These days, not even the rich feel rich. According to a recent survey by the financial-advisory firm Ameriprise Financial, only 13 percent of American millionaires classify themselves as wealthy. Even some of those surveyed who had more than $5 million across their bank accounts, investments, and retirement accounts said they didn’t feel rich. If multimillionaires don’t feel…
Details
Peter Rahal, the 33-year-old energy bar impresario who sold RxBar to Kellogg for $600 million and became something of a consumer products legend in the process, stands in the gigantic, spotless kitchen of his new Miami Beach mansion. Behind him, floor-to-ceiling windows revealed his pool, his outdoor bar, and Sunset Harbour. Throughout the house are…
Details
I got flicked an article from a few weeks ago from the AFR that was titled Brace for 5pc super fund returns and the cynic in me instantly assumed that the majority of funds were going to lift their returns to 5%. For some, this would mean doubling their long term rate of return which…
Details
Mubasshir Murshed, fondly known as “Mub” by his friends, is a 17-year-old mathematics genius who has been given the rare honour, for someone of his age, of being published in a national academic journal. His achievement sounds complicated for the uninitiated — he has written an equation that proves “why a parabola is the only…
Details
Rick Beato is probably my go to music guy. His breakdown of songs as to what makes them great is a masterclass in understanding the language of your profession. His enthusiasm for all things music as well as his talent makes for a wonderful way to spend some quality time on the internet. The clip…
Details
The chart below is from Institutional Investor and it tracks where family offices which are essentially private wealth management groups are placing their capital. These charts always tend to follow a very generic flow – a lot in liquid assets such as equities, nowhere near as much as you would think in real estate and…
Details
