For generations of Hong Kongers, the only means of upward mobility and the only way to meaningfully contribute to society have been to obtain a respectable university degree (preferably in business administration) and a professional accreditation (in finance, accounting, law or medicine).
Without any formal personal finance education or trustworthy resources to tell them otherwise, the majority of people in the 18-to-24-year-old age bracket do not know how to use credit effectively, tackle debt or make wise decisions when it comes to spending.
In our first decade, I interviewed about five thousand people in pursuit of the talent that would create our future. As our success grew, we became known across the four corners of finance not just for our outstanding returns, but also for our outstanding people.
The math you need for most of finance is ninth-grade algebra, and most people feel reasonably comfortable with that. But I think the financial world there has been – I don’t know if it’s by design, or this is how it’s evolved – there are bad actors who have wanted to obfuscate because you can benefit from the lack of transparency.
Customers are a great way to finance a business for many reasons. First, customer financing is typically non dilutive. They want something from you other than equity in your business. Customers also help you fit your product to the market. And customers will help debug and improve the quality of the product.
Why would the Obama campaign officials oppose any effort to ensure the legitimacy of a campaign contribution? It’s the same reason they oppose voter ID laws. The Obama campaign evidently believes that election fraud and campaign finance fraud are permissible tools for the purpose of retaining power.
Because I spent many years during my previous life as an academic researching game theory, some commentators rushed to presume that as Greece’s new finance minister, I was busily devising bluffs, stratagems and outside options, struggling to improve upon a weak hand. Nothing could be further from the truth.
To finance longer life spans, we must convince individuals to start investing now for the long term. But longevity should be an asset that can be levered, not a curse. They must understand that there’s a cost to sitting in cash. No one talks about that cost.
There’s a cumulative effect to getting good parts as a freelance actor, because you’re only as good as your last job, and you have to keep going out and getting them. Unless you’re part of the finance structure, by which I mean a bankable star, which I never was and never will be.
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
I took some time off after ‘Titanic’ because I needed to let the dust settle and recharge my battery. I felt, ‘OK, you’ve been given a tremendous opportunity; what are you going to do with it? Now your name can finance movies that you do want to do.’
In the past, liberals have competed to see who could shout the loudest to shut down the banks, ridicule success, and penalize anyone working in finance. In fact, the Occupy Wall Street movement was an aggressive liberal effort to shut down Wall Street banks.
We want to see more sources of alternative finance, from innovations in factoring such as MarketInvoice or in peer-to-peer lending such as Funding Circle which Labour local authorities are now using to support and invest in local businesses.
At 25, I made many companies. I was thinking more like a businessman or entrepreneur than a CEO. I created many companies, small companies, medium companies. I tried to be involved in many kinds of activities, in finance, in real estate, in mining.
I’m looking for backing for an unauthorized auto-biography that I am writing. Hopefully, this will sell in such huge numbers that I will be able to sue myself for an extraordinary amount of money and finance the film version in which I will play everybody.
As much as you need to know your operations, if you don’t understand the finance side and how to do the business, you’re never going to be successful. So you might be the best operator or visionary, but if you don’t understand the finance side… I’m successful because I know the finance side, but I also know operations; it’s not an accident.
In the finance world, we used to spend all of our time looking backwards, reporting on what happened. Can I book it? What are the numbers? Now it’s about looking into the future. It’s about planning and integration. The role of finance is now that of a partner in the business.
Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.
You want to put out a TV show? If you have the money to do it on your own, by yourself, and you have a TV network, you can do it by yourself. But the nature of the beast is, art needs finance. That’s how this industry works. So until the Internet becomes our source of entertainment – and watch it, I believe it will – this is how things go.
I really love New York, and I’ve lived here for a long time. I know not just the different neighborhoods but the different kind of class cultures in New York from the up-and-coming, down-and-out kind of artist to the powerful worlds of finance.
Businesses in my constituency want help to address the skills mismatch at local level which leaves employers with staff shortages and young people without jobs. They want access to reliable sources of finance, including a network of local banks.
The war we are fighting today against terrorism is a multifaceted fight. We have to use every tool in our toolkit to wage this war – diplomacy, finance, intelligence, law enforcement, and of course, military power – and we are developing new tools as we go along.
Let’s not forget, it was the government, Department of Finance and Central Bank that decided to unfairly land the taxpayers of this country with unmitigated losses of Anglo and massive legacy issues that would have been expected when nationalising a fraudulent bank.
I basically see two reasons for a going public: Glencore gets access to more money. It is a way of funding your business and to finance growth. Plus: You have more liquid shares. It is easier to leave the company and redeem your shares. The ‘going public’ may also be an exit strategy for the top management.
Wealthy individuals have always had the capacity to influence politics, of course, but only after two key campaign finance cases – Wisconsin Right to Life and and Citizens United, have they been able to do it in such a large and blatant way.
