Back To School


wealthymatters

Do you fancy a stint back in college?If so here is your chance:Link.Sign up! It costs nothing.And trying to learn something new will give your brain a workout,

It’s a pity that only few of the courses so far result in course credits.But I guess its something that will happen in a while,

I have enrolled for a course in political economy and architecture and if they are fun,I’d love to go back to school every few months.

Peter Thiel’s Advice For Entrepreneurs


wealthymattersHere are 8 tips for entrepreneurs from Peter Thiel ,co-founder of Paypal, entrepreneur,venture capitalist and hedge fund manager.

1. Do not sell your company too early.

2. Find your niche. Don’t try to revolutionize an entire industry like “health” or “energy” straightaway. Start with a project that helps a small group of people.

3. Make sure that the money that your company earns is re-invested in the company.

4. Talent is everything. Work with the best. If you are the smartest person in the room, leave the room.

5. Entrepreneurship is about resilience and resourcefulness. Be an optimist!

6. It’s not sufficient to be incrementally better than your competitors. Online, competition is global.

7. Work hard. But more importantly make sure you work on the right thing.

8. Combining two words works well for branding: face-book, pay-pal.

The Pink Star


wealthymattersThe Pink Star,formerly known as the Steinmetz Pink is a flawless 59.6-carat, oval-cut, pink diamond.It has the highest possible colour and clarity rating from the Gemological Institute of America (GIA)

It was mined by De Beers in Africa in 1999 .It weighed 132.5 carats in the rough, and was cut and polished over a period of two years by Steinmetz Diamonds.This diamond was sold privately in 2007 but neither the price nor the owner was disclosed

It’s very rare to have vivid pink diamonds weighing even five carats so imagine how unique this gem is.

Sotheby’s is to auction this diamond in Geneva on November 13.It is expected to fetch $60m (£38m).

The Pink Star that is over twice the size of the 24.78-carat “Graff Pink” diamond that currently holds the record for the priciest pink diamond at $46.2m,is then expected to become the most expensive pink diamond in the world.

 

Karl Albrecht Speaks


wealthymatters“Start out with an ideal and end up with a deal.”

“Customer needs have an unsettling way of not staying satisfied for very long.”

“If you’re not serving the customer, you’d better be serving someone who is.”

“Albrecht’s Law – Intelligent people, when assembled into an organization, will tend toward collective stupidity.”

“If the frontline people do count, you couldn’t prove it by examining the reward systems in most organizations.”

“Change your language and you change your thoughts.”

“The typical human life seems to be quite unplanned, undirected, unlived, and unsavored. Only those who consciously think about the adventure of living as a matter of making choices among options, which they have found for themselves, ever establish real self-control and live their lives fully.”

Buses And Businesses


wealthymatters“For me, businesses are like buses. You stand on a corner and you don’t like where the first bus is going? Wait ten minutes and take another. Don’t like that one? They’ll just keep coming. There’s no end to buses or businesses.”-Sheldon Adelson