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Billions in a Shot Glass The world's best-selling tequila has minted a new billionaire. Karen Virginia Beckmann, a former shoe designer, is now one of Latin America's wealthiest women, with a $1.9 billion stake in Becle SAB after her father transferred part of his stake to her. Her wealth comes...

To Hack, or To Be Unhackable In Israel, one tech company operates a service that allows governments and security services to secretly hack into any phone. Almost any phone, that is: another, neighboring company produces the IntactPhone, which is almost impossible to hack. A single tech...

An Unhappy Marriage Crisis after crisis is wearing on the 20-year relationship between Renault and Nissan, with tensions now bubbling to the surface. The end of Renault's merger plans with Fiat Chrysler was partly blamed on Nissan's reluctance, and the Renault board is now refusing to back the...

"We cannot work miracles." Germany, France and the U.K. will stick with the Iranian nuclear deal, German Foreign Minister Heiko Maas said Monday—but he did not sound particularly optimistic. "We want to fulfill our obligations," he said. "We cannot work miracles, but we will try to avert a...

A Break for Huawei? The White House's budget chief is asking for a delay to the law that would restrict the government's relationship with Huawei. The letter, by acting budget chief Russell T. Vought, says the ban would result in a "dramatic reduction" of the companies that could supply the...

Lamborghini, Rolls-Royce and Aston Martin luxury car prices dropping significantly: report Ann Schmidt , Fox Business•June 10, 2019 The average price of a used Aston Martin dropped 54 percent to $103,000 from its peak average price in 2018, reported USA Today, citing data from analytics firm...

Being a Broker in 2019 Is ‘a Challenge Financially’ But the sell-side’s best firms — as ranked in the 46th annual Extel survey — are not backing off from Europe. Amy Whyte June 10, 2019FromExtel Survey 2019 ranking (Geert Vanden Wijngaert/Bloomberg) The past year and a half has been a...

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“Float like a butterfly, sting like a bee.” - Muhammad Ali

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https://www.businessinsider.com/mount-everest-expeditions-climbing-companies-6-2019

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“There is freedom waiting for you, On the breezes of the sky, And you ask, ‘What if I fall?’ Oh but my darling, What if you fly?” - Erin Hanson

The first rapper billionaire: Jay Z just reached billionaire status, so I wanted to resurface this excellent profile on him from 2012. What happens when you go from rapping about the ultra-rich to becoming the ultra-rich? In one conversation with the reporter, he tells her that the Occupy Wall...

The NBA’s money whisperer: Dubbed “the money whisperer,” Joe McLean manages the wealth of the super-rich NBA elite. It’s his job to protect his clients' assets no matter what form they take. Their cars need customizing. Their houses need renovating. Their private bowling alleys need polishing...

The Asymmetric Opportunity Revealed (w/ Kyle Bass & Raoul Pal)

Samsung slims. Samsung is cutting jobs and production at its last remaining plant in China as the smartphone giant is priced out of the market by local competitors. Samsung's market share has declined from 20% in 2013 to just 1% now. Samsung has shifted production to Vietnam and India. However...

Chinese Buffett. Justin Sun, a 28-year-old cryptocurrency entrepreneur from China, placed the winning bid in Glide's annual charity auction of a lunch date with Warren Buffett. Sun, who runs crypto exchange Tronix, or TRON, paid $4.6 million for a powwow with the Sage of Omaha. Sun says he wants...