Tuesday, November 24, 2009

The Richest People In The World.

Are rich because of the markets - Warren Buffet - Birkshire Hathaway, Bill Gates - Microsoft, Larry Ellison - Oracle, Rob McEwan - GoldCorp. The list goes on I could name thousands. They got rich not from owning companies but from the increases in value of them through the markets. They played the game. The problem is that these are big companies and the shares and options were issued in a way that are not available to the little guy. For people in lower income ranges to become more wealthy the game needs to be changed in thier favor.

Googles auction of its stock on its ipo is a great example of one part of how this can be done.

No comments:

Post a Comment