Between May and November 2007, Hurun Report surveyed 660 Mainland Chinese US Dollar millionaires, of which 104 have personal wealth of over US$10 million. For the fourth year running, surveys were carried out on a one on one basis, making this the largest and most authorative survey of its kind in China. The survey asked respondents for their ‘Preferred Brand’ from a alphabetical list of brands in each category together with an ‘Other’ option at the end for brands not covered in the list. For the Best Overall Luxury Brand, the question was open-ended. There were no options. The winner for each category was the brand with the most votes. Results compiled by Sinomonitor International, leading market researchers for China.

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Merrill Lynch recently on Aug 12, 2008, published Research Investment Committee Report or "RIC" (published on 08/12/2008) and Investment Strategy Update, by Chief Investment Strategist Richard Bernstein. The RIC report emphasizes that the global financial sector is under stress, and that the issues confronting the financial sector are not simply related to the "US subprime problem." and "patience will be well rewarded".

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 Paul Tudor Jones

72-year-old James Sinegal, as co-founder and CEO of Costco Wholesale Corp., is arguably the best CEO in highly competitive wholesale industry. Learn from him.

• Humility
• Simplicity
• Rewarding loyalty
• Embrace competition
• Focus on the bottom line

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"We promote almost 100 percent from within our company. We have guys who started pushing shopping carts out on the parking lot for us who are now vice presidents of our company," ~ Jim Sinegal

After watching the Beijing Olympics Open Ceremony live, Mr. Bill Gates went to Hong KongUniversity on 08/12/08 and gave a keynote speech “Innovating for the Next Decade”.   This was the first public speech Mr. Bill Gates gave after his transition out of a day-to-day role from Microsoft on July 1st.  During his speech, he talked about his opinions over the future of technology innovations and the four reasons that he and his wife, Melinda, endowed a foundation with more than $58 billions to support philanthropic initiatives in the areas of global health and learning.

Click on the titles above to read the transcripts of the speech. Sourced from Microsoft Research Asia website.

Former very successful hedge fund manager Michael Steinhardt Interview Video (07/08/2008) about the situation on the markets back in early July 2008. He was 100% right on the money. Since mid-July 2008 until now Aug 11, 2008, the US. stock market has rebounded sharply especially the financial stocks. He said correctly at that time that the biggest single factor holding back stocks is the high price of crude. He said he didn't see why the price is currently so high but that stocks are ready to move higher. "I believe the only way the market can go up in any significant way is if the price of oil goes down consequentially," he said.

He projected correctly that stock would rally due to dramatic correction in oil price which did happen afterward. Salute to Mr. Steinhardt!

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"I always used fundamentals. But the fact is that often, the time frame of my investments was short-term." ~ Michael Steinhardt

Morningstar's Pat Dorsey Weekly Wire (August 8, 2008) - Here is video of Pat Dorsey discussing Inflation, Fannie Mae, Freddie Mac and Oil Insights:

"Human beings can not survive unless they create provisions for their future." ~ Alan Greenspan, former Fed Chairman

I.O.U.S.A.: Live with Warren Buffett, Pete Peterson & Dave Walker in an exclusive one night event in select movie theatres nationwide. This event will include the critically-acclaimed documentary, I.O.U.S.A., and a LIVE discussion about America's economic crisis and what we can do to change course. 

Event date: August 21 , 2008 - Exclusive In-Theatre Event

The live discussion with America's most notable financial leaders and policy experts, including Warren Buffett, CEO of Berkshire Hathaway; William Niskanen, chairman of the CATO Institute; Bill Novelli, CEO of AARP; Pete Peterson, senior chairman of The Blackstone Group and chairman of the Peter G. Peterson Foundation; and Dave Walker, president & CEO of the Peter G. Peterson Foundation and former U.S. Comptroller General, promises riveting dialogue and keen insight into the crisis we currently face.

I.O.U.S.A. Movie Trailer

For more detail on this exclusive movie event and bonus movie reels, please click the title of this blog entry.

Share and forward this movie event to your friends and colleagues. I.O.U.S.A.: Live with Warren Buffett, Pete Peterson & Dave Walker is unprecedented and very timely movie for the current US economic condition that you do not want to miss!

"Chains of habit are too light to be felt until they are too heavy to be broken." ~ Warren E. Buffett

Video of George Soros, Chairman, Soros Fund Management LLC; Author, The New Paradigm for Financial Markets: The Credit Crash of 2008 and What It Means speaking at the Council on Foreign Relations on May 7, 2008 discussing the credit crunch. Presider: Sebastian Mallaby, Deputy Director of Studies, Director of the Maurice R. Greenberg Center for Geoeconomic Studies, and Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations.

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