Wednesday, May 27, 2015

Trust, Verify and Diversify


One way to avoid losing money is to diversify, and not just in the type of stocks you own. I am invested in the stock market, real estate, and many different businesses. Even within my different investments, I maintain diversity. Whether you choose to invest in yourself through your business or in the market through an advisor, be sure to trust but verify. You should be able to have complete confidence in either your advisor’s expertise or in your own knowledge about the workings of your business. After all, the only way to combat uncertainty in your investments is to have a good understanding of your markets and spread out your assets. All routes of investment have great potential for success, but no one investment is worth the risk of losing everything, however lucrative it may seem. I detail more pertinent business tactics in my award winning and best-selling book, "Sell Your Business For More Than It's Worth." [more...]

Tuesday, May 19, 2015

Our "Flash Crash" Economy


On May 6, 2010, the New York Stock Exchange suffered what came to be called the "Flash Crash," when the Dow Jones Industrial Average plummeted unexpectedly by nearly 1,000 points in only minutes. A single Sell order valued at approximately $4.1 billion purportedly set off a cascade of computerized buy-and-sell programs around the world that are designed to respond immediately, and without consulting human beings, to key changes in market prices. As each major trading computer reacted, it could have triggered programmed reactions in similar computers. Some want to believe that enough circuit breakers have been added to stock trading to prevent an economy-shattering crash like the one that cost traders more than a trillion dollars in only a few minutes five years ago. But a violent sell-off in stocks on February 29, 2012 was in its own way even more frightening – because evidence suggests that it was driven by a powerful intelligence that was not human. [more...]

Friday, May 15, 2015

The April Jobs Report is a Bernie Madoff-Like Scam


What Obama is doing to the economy, jobs, free markets, capitalism, and the greatest middle class in world history is a crime so vile it makes Bernie Madoff look like a small-time, amateur pickpocket.

The economy is a disastrous mess. But you wouldn't know it from the headlines released by the mainstream media. For instance, take the jobs report that came out on Friday. This could be the biggest case of fraud and misrepresentation since Obamacare. Let's pick Friday's jobs report apart, piece by piece. [more...]