Reading several reports over the past quarter illustrates that many pundits have miss-timed the market. This is due to several new inputs not seen in past markets or recoveries. This...
Many people are talking about the income gap between the have and the have-nots. Having real data provides meaning to the observations sited as fact by many pundits. Catey Hill from MarketWatch wrote an interesting article using real data to clarify many interesting features such as
- There is 1 billionaire for every 3 million people
- 56% have net worth between $1 – $2 Billion; less than 5% are worth more than $10 Billion
- US has the most quantity of Billionaires followed by China then UK
- Top 4 Universities attended by Billionaires: University of Pennsylvania, Harvard, Yale, University of Southern California
- 55% of Billionaires were self-made, they created their own fortune
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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