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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them

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“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

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Center for Family Conversations

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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.

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THE TYCOON PLAYBOOK – How Business Empires Are Built

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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.

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CNN Financial News

The very big risks of the Greek debt crisisGreece is spiraling ever deeper into a financial and political crisis that could end with it becomin [...]

Hyundai named official NFL auto sponsor in four-year dealHyundai and the National Football League announced on Monday that the Korean-based automaker would b [...]

Dow sheds 200 points on Greek default fearsGreece only makes up 0.3% of the global economy, but it's causing a global stock market sell-of [...]

Which countries are most exposed to Greece?Read full story for latest details. [...]

Greek crisis a summer tourism killerRead full story for latest details. [...]

Western Union shuts doors in GreeceRead full story for latest details. [...]

Global markets spooked by looming 'leap second'Read full story for latest details. [...]

 

CNN Small Business News

Richard Branson picks startup winnersRichard Branson picked these three businesses as his favorite in the final of the "Pitch to Ric [...]

A few businesses are actually growing in recession-ravaged GreeceYears of economic crisis have forced Greeks to become more thrifty, giving a boost to repair shops a [...]

NFL Hall of Famer Fran Tarkenton is recruiting entrepreneursNFL Hall of Famer and serial entrepreneur Fran Tarkenton launches a business program to help underse [...]

Upstart 30: The IdealistsEducation, homelessness, American manufacturing -- these entrepreneurs are using tech to make a diff [...]

Business tycoons: My 'aha' momentRichard Branson, Angie Hicks and other entrepreneurs share a moment that inspired their success. [...]

Jessica Alba and the road to a $1B companyIt took a long time for people to take Jessica Alba seriously. Now, her firm The Honest Company is w [...]

Sales spike for Confederate-themed flags and pinsRead full story for latest details. [...]

 

CNN Money News

Same-sex marriage is legal. Here's what it means for couplesRead full story for latest details. [...]

Summer camps to parents: Your kids are safe from prison escapeesAs sleep away camps in upstate New York prepare for kids to arrive this weekend, they're also w [...]

Vacation experiences of a lifetimeFrom spending months at sea cruising across the world to stepping right up to sea lions in their nat [...]

She lost her wife to cancer and $1,224 a month to Social SecurityRead full story for latest details. [...]

Gen-Xers don't want to be homeownersMillennials aren't the only ones hurting America's homeownership rate. [...]

Should you let advisers handle your life savings?To help you settle on an adviser who's trustworthy, competent and a good fit for you, here are [...]

World's Top Employers for New GradsFor an exclusive CNNMoney list, research firm Universum Global surveyed college students around the [...]

 

Fortune Magazine

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Reuters Business News

LONDON (Reuters) - Greece is almost certain to miss a 1.6 billion euro payment to the International [...]

(Reuters) - Most U.S. stocks fell on Monday after Greek bailout talks collapsed, intensifying fears [...]

ATHENS (Reuters) - Stunned Greeks faced shuttered banks, long supermarkets lines and overwhelming un [...]

FRANKFURT (Reuters) - German prosecutors have launched preliminary inquiries into the roles individu [...]

WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes rose to their highest level in j [...]

FRANKFURT (Reuters) - (This version of the story was refiled to correct spelling of Dolomiti in para [...]

TORONTO (Reuters) - General Electric on Monday said it agreed to sell its fleet management arm in th [...]

 

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 [...]

NEW YORK (Reuters) - The U.S. dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday afte [...]

BUENOS AIRES (Reuters) - Crunch time for Argentina fixing its debt default will almost certainly not [...]

 
 

Post Tagged with: "Berkshire Hathaway"

 
  • Buffett boosts Berkshire Hathaway’s IBM stake by $400 million

    Buffett boosts Berkshire Hathaway’s IBM stake by $400 million

    In the first quarter, Berkshire Hathaway added nearly 2.6 million shares of the computer giant.

     
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  • Warren Buffett & Bill Gates on Measuring Performance – Lugen Family Office

    Warren Buffett & Bill Gates on Measuring Performance – Lugen Family Office

    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[1] as “the process of quantifying the efficiency and effectiveness of past actions”, while Moullin[2] 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.[3]   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.[2] 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.[2]   Economist Dean Baker disagrees and says that “housing wealth effect” is […]

     
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  • Buffett Grandson: Our Plans to Change the World

    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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  • Three Generations of Buffett: We’re the Lucky Ones

    Three Generations of Buffett: We’re the Lucky Ones   Oct. 23, 2013 (Bloomberg) — Together on set for a Bloomberg First, CEO of Berkshire Hathaway Warren Buffett, his son Howard Buffett and grandson Howard W. Buffett join Bloomberg’s Betty Liu to discuss philanthropy, their plans for Berkshire Hathaway, and their new book “40 Chances.” They speak on Bloomberg Television’s “In The Loop.”  

     
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  • How to Stay Out of Debt: Warren Buffett – Financial Future of American Youth (1999)

    How to Stay Out of Debt: Warren Buffett – Financial Future of American Youth (1999) Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. In 1998, in an unusual move, he acquired General Re (Gen Re) for stock. In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providing reinsurance. On March 15, 2005, AIG’s board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, former attorney general of the state of New York. On February 9, 2006, AIG and the New York State Attorney General’s office agreed to a settlement in which AIG would pay a fine of $1.6 billion. In 2010, the federal government settled with Berkshire Hathaway for $92 million in return for the firm avoiding prosecution in an AIG fraud scheme, and undergoing ‘corporate governance concessions’. In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation.[37] In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business.[38] Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett. Buffett ran into criticism[39] during the subprime crisis of 2007–2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. “Buy American. I am.” he wrote for an opinion piece published in the New York Times in 2008.[40] Buffett has called the 2007–present downturn in the financial sector “poetic justice”.[41] Buffett’s Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.[42] Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs.[43] Some of Buffett’s Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses.[44] The scale of the potential loss prompted the SEC to demand that Berkshire produce, “a more robust disclosure” of factors used to value the contracts.[44] Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.[45] In 2008, Buffett became the richest man in the world, with a total net worth estimated at $62 billion[46] by Forbes and at $58 billion[47] by Yahoo, dethroning Bill Gates, […]

     
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  • Berkshire Hathaway, 3G Capital to buy Heinz for $23bln

    Berkshire Hathaway, 3G Capital to buy Heinz for $23bln Feb 14, 2013 – Warren Buffett‘s Berkshire Hathaway and 3G Capital will buy H.J. Heinz for $72.50 a share, or $23.2 billion in cash but totaling $28 billion including debt.  

     
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  • Warren Buffet’s Thoughts on Wall Street Compensation and Value to Society

    Warren Buffet‘s Thoughts on Wall Street Compensation and Value to Society Warren Buffet’s thoughts on Wall Street compensation and value to society. The Charlie Rose Show. November 26, 2012.  

     
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  • Charlie Rose – Carol Loomis on Warren Buffett (11/26/12)

    Charlie Rose – Carol Loomis on Warren Buffett (11/26/12)  

     
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  • You’d Love a Private Jet, But Should You Own One?

     
  • 5 Reasons Why Most Don’t Become Wealthy

     
  • Warren Buffett wants his MTV

     
  • Why Buffett is giving away his money

     
  • Warren Buffett – Absurd CEO Salaries

     
  • Bill Gates talking about Warren Buffett

     
  • Warren Buffett – How Should a CEO Be Compensated?

     
  • Warren Buffett’s 10 Ways to Get Rich

     
  • Recommended Reading: Life Is What You Make It: Find Your Own Path to Fulfillment By Peter Buffett

     
 
 
 

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Reuters Wealth News

NEW YORK (Reuters) - Contrarian investor Wilbur Ross was sanguine about the situation in Greece, whe [...]

BOSTON(Reuters) - The alternative investment industry, which includes hedge funds, private equity an [...]

CHICAGO (Reuters) - The managers of some of America's biggest bond funds are trying to protect [...]

CHICAGO (Reuters) - Friday’s U.S. Supreme Court ruling on same-sex marriage will give a huge boost t [...]

NEW YORK (Reuters) - Getting married is both an emotional decision and an economic one, something th [...]

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MarketWatch Personal Finance

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The Supreme Court ruled that same-sex couples have the right to marry nationwide. [...]

Veteran investor Jim Rogers talks with Michael Sincere about gold, bonds, Greece, Japan, and China. [...]

 
 
 
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