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Seth's Blog: How to make money using the Internet# Connect advertisers to people who want to be advertised to.
# Connect job hunters with jobs.
# Connect information seekers with information.
# Connect teams to each other.
# Connect those seeking similar.
# Connect to partners and those that can leverage your work.
# Connect people who are proximate geographically.
# Connect organizations spending money with ways to save money.
# Connect like-minded people into a movement.
# Connect people buying with people who are selling.
Excellent timing: Face to Face with John Paulson - Pensions & InvestmentsThe beauty of shorting a bond is that the maximum you can lose is the spread over the benchmark; yet if the bond defaults, you can potentially make more. So it’s an asymmetrical risk-return tradeoff. In the case of subprime securities, we targeted the triple-B bonds, which are the lowest tranches in the subprime securitization.
In a typical securitization, you have 18 to 20 different tranches with the lowest … taking the first loss. The triple-B bond has about 5% subordination, meaning that if the loss is greater than 5%, the bond will be impaired. And if it’s more than 6%, the bond will be extinguished. The yield was only 1% over LIBOR (the London interbank offered rate) so by shorting this particular bond, if I was wrong, I could lose 1%, but if I was right, I could make 100%. The downside was very limited but it had very substantial upside, and we like those types of investments
3 Ways to Kill a Deal in China - Entering the Chinese Market - Entrepreneur.comGeneral Behavior
1. Keep hand gestures at a minimum. These can be distracting because Chinese rarely use body gestures while speaking.
2. Keep personal contact at a minimum--including hugging, slapping shoulders, etc., especially between a man and a woman. Shaking hands is OK.
3. Dress conservatively. Women shouldn't wear ultra-high heels.
4. In conversation, steer away from politics. If pressed for an opinion on a political or controversial issue, express your personal opinion, but acknowledge that it's not the viewpoint of the entire company.
