Showing posts with label self-made. Show all posts
Showing posts with label self-made. Show all posts

Sunday, May 17, 2020

Kylie Jenner, Paris Hilton & Self-Made meaning (Forbes)

Kylie Jenner self-made Billionaire on Forbes cover.
At 21, Kylie Jenner Becomes The Youngest Self-Made Billionaire Ever.

Yes, whether you like it or not, Kylie Jenner is SELF-MADE by definition. She built and financed her cosmetics company, Kylie Cosmetics.

Just below, there is the Forbes Self-Made scale. Which made perfect sense if you want my opinion.

Forbes Self-Made scale.

At the most basic level, the scores denote who inherited some or all of their fortune (scores 1 through 5) and those who truly made it on their own (6 through 10).

1: Inherited fortune but not working to increase it: Christy Walton

2: Inherited fortune and has a role managing it: Forrest Mars Jr., Laurene Powell Jobs

3: Inherited fortune and helping to increase it marginally: Penny Pritzker

4: Inherited fortune and increasing it in a meaningful way: Henry Ross Perot Jr., Donald Trump

5: Inherited small or medium-size business and made it into a ten-digit fortune: George Kaiser

6: Hired or hands-off investor who didn’t create the business: Meg Whitman

7: Self-made who got a head start from wealthy parents and moneyed background: Rupert Murdoch, Kylie Jenner

8: Self-made who came from a middle- or upper-middle-class background: Mark Zuckerberg, Katie Rodan

9: Self-made who came from a largely working-class background; rose from little to nothing: Eddie Lampert, Eren Ozmen

10: Self-made who not only grew up poor but also overcame significant obstacles: Oprah Winfrey, George Soros

Paris Hilton may not be a Billionaire but she is also self-made too, despite her family name and old money. Just like Kylie Jenner, Paris Hilton used her celebrity to build her own brand as the businesswoman she is. Not all born-rich famous for being famous celebrities successfully expand their brand. Just look at her sister Nicky Hilton Rothschild (yes, she married a Rothschild) who tried to do the same.

FYI, Paris Hilton only has a $5.6 Million inheritance. Nonetheless Paris Hilton net worth is $300 Million.

Paris Hilton and Kylie Jenner SELF-MADE.
Paris Hilton and Kylie Jenner SELF-MADE Girl Bosses.

Why so many haters? 

JEALOUSY. because Kylie Jenner and Paris Hilton have it all: Beauty, brain and a lot of moolah.

Health & Wealth


Sources and related links:

Tuesday, September 13, 2016

10 Habits of Self-Made Millionaires

Habits of Alpha Male Leaders.
10 Habits of Self-Made Millionaires

Habits of Alpha Male leaders. Learn to be an alpha male by applying the habits of alpha males and leaders in general. 

- See more at:

Monday, November 3, 2014

Jesse Livermore

Jesse Livermore
Stock Operator Extraordinaire

Born in 1877 and died in 1940, Jesse Livermore is the greatest trader / speculator who ever lived.  At his peak in 1929, Jesse Livermore was worth more than $100 millions.  He would have been richer than Bill Gates in today's money.  An unseen feat for a self-taugh / self-made stock and commodities trader who ONLY TRADED HIS OWN MONEY, not Other People Money like today investment's superstars who heads investment banks and hedge funds..  With Bernard Baruch, he was one of the original trend followers.

Loner, individualist, suffering from severe episodes of depression, probably bipolar disorders who eventually took his life, Jesse Livermore made and lost four colossal fortunes during his lifetime.  Make two of his fortunes during stock market crashes periods, in 1907 and 1929, short-selling stocks.  Which earned him $3 millions in 1907 and $100 millions in 1929.  While everyone was losing their shirt, the astute Jesse Livermore was on top of the world!

Unlike the miser Warren Buffett, Livermore was living the life.  At his peak, he owned a series of mansions in several countries, each fully staffed with about 20 or 25 servants year-round, a fleet of limousines and several Rolls Royce cars (my favorites), lot of chauffeurs, yatchs, and regularly threw lavish parties.

The second best book you can get! 

Jesse Livermore also had a ticker tape in every home that he owned, on his railway cars, on his yachts.

Jesse Livermore the womanizer
His affinity for hot gals cost him a lot of money.

The favorite book of Jesse Livermore 
and Bernard Baruch, another legendary trader.

Another one of Livermore's favorite book.

The 3 things that made him an extraordinary trader

- His love of numbers
- Determination to educate himself 
- Being a keen observer.

Now, here are some investment wisdoms from Jesse Livermore. 

- Emotional control (crucial and vital for any trader and gambler)
- Knowledge of economics and fondamentals
- Trade with the trends (Buy in a bull market and short in a bear market)
- Don't trade when there is no clear opportunities.
- Patience.  Let your profits run.
- Trade the leading stocks in each sector.
- Don't average down a losing position.
- Add to winning positions.
And in my view, the most important...
- Experience.  Learn from your mistakes.

"Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes."  - Jesse Livermore

"Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend." - Jesse Livermore

"It never was my thinking that made the big money for me. It always was my sitting." - Jesse Livermore


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