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Elon Musk's must-read books
Lifestyle, 4:01
<p>Elon Musk is a business man, but his reading list is all about science. Here are his top book recommendations for Inc.</p> <p> "Benjamin Franklin: An American Life" by Walter Isaacson. Musk isn't an American by birth, but he's certainly inspired by Franklin the scientist, statesman, and business man.<br /> "Catherine the Great: Portrait of a Woman" by Robert K. Massie. Catherine wasn't an ordinary monarch, she was a strong woman with power and the ability to wield it.<br /> "Einstein: His Life and Universe" by Walter Isaacson. Musk is a physicist by trade, and has created his companies in the light of Einstein's discoveries and understandings of the world.<br /> "Howard Hughes: His Life and Madness" by Donald L. Barlett and James B. Steele. Hughes was a brilliant investor and business man, but it remembered for his failures.<br /> "Ignition: An Informal History of Liquid Rocket Propellants" by John D. Clark. This now out of print book is an inside look at the evolution of rocketry.<br /> "Merchants of Doubt: How a Handful of Scientists Obscured the Truth on Issues from Tobacco Smoke to Global Warming" by Naomi Oreskes and Erik Conway. This book exposes how corporate-funded scientists were able to skew public opinion.<br /> "Structures: Or Why Things Don't Fall Down" by J.E. Gordon. This book is the nerd's version of fun, explaining basic physical behavior in an entertaining way.<br /> "Superintelligence: Paths, Dangers, Strategies" by Nick Bostrom. This may be some of the foundation of Musk's fears about the threat of artificial intelligence.<br /> "Zero to One: Notes on Startups or How to Build the Future" by Peter Thiel. Written by Musk's former colleague has unique insight into starting successful businesses.</p> <p>Photo: Thomas Hawk<br /> &nbsp;</p>
What does online dating have to do with online investing?
Lifestyle, 4:01
<p>There’s been a lot of talk about in light of last Friday’s IPO filing for Match Group, the IAC-owned company that’s going public. So I thought it was only appropriate to write something on the subject.</p> <p>I should probably start with an admission: I’m a recovering Match-a-holic.</p> <p>When I was dating, I was legitimately addicted to And although it surprises a lot of people when I tell them this, I generally found that the women I met on Match were “as advertised.” Meaning when I met them in person on a first date, they were more-or-less who I thought they would be. From my own personal experience, I found Match to be valuable and a lot of fun too.</p> <p>Something I used to do to on Match was update my personal profile often in order to figure out how to get maximum engagement with my intended audience. I routinely did things like Photoshopping my kids out of a vacation picture or changing my job description from “software entrepreneur” to “hedge fund guy.” (Predictably, this last tweak resulted in a huge increase in interest.)</p> <p>But nothing generated more attention than what I called my “Top 10 List.” On this list, I included snippets of what I thought women should know about me before they sent me an email. I made sure it was informative (I’m not a Facebook user, I’m not a serial dater, I don’t use Rogaine, etc.) and I made sure it was funny because let’s face it, we all need a little humor to get through the day.</p> <p>So in celebrating’s IPO filing, I thought I’d use some of the stuff I learned on their website and apply it to something more relevant for this forum, which aims to cover the area of online capital formation. So without further ado, here it is.</p> <p>The Top 10 reasons why I’m contemplating quitting my job to start an online dating website:</p> <p>No need to register as a dating portal<br /> No waiting for Title III crowdfunding rules<br /> No more complaining from people tired of waiting for Title III crowdfunding rules<br /> No SEC no-action letters that make my head hurt<br /> No need to limit my prospects to accredited investors<br /> No need to take “reasonable steps to verify” anything<br /> No FINRA audits (or FINRA auditors)<br /> No Reg D, Reg A, or other regulatory bureaucracy to deal with<br /> No need to worry about general solicitation (but I still do have to worry about “solicitation”)<br /> No need to have a “substantial pre-existing relationship”</p> <p>Enjoy your weekend (and keep your sense of humor)!</p> <p>This post originally appeared on the blog. </p> <p>Photo: Andy Morffew</p>
Warren Buffett's reading list
Lifestyle, 4:01
<p>Read your way to being a billionaire. Or at least read like one. Here is Warren Buffett's recommended reading list for Inc.</p> <p> "Business Adventures: Twelve Classic Tales from the World of Wall Street" by John Brooks. Business journalist Brooks shares some of the best stories from his career.<br /> "Common Stocks and Uncommon Profits" by Philip A. Fisher. This pre-Internet book explains how individuals can pick stocks supported by strong research.<br /> "Dream Big" by Cristiane Correa. Forget Bill Gates and Steve Jobs. Jorge Paulo Lemann, Marcel Telles, and Beto Sicupira are the billionaire innovators of Brazil, and this is their story.<br /> "The Little Book of Common Sense Investing" by Jack Bogle. It's by Jack Bogle. Enough said.<br /> "The Most Important Thing Illuminated" by Howard Marks. In contrast to Bogle, Marks is all about the complex. Think high level investing with complicated factors.<br /> "The Intelligent Investor" by Benjamin Graham. Somewhere between Bogle and Marks, Graham explains the core of investing.<br /> "The Outsiders" by William Thorndike, Jr. Thorndike writes about eight CEOs and what make them succeed against the odds.<br /> "Where Are the Customers' Yachts?" by Fred Schwed. Brokerages are for making brokers rich, not the customers. Yikes.</p> <p>&nbsp;<br /> Photo: collectmoments<br /> &nbsp;</p>
A post-grad job search reality check
<p>Don't waste graduate school worried about your post-graduate job opportunities. During a graduate school panel at Columbia Journalism School Thursday, a few alumni and I met with current graduate students to discuss the coming year and what to expect as graduation nears. Students who began their studies in August are already panicked about job applications. Take a deep breath. It shouldn't be that bad. Here are the top tips the panel had for students looking ahead:</p> <p> Be flexible. No one, or almost no one, gets their dream job right out of graduate school. If you get something close, or even not so close, take it. A move to the right company, even in the less-than-ideal position, could be a step in the right direction. Almost any experience is good experience, outside of maybe that super lucrative dog walking gig you've been contemplating.<br /> Know that you're going to keep learning. Don't avoid job applications for positions you don't feel 100% qualified for. Everyone is allowed, and encouraged, to learn on the job. Instead, focus on where your past skills and experiences have come from and how you can apply it to a new role. It may be as simple as showing how quickly you were able to adapt to a new role in a new city in a foreign field at your last job. Companies want their employees to succeed and they should support any further knowledge you seek, formal or informal. Ask questions, and lots of them!<br /> Be eager. Try something new. Come early and stay late. Take on duties outside of your core role. Share your ideas. This is your opportunity to prove yourself and show what you are capable of doing, even if it's a bit uncomfortable at first.<br /> Don't say yes to everything. It seems to be contrary to the previous point, but it's not. It's great to do new things and tackle projects outside of your core job, but don't take on things you can't handle. If you drop the ball on other duties, miss deadlines, or disappoint, you're probably going to be passed over for opportunities in the future. Only say yes to things you can give 110% to. If you flake it's not just one person that will know, it's everyone they work with now and in the future too.<br /> Network, network, network! It may seem boring, fake, and sometimes painful, but networking is the way to go. Most people enjoy helping others; it makes them feel good too. There's a clear line between desperate begging and being friendly, open, and eager. Trust me, you'll know when you really cross the line. Don't forget to follow up to meetings with an email or a connection on social media platforms (like NexChange!). As long as you act like yourself (in a good way) and put yourself out there to meet new people, you're doing the right thing. They may not remember your resume and exact skills, but they will remember the really nice, smart person they'd like to work with.</p> <p>Photo: Evonne </p>
All-Chinese team returns to the Rolex China Sea Race
Lifestyle, 4:01
<p>Entries for the 2016 Rolex China Sea Race are finally open and according to the Royal Hong Kong Yacht Club, China’s Seawolf and its all-Chinese crew were among the first to sign up for the illustrious – and challenging – event.</p> <p>Seawolf – owned by Y.F. Liu – took fourth place in the IRC Race 2 division last year, and is reportedly itching for a top three finish this time around.</p> <p>Simon Powell, Chairman of the race organizing committee, had this to say regarding Seawolf’s entry:<br /> “[I]t’s fantastic to see Seawolf return to compete in this premier event. After a great showing by the all-Chinese crew in the last edition in 2014, they are the first Chinese boat to enter this edition, and by all accounts are a boat to watch this year. Given the growing popularity of sailing in China we are expecting an increased number of Chinese entries, to expand the already strong fleet making the 565-nm race.”<br /> It faces some though competition from Hong Kong though. Powell’s own Sell Side Dream and Eric Doguet’s Ex Libris are also signed up from the race.</p> <p>The 2016 edition of the Rolex China Sea Race is scheduled for March 23, 2016 and will start from Hong Kong’s Victoria Harbour and will finish 565-nm later in Subic Bay in the Philippines.<br /> Photo: C.K. Tse</p>
And the city with the most valuable property is…
Lifestyle, 4:01
<p>With residences averaging a whopping $1,416 per sq. ft, Hong Kong keeps its crown as the world’s most expensive place to buy a home in, leaving London, New York, and Tokyo sinking in its wake, as the World Property Journal reports:<br /> “Following Hong Kong are London and New York with an average property price of $1,025 per sq. ft. and $842 per sq. ft., respectively. From across the region, Singapore and Tokyo made the top ten list of highest value locations in fifth and sixth place with $810 and $697, respectively.”<br /> Just to put things in perspective, Hong Kong’s per square foot price tag is more than double L.A.’s $671 valuation, and nearly three times that of Rome’s $524.</p> <p>Interestingly, CBRE’s Global Living Report – which the article cites – points out that there may be some upside left in the city’s residential market. A wonder given all the bearishness currently embedded in it:<br /> “Prices are underpinned by a very constrained supply backdrop. Over the last decade on average around 110,000 units have been built, yet population has increased by half a million residents.”<br /> With the reflexive nature of the markets however, I’m not sure if a lot of people are betting on that.<br /> Photo: Bertrand Duperrin</p>
Mario Gabelli: From shoe shiner to Wall Street CEO
Lifestyle, 4:01
<p>Mario Gabelli’s first job was shining shoes in the Bronx when he was six years old. By thirteen, he was already making his own investments in the stock market and was on his way to becoming one of Wall Street’s most notable names. With years of experience under his belt, Mario shares what it took to found his own firm, how his investing philosophy changed over the years, and his opinion on today’s economy.</p> <p>Watch the video interview on ValueWalk.</p>
Nat Rothschild’s Brazilian bachelor pad hits the market
Lifestyle, 4:01
<p>Looking to live like a Rothschild? Well, now’s your chance.</p> <p>The Brazilian pied-a-terre of former Atticus Capital co-chairman Nat Rothschild is currently on the market, and man, does it look like the quintessential party pad.</p> <p>Built by noted Brazilian architects Claudio Bernardes and Paulo Jacobsen in the early 90’s and spruced up by Mlinaric, Henry, &amp; Zervudachi in the late 2000’s, the 9,700 square foot home – which was featured in Architectural Digest – is located in Rio de Jainero’s tony São Conrado neighborhood, and boasts “spectacular views to the ocean, to the islands and to the mountains.”</p> <p>Those views are also available in the home’s four bedrooms apparently, though the villa’s swanky infinity pool, deck, and “lake” might actually be better spots to check it out.</p> <p>How much for the whole thing? The realtors would rather you call and ask – and you know that means.</p> <p>Christie’s has the listing here, while the architects have older photos of the place, here.<br /> Photo: Sam valadi</p>
CFA Institute opens office in Beijing, holds excellence award ceremony in Hong Kong
Lifestyle, 4:01
<p>CFA Institute, the global association of investment professionals that sets the highest standards for education, ethics, and professionalism in a global investment industry, has opened its first office in mainland China, Finbuzz reports.</p> <p>Though the world’s second-largest economy has entered a “new normal” and is no longer a factory of economic growth, China requires world-class financial talents and a mature financial market. With the ongoing internationalization of China’s financial market, the CFA Institute will continue to collaborate closely with Chinese financial authorities and industry professionals to promote the CFA Institute ‘gold standard’ and put it into practice.</p> <p>The CFA Institute Beijing office was formally opened with a ceremony near the office in Oriental Plaza. Speeches were given by members of the CFA Institute global and Chinese leadership teams, financial regulators, and partners.</p> <p>“China is a key growth market for the CFA Institute, driven by the increasing need for talent in the growing financial and asset management industry,” the CFA Institute said in a press statement.</p> <p>Today there are more than 3,000 CFA charter holders in China. Last year alone, there were more than 36,000 CFA exam candidates in China, ranking first in the Asia-Pacific region and second after the United States globally in terms of the number of people taking the exam.</p> <p>“This important milestone in the history of CFA Institute underscores our commitment to China and to the global investment profession,” said Paul Smith, CFA, president and CEO of CFA Institute.</p> <p>A few days earlier the CFA Institute Russia was honored with the 2015 Excellence Award at the Shangri-La Kowloon hotel in Hong Kong. The award recognizes the work and dedication shown by CFA societies and volunteers in several categories. A total of 12 organizations around the world received recognition for their exceptional performance and outstanding innovation. Globally, there are 146 societies in 71 countries. Each society plays a significant role in supporting the CFA Institute mission on a local level by organizing member education, networking opportunities and by building partnerships with universities and companies.</p> <p>About the CFA Institute</p> <p>The CFA charter is one of the most respected professional qualifications in the global investment industry. CFA Institute creates a strong global investment community which raising standards of professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute is present across the Americas, Europe, the Middle East, Africa, and Asia Pacific. Its global operations center is in Charlottesville, Virginia, and it has additional offices in New York City, London, Brussels, Hong Kong, Beijing, and Mumbai.</p> <p>This story (with pictures) originally appeared in FinBuzz.<br /> Photo: Ade Russell</p>
China’s profitable congress
Lifestyle, 4:01
<p>Chinese media called it the “wedding of the century”. Earlier this month, TV star Huang Xiaoming tied the knot with Angelababy, who has been described as “China’s Kim Kardashian”. The nuptials took place at the Shanghai Exhibition Centre, witnessed by more than 2,000 rich or beautiful guests and set the groom back a small fortune.</p> <p>“The centre, which costs half a million yuan a day to rent, was sealed off for several days beforehand for decoration purposes. The South China Morning Post reports that the main hall of the centre was filled with tens of thousands of roses while 200 workers laboured overtime to replicate the bride’s dream of getting married in a castle. There was also a 2.5 metre cake fashioned to look like a carousel, which is said to have taken a month to make,” writes Week in China.</p> <p>“Days before the wedding, the bride also showed off her pear-shaped six-carat diamond Chaumet Josephine engagement ring via her social media account. It is estimated to be worth $1.56 million. During the wedding ceremony, she also wore an antique brooch and a crown that were rented from Chaumet’s own museum.”</p> <p>Yet despite the excess, online advertising and endorsements meant the marriage apparently got off to a lucrative start.</p> <p>&nbsp;<br /> Photo: 路易豪豪</p>