The world economy may be troubled, even in crisis in many areas, but don't tell that to the rich—luxury goods had a great 2011, thanks to all the new millionaires and billionaires, especially from the developing world, reports the Wall Street Journal. Sales at Prada were up 33.1%...
The Macau gaming boom behind the rise of two billionaire newcomers onto the 2014 Hong Kong Rich List unveiled by Forbes yesterday is attracting fresh investment money from another rich list member. International Entertainment, 75%... Read Post
"Somebody asked the other day what the world's best investment opportunity is, and when I told him he was visibly disappointed," said Rich Bernstein of Bernstein Advisors. Bernstein was talking about high-yield municipal bonds. Inve... Read Post