Investors Earnings: Did you say 'global clout'?
Tuesday, 17. February 2009
I came accross a post in 'bloggingstocks' reporting that 20 of our most savvy tycoons had collecytively made no less than (hold your mind) a collective $ 191.2 billions losses recently. The list was somehow impressive and included among all, Warren Buffett, Bill Gates, Paul Allen, Larry Page,Sergey Brin, Oracle's CEO Larry Ellison, Amazon's CEO Jeff Bezos, Rupert Murdoch, Michael Dell, eBay's founder Pierre Omidyar, Apple's founder and CEO Steve Jobs, ... and much more.
The more interesting part on this list (we could reseonnably expect to grow at a fast pace) was the so call brothers Anil and Mukesh Ambani of India's private conglomerate Reliance whose losts totalled $60.7 billion ($32.5 billion and $28.2 billion, respectively), not taking into account other sound names like Lakshmi Mittal, Tata, and many others savvy indian billionaires that have surged in the world business stage these recent years.
For sure, these losses are about the underlined value of their (professional) assets as an estimate of their wealth.But, these guys have been depicted by all standards as those ones who have built the world wealth and made the markets work the most of their best these last years.
In a weekly GPS broadcast discussion with editor and columnist Fareed Zaccharia, George SOROS had stated what he considers as a mistake in the US government $ 700 billions bailout program: the treasury secreatry's reluctance to DILUTE THE SHAREHOLDERS, what he thinks was the real thing to do. He also pointed out the misconceptions of what he named 'market fundamentalism' that have dominated since the 'Reagan-Tatcher' era.
If there is something clear that have proven true, it should certainly be that being such a A-list billionaire does not mean that one can avoid driving his business empire with false premises for a long, very long run.
The more interesting part on this list (we could reseonnably expect to grow at a fast pace) was the so call brothers Anil and Mukesh Ambani of India's private conglomerate Reliance whose losts totalled $60.7 billion ($32.5 billion and $28.2 billion, respectively), not taking into account other sound names like Lakshmi Mittal, Tata, and many others savvy indian billionaires that have surged in the world business stage these recent years.
For sure, these losses are about the underlined value of their (professional) assets as an estimate of their wealth.But, these guys have been depicted by all standards as those ones who have built the world wealth and made the markets work the most of their best these last years.
In a weekly GPS broadcast discussion with editor and columnist Fareed Zaccharia, George SOROS had stated what he considers as a mistake in the US government $ 700 billions bailout program: the treasury secreatry's reluctance to DILUTE THE SHAREHOLDERS, what he thinks was the real thing to do. He also pointed out the misconceptions of what he named 'market fundamentalism' that have dominated since the 'Reagan-Tatcher' era.
If there is something clear that have proven true, it should certainly be that being such a A-list billionaire does not mean that one can avoid driving his business empire with false premises for a long, very long run.
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