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The Secret To Attaining (and Recognizing) Wealth — Know Your Number
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<blockquote data-quote="Tail Gunner" data-source="post: 1167564" data-attributes="member: 2705"><p>I truly shake my head with sadness when I read such comments. Please, for the love of God, educate yourselves. Here is an excerpt from an article that I read <strong>just yesterday</strong>. It is authored by Simon Black, with whom many members of this forum are familiar (because he is an offshore guru who travels the world searching for investment and arbitrage opportunities).</p><p></p><p>He bought a business for $1.5 million that produces a $1.5 million profit <strong>per year</strong>. So, he makes a <strong>100% annual yield</strong> on his investment. This is not overly unusual, if you take the time to educate yourself, network, and search for such opportunities. People do it all the time when they buy internet businesses. By comparison, I am lazy. I spend 15-30 minutes per day sorting through emails (after spending years getting on suitable lists) searching for investments that provide a minimum of 20% to 30% annual yields. Only after weeding through the garbage do I take the time to travel and place boots on the ground.</p><p></p><p></p><p></p><p><a href="https://www.sovereignman.com/investing/common-sense-investing-wisdom-from-mr-miyagi-22867/?utm_medium=email&utm_source=sm_notes&utm_campaign=notes&utm_content=2018126_weak_dollar" target="_blank">https://www.sovereignman.com/investing/common-sense-investing-wisdom-from-mr-miyagi-22867/?utm_medium=email&utm_source=sm_notes&utm_campaign=notes&utm_content=2018126_weak_dollar</a></p></blockquote><p></p>
[QUOTE="Tail Gunner, post: 1167564, member: 2705"] I truly shake my head with sadness when I read such comments. Please, for the love of God, educate yourselves. Here is an excerpt from an article that I read [b]just yesterday[/b]. It is authored by Simon Black, with whom many members of this forum are familiar (because he is an offshore guru who travels the world searching for investment and arbitrage opportunities). He bought a business for $1.5 million that produces a $1.5 million profit [b]per year[/b]. So, he makes a [b]100% annual yield[/b] on his investment. This is not overly unusual, if you take the time to educate yourself, network, and search for such opportunities. People do it all the time when they buy internet businesses. By comparison, I am lazy. I spend 15-30 minutes per day sorting through emails (after spending years getting on suitable lists) searching for investments that provide a minimum of 20% to 30% annual yields. Only after weeding through the garbage do I take the time to travel and place boots on the ground. [URL]https://www.sovereignman.com/investing/common-sense-investing-wisdom-from-mr-miyagi-22867/?utm_medium=email&utm_source=sm_notes&utm_campaign=notes&utm_content=2018126_weak_dollar[/URL] [/QUOTE]
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The Secret To Attaining (and Recognizing) Wealth — Know Your Number
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