By W. Randall Jones
Secretly, if no longer brazenly, virtually each person in the United States wants to develop into wealthy: to make it sizeable, to benefit from the end result of the main winning existence that you can imagine. yet regrettably, such a lot folks don't have a clue easy methods to achieve those all too elusive objectives. readily, there's no definitive street map for buying there, no confirmed plan, and definitely little or no entry to those that became "the richest guy in town."
But now W. Randall Jones, the founding father of worthy journal, is ready to alter all that. He's traveled to 1 hundred varied cities and towns around the nation and interviewed the wealthiest resident in every one. No, those are usually not these those who inherited their wealth, or ensue to be a CEO of a Fortune 500 corporation. fairly, those are the self-made kinds who, via exertions and ingenuity, stumbled on their very own person paths to monetary success.
Remarkably, in the course of his study, Jones stumbled on that those winning humans weren't so assorted from each other. all of them shared a few of the comparable features and what the writer calls the Twelve Commandments of Wealth: remain hungry (even while you're profitable) . . . you actually do research extra from failing than you might imagine . . . totally be your personal boss, the earlier the higher . . . remember that promoting is the foremost to luck . . . the place you reside doesn't topic . . . by no means retire, and different, extra stunning revelations.
Practical, precise, and encouraging, this publication permits you to peek contained in the dwelling rooms of dozens of the US 's so much profitable people-and exhibits the way you, too, can develop into THE RICHEST guy on the town.
Read or Download The Richest Man in Town: The Twelve Commandments of Wealth PDF
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Extra resources for The Richest Man in Town: The Twelve Commandments of Wealth
Then began a slow-motion version of a short seller’s nightmare. Over the next 36 months, no matter what damaging revelations surfaced—subpoenas, missed earnings estimates, or more evidence of fraud—PolyMedica’s shares continued to rise. The company’s CEO, Steven Lee, resigned without explanation. The stock hit $24. A federal study found abuses in the test kit industry.
Today, Asensio won’t disclose the terms of the settlement. Evergreen CEO Mark Sexton was fired the next month, and the company filed for bankruptcy liquidation in January 2012, its K-Fuel dreams up in smoke. PolyMedica’s reputation was already in tatters by the time Asensio & Company issued its first research report on the Woburn, Massachusetts company in October 2001. A year earlier, Barron’s had reported that the Federal Bureau of Investigation was investigating PolyMedica for possible Medicare fraud, and the stock lost half its value.
Though he doesn’t like to talk about it, short selling has made Asensio wealthy; he keeps an apartment on Manhattan’s eastside and a luxury apartment in Miami, and dines at the finest steakhouses. He collects the artwork of contemporary Cuban artists like Alexis Leyva Machado and when in South Florida zips around on a classic 1979 BMW R65 motorcycle. But to hear Asensio tell it, uncovering fraud is less a career than a cause—part of the eternal struggle between right and wrong. “Morality is important to me,” says Asensio.