Meet Joe Carlen, who has written an intriguing biography of Benjamin Graham, the economist who influenced Warren Buffet, Irving Kahn, and other famous financial figures. Carlen, author of The Einstein of Money, and a business consultant himself, speaks to Doug on this weeks episode of the Goldstein on Geltshow about Benjamin Graham and his philosophy. How do Graham’s theories affect investors and the financial world today? Find out by listening to this fascinating interview.
Posts Tagged ‘investments’
Straight from the Jerusalem Boardroom #175.
1. “Israeli defense exports for 2012 are expected to show an increase, despite the global economic crisis…. Israeli defense exports for 2012 may cross the $7 billion line…. 10% to 15% higher than 2011 exports, though it will not match the peak of more than $7.5 billion recorded in 2010…. A substantial effort is currently under way to increase sales mainly in countries such as India and several other countries in Eastern Asia, South American countries, Australia, Africa and Canada, where Israeli defense exports have recorded a growth trend” (IsraelDefense, Dec. 31, 2012). Israel is ranked between fourth and sixth in the world for weapons sales. The U.S. and Europe are Israel’s leading markets.
2. “Microsoft CEO Steve Ballmer said that even though there is only one Silicon Valley, ‘Israel is among the second tier of innovative places’ — akin to Microsoft’s hometown, Seattle…. Ballmer said that “the range of innovative things that Israel is doing is remarkable. There is such a wide scope of exciting things going on here. Israel is a start-up center, and there is always something to challenge us there, or one that we can acquire.’ A number of MS technologies are ‘Made in Israel,’ Weisfeld explained in a previous interview: These include Microsoft gateway VPN technology; Microsoft Security Essentials anti-virus suite; and the newest product, the recommendation system for Xbox systems…. Israel was the first Microsoft R&D center outside the US, which opened in 1991. Today, the company has centers around the world, but… there are only four places in the world where the R&D centers get involved in general and innovative projects: the US, China, India, and Israel” (Times of Israel, Nov. 5, 2012).
3. The Swiss-based Institute for Management Development (IMD) has ranked the Bank of Israel in the top five among central banks for its efficient functioning in its 2012 World Competitiveness Yearbook for the third year in a row. The report also ranked Israel’s economy 9th highest for its durability in the face of the global financial crisis (http://bit.ly/Xf6Cr9).
4. The $110BN Cisco acquired Israel’s IntuCell for $475MN, Cisco’s 11th Israeli acquisition, including NDS which was acquired in March, 2012 for $5BN (Globes, January 24). Israel’s Keryx BioPharmaceuticals raised – on NASDAQ – $70MN, its 4th IPO (Globes, Feb. 4). Israel’s MedGenics raised $29MN on NASDAQ (Globes, Feb. 11). DKPartners hedge fund joined York Private Equity, investing $55MN in Elbit Imaging bonds (January 24).
5. In 2012, 575 Israeli high-tech companies raised $1.92 billion from local and foreign investors, a 10 percent decrease from $2.14 billion raised by 545 companies in 2011 (Israel Venture Capital Research Center). The Georgia-based EndoChoice merged with Israel’s Peer Medical, raising $43MN in a round of private placement led by Sequoia Capital(MarketWire, January 4). Benchmark Capital, Battery Ventures and HPV Investmentinvested $16MN in Israel’s Panaya (Globes, Jan. 9). Sequoia Capital, Bessemer Venture Partners and Norwest Venture Partners invested $15NM in a round of private placement by Israel’s Ravello (Globes, Feb. 7). The NYC-based Millennium Technology Value Partnersinvested $12MN in Israel’s WatchDox (Globes, 31). Orbimed invested $8MN in Israel’s Medigus (Globes, Jan. 7). $5.5MN invested in Jonathan Medved’s OurCrowd (Globes, Feb. 7).
6. Israel’s natural gas potential. Jonathan Baron and Dr. David Wurmser, (Forbes, September 27, 2012): “With in excess of 25 trillion cubic feet of natural gas discovered since 2009, Israel now enjoys historic opportunities to produce domestic, affordable, and secure energy…. Under any realistic scenario, Israel possesses ample supplies to ensure energy security in the power sector for a generation…. The well-established pattern of such development suggests that the natural gas discoveries to date represent only a fraction of the total recoverable resource. Based on other basins, current discoveries in the Israeli Levant Basin likely are only a fraction of the total technically recoverable resources….”
7. Kinetic Energies – Alternative Electrical Energies, owned by Isaac Sutton, leads a 250MN Euro investment in the construction of 120 megawatt 50 wind-turbines in the Golan Heights (Globes, January 24).
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When you make a charitable donation, do you just mail a check and forget about it, or do you care how the organization uses your donation?
How can you best ensure your hard-earned funds are being properly used by a charitable organization? While it seems to make sense that organizations use their money wisely, how can the donor be sure the organization is putting donations to the best possible use?
First of all, it’s always a good idea to check the credentials of a charity before you give and make sure it is really genuine. Is it important to you if the organization has a tax-deductible status?
However, even when the charitable cause is genuine, the money that you are donating may still not necessarily go to the right place due to downright inefficiency. Charities are run by idealistic people, but are they also business-minded? Even though the directors may be honest and hardworking, they may still not be putting the donations to the best use. They may be doing great work – but with a little business or financial guidance they could be doing even better.
I was once involved with a donor who sponsored the purchase of several hundred library books for a school in Israel. Months later, the donor arrived at the school expecting to see a fully-stocked library (or at least the empty shelves if the students checked out all the books). They were disappointed to find cartons of books sitting in the corner. They were told, “We bought the books with the money you gave, but had no money to build bookcases.” Needless to say, the donor was shocked that they hadn’t approached him earlier, for he surely would have sponsored bookcases too! After all, without them, his donation was useless.
For this reason, if you are thinking of making a significant donation to a particular organization, consider employing the services of a family office to oversee the donation. A family office carries out due diligence into the activities of non-profit organizations on behalf of the philanthropist. This work is extremely useful to both the donor and the recipient. The donor has peace of mind of knowing that the money given is being used for the intended cause in the best possible way, while the charity gets a chance to efficiently further its mission.
Indeed, this was the happy ending of the library story. The donor hired a family office to oversee the library, from the construction of bookcases until the books reached the hands of the students.
Stress and money often go together, especially during the winter months. This week, therapist, educator, and life coach Diane Lang returns to the Goldstein on Gelt show to share her insights on stress and money. Why is money such a cause of tension in the home? And does it really need to be? According to Diane, positive psychology and optimism are important skills that can turn your life around. Listen to her interview on this week’s show to find out how to develop them.