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Jack Nash's home sells for $27M
Lifestyle
<p>Hedge funder Jack Nash's Hamptons home has finally sold, seven years after his death.</p> <p>The 1904 Water Mill mansion belonged to the Odyssey Partners co-founder for more than 30 years, until his death in 2008, reports Business Insider. Nash's wife Helen put the house on the market for $38.5 million, but was unable to sell it. The house, which sits on Mecox Bay, sold for a 30% reduction at $27 million.</p> <p>The Nash family compound includes a 8,000-square-foot house with six bedrooms and eight bathrooms. The property includes a heated pool, a tennis court, and a four-bedroom guesthouse.<br /> Photo: Diana Parkhouse<br /> &nbsp;</p>
Angelina Jolie, Brad Pitt light up red carpet at WSJ Innovators Award 2015
Lifestyle
<p>There was plenty of razzle and dazzle at the WSJ Magazine Innovator Awards at the Museum of Modern Art on Wednesday evening. The clear stars of the evening: Angelina Jolie and Brad Pitt, dressed in his and hers black. The dinner, described as an intimate sit-down affair, celebrated the work of eight extraordinary people in eight different fields.<br /> Twitter soaked up Brangelina.</p> <p>“I feel that to be innovative is to be willing to stand alone."-Angelina Jolie @YahooStylehttps://t.co/xppPC5Zc2U#WSJInnovators<br /> — Kristin T. Studeman (@KristinTice) November 5, 2015</p> <p>Angelina Jolie's Tom Ford dress is pretty uneventful until you see the back #WSJInnovatorshttps://t.co/mjzRxTaptIpic.twitter.com/CI07tfOEMc — Red Carpet Fashion (@Fashion_Critic_) November 5, 2015</p> <p>The other winners didn't look all bad either and included:</p> <p> Angelina Jolie Pitt, Entertainment/Film Innovator<br /> Stewart Butterfield, CEO, Slack, Technology Innovator<br /> Mark Parker, CEO, Nike, Brand Innovator<br /> Miuccia Prada, Prada, Fashion Innovator<br /> Richard Serra, Art Innovator<br /> Karl Ove Knausgaard, Literary Innovator<br /> Stewart Butterfield, Co-founder &amp; CEO, Slack , Technology Innovator<br /> Thomas Heatherwick, Design Innovator</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>Photo: JLO8</p>
Nevermind the insider trading, Xiang, what's with that awful jacket?
Lifestyle
<p>&nbsp;</p> <p>When Chinese hedge fund guru Xu Xiang had his collar felt by the authorities last Sunday, China's internet users lost their minds. But it wasn't so much his alleged insider trading that had them irked as his shoddy dress sense.</p> <p>According to the South China Morning Post, the offending clothing item in question was an ill-fitting Armani jacket. Xiang was snapped wearing the lab coat-like blazer when he was arrested.</p> <p>Not only did ther 37-year old -- who manages 10 billion yuan worth of assets -- come in for a ribbing over his wrinkled attire, but he was also upbraided for his naff haircut. </p> <p>Chinese bloggers have jokingly asked how a dentist came to be arrested for stock market manipulation, or whether Xiang was really being arrested for crimes against fashion.</p> <p>If you think you can rock the Georgio Armani jacket better than our sartorially challenged Xiang, it reportedly retails at about $4,000. </p> <p>Photo: Upupa4me</p> <p>&nbsp;</p>
Learn from the book of GRONKonomics
Lifestyle
<p>Rob Gronkowski is a stud on the football field, and in financial advising.</p> <p>The 26-year-old New England Patriots star hasn't spent a penny of his NFL paychecks, reports CBS. The paycheck money, which totals more than $16.3 million from five seasons, goes straight into his savings account, while the Gronk lives off his endorsement money. With his notorious frat-boy lifestyle, that shouldn't be much of a financial struggle. Now Gronkowski is teaming up with Capital One to share his personal finance tips with fans through his GRONKonomics program.</p> <p>Through his social media accounts and Capital One Gronkowski encourages fans to set short-term goals and try automatic transfers to savings accounts. It's all about financial fitness he says.</p> <p>Who wouldn't take financial advice from the Gronk?<br /> Photo: WEBN-TV</p>
12 tips from Jordan Belfort, the ‘Wolf of Wall Street’
Lifestyle
<p>&nbsp;</p> <p>We’ve all seen the movie "Wolf of Wall Street," featuring Leonardo DiCaprio as the infamous stock broker Jordan Belfort. Some of us may have even seen the 1987  film, "Wall Street," starring Michael Douglas as Gordon Gecko, another character willing to do anything to get to the top of the stockbroker game -- even if it means breaking some laws. But how many of you realize that you can actually learn from these bad guys? The advice we glean, however, is all legal and fair game. Just remember – no insider trading, says Finbuzz.</p> <p> Keep up the tone of a conversation. Demonstrate confidence while selling. Try to keep the intrigue and spark the customer’s interest.<br /> During the first four seconds of a meeting or a call, you should stay especially focused to show your intellect, enthusiasm, and expertise.<br /> Keep in mind the “do not like – really like” information on a scale of 0 to 10. The customer uses this scale to evaluate three factors – you, your company, and the product.<br /> Consider the “decision-making barrier.” Sell your vision of a more positive future! Keep in mind the fact that people fall into two groups. It is very easy to sell anything to the first group, and impossible to the second.<br /> Also keep in mind the “payment threshold” or the “pain threshold.” The customer is more likely to make a purchase once it’s passed. Your task is to maintain the customer and convince him that he/she really needs the deal.<br /> Use the fact that people do not buy logic. People buy emotions.<br /> Sales manager needs to know what to say when he/she hears: “I’ll think about it.” That’s when the sale itself begins.<br /> If you ask, “When shall I call back?” you are deviating from your goal. You should go back a few steps and once again comment on your offer.<br /> Having recognized the profound problems that the client experiences, you will dramatically increase the chances of successfully completing the transaction.<br /> It is important to collect information to better understand your client and their needs.<br /> People fall into four categories: ­20% of people are ready to buy; 30%­ are willing to buy, but not now; 30% are curious, and 20% are not ready. Your task is to make 30% more people joi­n the first group of those who are eager­ to buy.<br /> You should be able to explain more than once that your product is stunning.</p> <p>Photo: FinBuzz</p>
Finance: Which are the highest paying jobs?
Lifestyle, 4:01
<p>Bankers’ salaries have come in for a lot of bad press of late, and the following are the highest in the whole industry.</p> <p>Salary benchmarking site Emolument.com analyzed data collected from 5,400 finance professionals working in the United Kingdom. To those familiar with the finance industry the results may not be particularly surprising, but it may help those driven by financial rewards choose a finance specialism.</p> <p>Certain specialisms pay far more than others at MD level<br /> Although salaries for analysts are fairly consistent across all specialisms, pay packets differ wildly by the time you reach MD level. Those who become MDs in Structuring, Trading and M&amp;A can earn nearly twice as much as those in Fund Management and Institutional Sales.</p> <p>Investment bankers dominate the top spots, with those in Structuring earning over $1,000,000, Trading $928,000 and M&amp;A $879,000. In contrast Fund Managers earn $467,000 and Institutional Sales $507,000.<br /> Analysts in Structuring and Trading earn around 60,000, before their pay skyrockets when they reach MD level. This massive increase is due in part to the fact that bonuses grow significantly as bankers progress through the ranks, with analysts receiving 10-20% of their base salary in bonuses and MDs receiving up to 150% as a bonus.<br /> Graduates should check bonus payments when choosing a specialism</p> <p>This is particularly important for young graduates to consider as they look to decide on an area of finance specialism in which to build a career. At the analyst level it may look as though all specialisms are created equal, but that is certainly not the case later on in your career.</p> <p>“The golden age of bonuses may be well and truly over, with a narrowing pay gap between bankers and other jobs such as asset managers or consultants, bankers are still by far the best paid employees in Europe,”:said Alice Leguay, COO and co-founder at Emolument. “With public perception at an all-time low, the prospect of a fat paycheck probably helps make up for the social stigma of being a banker in our post-2008 world.”</p> <p>Finance as a sector is fairly well remunerated on average, but as the data shows, there are huge discrepancies between different specialisms which should be considered when planning a career path.</p> <p>This article was originally published by ValueWalk. <br /> Photo: </p>
Paul Tudor Jones on failure
Lifestyle, 4:01
<p>Few things in life are as powerful as failure, and no one knows that more than Paul Tudor Jones. While the legendary trader did build his name on an impressive, constant stream of wins (Tudor B.V.I.'s only down year was in 2008), Jones knows that one's greatest successes are often the children of their own failures.</p> <p>And here is talking just about that. While his commencement speech to the Buckley School's class of '09 may be a bit old and touch long, I'm sure you'll still find it a fantastic, moving read nonetheless. Check it out, you'd be glad you did.</p> <p> Paul Tudor Jones Failure Speech from Kenny Leng<br /> Photo: TED Conference</p>
Paul Singer backs Marco Rubio
Lifestyle, 4:01
<p>Maybe Floridians want him to give up his senate seat, but Marco Rubio has gained himself one very powerful backer.</p> <p>Billionaire investor Paul Singer has announced his support for Rubio, hitting the already floundering Jeb Bush campaign hard, reports the New York Times. Bush and New Jersey Gov. Chris Christie had been vying for Singer's blessing, which is sure to come with millions in campaign donations. Last year Singer game more money to Republican candidates and causes than any other donor in the country, and in 2012 he raised more than $3 million to Mitt Romney. A number of other big GOP donors are known to follow Singer's influence.</p> <p>Singer called the Tea Party's Rubio the only candidate who can "navigate this complex primary process, and still be in a position to defeat" Hillary Clinton next fall.<br /> Photo: Marc Nozell</p>
Newport mansion on sale for $7.9M
Lifestyle, 4:01
<p>The mansions of Newport, R.I. are the epitome of the Gilded Age, with giant estates that only the upper crust of top 1% could imagine owning. Now, one of the smaller mansions is for sale.</p> <p>The 1853 Quatrel estate has recently been refurbished after years of neglect, and is on the market for $7.9 million, reports the Boston Globe. Oil executive Jay Wilson and his wife Brenda bought the property for $1.5 million in 2009 before starting the restoration.</p> <p>The seven bedroom, six bathroom home totals 9,803 square feet, and has a two-bedroom carriage house on a total of 1.24 acres. The home was originally owned by Earl P. Mason, president of the Rhode Island National Bank, and was later owned by Louis and Elaine Lorillard, the founders of the Newport Jazz Festival. The Wilsons restored the home in the image of its original look, as designed by Providence architect Thomas Alexander Tefft. It also holds some original fixtures, including claw-foot tubs and marble vanity counter tops, while enjoying modern amenities like a Jacuzzi tub and steam shower.<br /> Photo: 6SN7</p>
Video: Russian plane crashes in Egyptian desert killing 224; Russia denies claims ISIS downed flight
Lifestyle, 4:01
<p>A flight carrying 224 people, mostly Russians, crashed in Sharm el-sheikh, in the Egyptian Sinai Desert. Investigators said passengers were still strapped in their seats and cell phones were ringing, NBC reports. ISIS has claimed responsibility, but Russian officials deny the assertion.<br /> Photo: NASA</p>