Spaniard Amancio Ortega is one of the wealthiest people in the world and founder of the world’s largest fashion clothing retailer, Zara.

Spaniard Amancio Ortega is one of the wealthiest people in the world and founder of one of the world’s largest fashion clothing retailers, Zara. Spaniard Amancio Ortega is one of the wealthiest people in the world and founder of one of the world’s largest fashion clothing retailers, Zara. Zara’s fashions are based on runway attire but sold at prices the average person can afford.
Inditex Group designs, manufactures, distributes and sells its own products in 6,829 stores around the world. Amancio Ortega founded the Inditex Group in 1963, which owns Zara and other men’s and women’s retail apparel, footwear and home textiles businesses. When his first wife passed away in 2013, their daughter, Sandra Ortega Mera, inherited 89% of her mother’s wealth, becoming Inditex’s second-largest shareholder and the richest woman in Spain.

Amancio Ortega

Benjamin Graham was an influential investor who is regarded as the father of value investing.

Benjamin Graham was an influential investor whose research in securities laid the groundwork for in-depth fundamental valuation used in stock analysis today by all market participants. Benjamin Graham noted that due to the irrationality of investors, including other factors such as the inability to predict the future and the fluctuations of the stock market, buying undervalued or out-of-favor stocks is sure to provide a margin of safety, i.e. room for human error, for the investor. According to Graham and Dodd, value investing is deriving the intrinsic value of a common stock independent of its market price. Graham points out that instead of relying on daily market sentiments which are run by investor’s emotions of greed and fear, the investor should run his own analysis of a stock’s worth based on company’s reports of its operations and financial position. Although Benjamin Graham died in 1976, his work lives on and is still widely used in the twenty-first century by value investors and financial analysts running fundamentals on a company’s prospect for value and growth.

Benjamin Graham

A billionaire is an individual who has assets or a net worth of at least one billion currency units such as dollars, euros, or pounds. 

World's Billionaires 30th Anniversary: Looking Back on Three Decades of Billionaires

The Countries With the Most Billionaires 2021

The term billionaire refers to an individual with assets or a net worth of at least one billion currency units in their native currency such as dollars, euros, or pounds. The term billionaire refers to an individual with assets or a net worth of at least one billion currency units in their native currency such as dollars, euros, or pounds. Jeff Bezos, founder and former chief executive officer (CEO) of Amazon, ranked the highest on the magazine's list with a total net worth of $177 billion. China follows with 626 billionaires, India with 140 billionaires, Germany with 136 billionaires, and Russia with a total of 117 billionaires. A billionaire is someone who has assets or a net worth of at least one billion currency units in their native currency.

Billionaire

Camouflage compensation is pay and/or benefits granted to upper-echelon employees that may not be disclosed clearly in mandatory company filings.

Camouflage compensation refers to pay and/or benefits granted to upper-echelon employees and senior executives that are obscured in nature or may not be disclosed clearly in mandatory company filings. Some types of camouflage compensation include non-qualified deferred compensation plans, supplemental executive retirement plans (SERPs), stock options, stock appreciation rights, and share grants—all potential places where compensation can be hidden from analysts and shareholders. It published the following findings related to camouflage compensation:
It tends to reward executives for reporting high earnings but fails to require the return of such compensation if earnings were misstated. Given the huge growth of executive compensation over the past few decades, camouflage compensation has gotten the attention of regulators, investors, and academics and calls have been made to reform the practice. In some cases of camouflage compensation, the compensation is fully disclosed but in such a way that it is very difficult for the average investor to decipher the true value of an individual's gross pay package.

Camouflage Compensation

Charlie Munger is the vice chair of Berkshire Hathaway Corp., the diversified company chaired by renowned investor Warren Buffett.

The Superinvestors of Graham-and-Doddsville

Charlie Munger is the vice chair of Berkshire Hathaway Corp., the diversified company chaired by renowned investor Warren Buffett. In 1962, Munger founded and worked as a real estate attorney at Munger, Tolles & Olson, now a renowned law firm. Charlie Munger is the vice chair of Berkshire Hathaway Corp., the diversified company chaired by renowned investor Warren Buffett. As of May 2021, Munger had an estimated net worth of $2.2 billion, according to _Forbes_.
Munger was born in Omaha, Neb., in 1924. Although Munger is better known for his association with Buffett, he ran an investment partnership of his own from 1962 to 1975.

Charlie Munger

David Einhorn is a hedge fund manager known for his short selling strategy. 

David Einhorn is the president and co-founder of Greenlight Capital Inc. The day after Einhorn released his suspicions to the public, Allied Capital's share price fell 20%, earning Einhorn a solid win on his short position. Some were skeptical as to why Einhorn chose not to embrace high-growth stocks and have withdrawn their investments.
Younger investors often question Einhorn's strategy. Einhorn had a short position in Allied Capital, and at the time he publicly claimed that the firm deceived its shareholders by cooking its books and inflating the price of their assets. _The Wall Street Journal_ wrote that of Greenlight's $5.5 billion in assets under management, less than $3.5 billion belong to outside investors, while some investors say Einhorn personally holds $1 billion in the fund.

David Einhorn

A "fat cat" is a slang term for an executive or industry leader who earns an exorbitant salary.

Schedule 14A: Transdigm Group Incorporated

Wall Street Gets the Flak, But Tech CEOs Get Paid All the Money

The term "fat cat" is a slang description of executives who earn what many believe to be unreasonably high salaries and bonuses. In addition to any executive position or board memberships the individual may hold, a fat cat may also possess considerable influence in social, community, political, and business communities. For example, if a fat cat were to use his or her sway to compel suppliers not to do business with a rival in order to force them out of business, such actions could draw the attention of regulators. Elon Musk is another notable example of a fat cat, ranking as the highest-paid tech CEO, raking in an astounding $595.3 million in pay for 2020, despite Tesla's nearly $1 billion loss for fiscal year 2019. The influence and leverage a fat cat might exert can stem from tangible activities, such as becoming an investor in early-stage companies and startups.

Fat Cat

The Fortune 500 is a yearly list of 500 of the largest US companies ranked by total revenues for their respective fiscal years.

History of the Fortune 500: Light Bulb for Business

The term Fortune 500 refers to a list of 500 of the largest companies in the United States compiled by _Fortune_ magazine every year. The new list continued to include companies from the original manufacturing, mining, and energy sectors, but it also included service companies for the first time.﻿﻿﻿ The change greatly impacted the future of the Fortune 500 list.
For example, service companies made up 291 of the 500 entries that year. Private companies that don't file financial statements with government agencies, foreign corporations are excluded, as are American companies consolidated by other companies and those that neglect to report full financial statements for at least three quarters of the current fiscal year.﻿﻿﻿ The term Fortune 500 refers to a list of 500 of the largest companies in the United States compiled by _Fortune_ magazine every year. The Fortune 500 is an annual list of 500 of the largest US companies ranked by total revenues for their respective fiscal years.

Fortune 500

Born in Vienna, Austria, in 1899, Friedrich Hayek was a famous economist known for his numerous contributions in economics and political philosophy.

Friedrich Hayek is a famous economist born in Vienna, Austria, in 1899. Friedrich Hayek is the co-winner of The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (the Nobel Prize for Economics) in 1974. He spent most of his academic life at the London School of Economics (LSE), the University of Chicago, and the University of Freiburg.
One of Hayek's key achievements was his book _The Road to Serfdom_, which he wrote out of concern for the general view in British academia that fascism was a capitalist reaction to socialism. Social theorist and political philosopher Friedrich Hayek and his colleague Gunnar Myrdal each won the Nobel Prize in Economics in 1974. A World War I veteran, Hayek later said his experience in the war and his desire to help avoid the mistakes that ignited the war drew him into economics.

Who Was Friedrich Hayek?

A gorilla is a company that has managed to dominate an industry or sector without necessarily achieving a monopoly. 

A "gorilla" is the term used to describe a company that dominates its industry but does not necessarily have a complete monopoly. In business, a gorilla's huge size means that competitors must carefully consider the gorilla's potential reactions to certain business decisions. A gorilla does not need to have an official monopoly within an industry to dominate its competitors; however, its broad dominance in the industry may lead many people to view the situation as a de facto monopoly. While not an actual monopoly, because of its size and influence, a gorilla may be considered a de facto monopoly since competitors are sidelined. The use of the gorilla term is a reference to the fact that an 800-pound gorilla can essentially do whatever it wants.

Gorilla

Henry Paulson served as the 74th U.S. Secretary of the Treasury and gained international acclaim with his solution to the mortgage crisis of 2008. 

Henry M. Paulson, Jr., Secretary of the Treasury

Closing Statement by Secretary Paulson at the Fourth Meeting of the U.S. China Strategic Economic Dialogue

Blueprint for a Modernized Financial Regulatory Structure

UPDATE 1-U.S. to Present Trade Pact Partners With Changes Soon

Henry Paulson, the 74th Secretary of the U.S. Treasury, served under President George W. Bush between July 2006 and January 2009. Though his dealings with the financial crisis color Paulson's time as Treasury Secretary, he also helped improve U.S. economic relations with China during his tenure. Paulson led the U.S. response to the financial crisis along with Ben Bernanke, the Federal Reserve chair at the time. Before his tenure as Secretary of the Treasury, Henry “Hank” Paulson, Jr. worked for Goldman Sachs for 32 years, including his time as the chair and chief executive officer. Paulson's successful career in banking has, however, been almost entirely overshadowed by the fact that he joined the Bush administration as Treasury Secretary a year before an unprecedented financial market meltdown.

Henry Paulson

The Icahn Lift is the name given to the rise in stock price that occurs when investor Carl Icahn begins to purchase shares in a company. 

Carl C. Icahn Issues Statement Regarding Herbalife Nutrition

The Icahn lift is the name given to the rise in the price of a stock that occurs when professional investor Carl Icahn begins to purchase shares in the underlying company. Over the years, Icahn's caused major movements in stock prices among companies including RJR Nabisco, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, Uniroyal, Dan River, Marshall Field, E-II (Culligan and Samsonite), American Can, USX, Marvel, Revlon, ImClone, Fairmont, Kerr-McGee, Time Warner, Yahoo!, Lions Gate, CIT, Motorola, Genzyme, Biogen, BEA Systems, Chesapeake Energy, El Paso, Amylin Pharmaceuticals, Regeneron, Mylan Labs, KT&G, Lawson Software, MedImmune, Dell, Herbalife Nutrition, Navistar International, Transocean, Take-Two, Hain Celestial, Mentor Graphics, Netflix, Forest Laboratories, Apple, and eBay. The Icahn lift is the name given to the rise in the price of a stock that occurs when professional investor Carl Icahn begins to purchase shares in the underlying company. The “Icahn lift” refers to the upward effect on the share price of a company that investor/activist shareholder Carl Icahn buys into. The Icahn lift occurs because of Mr. Icahn's reputation for creating value for the shareholders of the companies in which he takes a majority or a sizeable stake.

Icahn Lift

Ingvar Kamprad was the billionaire founder of Swedish furniture store giant IKEA.

From child entrepreneur to IKEA founder: the story of Ingvar Kamprad’s early years

Snapshots. The history of the IKEA brand at a glance

Ingvar Kamprad was the founder of Swedish retailing giant IKEA, one of the world's most recognized brands known for stylish, functional and affordable furniture. One of his most prescient moves was structuring IKEA within a controlling trust that uses holding companies to own and operate various business functions.﻿﻿ IKEA does allow some franchising, but a large amount of its business is managed directly through the trust, including its manufacturing and distribution arms. IKEA did not pivot towards furniture until 1948, after seeing it become an increasingly profitable revenue stream.﻿﻿﻿﻿ Kamprad sourced furniture from local designers, and helped develop the flat-pack system for transporting ready-to-assemble products that could be picked up easily in store or transported by truck. He began with mail order sales of small items such as wallets, picture frames and ballpoint pens.﻿﻿﻿﻿﻿﻿ The IKEA name derives from Kamprad's initials (**I**ngvar **K**amprad), the name of the farm on which he was raised (**E**lmtaryd) and the name of his home village (**A**gunnaryd). Born into humble beginnings, Kamprad founded IKEA as a direct import and mail order business at the age of 17.

Ingvar Kamprad

Julian Robertson is a legendary investor known as the “Wizard of Wall Street” and the “Father of Hedge Funds.”

Julian Robertson: A Tiger in the Land of Bulls and Bears

Investing Diary: Left Holding the Bag on U.S. Airways Stock

Archives: Julian Robertson Closing Letter to Investors

Tiger Cubs, the Next Generation: Meet Chase Coleman’s Proteges

Julian Robertson is an American investor and former hedge fund manager best known for founding Tiger Management in 1980, which grew to be one of the most prominent hedge funds of its generation.﻿﻿ Robertson's firm, Tiger Management, closed in 2000 following a period of poor performance, but many of his proteges who worked for the fund have went on to become successful hedge fund managers in their own right. Julian Robertson is an American investor and former hedge fund manager best known for founding Tiger Management in 1980, which grew to be one of the most prominent hedge funds of its generation.﻿﻿ Robertson closed the doors at Tiger in 2000 and has since been active in mentoring younger hedge fund managers, and philanthropic ventures focusing on higher education and medical research. During the 1980s and the early 90s, Robertson was often referred to as the “Father of Hedge Funds” and the “Wizard of Wall Street.”
Julian Robertson was born in Salisbury, North Carolina, in 1932 and graduated from the University of North Carolina in 1955.

Julian Robertson

The Katie Couric clause is a slang term for a proposed 2006 SEC rule that would have required firms to disclose the pay of non-executive employees. It was not adopted.

Executive Compensation and Related Person Disclosure

Katie Couric Says She's Leaving ‘Today’

Dodd-Frank Wall Street Reform and Consumer Protection Act

FDIC Advanced Notice of Proposed Rulemaking Regarding Incorporating Employee Compensation Criteria Into the Risk Assessment System

Table of Contents
What Is the Katie Couric Clause?
Understanding Katie Couric Clause
Current SEC Compensation Rules
Special Considerations The clause, which was ultimately not adopted, would have expanded on existing executive compensation rules, requiring companies to disclose the pay of up to three of the highest-paid non-executive employees at a company. The Katie Couric Clause was a slang term used to describe a proposed Securities and Exchange Commission rule regarding the disclosure of executive compensation and the compensation of other select employees. The Katie Couric Rule was not adopted by the SEC in 2006, but new regulations concerning the disclosure of information concerning executive compensation were required as a result of the 2010 Dodd-Frank financial reform legislation, which was enacted after the fallout from the 2008 credit crisis. If the Katie Couric clause had been adopted, companies would have had to disclose total compensation of up to three non-executive employees whose pay exceeds that of any of its top five managers.

Katie Couric Clause

Lewis Ranieri is a former bond trader and former vice chair of Salomon Brothers who is credited with introducing securitization to the financial world. 

Lewis Ranieri (b. 1947) is a former bond trader and former vice chair of Salomon Brothers who is credited with popularizing the concept of securitization​ to the financial world. Lewis Ranieri was well known in financial circles for his primary innovation of securitization and his lobbying efforts that saw the MBS become a critical financial instrument for the real estate market, but he was not publicly well known until the movie _The Big Short_ (based on the Michael Lewis book by the same name; no relation) highlighted his financial innovation and its role in the mortgage meltdown. These new mortgage-backed securities (MBS) helped Ranieri attract a larger crowd of investors, taking the mortgages off the banks' books and allowing them to issue fresh mortgages as the existing ones were sliced up and sold off. Ranieri reflected the blame for his role in the crisis back upon Wall Street and the lenders for abusing the system of securitization to create subprime loans and teaser rates that almost guaranteed a homeowner would default long term. Lewis Ranieri (b. 1947) is a former bond trader and former vice chair of Salomon Brothers who is credited with popularizing the concept of securitization​ to the financial world.

Lewis Ranieri

A company with the largest market share in an industry that can often use its dominance to affect the competitive landscape and direction the market takes.

A market leader is a company with the largest market share in an industry that can often use its dominance to affect the competitive landscape and direction the market takes. Competitors that seek market leadership status may invest heavily in market research and product development, and then use consumer information to develop attributes that improve an existing product.
Market leaders may be able to leverage economies of scale to control market prices. A market leader is a company with the largest market share in an industry that can often use its dominance to affect the competitive landscape and direction the market takes. A market leader typically enjoys the largest market share or the largest percentage of total sales in a given market. Despite having the most market share, it could be the case that the company's total expenses, including product R&D, manufacturing costs, marketing costs, etc., are too high to make the company the most profitable among its competitors.

Market Leader Defintion

Michael Bloomberg is a billionaire businessman, publisher, and philanthropist, and a former mayor of New York City.

Forbes World's Billionaires List, The Richest in 2020

Michael Bloomberg Joins Crowded 2020 Democratic Field

Bloomberg Buys BusinessWeek From McGraw-Hill

Michael Bloomberg to Endorse Clinton at Democratic Convention

Michael Bloomberg Will Spend $80 Million on the Midterms

Michael Bloomberg to Spend $80 Million to Help Elect Democrats: NYT

FEC Form 3P, Report of Receipts and Disbursements, Mike Bloomberg 2020

Media Mogul Bloomberg Enters U.S. Presidential Race, Takes Aim at Trump

Bloomberg Bows Out of Presidential Contest But His Money Will Stay

Michael Bloomberg is a billionaire businessman, publisher, and philanthropist, and a former three-term mayor of New York City. It also includes the business news cable channel Bloomberg Television, Bloomberg Radio, and a monthly magazine, _Bloomberg Markets_. This company grew into what is today Bloomberg LP, a financial data and media company headquartered in New York City with offices in 100 cities around the world. Bloomberg is the founder and owner of Bloomberg LP, the financial data and media company. Michael Bloomberg is a billionaire businessman, publisher, and philanthropist, and a former three-term mayor of New York City.

Michael Bloomberg

Often credited with developing the junk bond market, Michael Milken also engaged in practices that led to his arrest.

Statement from the Press Secretary Regarding Executive Grants of Clemency

#213 Michael Milken. Real-Time Net Worth

Michael Milken is a philanthropist and current chair of a nonprofit think tank called Milken Institute. Milken was an executive at investment bank Drexel Burnham Lambert during the 1980s and used high-yield junk bonds for corporate financing and mergers and acquisitions. Early in his career, Milken saw an opportunity to leverage junk bonds, also known as high-yield bonds. founded the nonprofit Milken Family Foundation and the Milken Institute, an economic think tank that hosts conferences around health, politics, media, and culture. Michael Milken is a philanthropist and current chair of a nonprofit think tank called Milken Institute.

Michael Milken

Micky Arison is the chair of cruise operator Carnival Corp. Arison also bought the NBA team, the Miami Heat, in 1995.

Micky Arison is the former CEO and current chair of cruise operator Carnival Corp (CCL). Carnival's brands currently include Carnival Cruise Lines, AIDA Cruises, Costa Cruises, Cunard Lines, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn Cruise Lines. Arison has led Carnival through the acquisitions of several other cruise lines, including Holland America, Seabourn, Cunard, Costa Cruises, and Princess, which expanded the company into the luxury cruise market and gave it approximately a 50% market share. Micky Arison was born in Israel in 1949 and dropped out of college in Miami to start working in the sales department at Carnival, which was founded by his father, Ted Arison, in 1972. Carnival operates as a dual-jurisdiction corporation, with a U.S.-based unit (Carnival Corporation) and a U.K.-based unit (Carnival Plc.) operating in conjunction as a singly entity.

Micky Arison

A mogul is an individual who has been very successful in business and has become very wealthy as a result.

A mogul is defined as a person who possesses a great deal of power, influence, or wealth. The term mogul is often used when referring to major historical figures who were business magnates during the late 19th and early 20th centuries, including the following:
Andrew Carnegie in the U.S. steel industry
John D. Rockefeller in the oil industry Moguls might also be called business magnates, barons, tycoons, or captains of industry, while the term media mogul is often applied to a person who dominates or controls a large media enterprise. In contemporary times, well-known moguls include Donald Trump for real estate; Sir Richard Branson for airlines and telecommunications; Jay Z for media and the music industry; and Warren Buffett for business and finance. Moguls commonly exercise a great deal of influence in the political, economic, and social spheres, often providing large sums of money to political candidates, new business ventures, and charitable causes.

Mogul

A monopolist is an individual, group, or company that controls the market for a good or service. Monopolists often charge high prices for their goods.

A monopolist is an individual, group, or company that controls all of the market for a particular good or service. The hallmark of a monopoly is a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to excessive profit. This lack of competition and lack of substitute goods or services means the monopolist wields enough power in the marketplace to charge high prices. A government-granted monopoly or legal monopoly, by contrast, is sanctioned by the state, often to provide an incentive to invest in a risky venture or enrich a domestic interest group. While being the sole or dominant player in a sector is not illegal in itself, it can attract government sanctions if the monopolist's behavior begins to drastically limit the free market.

Monopolist

Morganization refers to monopolization techniques used by J.P. Morgan in the nineteenth century.

Morganization is the name given to monopolization techniques used by investor and banking mogul J.P. Morgan in the 19th century. By the end of the 19th Century, the steel industry had overtaken railroads as the most important U.S. industry, with massive new companies organized and capitalized to satisfy the growing demand for steel for use in the construction of new buildings, bridges, factories, and railroads. The goal of U.S. Steel was to vertically integrate all phases of steel production from ore acreage and coal mines to blast furnaces, steel mills, finishing mills, and every manner of transportation of steel goods, from barges to railroad lines. Morgan reinvented how monopolies can be created by eliminating competition through buying up smaller companies, decreasing prices until the competitors went bankrupt trying to compete, buying up the bankrupt competitors to cover more ground in a market, and slashing the workforce behind the company while reducing wages. Morgan eventually took control of three major industries: railroads, electricity, and steel—and his dedication to efficiency and modernization revolutionized American business.

Morganization

Muriel Siebert was a pioneer for women in the world of finance, well known for being the first woman to own a seat on the New York Stock Exchange. 

Muriel "Mickie" Siebert (1928-2013) was the first woman to own a seat on the New York Stock Exchange (NYSE) and was known as "the first woman of finance." Muriel Siebert was the first woman to own a seat on the New York Stock Exchange. Siebert was also a women's rights advocate and philanthropist, spending much of her free time and money to aid women and minorities through advocacy within the financial service industry as well as charitable endeavors. In 1990, Siebert started the Siebert Entrepreneurial Philanthropic Plan, which donated half the profits from new securities underwriting deals her company handled to charities chosen by issuers. In 1977, Siebert was named superintendent of banking for the State of New York, the first woman to hold that post.

Muriel Siebert

The Oracle of Omaha is a nickname for Warren Buffett, chair and CEO of Berkshire Hathaway, who is arguably one of the greatest investors of all time.

Bloomberg Billionaires Index: Warren Buffett

The Oracle of Omaha is a nickname for Warren Buffett, who is arguably one of the greatest investors of all time. He is called the Oracle of Omaha because the investment community very closely follows his investment picks and comments on the market, and he lives and works in Omaha, Nebraska.
Billionaire Warren Buffett (who lives and works in Omaha, Nebraska) is known as the Oracle of Omaha, a nickname he earned as one of the world's most successful and closely followed investors. On May 1, 2021, the vice chair of Berkshire Hathaway, Charlie Munger, unofficially announced that Warren Buffett would be succeeded as CEO by Greg Abel when the 90-year-old Buffett eventually steps down. Warren Buffett was born in Omaha, Nebraska, in 1930 to Howard and Leila Buffett. The Oracle of Omaha’s quote, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price,” sums up his investment philosophy.

The Oracle of Omaha

Peter Lynch is one of the most successful and well-known investors of all time. Lynch is the legendary former manager of the Magellan Fund.

Peter Lynch is one of the most successful and well-known investors of all time. Lynch is credited with inventing the price-to-earnings-growth (PEG) ratio, which helps investors determine whether a stock is inexpensive given its growth potential, along with other stock valuation methods popular with value investors. Lynch thinks individual investors can perform well by investing in what they know and by getting to know a company, its business model, and its fundamentals. In 1977, Lynch took over the Magellan Fund, a small, aggressive capital appreciation fund created in 1963 that held mostly domestic investments. One of Lynch’s first successful investments was in an air-freight company called Flying Tiger, which helped him pay for graduate school.

Peter Lynch

Philip Fisher was an acclaimed investor known for writing the book Common Stocks and Uncommon Profits. 

Philip Fisher (1907-2004) was a widely acclaimed investor and author, known for writing the book _Common Stocks and Uncommon Profits_. Philip Fisher was a 20th-century American investor who authored the book _Common Stocks and Uncommon Profits_ and founded his own investment firm, Fisher & Co., in 1931. Philip's son, Ken Fisher founded the renowned investment management firm Fisher Investments in 1979. Fisher recommended targeting businesses for investment that had growth orientation, high profit margins, high return on capital, a commitment to research and development, a superior sales organization, a leading industry position, and proprietary products or services. Fisher's investment philosophy was simple on its face: Purchase a concentrated portfolio of companies with compelling growth prospects that you understand very well and hold them for a long time.

Philip Fisher

A robber baron is a term from America's Gilded Age attributed to any successful businessperson whose practices are considered unethical or unscrupulous.

A robber baron is one of America’s successful industrialists during the 19th century, which was also known as the Gilded Age. Many so-called robber barons—James J. Hill, Henry Ford, Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller—became wealthy entrepreneurs through product innovation and business efficiency. A robber baron is a term used frequently in the 19th century during America's Gilded Age to describe successful industrialists whose business practices were often considered ruthless or unethical. Included in the list of so-called robber barons are Henry Ford, Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller. A robber baron is one of America’s successful industrialists during the 19th century, which was also known as the Gilded Age.

Robber Barons

Sir John Templeton was one of the most successful investors and mutual fund managers of the 20th century. He retired to a life of philanthropy in 1994.

Sir John Templeton was a legendary investor and mutual fund manager who founded the Templeton Growth Fund. Sir John Templeton was a legendary investor and mutual fund manager who founded the Templeton Growth Fund. Templeton founded the legendary Templeton Growth Fund, which he sold to Franklin Resources in 1992. Templeton opened what would become his family of mutual funds in 1954 when he launched the Templeton Growth Fund. Templeton’s other great quality as an investor was the contrarian tendency that helped him identify value stocks regardless of overall trends in a market.

Sir John Templeton

George Soros is a hedge fund manager who is widely considered to be one of the world's greatest investors.

Table of Contents
Early Life and Education
Notable Accomplishments
Soros' Investment Style
George Soros FAQs More recently, Soros has been vocal about the precarious future of the European Union in the wake of Britain's 2016 vote to leave the union and the continuing refugee crisis that has brought millions of Middle Eastern refugees to Europe. George Soros is a legendary hedge fund manager who is widely considered to be one of the most successful investors of all time. George Soros rivals Warren Buffett for the title of most successful investor of all time.

Who Is George Soros? What Is He Known for?

A sponsor can be a range of providers and entities supporting the goals and objectives of an individual or company. 

Blockchain startup Digital Asset raises $40 million

$40 Million: Digital Asset Holdings Closes Series B Fundraising

A sponsor can refer to a range of individuals or entities that support the goals and objectives of some other individual or organization. Sponsors, for instance, invest in private companies, create demand for publicly traded securities, underwrite mutual fund shares for public offerings, issue exchange-traded funds (ETFs), or offer platforms for benefits, and so on. Plan sponsor benefits can include a wide range of offerings for employees including retirement savings plans, pension plans, financial wellness plans, and more. In the context of exchange-traded funds, the fund manager or other entity who files the needed regulatory materials with the SEC to create the ETF is considered the sponsor. The plan sponsor can work with various entities to provide a comprehensive benefits plan.

Sponsor

Steve Cohen is the founder of the now-defunct SAC Capital Advisers, and as of 2018, his net worth was $14 billion.

Bloomberg Billionaires Index: #228 Steve Cohen $10.2B

Investment Advisers Act of 1940, Administrative Proceeding File No. 3-15382, IN the Matter of Steven A. Cohen, Respondent

Steven A. Cohen (b. June 11, 1956) is an American investor and hedge fund manager. Cohen's flagship hedge fund, SAC Capital, was shut down following allegations of insider trading, and the fund was forced to pay nearly $2 billion fines. Stephen A. Cohen is an American billionaire hedge fund manager and investor known for employing high-risk, high-reward trading strategies. Betting against the companies earned him a profit of $276 million.
In 2012, the SEC indicted Mathew Martoma, a former SAC Capital portfolio manager on charges of insider trading. Following the demise of SAC, Steve Cohen was prevented from professionally managing investor money until 2018; at that point, he opened Point72 Asset Management.

Steve Cohen

A tycoon is a prominent figure in a particular industry who has built up substantial wealth and power while building their business empire.

A tycoon is a prominent figure in a particular industry who has amassed substantial wealth and power while building a business empire. Tycoons have traditionally been associated with steel production, railroads, oil, and mining, but more modern tycoons have been closely associated with technology and Internet companies. The term tycoon is less negative than the term robber baron, which was applied to many tycoons because of abusive business tactics. These include industrial tycoons whose businesses peaked later, like Henry Ford, as well as some of the earlier tycoons like rail magnate Cornelius Vanderbilt and the proto-tech entrepreneur Thomas Edison. Tycoons were both popularized and demonized during the Gilded Age, a term coined by Mark Twain to describe the period after the Civil War that saw the rise of the robber barons and America's first large multi-national companies.

Tycoon

An upstart is a person who has increased suddenly in financial success or fame and is arrogant about it.

An upstart is a person who has risen in social rank and/or economic status, but who has yet to be widely accepted by other individuals in the newly found social and economic class. Especially if the new position requires the upstart to manage or lead people, this change can be disastrous if the upstart does not have the skills needed to do well in the new position, while still having an inflated attitude about being in the new position. An upstart refers to a person who has had a sudden rise to a new class or status but lacks the social skills and grace that would be appropriate to the new position. An upstart is a person who has risen in social rank and/or economic status, but who has yet to be widely accepted by other individuals in the newly found social and economic class. The upstart, who has quickly risen in economic status, has yet to learn the social skills necessary to be accepted by other people in their new class.

Upstart

William Cavanaugh III is the former Lead Director on the Board of Directors of the Duke Realty.

William Cavanaugh III is an American businessman with a long history of leadership positions in the energy production and real estate industries. William Cavanaugh III is best known as the CEO of Carolina Power & Light (CP&L), which later became Progress Energy.
During his tenure at CP&L and later Progress Energy, Cavanaugh opposed deregulation of the energy industry because he didn't see how the move would make energy companies both more profitable and better for customers. At Entergy Cavanaugh served in executive leadership roles at three of the firm’s electric utility subsidiaries: Arkansas Power & Light, Louisiana Power & Light, and Mississippi Power & Light. After retiring from Progress Energy, Cavanaugh served as chair of the World Association of Nuclear Operators, an international association of nuclear power plant operators that is dedicated to promoting the safe exploitation of nuclear energy. Cavanaugh retired from Progress Energy in 2004, and since then he has held positions at energy industry groups like the World Association of Nuclear Operators.

William Cavanaugh III

A well known bond investment manager, William Gross founded Pacific Investment Management (PIMCO) and turned it into a fixed income giant.

Legendary bond investor who founded Pacific Investment Management Company (PIMCO), the largest bond fund in the world as of 2014. In 2014, he made the list of self-made billionaires and powerful people in the United States according to _Forbes_.
Bill Gross has three kids and is married to Sue Gross. Much like popular investment gurus in the financial world who are market movers and shakers, an investment by Bill Gross made public would impact the financial market. Bill Gross left PIMCO in September 2014 to manage a smaller fund with Janus Capital Group. From learning about risk at the gambling tables to creating spectacular returns from his fixed income investments, Bill Gross is also a successful stamp collector.

Bill Gross

William J. O’Neil is a noted investor, stockbroker, and author. He is known for being one of the first investors to incorporate computers into his research and investment decision-making process.

News Corp Announces Acquisition of Investors Business Daily

William J. O’Neil is a noted investor, stockbroker, and author. O’Neil also founded the influential investment publication _Investor’s Business Daily_.
O’Neil has published the highly acclaimed books _How to Make Money in Stocks_ and _24 Essential Lessons for Investment Success_.
William O'Neil is an investor, author, and publisher of _Investor's Business Daily._ After starting a career as a stockbroker in 1958, and while at Harvard Business School, O'Neil invented the CAN SLIM strategy, a bullish formula for determining which stocks were likely to grow. While at Harvard Business School, O'Neil invented the CAN SLIM strategy, a bullish formula for determining which stocks were likely to grow, and became the top-performing broker at Hayden Stone. In 1984, O'Neil made research from his database available in print form with the launch of _Investor's Daily (IBD)_, a national business newspaper.

Rich and Powerful

More in Business

Terms in Rich and Powerful