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2 mentions found


☆ The very rich are often bad investors. Here’s why
  + stars: | 2023-09-25 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
But there are only about 730 billionaires in the country, according to Forbes, and almost none of them inherited longstanding generational wealth. In fact, less than 10% of the current list of billionaires are descended from anyone on the first Forbes’ rich list, published in 1982. If you get the “What?” decision wrong and the sizing decision right, it’s still unfortunate and you’re going to lose money. Every year there’s going to be volatility — one year you’re going to be up 35% and the next year you’re going to be down 25%, but in the long term it will even out to 5%. The current walkout came close to beating the longest strike in WGA history, a 1988 strike that lasted 154 days.
Persons: New York CNN —, Forbes, Victor Haghani, ”, James White, Haghani, LTCM, CNN’s, it’s, you’re, Cornelius Vanderbilt, Chris Isidore, Oliver Darcy, Laura He Organizations: CNN Business, Bell, New York CNN, Forbes, Elm Partners, Term Capital Management, Federal Reserve, Vanderbilt, Writers Guild, Writers Guild of America, WGA Locations: New York, United States, Russia, Hollywood, China, Beijing
☆ 'A recipe for disaster': Seoul’s deadly crush was avoidable, experts say
  + stars: | 2022-11-03 | by ( Stella Kim | Mithil Aggarwal | Stella Kim Is An Nbc News Freelance Producer Based In Seoul. | ) www.nbcnews.com   time to read: +6 min
SEOUL, South Korea — The first warning came around four hours before the crush turned deadly in Seoul’s Itaewon neighborhood as revelers celebrated Halloween. Emergency workers aid victims of the crush in the Itaewon district of Seoul on Sunday. Two women console each other near a memorial outside a subway station in Seoul, two days after the deadly Halloween surge. Yoon said police have launched an internal probe into the officers’ handling of the emergency calls and other issues, including the on-the-spot response to the crowd surge in Itaewon that night. Noting that screams were heard over the phone, the transcript of the call says: “We are going to be crushed to death here.
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