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Forbes’ 10 Biggest Losers: 4 Wealth Protection Lessons From Bankrupt Billionaires
Last week, Forbes magazine released its annual list of billionaires. No surprise, the rolls shrank.
“[In 2007], there were 1,125 billionaires. This year, it’s down to 793,” says CEO Steve Forbes.
An NPR broadcast tried to put an optimistic spin on the news suggesting, “All those empty spots… mean more room for the rest of us to move up.” In good fun, it even provided five secrets to do so, based upon the business activities that propelled 38 new billionaires into this year’s rankings.
But in all fairness, I don’t think a single one of us stands a chance of becoming a billionaire in the…
18Mar2009 | Investment U | 0 comments | ContinuedThe T. Boone Pickens Way: How To Supercharge Your Portfolio
While many billionaires are enjoying retirement on a super-sized yacht in the Caribbean, T. Boone Pickens is doubling down at the age of 80. Over the last three decades, investors who have followed his lead have made millions.
Pickens doesn’t work because he wants to move up the Forbes’ list of billionaires. Since last year, he’s given away over $200 million to his favorite charities. Instead, Pickens is a man on a mission and with a simple message: Ditch foreign oil and rebuild America’s domestic energy industry for a green and happy future.
Educated as a geologist, in 1951 T. Boone Pickens…
14Aug2008 | Investment U | Comments Off | ContinuedGlobal Coal: A New Profit Source
It was about ten years ago when I first realized this world’s addiction to coal and its huge impact. It came at a rather weird time. I was rafting down a rural river (the same one Deliverance was filmed on), hanging onto any piece of the boat I could sink my nails into.
Fortunately, the only things squealing like a pig that day were the air brakes on the countless trains that were a constant attraction beside the river. Every half hour or so, a new train, loaded with thousands of tons of freshly mined coal passed by. The amount…
19Feb2008 | Guest Contributor | 3 comments | Continued
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