Being put down for simply being yourself is a hard thing to deal with. Unfortunately it is a struggle that far too many people still deal with from people have struggled with addiction, had to do dangerous work in order to feed themselves and people who come from communities that have been exploited by others that have more power than they do. This feeling of being targeted simply for who you are is one that George Soros knows well. While Soros is a wealthy businessman and philanthropist today he began his life as part of a persecuted community in his native Hungary in the early twentieth century. He grew up during a time where a volatile political situation in Hungary meant that members of his community were being physically harmed simply because they were different. Soros’ family was only able to avoid this kind of targeted violence by hiding their identities. This experience of living in fear because others feel threatened by an innocuous difference would arguably go on to shape the rest of George Soros’ life. He was able to make it out of Hungary and eventually traveled to Britain where he would complete his post-secondary education. After earning his diploma he settled in the United States and ended up working on Wall Street. He would later launch his own company first called the Soros fund and later the Quantum Fund. Know more on investopedia.com about George Soros.
Under Soros’ leadership and financial savvy the Quantum Fund would go on to earn unprecedented returns on the investments that it made. In the early 1990s George Soros was believed to have brought in $650 million over the course of one year. He reached an important milestone in 1993 by becoming the very first person in America to earn an annual salary of $1 billion. Arguably these are the years where Soros made much of his fortune. His success in the world of finance is what enabled him to create the Open Society Foundations which is the philanthropic network that would allow him to help marginalized people around the world who had been targeted for being different just as he had been as a young man. For example the Open Society Foundation funds vital health programs and grant making initiatives around the world. One of the network’s initiatives focuses on the issue of mental health in countries where attitudes towards mental health are still progressing. The Open Society Foundation’s mental health initiative seeks to enable people who are struggling with mental health issues to live with dignity and not be forced into institutions that do not meet their actual needs. The Open Society Foundations health care programming also focuses on meeting the healthcare needs of marginalized minority groups such as the Roma who have had to deal with barriers to healthcare access. Read more at The New York Times about George.
Eduardo Sirotsky Melzer is also known as “Duda.” This Brazilian business leader is an influential figure in Brazilian media nad abroad. His family owned company of Grupo RBS and e.Bricks Digital has provided many opportunities not only financially, but also in assisting fellow citizens. Grupo RBS focuses on news and radio media, while e.Bricks Digital focuses on online media. This focus on online media has been critical to preparing Brazil to become a major player in digital media you can view it on YouTube. Ranking among Globo and Google in Brazil are just a few of the successes this relatively new company has enjoyed. Duda Melzer’s goal of making Brazil a leader online has been recognized in just a few years. The company also focuses on providing businesses in Brazil an opportunity to establish a presence online, thereby increasing sales.
While Duda Melzer’s company has already funded well over 300 million to Brazilian businesses, the criteria to receive funding are rigid. Companies must be able to provide a track record of profits and success among numerous other conditions. There must also be a strong probability of success for the business to excel online. Newer startups are also welcome to apply, however, the criteria are quite strict, and the chance of success online must be incredibly strong according to e.Bricks Digital.
While Duda Melzer certainly has great success in business, it’s the result of hard work and an impressive educational background. He holds an MBA from Harvard University and continues to take coursework at the school on occasion. He’s also served on many panels regarding ethics and won many awards for his leadership. Companies such as Ernst & Young and the Cambridge Institute for Family Enterprise are just a couple of the major players that have recognized Melzer. His family oriented style impresses not only these organizations, but business leaders worldwide.
Check out eduardosirotskymelzer.com
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One million dollars has been wagered by Warren Buffett. He claims he can achieve better returns on an investment than hedge fund managers by placing his investment in an S&P passive index fund. Chances are excellent he will win his bet. Mr. Buffett feels too many funds are expensive, mediocre, and shortchange the investor. He has proven his approach of analyzing companies and building a solid portfolio for the long term.
Mr. Warren Buffett has given some good advice in his shareholder letter. He believes the passive versus active debate does not apply to investors and mutual funds often provide poor returns. He has also stated the opportunities and risks regarding passive index investments are unknown. His advice is to stick with low cost, long term investments. He has challenged the idea that passive index returns are safe because he believes they do not protect investors when the market goes down.
Mr. Buffett believes an investor must do much better than the average crowd when times are rough or their nest egg will disappear. There is no way to know ahead of time which funds will do well but the combination of high manager ownership and low expenses has resulted in fund managers who consistently outpace the average results. Most Americans have to plan their own retirement and the younger Americans may not be able to successfully do so.
Raed more about Timothy Armour on Barrons
Timothy Armour is the CEO of the Capital Group. One of his most prominent skills is in the management of equity portfolios. His experience in investments totals 34 years and it is all with the Capital Group.
Mr. Timothy Armour’s career began when he participated in the Associates Program with the Capital Group. He earned a bachelor’s degree in economics while attending Middlebury College and his current base is in Los Angeles, California.