Money and Finance
How Zara Grew Into the World’s Largest Fashion Retailer
Galicia, on the Atlantic coast of northern Spain, is the homeland of Generalissimo Francisco Franco, but is otherwise famous for being a place people try to leave. For much of the 20th century, hundreds of thousands of gallegos, as they are called, emigrated to countries as far away as Argentina to escape Galicia’s rural poverty. Today, however, even as Spain teeters on the edge of economic catastrophe, the Galician city La Coruña has attracted notice as the hometown of Amancio Ortega Gaona, the world’s third-richest man — he displaced Warren Buffett this year on the Bloomberg billionaire index — and the founder of a wildly successful fashion company, Inditex, more commonly known by its oldest and biggest brand, Zara.
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Buffett, Blankfein, Bloomberg, Snyder: Small Businesses
Link to video: Buffett, Blankfein, Bloomberg, Snyder: Small Businesses Sept. 18 (Bloomberg) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc., Michael Bloomberg,...
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Berkshire Billionaire Found With More Shares Than Gates
Thanks to Matt for passing this along. Stewart Horejsi’s business was in a funk. It was 1980, and Brown Welding Supply LLC, his family’s third-generation distributor of hydrogen and oxygen tanks, was battling competitors that were intent on expanding...
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Bloomberg Game Changers: Jeff Bezos Revealed (video)
Found via The Big Picture. Feb. 1 (Bloomberg) -- "Bloomberg Game Changers" profiles Amazon.com Inc. founder Jeff Bezos. This program explores the story behind the founder of Amazon.com, the world's most successful online retailer and examines key...
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John Mauldin: Argentina On Sale
There are some who worry whether the path that Argentina has taken to monetary ruin on multiple occasions (and that it seems intent on taking again) is one that the US may also find itself on. That worry has crossed my mind a few times, I must confess....
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Niall Ferguson On Charlie Rose
I found the Charlie Rose interview with Niall Ferguson pretty interesting (VIDEO 11/3/2009). In it, Ferguson says that he thinks Mr. Buffett is making a mistake buying Burlington Northern. The statement "This is a moment in history when the things that...
Money and Finance