All posts tagged: INVESTING

Money is the True Third Rail of Literature

When I first read “Bonfire of the Vanities” in the late 1980’s, the book’s protagonist, the bond trading Master of the Universe Sherman McCoy, struck me as very wealthy, a huge Wall Street success.  I recently dipped back in to “Bonfire of the Vanities” as I was curious to measure Sherman’s financial success, circa 1987, against our current 2017 standards of what it means to be rich––our age of the TV show “Billions”, the Kardashians and the Trumps, and multi-million dollar birthday parties.

How to Befriend a Billionaire in One Easy Step

Have you ever wondered how to become part of the inner circle of a wealthy and powerful person? Is it your dream to be part of the entourage that gets to hang out with someone who is successful, driven and brilliant, a true alpha type who might actually change the world? This role can be yours, and it does not require you to do anything illegal, unethical or even unseemly (although of course many people seem to attempt all of those things, with varying measures of success). All you have to do is become the goat. Or the pig. Let me explain.

Do Rich Men and Women Spend Their Money the Same Way?

If you asked an elementary school-aged boy in the late 1960s or early ‘70s what he wanted to own when he grew up, if he could own anything in the world, he would very likely have had one or more of the following on his list: a rocket ship, his own car company, an airplane (or even better, an airline), maybe his local newspaper, and a sports team. Yes, these are clichés, and gross generalizations based on gender – but they’re also true.

How Many Billionaires are there in the World?

In the midst of the usual Monday doom and gloom news reports, as we yawned from staying up too late to watch the Olympics, one headline in yesterday’s Wall Street Journal caught our attention here at Dandelion Chandelier. According to the consultants at Wealth-X, who are experts on people with net worth of $30 million or more, there are officially 2,473 billionaires in the world. That’s up by 6.4% from the prior year. In the world of luxury, that counts as important breaking news.