Young Black College Dropouts Raise $5M to Rival Ticketmaster With New Platform
Meet Avante Price and Eli Taylor-Lemire, two young Black entrepreneurs who dropped out of NYU to launch POSH, an online event management and ticketing platform.
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45 Great Moments in Black Business: No. 43 – Jesse Jackson’s Wall Street Project
Rev. Jesse Jackson launches the Wall Street Project to provide access for BE 100s financial firms to gain financial inclusion through engagement
Investing Lessons From a Billionaire
It’s one of the most basic ideas in investing: Diversify and spread risk along various asset classes or, in the case of equities, among different industries. But self-made billionaire investor and entrepreneur Michael Lee-Chin begs to differ. Taking a distinctly contrarian approach to investing, the founder and chairman of Portland Holdings Inc., a privately held investment company in Burlington, Ontario, argues that when looking at stocks, focusing on specific companies and industries trumps diversification any day. Lee-Chin also doesn’t try to read the tea leaves of economic indicators. “I didn’t create wealth by being a prognosticator,†he says. “I created wealth by finding businesses that are fundamentally sound and that have great business models that I understand and can buy inexpensively.â€
The Value Of Market Positioning
Stock market uncertainties, terrorist attacks, the ongoing war in Iraq, higher oil prices, and rising interest rates have caused money managers like Anthony G. Epps, CFP, MSFS to consider a...
Feeling the Pinch
The topic of most financial conversations changed in early February. Suddenly, all that investors were talking about was subprime lending. The shift came on the heels of announcements by HSBC...