast food versus steak. As someone becomes wealthier, their demand for cheap fast food is likely to decrease, and their demand for more expensive steak may increase. Consumption may be tied to relative wealth. Particularly when supply is highly inelastic – or in the case of monopoly – one’s ability to purchase a good may be highly related to one’s relative wealth in the economy. Consider for example the cost of real estate in a city with high average wealth (for example New York or London), in comparison to a city with a low average wealth. Supply is fairly inelastic, so if a helicopter drop (or gold rush) were to suddenly create large amounts of wealth in the low wealth city, those who did not receive this new wealth would rapidly find themselves crowded out of such markets, and materially worse off in terms of their ability to consume/purchase real estate (despite having participated in a weak Pareto improvement). In such situations, one cannot dismiss the relative effect of wealth on demand and supply, and cannot assume that these are static. (see also General equilibrium). However, according to David Backus, an NYU economist, the wealth effect is not observable in economic data, at least in regards to increases or decreases in home or stock equity. For example, while the stock market boom in the late 1990s (q.v. dot-com bubble) increased the wealth of Americans, it did not produce a significant change in consumption, and after the crash, consumption did not decrease. Economist Dean Baker disagrees and says that “housing wealth effect” is […]
Buffett Grandson: Our Plans to Change the World Sept. 17, 2013 (Bloomberg) — Howard W. Buffett, executive director of the Howard G. Buffett Foundation, talks about his public management class at Columbia University and new book “40 Chances: Finding Hope in a Hungry World.” Buffett is the son of Berkshire Hathaway Inc. Director Howard Buffett and grandson of Chairman Warren Buffett. He speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)
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Reuters Wealth News
(Reuters) - Etsy Inc, which operates a website that sells handmade goods and craft supplies, filed w [...]
ANKARA/ISTANBUL/NEW YORK (Reuters) - Turkey's prime minister and his economic team sought on We [...]
(Reuters) - Warren Buffett telling the rest of us about the advantages of conglomerates is like Will [...]
BOSTON (Reuters) - Long-time Viking Global Investors executive Tom Purcell is leaving the $32 billio [...]
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MarketWatch Personal Finance
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Some “cracks” are starting to appear in the bullish case. [...]
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With college costs as high as they are, don’t miss out on any of the valuable tax breaks that you ma [...]
While the soaring costs of college can be overwhelming, a bit of careful planning can help you leap [...]
Not surprisingly, four of them have worked at Facebook. [...]
Activist fathers and others petition Amazon for inclusion and recognition. [...]