Who’s the wealthiest man in the world right now? It was Bill Gate who was the wealthiest man in the world for 15 years straight. Bill Gate lost his title to Warren Buffet but then regain it this year after Warren lost $25 billion in shares with Berkshire Hathaway. The shares fell by $50% in a year. Warren Buffett is the second wealthiest man in the world with around $37 billion dollars in asset currenty. It used to be around $50 billion dollars. He’s brilliant investor. Warren Buffett works hard and he did it by investing in stocks. Warren might regain his title in the years to come when stocks rise again. Stocks fluctuate all the time.
The third richest man in the world is Carlos Slim Helu who is a telecom giant. He lost $25 billion recently according to Forbes. Telecommunication is essential. People need food, water, and then their cell phones. No one can go without their cell phones. If you ever wanted to invest in stocks, you should invest in telecommunication. Verizon Wireless is a really good company to invest in. People will always need to use their phones and their Internet. The basic needs are what made business succeed and investors succeed. The world used to have 1,125 billionaires a year ago but now they have 793 billions. This was due to the recent economic collapse worldwide. Most billionaires on the list were men. They were mostly business owners or investors. Wealthy people did it by doing business. They didn’t have a 9-5 job. If you want to make it big, you have to do business.
There are some companies that are still strong in this kind of economy and there are others that will collapse even in a strong economy. If you ever wanted to do business, you have to follow the model. The model is that you have to do business with products that are demanding. People have a high demands for the basic things like a home, food, water, clothing, phones, electricity, natural resource, oil, cars, and restaurants. If you do business that doesn’t fall under these categories then you might not be as strong as these competitors. If you’re going to compete in stocks, you should also invest in companies that will do well. Companies that have high demanding products won’t fall in a bad economy. Coca cola still stands very strong even though the economy is poor. This is because they provide the basic good that people need. Everyone needs to drink. Everyone needs to eat and everyone needs natural energy like electricity. These are the things to keep in mind if you’re investing or opening up a business.