“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0)20 7831-0575 Fax: +44 (0)20 7831-5208

Slides:



Advertisements
Similar presentations
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Advertisements

Z/Yen Group Limited 90 Basinghall Street London EC2V 5AY United Kingdom tel: +44 (20) “When would we know our financial system is working?” Long.
Original Power Point By Richard Thetford Edited with additions of scriptures/etc Jack Wheeler – Clovis Ca.
Social Class: The Structure of Inequality
Lesson 13: Street Crime and White Collar Crime and the Prison Industrial Complex Social Problems Robert Wonser.
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Any act that is labeled such by those in authority, prohibited by law
The winning and losing nations (or Sunrise, Sunset and Serendipity – time to start dropping BRICs) Sixth Gresham Lecture Douglas McWilliams Mercers School.
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Economics Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up.
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
© Z/Yen Group 2010 “New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Chapter 11: Gaming Entertainment
A luxurious world where everything is included 24/7 60 Columbia Way, Suite 300, Miami Beach, Florida. Phone:
Investing for retirement The Anti Free Lunch Bob BlackLife401.com Three parts 1.Bad and Ugly 2.Tools 3.Portfolio.
© Z/Yen Group 2014 Z/Yen Group Limited 90 Basinghall Street London EC2V 5AY United Kingdom tel: +44 (20) “When would we know our financial system.
1 Bernard Droux Chairman Geneva Financial Center.
GENERAL INSURANCE Formed under Act.,1972..
Suffolk Business Month Insurance & AXA in Suffolk
How to make Western economies more competitive Fourth Gresham Lecture Douglas McWilliams Mercers School Memorial Professor of Commerce at Gresham College.
Aim: Why were the late 1800’s referred to as the “Gilded Age”?
Gambling Quiz. Gambling Quiz At what age are young people allowed to buy a national lottery ticket?
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
The Seven Myths of Prospect Research. Why avoid the Seven Myths? Cheaply Effectively Efficiently Strategically Accurately Productively Calmly.
© Z/Yen Group 2010 Z/Yen Group Limited Risk/Reward Managers 5-7 St Helen’s Place London EC3A 6AU United Kingdom tel: +44 (20) Professor Michael.
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
© Z/Yen Group 2010 “New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Investment Scams By: Adam Majka. What is investment fraud? Investment fraud is the use of false advertisement to get investors to purchase what seems.
Industrialization & Political Machines Age of Prosperity (for some)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Never too old to be Virgin
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Walker: Exploring the Hospitality Industry. © 2008 Pearson Education, Upper Saddle River, NJ All Rights Reserved. Chapter 13 Gaming Entertainment.
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Essentials Of Business Law Chapter 3 Criminal Law Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Hertfordshire Trading Standards Scams Susie Helliwell Trading Standards Officer.
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Ch 4-2 pg.177 In 1856, Henry Bessemer developed a new process (the Bessemer process) to make stronger steel at a lower cost in England.
 Human capital is everything and anything that helps people be more productive like education, training, skills, and health  When investment is made.
“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)
Unit 2—Chapters 3 – 4 Industrialization and Progressivism CSS 11.1, 11.2, ,
Expansion of Business Bessemer Process- Faster and cheaper (more efficient) way to make steel. More railroads and more buildings First steel skyscraper.
Zonguldak Chamber of Commerce and Industry. Zonguldak with Figures ZONGULDAKTURKEY City Rural Area Total
Finance and Fiscal Policy Chapter 13. Learning Objectives 13.1 Assess the fairness of Texas’s budgeting and taxing policies. 13.2Describe the sources.
Big Business. A. How to divide the money 1.Capitalism – Private business runs most of the industries and competition sets the prices. 2.Socialism – The.
 Role of financial markets (see 1.1.5)  Market failure in the financial sector (see 1.3) Role of central banks.
Any act that is labeled such by those in authority, prohibited by law. And punishable by the government.
The Rise of Big Business Chapter 3 Lesson 3. Robber Barons were accused of being just plain greedy unfair business practices, being above the law, abusing.
Industrialization & Political Machines
Impacts of Oil Price Changes Korea Development Institute
Crimes against Property
Chapter 5 Industrialization
Research and Development Tax Credit and Claim in UK
Lesson Starter Britain is an unequal country. Some argue it is getting worse. What evidence is there of this? What are the consequences of this?
Gambling Quiz Gambling Quiz.
Mercers’ School Memorial Professor of Commerce Michael Mainelli
Technology and Greed at Its Best
ประกาศกระทรวงอุตสาหกรรม ฉบับที่ 5292 (พ.ศ. 2562)
Introduction to economics
Presentation transcript:

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0) © Gresham College 2008 Mercers’ School Memorial Professor of Commerce Michael Mainelli How To Get Ahead In Commerce The Sure-Fire Ways To Make Money

© Gresham College 2008 Outline “Get a detailed grip on the big picture.” Chao Kli Ning Wise guys A rich taxonomy Fortune favours the lucky Getting rich through failure Front-running bubble style Money machines Owning the casino

© Gresham College 2008 How To Get Ahead In Commerce

© Gresham College 2008 Sincerity Personified

© Gresham College 2008 Sincerity Certified

© Gresham College 2008 Ponzi Numbers Game ,000 10,000 1,000,000 10,000, ,000,000 1,000,000,000 10,000,000,000

© Gresham College 2008 Do You Sincerely Want To Be Rich?

© Gresham College 2008 Get Rich Taxonomy Go ! Criminal frauds swindles Ponzi schemes pyramid schemes forgery & counterfeiting tax evasion embezzlement robbery & theft corruption price-fixing

© Gresham College 2008 What You Know or Who You Know? Go ! Criminal Hard WorkSmart Work

© Gresham College 2008 Successful Habits £780,043£155,832£49,960£24,769 Mean value for group £351,137£99,727£35,345£5,093 Entry level for group 42,000421, Million 29.5 Million Number Top 0.1 % (or the "very,very rich) Top 1 % to 0.1% (adults) Top 10% to 1% (adults) All Taxpayers [Source: “Racing Away? Income Inequality And The Evolution Of High Incomes”, Institute for Fiscal Studies, IFS Briefing Note Number 76 (January 2008)

© Gresham College 2008 Sunday Times 2007 UK Rich List 1 Lakshmi Mittal and family £19,250m - Steel 2 Roman Abramovich £10,800m - Oil and industry 3 The Duke of Westminster £7,000m - Property 4 Sri and Gopi Hinduja £6,200m - Industry and finance 5 David Khalili £5,800m - Art and property 6 Hans Rausing and family £5,400m - Packaging 7 Sir Philip and Lady Green £4,900m - Retailing 8 John Fredriksen £3,500m - Shipping 9 David and Simon Reuben £3,490m - Metals and property 10 Jim Ratcliffe £3,300m - Chemicals 11 Sir Richard Branson £3,100m - Transport and mobile phones 12= Charlene & Michel de Carvalho £3,050m – Inheritance 12= Sean Quinn and family £3,050m - Quarrying, property and insurance 14 Simon Halabi £3,000m - Property, health clubs 15 Kirsten and Jorn Rausing £2,825m - Inheritance and investments 16 Joe Lewis £2,800m - Foreign exchange, investments 17 Earl Cadogan and family £2,610m - Property 18 Nadhmi Auchi £2,575m - Finance, property and hotels 19 Vladimir Kim £2,261m - Mining 20 Bernie and Slavica Ecclestone £2,250m - Motor racing

© Gresham College 2008 Fortune Favours The Lucky Go ! Criminal Luck inheritance sex lotteries gambling Hard WorkSmart Work

© Gresham College 2008 Getting Rich Through Failure Go ! Criminal Luck Hard WorkSmart Work Scarcity & Competition Information Asymmetries ExternalitiesAgency Problems

© Gresham College 2008 Barking Up The Right Tree “It’s a dogwood tree. I can tell from the bark.”

© Gresham College 2008 Getting Rich Through Bubbles Go ! Criminal Luck Hard WorkSmart Work Scarcity & Competition Information Asymmetries ExternalitiesAgency Problems Front- Running

© Gresham College 2008 Front-Running Bubble Style [William Hogarth, The South Sea Scheme, 1721]

© Gresham College 2008 Getting Rich Through Magic Go ! Criminal Luck Hard WorkSmart Work Scarcity & Competition Information Asymmetries ExternalitiesAgency Problems Front- Running Money Machines

© Gresham College 2008 Black Box Machines Mark Bump

© Gresham College 2008 Money Machines

© Gresham College 2008 Get Rich Taxonomy Go ! Criminal Luck Hard WorkSmart Work Scarcity & Competition Information Asymmetries ExternalitiesAgency Problems Front- Running Money Machines

© Gresham College 2008 Greed, Fear, and a Little Gas [Source:

© Gresham College 2008 Discussion 1. When should we let third parties invest our money, ignoring tax advantages? 2. Do regulatory and professional safety costs genuinely offset caveat emptor, or just take our money?

© Gresham College 2008 How To Get Ahead In Commerce: The Sure-Fire Ways To Make Money Thank you! “Get a big picture grip on the details.” Chao Kli Ning