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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label wealth management. Show all posts

Sunday, September 01, 2013

How ex-Billionaire Eike Batista lost $25 billion in 18 Months

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The consensus tends to shrug off the adverse impact of having too much debt. They never seem to realize that whatever illusions of prosperi...

Friday, June 29, 2012

Wealthy Swiss Hold Cash and Gold on Fears of the Euro’s Doom

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From CNBC , If you want proof that the world’s wealthy are worried, consider this: Swiss banking clients have nearly a third of their p...

Tuesday, June 19, 2012

For Parents who Think that their Kids are Unfit for Inheritance, Try Brewster’s Millions

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Some wealthy parents think that their kids are not qualified to inherit their fortune. According to CNBC , (bold emphasis mine) A new...

Wednesday, June 13, 2012

Millionaire’s Portfolio: Collectibles are the Rage

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From the CNBC Collectibles are all the rage. From the $120 million hammer price for the pastel of Edvard Munch's "The Scream...

Tuesday, November 15, 2011

Risks of Too Much Wealth: Family Feuds

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One of the major risks from having too much wealth: Family Feuds Wall Street Journal’s Robert Frank writes , One reason more wealth d...

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