Adam Smith On Smuggling


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“The smuggler is a person who, though no doubt blamable for violating the laws of his country, is frequently incapable of violating those of natural justice, and would have been in every respect an excellent citizen had not the laws of his country made that a crime which nature never meant to be so.” – Adam Smith

The One Percent


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As I was favourably impressed by Jamie Johnson’s ‘Born Rich’ I decided to catch this documentary too.I didn’t find this one so compelling.The only response I can make is recall the old adage ‘If you’re not Liberal when you’re 25, you have no heart. If you’re not Conservative when you’re 35, you have no brain.’

In my opinion the best part is when Adnan Khashoggi opines “There is no equality in life. Forget about it. We are what we are. We are created layers over each other. This is it.”

Also the concluding part with his parents is worth watching,especially when his mother reminds him that she was not born rich and at one time might have thought differently.She goes on to say how her current behaviour is influenced by her concerns for his dad.His dad suggests how it might not be possible to change the whole world and it might be enough to influence a few lives. Read more of this post

Top Of The Line Cars


Maybach Rxelero

wealthymatters.com Price: $8.0 million

Engine: V12

Number of Cars Produced: 1

Big & Bold: At 5,852 lbs., the Exelero outweighs other sports cars by more than a ton.

Luxury Wheels: Exelero was created to showcase ultra-high performance tyres from tyre manufacturer Fulda. Read more of this post

New Year Resolution


Richard Branson Quote

Abby Johnson


wealthymatters.comAbigail Pierrepont Johnson,an heiress to a Boston family fortune derived from farming,oil and gas,lumbering,a hotel,real estate services,a bus line and the investment management company Fidelity has a personal net worth estimated by the Bloomberg Billionaires index at $10 billion.She is one of the world’s richest women. She’s also one of the most driven and hardworking. In her 24 years at Fidelity Investments, the mutual fund company founded by her grandfather, Abby has worked through two pregnancies and it is believed a bout with cancer in 2007 .

Abby is termed the Invisible heir.Silence has been her mode for years. She even said little when she was named president of Fidelity Investments Financial Services , making her second in command at the $3.8 trillion mutual fund company. She reports to her father, Fidelity Chairman and Chief Executive Officer Edward “Ned” Johnson III, and her elevation to the No. 2 position arguably makes Abby the most powerful woman in finance.With her ascension, Abby, 51, has become the leading member of what today is still a very small club. In the financial world, only a handful of women have reached the top ranks. Read more of this post