Carlos Slim Phone Monopoly Overcharges Mexicans Billions
Posted by Gerry in Billionaire Bad Boys on Feb 1st, 2012 | 0 comments
From CNET
Telephone service in Mexico is run by a monopoly that is overcharging customers billions of dollars, according to a new report by the Organization for Co-operation and Development (OECD).
“The lack of telecommunication competition in Mexico has led to inefficient telecommunications markets that impose significant costs on the Mexican economy and burden the welfare of its population,” say the report’s authors.
Click here to read more about Carlos Slim phone monopoly
Carlos Slim Tops Forbes-like List Presents Dirtiest Billionaires
Branson Challenged. Why Not Sell Heroin in Super Markets?
Posted by Gerry in Billionaire Updates on Feb 1st, 2012 | 0 comments
Richard Branson Urges MPs to Decriminalize Drugs
The Virgin boss told MPs the UK should follow the model of Switzerland or Portugal, where more lenient laws on drugs have “cut heroin use, HIV infection and violence”.
Giving evidence to the Home Affairs Committee, Sir Richard said current policies are not working and drugs should be regulated, rather than criminalised.
Peter Hitchens, writing in the Daily Mail, was unimpressed with Sir Richard’s logic, or for that matter, with Sir Richard period.
He wrote
Sir Richard Branson says he doesn’t want to see drugs sold in supermarkets. Why not? That is the logic of his opinions, and I can’t see why he won’t just say so. Is he afraid it will damage his funky brand?
If you don’t believe these substances are immoral, disgusting and dangerous then why not just let rip?
But ‘Sir’ Richard doesn’t seem to disapprove. He freely confesses to having taken several of them, though curiously he only ‘suspects’ he has sampled cocaine.
I have no respect at all for this absurd, overrated person, who in my opinion knows almost nothing about anything, except perhaps getting people to part with their money. Even then the record is patchy.
Click here to Read Peter Hitchens full trashing of Richard Branson here.
Usain Bolt With Golden Goatee Impersonates Richard Branson
Job vs. Gates Ancient History . Now It’s Zuckerberg vs. Page
Posted by Gerry in Billionaire News on Feb 1st, 2012 | 0 comments
Not that Zuckerberg and Facebook needed the big cash infusion from the IPO to compete with Google, Facebook’s been trying to eat Google’s lunch for a few years. Now with its war chest enhanced by several billion dollars of stock holders’ money the skirmishes between the two internet giants will seem like little shoving matches, compared to what we’re going to see. Photo Source CNET
zuckerberg vs page it's on!
CNET offers a summary of the little battles betore the big wars.
- Google launches Google+.
- Google then integrates Google+ with its search
- Facebook is teamed with Bing
- Both companies have mobile ambitions.
- Google is search. Facebook is social graphs
- Does anyone doubt that Google and Facebook will be in court at some point?
Read more about Zuckerberg vs. Page, Facebook vs. Google
Zuckerberg and Page, same side on SOPA
T. Boone Pickens And Cowboy Athletics Sue Over “Charitable” Life …
Posted by Gerry in Billionaire News on Feb 1st, 2012 | 0 comments
t. boone pickens – Blog
via T. Boone Pickens And Cowboy Athletics Sue Over "Charitable" Life ….
Says Buffett “The Tortoise, Not The Hair”
Posted by Gerry in Billionaire Updates on Jan 31st, 2012 | 0 comments
Comparing Warren Buffett to “The tortoise, not the hair”, Greg Cavana in Money Morning Australia was citing The Oracle of Omaha’s increased investment in Britain’s largest supermarket chain, Tesco.
On January 19, The Guardian reported that
Buffett’s Berkshire Hathaway investment firm increased its stake in the world’s third biggest retailer from 3.21% to 5.08%, a regulatory filing showed on Thursday . Dated 13 January, the filing came a day after Tesco warned that trading profit for 2012/13 would be flat as the firm stepped up investment in its home market following its worst underlying Christmas sales performance for decades.
On January 18,Tesco’s stock closed at 14.02. As recently as Oct 27, 2011, the stock reached a high of 17.54.
Cavana describes Buffett as “the ultimate tortoise”, he wrote
This approach is what sets Warren Buffett apart from 99.9 per cent of investors. After investing in a company for 5 years, with the stock price going nowhere, most investors would ‘throw in the towel’ and sell after a profit downgrade and 16 per cent price plunge.
It’s the emotion of it all. We’re fixated on price. If the price is not doing what we want (moving steadily higher) we get restless. Sharp price movements invite an emotional response.
This is Warren Buffett’s strength. He avoids the emotional response because he focuses on the business not the stock price. Business value (and therefore share price value) is hard to grasp. It’s subjective. And you have to believe that in the long run value will always rise to the top. You just don’t know how long the long run really is.
