Unfortunately, we live in an era where the ignorant dickhead is celebrated. The greater the ignorance or the more appalling the behaviour the more oxygen they are given. This is a sad consequence of the inevitable dumbing down of society at large and the rubbish fed to us by a media that is full of people whose sole academic training consists of doing a degree in media studies and spending all day on Facebook.
It is therefore wonderfully refreshing and uplifting to listen to someone who after a shocking start in life not only did something with their life but also dramatically changed the course of the lives of others. To my great embarrassment I had never heard of Dame Stephanie Shirley until she popped up automatically on my podcast playlist . What was a ten minute drive home became a 30 minute meander around the block whilst I listened to her 81 year old razor sharp mind and her remarkable story.
Click on the image below for the podcast.
Bloomberg has created an interesting graphic looking at the various market interventions undertaken by the Chinese government. The part to concentrate on is the number of actions taken to stem the decline – none of which seemed to have worked. My feeling has always been that markets will go int he direction they want to go and any government intervention is simply an attempt for politicians of all stripes to feel as if they are doing something useful rather than just taking up space.
This has been a tough week for the 0.01% out there.
For the world’s billionaires, this week is already proving rough. The Chinese stock market dropped 8.5 percent Monday, the biggest single-day decline since 2007, and the world’s 400 richest people lost about $124 billion collectively. Chinese billionaires lost more than $14 billion of their net worth Monday alone, while the Shanghai composite index dropped by another 7.6 percent Tuesday, Bloomberg reported.
Wang Jianlin, the richest person in Asia and chairman of the Dalian Wanda Group, was the hardest hit. He lost $3.6 billion Monday, more than any other billionaire. Of that, $2 billion was lost when shares of the Dalian Wanda Commercial Properties Co. sank 17 percent since going public in December. Another $1 billion in losses came from declines in the Wanda Cinema Line Co.
Bill Gates, the former Microsoft chairman, was the second-most affected person, losing more than $3.2 billion Monday. In Asia, billionaires in mainland China suffered the most, losing 6 percent of their total net worth.
More here – International Business Times
AMMO NYC is my new favourite YouTube channel. I am fascinated by this young blokes fastidiousness and professionalism. Every tradesman I have met for the past year has been the complete opposite – a total collection of fuckwits who are incompetent beyond belief. This gives me hope that out there are people who know what they are doing.