Renowned investor Christopher
Davis likes to quote his grandfather’s
observation about tough times: “You
make most of your money in a bear
market,” says Davis, “you just don’t
realize it at the time.” More than a
reminder to buy stocks when they’re
cheap, the point is that our actions
in the face of adversity make us
who we are. In our annual Success
Issue, we offer tools to help you
prosper in times of hardship.
Few successful men forged their
character in a tougher crucible than
Bedford-Stuyvesant, the drug-infested Brooklyn neighborhood
where Jay-Z grew from drug dealer to
CEO of a global business empire. In
“Not a Businessman…,” he explains
how he became a multimillionaire
without sacrificing authenticity.
While Jay-Z was dodging bullets
in Bed-Stuy, Nassim Taleb was
ducking mortar fire in Lebanon.
Philosopher, money manager,
and author, Taleb was known to a
relatively small circle of admirers
until his predictions of economic
collapse proved spot-on. In “Swan
Dive,” the father of two explains how
we got into this mess and suggests
ways to keep your nest egg safe.
For too many successful men, the
economic collapse has been more
than a wealth destroyer…it has been
a killer. In “The CEO Suicides,” we
report on the recession’s deadly toll
and offer tips for conquering stress.
One victim of the recession may
be the cult of consumerism that
led many of us to load up our credit
cards with the lust of a Lehman
trader buying up mortgage bonds.
We say RIP. The Best Life reader is
interested in value, and that’s what
we offer in “How to Buy…Anything.”
After all, stocks aren’t the only things
that are best purchased cheap.