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MAKE MONEY BLOG$ ~ Federal Reserve Chairman Ben Bernankeaddressed a crowd of economists, finance professionals and media at New York‘s Princeton Club Friday afternoon, reflecting once again on the causes of, and response to, the 2008 financial crisis.
He’s clearly trying to expand internationally. And then also, investing in industries like railroads. The largest investment, by far, he has ever made was buying Burlington Northern, a company where he said, I think at the annual meeting, “We thought railroads were a terrible business
We like, once again, those countries with large enough domestic populations, a dynamic and diverse domestic economy. Turkey, one of our favorite markets right now. Turkey finds itself between Iraq and a hard place with Europe on one side and Iraq on the other
David Riedel is the president of Riedel Research Group, a firm dedicated to boots on the ground research in international markets. Recently, he sat down with Steve Forbes to talk about emerging markets, myths regarding investing abroad and areas of opportunity. Video and a transcript of their conversation follows.
Soon after the tragic news broke of the passing of Steve Jobs,Apple co-founder and innovator extraordinaire, people began wondering what would become of his fortune. Forbes recently estimated Jobs’ wealth at $7 billion.
Last week, Steve Forbes sat down with Ron Baron, founder of Baron Capital Group and member of the FORBES 400. They spoke about the economy, small-cap companies in which Baron is investing and Baron’s time-tested investment approach. Video and transcript of their discussion follows.
Steve Forbes recently sat down with former New York City Mayor Rudy Giuliani to discuss the 10th anniversary of the 9/11 attacks on New York and Washington, his lingering outrage and what America needs in a president today. This is the complete transcript of that conversation.
Mitchell: Obviously there are people, my husband included, that would like to go out on the golf course. But the question is partly an ability to retire early.
Forbes: Now, part of making that happen is the word “leadership.” Where in the world is leadership in Europe, where somebody steps up and says, “Hey, let’s get realistic about this and restructure”? And, as you say, have a pro-growth strategy so the borrower can maybe pay you back.
Forbes: So you wouldn’t give high marks to Dodd-Frank?
Rhodes: Well, I think it’s not even clear how it’s going to be implemented. I think that’s one of the questions today. We still don’t know, a year later –
Forbes: Was one of the mistakes of Ireland – and I ask this because before the crisis on paper, their debt was highly reasonable, 25-35% of GDP. They had already started to do some austerity.
Forbes: You also make the point on demographics — and you get into farmers on this — that, age 60, you think, “Boy, I better go short term, retirement looms.” You make the point that most people are probably going to live another 20 or 30 years. You better think equities.
Steve Forbes: Michael, good to have you with us. Before we begin the interview: Investors Think Twice, great book. Especially chapter 8, “Sorting Luck From Skill,” which we’ll get to in a moment and will be the basis of a new book yet to come.
Steve Forbes: Marc, thank you for joining us. Before we get to your specialty area of low-priced stocks, which you have very real definitions of — not all are the same — you make a very intriguing point.