This document outlines a 4-step process for saving money fast without a budget. The steps are to 1) automate savings by taking money directly from paychecks, 2) wait before making impulse purchases over $50 to avoid unnecessary spending, 3) regulate spending with cash-only or list-making approaches for necessities, and 4) meditate to improve mental health and decision making which can lead to less materialism and overspending.
This document outlines 8 steps to calculate a retirement number:
1) Determine current annual spending
2) Subtract rent/mortgage if paid off in retirement
3) Subtract life/disability insurance if not needed in retirement
4) Reduce food budget based on age
5) Reduce transportation budget based on age
6) Increase healthcare spending based on age
7) Subtract estimated social security benefits
8) Multiply final annual spending by 25 to get retirement number
How to Early Retirees can Avoid Early Withdrawal PenaltiesBrian Stoffel
Early retirement sounds great, but many worry about the penalties they will incur for taking money out of IRAs and 401(k)s before retirement age. Using this strategy, you can avoid that problem.
The document discusses how intentional activities account for 40% of happiness according to research, more than life circumstances which only account for 10%. It defines intentional activities as practicing gratitude, building relationships, coping strategies, living in the present, and committing to goals. Examples are given showing retirees with high levels of happiness due to having time to engage in these activities. A lifestyle expert also argues that humans only need basic necessities like food, shelter, and companionship to be happy.
Everyone wants to know what their retirement number is--the magical point at which they can choose how they participate in the working world. The best we can do is offer a ballpark figure, and here's how to find it.
Using a Roth Ladder to Retire Early...and Avoid Early Withdrawal Penalties!Brian Stoffel
This document outlines a 7-step process for retiring early while avoiding withdrawal penalties:
1. Determine your basic needs and wants to reduce spending;
2. Max out 401(k) and IRA contributions to lower taxable income;
3. Invest additional savings in a brokerage account for long-term growth;
4. Retire once financial goals are met;
5. Initially live off capital gains and dividends which may be tax-free;
6. Gradually convert pre-tax retirement funds to Roth IRA to pay taxes at lower retirement rates;
7. After 5 years, withdraw tax-free from Roth IRA contributions and earnings.
This document outlines a 4-step process for saving money fast without a budget. The steps are to 1) automate savings by taking money directly from paychecks, 2) wait before making impulse purchases over $50 to avoid unnecessary spending, 3) regulate spending with cash-only or list-making approaches for necessities, and 4) meditate to improve mental health and decision making which can lead to less materialism and overspending.
This document outlines 8 steps to calculate a retirement number:
1) Determine current annual spending
2) Subtract rent/mortgage if paid off in retirement
3) Subtract life/disability insurance if not needed in retirement
4) Reduce food budget based on age
5) Reduce transportation budget based on age
6) Increase healthcare spending based on age
7) Subtract estimated social security benefits
8) Multiply final annual spending by 25 to get retirement number
How to Early Retirees can Avoid Early Withdrawal PenaltiesBrian Stoffel
Early retirement sounds great, but many worry about the penalties they will incur for taking money out of IRAs and 401(k)s before retirement age. Using this strategy, you can avoid that problem.
The document discusses how intentional activities account for 40% of happiness according to research, more than life circumstances which only account for 10%. It defines intentional activities as practicing gratitude, building relationships, coping strategies, living in the present, and committing to goals. Examples are given showing retirees with high levels of happiness due to having time to engage in these activities. A lifestyle expert also argues that humans only need basic necessities like food, shelter, and companionship to be happy.
Everyone wants to know what their retirement number is--the magical point at which they can choose how they participate in the working world. The best we can do is offer a ballpark figure, and here's how to find it.
Using a Roth Ladder to Retire Early...and Avoid Early Withdrawal Penalties!Brian Stoffel
This document outlines a 7-step process for retiring early while avoiding withdrawal penalties:
1. Determine your basic needs and wants to reduce spending;
2. Max out 401(k) and IRA contributions to lower taxable income;
3. Invest additional savings in a brokerage account for long-term growth;
4. Retire once financial goals are met;
5. Initially live off capital gains and dividends which may be tax-free;
6. Gradually convert pre-tax retirement funds to Roth IRA to pay taxes at lower retirement rates;
7. After 5 years, withdraw tax-free from Roth IRA contributions and earnings.
This document summarizes and analyzes 3 stocks - The Container Store, Fastenal, and Bob Evans Farms. For each stock, it discusses why investors are currently negative on the stock and what to watch in upcoming earnings reports that could impact the stock price. Key things to watch for The Container Store include details on their new customer engagement program and how their annual sale compared to previous years. For Fastenal, same-store sales growth and monthly sales growth are important metrics. And for Bob Evans, same-store sales and any discussion of the activist investor situation will provide insight.
This document summarizes three stocks - The Container Store, Fastenal, and Bob Evans Farms - that could see large stock price movements. For each stock, it discusses why investors are currently negative on them and what metrics to watch in their upcoming earnings reports that could influence their share prices. Key things to watch for The Container Store include details on their new customer engagement program and how their annual sale compared to previous years. For Fastenal, same-store sales growth above 6% and monthly sales growth above 6% would be positive signs. Finally, for Bob Evans, same-store sales will show if bad weather truly impacted results and any discussion of an activist investor's attempt to place directors on the board are important to
The document summarizes three stocks - Acuity Brands, SYNNEX Corp., and The Greenbrier Companies - that could see large stock moves. For each stock, it provides background on why investors may be negative about recent price increases. It then outlines the key financial metrics Wall Street is expecting from upcoming earnings reports and highlights other important metrics to watch from the earnings calls, such as LED lighting growth rates for Acuity, the value of SYNNEX's IBM acquisition, and Greenbrier's backlog and new "Tank Car of the Future" sales.
This document discusses 3 stocks - Acuity Brands, SYNNEX Corp., and The Greenbrier Companies - that could see large stock moves. For each stock, it provides background on why investors are currently negative, expected financial results, and key things to watch in upcoming earnings reports, such as LED lighting growth rates for Acuity, the impact of IBM deal for SYNNEX, and Greenbrier's backlog and new tank car sales.
1) Lightinthebox obtains most of its revenue from apparel (29%) and electronics/general merchandise (71%), whereas competitors focus on flash sales and media/products.
2) While headquartered in China, Lightinthebox conducts most business globally rather than domestically in China. Europe accounts for 62% of revenue.
3) In contrast to growing revenues of competitors, Lightinthebox's revenue growth has stalled at 27% while expenses rose 47%, suggesting slowing business momentum.
Organovo made faster than expected progress in validating its 3D liver assays, completing functional validation in late January rather than March and providing them to Key Opinion Leaders in April rather than planned for later. While revenue from the liver assays launching in December 2014 will not be seen until mid-2015, the opinions of these KOLs will have a major impact on the company's stock and the investment thesis for shareholders before then. Investing in speculative companies like Organovo should only make up part of one's portfolio alongside more stable dividend paying stocks.
This document compares three Chinese e-commerce companies: Dangdang, VIPShop, and Lightinthebox. It notes that Dangdang and VIPShop primarily serve the Chinese market, while Lightinthebox relies more on overseas customers. A key difference is that while Dangdang and VIPShop continue to experience strong revenue growth, Lightinthebox's growth has slowed significantly, with only a 27% revenue increase despite a 47% rise in operating expenses. The document warns investors to consider Lightinthebox's different business model and slowing growth before investing in the company.
This document discusses three Chinese e-commerce companies - Dangdang, VIPShop, and Lightinthebox. It summarizes:
1) Dangdang and VIPShop primarily serve the Chinese market, while Lightinthebox relies more on overseas customers for the majority of its revenue.
2) Lightinthebox focuses on apparel and electronics, while Dangdang and VIPShop have different product categories.
3) Importantly, Lightinthebox's revenue growth has stalled recently, increasing only 27% while operating expenses rose 47%, unlike the continued strong growth of Dangdang and VIPShop.
Investor Beware: Lightinthebox Isn't What You ThinkBrian Stoffel
This document discusses three Chinese e-commerce companies - Dangdang, VIPShop, and Lightinthebox. It summarizes:
1) Dangdang and VIPShop primarily serve the Chinese market, while Lightinthebox relies more on overseas customers for the majority of its revenue.
2) Lightinthebox focuses on apparel and electronics, while Dangdang and VIPShop have different product categories.
3) Importantly, Lightinthebox's revenue growth has stalled in recent years, increasing only 27% while expenses rose 47%, distinguishing it from the steady growth of Dangdang and VIPShop.
This document discusses and analyzes 3 stocks - Fuel Cell (FCEL), Amabarella (AMBA), and Vera Bradley (VRA). For each stock, it outlines reasons why investors may be negative, current Wall Street expectations around revenue, earnings, and short interest, and key metrics to watch that could impact whether the stocks make large moves.
3 Stocks that could make huge moves this week.Brian Stoffel
This document summarizes and analyzes 3 stocks - Fuel Cell (FCEL), Amabarella (AMBA), and Vera Bradley (VRA). For FCEL, it notes high short interest and analysts expect a loss per share. For AMBA, it notes applications stretching far/wide and to watch progress on deals. For VRA, it notes high short interest and to watch gross margins and guidance beyond the holiday quarter.
The document discusses 3 stocks - Best Buy, Staples, and GameStop - that could make large price moves. Investors are negative on these brick-and-mortar retailers as customers increasingly shop online. Key things to watch for Best Buy and Staples are analyst expectations and guidance for the full year. For GameStop, attention should be paid to earnings from video game makers and performance of GameStop's non-retail subsidiaries. The document promotes a free report on a company benefiting from increased computer-to-computer communication.
This document discusses ways parents can still retire on time even after having kids by reducing the costs associated with transportation, child care, education, and other expenses. It estimates that by living close to family for help with childcare, sending kids to public schools, attending community college, and cutting restaurant spending, the total costs of raising a child over 22 years can be reduced from an estimated $358,000 to $195,000, a savings of 46%.
The document discusses 3 retail stocks - Best Buy, Staples, and GameStop - that could make large stock price moves. Investors are negative on all 3 due to the belief that online shopping will continue taking business from brick-and-mortar stores. Key things to watch for Best Buy and Staples include guidance for the rest of the year and details on new strategies to reinvent themselves. For GameStop, analysts will watch for earnings news from video game makers and performance of GameStop's other subsidiaries beyond its core business.
This document provides an overview and analysis of 3 stocks to watch for the upcoming week: SodaStream, Groupon, and Tesla. For SodaStream, key metrics are CO2 canister growth rates above 20% and potential buyout details from the earnings call. For Groupon, its transition to e-commerce through Groupon Goods is important to watch. For Tesla, details on the Chinese market response and any updates on the Gigafactory are highlighted as important to follow.
Warren Buffett and Carlos Slim are two of the richest people in the world. Both started investing at a young age, with Buffett buying stocks at age 11 and Slim opening a bank account and purchasing shares at age 12. While Buffett initially struggled in school after moving as a child, he later excelled in business school, earning an A+ in Benjamin Graham's class. Similarly, Slim taught college courses while completing his own undergraduate degree. A key characteristic they share is being greedy when others are fearful - Buffett bought struggling companies during downturns, while Slim seized opportunities in Mexico after its 1982 economic collapse. The main difference is their approach to charitable giving, with Buffett pledging most
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
This document summarizes and analyzes 3 stocks - The Container Store, Fastenal, and Bob Evans Farms. For each stock, it discusses why investors are currently negative on the stock and what to watch in upcoming earnings reports that could impact the stock price. Key things to watch for The Container Store include details on their new customer engagement program and how their annual sale compared to previous years. For Fastenal, same-store sales growth and monthly sales growth are important metrics. And for Bob Evans, same-store sales and any discussion of the activist investor situation will provide insight.
This document summarizes three stocks - The Container Store, Fastenal, and Bob Evans Farms - that could see large stock price movements. For each stock, it discusses why investors are currently negative on them and what metrics to watch in their upcoming earnings reports that could influence their share prices. Key things to watch for The Container Store include details on their new customer engagement program and how their annual sale compared to previous years. For Fastenal, same-store sales growth above 6% and monthly sales growth above 6% would be positive signs. Finally, for Bob Evans, same-store sales will show if bad weather truly impacted results and any discussion of an activist investor's attempt to place directors on the board are important to
The document summarizes three stocks - Acuity Brands, SYNNEX Corp., and The Greenbrier Companies - that could see large stock moves. For each stock, it provides background on why investors may be negative about recent price increases. It then outlines the key financial metrics Wall Street is expecting from upcoming earnings reports and highlights other important metrics to watch from the earnings calls, such as LED lighting growth rates for Acuity, the value of SYNNEX's IBM acquisition, and Greenbrier's backlog and new "Tank Car of the Future" sales.
This document discusses 3 stocks - Acuity Brands, SYNNEX Corp., and The Greenbrier Companies - that could see large stock moves. For each stock, it provides background on why investors are currently negative, expected financial results, and key things to watch in upcoming earnings reports, such as LED lighting growth rates for Acuity, the impact of IBM deal for SYNNEX, and Greenbrier's backlog and new tank car sales.
1) Lightinthebox obtains most of its revenue from apparel (29%) and electronics/general merchandise (71%), whereas competitors focus on flash sales and media/products.
2) While headquartered in China, Lightinthebox conducts most business globally rather than domestically in China. Europe accounts for 62% of revenue.
3) In contrast to growing revenues of competitors, Lightinthebox's revenue growth has stalled at 27% while expenses rose 47%, suggesting slowing business momentum.
Organovo made faster than expected progress in validating its 3D liver assays, completing functional validation in late January rather than March and providing them to Key Opinion Leaders in April rather than planned for later. While revenue from the liver assays launching in December 2014 will not be seen until mid-2015, the opinions of these KOLs will have a major impact on the company's stock and the investment thesis for shareholders before then. Investing in speculative companies like Organovo should only make up part of one's portfolio alongside more stable dividend paying stocks.
This document compares three Chinese e-commerce companies: Dangdang, VIPShop, and Lightinthebox. It notes that Dangdang and VIPShop primarily serve the Chinese market, while Lightinthebox relies more on overseas customers. A key difference is that while Dangdang and VIPShop continue to experience strong revenue growth, Lightinthebox's growth has slowed significantly, with only a 27% revenue increase despite a 47% rise in operating expenses. The document warns investors to consider Lightinthebox's different business model and slowing growth before investing in the company.
This document discusses three Chinese e-commerce companies - Dangdang, VIPShop, and Lightinthebox. It summarizes:
1) Dangdang and VIPShop primarily serve the Chinese market, while Lightinthebox relies more on overseas customers for the majority of its revenue.
2) Lightinthebox focuses on apparel and electronics, while Dangdang and VIPShop have different product categories.
3) Importantly, Lightinthebox's revenue growth has stalled recently, increasing only 27% while operating expenses rose 47%, unlike the continued strong growth of Dangdang and VIPShop.
Investor Beware: Lightinthebox Isn't What You ThinkBrian Stoffel
This document discusses three Chinese e-commerce companies - Dangdang, VIPShop, and Lightinthebox. It summarizes:
1) Dangdang and VIPShop primarily serve the Chinese market, while Lightinthebox relies more on overseas customers for the majority of its revenue.
2) Lightinthebox focuses on apparel and electronics, while Dangdang and VIPShop have different product categories.
3) Importantly, Lightinthebox's revenue growth has stalled in recent years, increasing only 27% while expenses rose 47%, distinguishing it from the steady growth of Dangdang and VIPShop.
This document discusses and analyzes 3 stocks - Fuel Cell (FCEL), Amabarella (AMBA), and Vera Bradley (VRA). For each stock, it outlines reasons why investors may be negative, current Wall Street expectations around revenue, earnings, and short interest, and key metrics to watch that could impact whether the stocks make large moves.
3 Stocks that could make huge moves this week.Brian Stoffel
This document summarizes and analyzes 3 stocks - Fuel Cell (FCEL), Amabarella (AMBA), and Vera Bradley (VRA). For FCEL, it notes high short interest and analysts expect a loss per share. For AMBA, it notes applications stretching far/wide and to watch progress on deals. For VRA, it notes high short interest and to watch gross margins and guidance beyond the holiday quarter.
The document discusses 3 stocks - Best Buy, Staples, and GameStop - that could make large price moves. Investors are negative on these brick-and-mortar retailers as customers increasingly shop online. Key things to watch for Best Buy and Staples are analyst expectations and guidance for the full year. For GameStop, attention should be paid to earnings from video game makers and performance of GameStop's non-retail subsidiaries. The document promotes a free report on a company benefiting from increased computer-to-computer communication.
This document discusses ways parents can still retire on time even after having kids by reducing the costs associated with transportation, child care, education, and other expenses. It estimates that by living close to family for help with childcare, sending kids to public schools, attending community college, and cutting restaurant spending, the total costs of raising a child over 22 years can be reduced from an estimated $358,000 to $195,000, a savings of 46%.
The document discusses 3 retail stocks - Best Buy, Staples, and GameStop - that could make large stock price moves. Investors are negative on all 3 due to the belief that online shopping will continue taking business from brick-and-mortar stores. Key things to watch for Best Buy and Staples include guidance for the rest of the year and details on new strategies to reinvent themselves. For GameStop, analysts will watch for earnings news from video game makers and performance of GameStop's other subsidiaries beyond its core business.
This document provides an overview and analysis of 3 stocks to watch for the upcoming week: SodaStream, Groupon, and Tesla. For SodaStream, key metrics are CO2 canister growth rates above 20% and potential buyout details from the earnings call. For Groupon, its transition to e-commerce through Groupon Goods is important to watch. For Tesla, details on the Chinese market response and any updates on the Gigafactory are highlighted as important to follow.
Warren Buffett and Carlos Slim are two of the richest people in the world. Both started investing at a young age, with Buffett buying stocks at age 11 and Slim opening a bank account and purchasing shares at age 12. While Buffett initially struggled in school after moving as a child, he later excelled in business school, earning an A+ in Benjamin Graham's class. Similarly, Slim taught college courses while completing his own undergraduate degree. A key characteristic they share is being greedy when others are fearful - Buffett bought struggling companies during downturns, while Slim seized opportunities in Mexico after its 1982 economic collapse. The main difference is their approach to charitable giving, with Buffett pledging most
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
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Enhancing Adoption of AI in Agri-food: IntroductionCor Verdouw
Introduction to the Panel on: Pathways and Challenges: AI-Driven Technology in Agri-Food, AI4Food, University of Guelph
“Enhancing Adoption of AI in Agri-food: a Path Forward”, 18 June 2024
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Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani case
Time and again, the business group has taken up new business ventures, each of which has allowed it to expand its horizons further and reach new heights. Even amidst the Adani CBI Investigation, the firm has always focused on improving its cement business.
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Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Niswey
50 million companies worldwide leverage WhatsApp as a key marketing channel. You may have considered adding it to your marketing mix, or probably already driving impressive conversions with WhatsApp.
But wait. What happens when you fully integrate your WhatsApp campaigns with HubSpot?
That's exactly what we explored in this session.
We take a look at everything that you need to know in order to deploy effective WhatsApp marketing strategies, and integrate it with your buyer journey in HubSpot. From technical requirements to innovative campaign strategies, to advanced campaign reporting - we discuss all that and more, to leverage WhatsApp for maximum impact. Check out more details about the event here https://events.hubspot.com/events/details/hubspot-new-delhi-presents-unlocking-whatsapp-marketing-with-hubspot-integrating-messaging-into-your-marketing-strategy/
Efficient PHP Development Solutions for Dynamic Web ApplicationsHarwinder Singh
Unlock the full potential of your web projects with our expert PHP development solutions. From robust backend systems to dynamic front-end interfaces, we deliver scalable, secure, and high-performance applications tailored to your needs. Trust our skilled team to transform your ideas into reality with custom PHP programming, ensuring seamless functionality and a superior user experience.
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Discover the Beauty and Functionality of The Expert Remodeling Serviceobriengroupinc04
Unlock your kitchen's true potential with expert remodeling services from O'Brien Group Inc. Transform your space into a functional, modern, and luxurious haven with their experienced professionals. From layout reconfiguration to high-end upgrades, they deliver stunning results tailored to your style and needs. Visit obriengroupinc.com to elevate your kitchen's beauty and functionality today.
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The Warren Buffett of Latin America?
1. THE WARREN
BUFFETT OF LATIN
AMERICA?
Some key characteristics shared
by the world’s greatest
investors…and one big difference.
2. WHO ARE THESE GUYS ANYWAY?
Warren Buffett Carlos Slim
Currently, the world’s third-
richest individual, with a net
worth of about $63 billion
CEO of Berkshire
Hathaway, a conglomerate
with diverse holdings, and a
focus on insurance.
Born and currently lives in
Nebraska
Currently, the world’s
second-richest
individual, with a net worth of
about $71 billion
Honorary
Chairman, America
Movil, and holder of
controlling interest in
industrial conglomerate
Grupo Carso
Born and currently lives in
Mexico City
3. 1) THEY STARTED INVESTING
EARLY Warren Buffett made his first investment at the age of
11. He bought shares of Cities Service stock for himself
and his sister Doris. Later, when he was just a high
school sophomore, Buffett bought a 40-acre Nebraska
farm and hired a tenant farmer to work the land for him.
At the age of 12, Carlos Slim opened up his own
personal checking account, and purchased shares of
said bank—Banco Nacional de Mexico—while he was
at it.
4. 2) WHEN IT MATTERED, THEY
EXCELLED IN SCHOOL
Early on, Buffett struggled in school. He was forced to
move from Nebraska to Washington, D.C. when his
father became a Congressman. He wasn’t exactly a fan
of the move, and it showed. Says Buffett: “I behaved
pretty badly.”
Later, however, when he was a graduate student at the
Columbia Business School, Buffett excelled under the
tutelage of professor Benjamin Graham. In fact, Buffett
was allegedly the only person to earn an A+ in
Graham’s course.
5. 2) THEY EXCELLED IN SCHOOL (CON’T)
Carlos Slim attended the National Autonomous
University of Mexico with a degree in civil
engineering.
While he was completing his undergraduate
studies, however, Slim was actually a student and
a professor!
Slim taught college courses in algebra and
linear programming before he was 22 years of
age.
6. 3) THEY WERE GREEDY WHEN
OTHERS WERE FEARFUL
In Warren Buffett’s 2004 letter to shareholders, he famously wrote:
“Investors should remember that excitement and expenses are their
enemies. And if they insist on trying to time their participation in
equities, they should try to be fearful when others are greedy and greedy
when others are fearful.” [emphasis added]
7. 3) BE GREEDY WHEN OTHERS ARE
FEARFUL (CON’T)
During his time as an investor, Buffett often eschewed
market sentiment—pouncing on well-known names when
they were down in the dumps, and famously staying out
of technology stocks during the dot-com run-up.
8. 3) BE GREEDY WHEN OTHERS ARE
FEARFUL (CON’T)
In the early 1982, Mexico’s economy collapsed on the
heels of falling oil prices and rising interest rates.
While many were pulling their money out of the
country, Slim used it as a buying opportunity. He
amassed positions in a wide range of
businesses, including the Mexican subsidiaries of
many well-known international brands.
9. WHILE DIVERSE, THEY EACH HAD A
CORE
For Buffett, that core business is
insurance
For Slim, America Movil is the
largest piece of the puzzle
Berkshire Hathaway’s
subsidiaries include 8
different property and
casualty insurance
companies.
The most well-known is
GEICO.
America Movil has an over
70% share of the cell phone
market in Mexico.
Slim controlled Telmex owns
83% of the landlines in use in
Mexico
10. ONE AREA OF DIVERGENCE:
CHARITABLE GIVING
Buffett has pledged much
of his fortune to
charity, primarily through
the Bill and Melinda
Gates Foundation.
Buffett also spearheaded
The Giving
Pledge, whereby the
world’s wealthiest
individuals agree to leave
a substantial portion of
their wealth to charity.
Slim’s attitude towards
charity is best described as
ambivalent.
He has devoted at least $8
billion to two of his
foundations
Slim claims, “trillions of
dollars have been given to
charity in the last 50
years, and they don’t solve
anything.”
Slim, however, has also
donated his time to
causes, quoting Khalil Gibran
saying, “you give but little
when you give of your
possessions. It is when you
give of yourself that you truly
11. NOW PUT BUFFETT’S WISDOM TO
WORK!
The Motley Fool’s special free report will help you do it
Warren Buffett’s
Greatest Wisdom