I was going through bidnessetc.com and I encountered a story about Mark Zuckerberg, I was really impressed to read about how he changed the social network and have taken it to a whole new level. His story is very inspiring and a true example of entrepreneurship. There are many such examples that have changed whole industries in which they were operating. People include Bill Gates, Steve Jobs and many others like that. There are people like this in financial sector as well. One of the most known names is Warren Buffet; he has a marvelous history and a very inspiring story. He bought first share at the age of 13 this shows his level of risk taking and interest. He was known as a mathematics genius since his childhood and he has used his skills very well in industry. There are many other inspirational stories about stock investors.
Charles Brandes is one of those personalities; he is partner at Brandes’ investments. He manages a global equity fund of up to 30% returns in 2013. He is known for his investments in companies which are undervalued and have strong fundamentals. Brandes is very trusted name and their investment in any company can give that company a quick jump. He now manages $27 billion in assets which is down from $120 billion in 2007.
Neil McCarthy is a research chemist and started investing in stock market at the age of 34 in 1970s. His net worth today is about $2.1 million. He has made a lot of money from changes in the market. When stocks went down he bought more. His contribution to IRA and 401k was to his maximum and also matched his employer 100 percent. He has a huge pay off in 1990s bull market when some of his stocks were doubled in about 3 or 4 years.
He was different form several investors in a sense that he avoided technology companies because they didn’t make any sense to him. He wasn’t even impressed by price-earnings ratio of 200 to 300 percent. This style save him a lot when the market crashed and many of the investors lost a lot of money. He was able to maintain his millionaire status even at that time. At the time of his retirement he took a lump sum a put that in an immediate annuity. He was able to earn a big payout because the interest rates started to fall right after that. He is very good investor and is example for all other investors. His life story is very impressive and offers a lot of learning to all new investors.
There are many other examples like these people who have changes the whole financial services industry. These people have also contributed to regulation of the industry, many of the new regulations are placed just because of these people and now the market is much more secure to invest that a few decades ago. More of similar stories are available at bidnessetc.com.