Top 10 industries where becoming a billionaire is possible?

Looking forward to the future of business

Do you have the skills?  Do you have anything to invest in these?

PHilippines top 10 richest

Looking forward to the future of business

This isi is good for Philippines.   Their achievement inspires many Filipinos, creates more jobs, and lift up PHL GDP.

One is amazed that one family's wealth is in to trillions, and effect on the economy and total assets of their empire runs in to 20 trillion  Bigger than PHL budget

Will you be one via the hard legit way?   Or you will just be govt supplier/contractor?  Or be a congressman?

This post wants to correct that it is Joseph McMicking who pushed up Ayala to the next level -  from pulot making to becoming a real estate and conglomorete power house.   One who was former politician had somewhat shady background in creating his real estate empire..

Casinos rake in billions; would you invest in one if you are moneyed tycoon?

Looking forward to the future of business

Casinos rake in billions and many tycoons have bet on casinos and hotels:   Razon, Gokongwei, Andrew Tan, Pineda.  Philippines is now tops in terms of number of casinos berating Singapore and Macau in 

If you had money to invest  in  a casino?

This post, espousing entrepreneurship, creating from zero to one, disdains this type of activity  destroying one to zero.   Casino is gambling and this destroys assets and estate.   There are losers and winners.   It promotes poverty and loss of job.  We saw adverse living conditions (and near collapese of Atlantic City) and Las Vegas.  

Entrepreneurship, a hard thing to do, creates wealth;  casino destroys wealth.   Casino gambling spawns other crimes:   money laundering, loan sharking, prostitution, hold ups, kidnapping.   

We hae seen incidents of suicide and broken families in PHL due to casino addiction (there are also on online gambling addiction) Casino is bad the same way POGO is considered bad.

This post objected to a business game that included lotto as one of thte activities as this is contrary to a legit business model.

Would you like a casino be put up in our place or invest in a casino?   I do not subscribe.  Do you?

AI time for robotics has come of age

Looking forward to the future of business

In my recent travel abroad this post witnessed the invasion of AI in various aspect of travel:

1.  E gov registration of traveler for Immigration and Customs thus speeind up the process and lessening long queu at the airport

2.  Restaurants self service seating/reservation and ordering system.

3.  Couple this with swieapable Octupus payment (debit card) system.

4.  Riding a bus /train with swipeable currency.  

5.  We have heard of hotels that do not have front desk.   You can check in and check out without personnel.   Everything is via computers.

We just do not know the effect on jobs and employment

What happened to GE?

Looking forward to the future of business

In the 90s it was the darling of other executives of corporation.  The rise (fall) of GE was authored by JackWelch.   He was a business icon.

Now we know that GEs growth was misdirected and somehowe the followers were scammed.   The industrial giant became an unfoccussed giant.   GE thus grew from $18 b when Welch took over to over $400+.  It was all over the place:    health care, consumer finance, insurance, energy, light bulb, jet engines, railroad, power gen.   etc.   

It may have sapped management energy and focus.  Worst of all, iit was disclosed that to pursue acquistion, employees were"yanked"  The money saved fro wages was used for acquistion.

Thus when Welch left, he left shell companies, devoid of human resources.  Wtih nothing to continue acquisition, GE stood still and evenually declined.

The big blow came in 2008 when there was the financial crisis and its huge consumer finance debt required a huge bail outl.   GE was forced to stop paying dividends and sell off subsidiaries.   And GE no longer was its usual self under Welch.

Yesterdays heroes can be today's villain.  And Welch no longer engyoys the adulation he used to get from his followers.

Bitcoin is a hyped up fraud - Jaime Dimon of JP Morgan

Looking forward to the future of business

Many still believe in it.  But J Dimon the world's top banker think it is a hyped up fraud.     

The interviewer should have allowed the interviewee to speak frely

Interview with Jamie Dimon of JP Morgan on bitcoin

Changing landscape in the auto industry

Looking forward to the future of business

Peter Drucker made GM as the example of corporate management in this book Effective Executive. But now GM is not even a shadow of its old self,  European and  US brand Chrysler have consolidated under the name Stellantis.   And now they are facing lay offs.  

Even VW thought to be invicible with its strong bandas like Audi and Porsche is closing down plants.

Why?

It has something to do with the search for zero emissions.    What is the next big bet   The industry is de emphasizing Interanl Combution engine.  

And thus favors:

1.  Tesla and BYD with EVs, 

2.  Toyota for the hybrid 

3.  Toyota and Hyundai for the fuel cell.

Thus in the local setting, we see more investments in dealership of BYD and Tesla.    What happens to the huge investment for dealership and sales offices of ICE?   The emphasis has shifted.    

IN the next decade or so, we see different new players for automotive industry.  There will be loser and winners.   

It does pay to ask the question :   what will be the industry  10 -20 years from now.    You better make your investment in the right direction/trend.   

Todays winners may end up tomorrow's loser.   However, we do not need a crystal ball, We can see the trends.