I just published 2 videos on youtube.

They are "Video 0016    Aliko Dangote:  Richest Man in Africa"

Here is the link
https://www.youtube.com/watch?v=FyVyiTVOeQ0&t=5s

and "Video 0017   Aliko Dangote: 10 Lessons"
and here is the link
https://www.youtube.com/watch?v=Rr8bqEY2eoc

Most important Lesson I learned from Dangote

"WORK 18 HOURS A DAY"





Well, Dangote can do this cause he is only 59 year young.

Dangote is 29 years younger than Li Kashing, the Richest Man in Asia

Dangote is 21 year younger than Amancio Ortega, the Richest Man in Europe

I am 100% sure that among the richest self-made billionaires, nobody works as hard as Dangote

Dangote built his empire on Sugar, Flour and Cement





Now Dangote is venturing into Oil Refinery,  He is building a 10 square mile Oil Refinery near Lagos , to be completed in 2018, making this the largest oil refinery in Africa.  This oil refinery can easily triple in capacity and become the world's largest oil refinery.   Dangote Dream is Nigeria First, Africa First.  He is so young and energetic , time is on his side.

I just created another video on George Soros

Video 15  "14 Offense Trading Rules of George Soros" was just published on youtube

Please take a look

Here is the URL
https://www.youtube.com/watch?v=0AzPbA5GUvY

Some of George Soros' trading rules are crazy

E.g.   Invest First,  Investigate Later 
George Soros is the Father of Fast Investing  He often makes up his mind and put on a bet after 3 or 4 hours of study.    Just imagine the other Wall Street analysts putting hundreds of hours of research






















E.g. When you are right, be a pig, you cannot bet enough

Soros would pile up his position (that is what being a pig in Wall Street means).  He is not afraid of being slaughtered. 

Yesterday I published Video 0014 
    "Trade Secrets of George Soros: 5 Rules for defense"

Here is the link
https://www.youtube.com/watch?v=OuTiYM5S7ew


Here is a picture of George Soros -- the world's best trader and the richest man in Wall Street

We all know he made more than $1B profit from the Bank of England in 1992

But I discovered trading defensively is most important for survival

E.g. in 1987, George Soros lost $650 Million from Black Monday

If you think $650 million is a lot of money to lose.
In 1998, George Soros lost $2B in the Russian Financial Crisis,
he did not see the crisis coming and was caught unprepared

In any case,  Stanley Druckenmiller, who used to work for George Soros, said George Soros was best taking a loss.

And be careful, there are financial crisis or tsunami around,
take your loss or stay in cash if you see them coming

I just posted 2 videos on youtube.  They both are about Amancio Ortega, the Richest Self-made Billionaire in Europe.

He quit school at age 14 to work because his family was so poor, his mother was kicked out of the grocery store for bad credit.

Here is Rosalia Mera.  She was co-founder of Zara in 1975 with Amancio Ortega.
The couple divorced in 1986, but Rosalia kept 7% of Zara.
Rosalia Mera was the Richest Woman Self-made Billionaire in the world in 2013, when she died at age 69.  Her net worth then was more than $6B.

Zara is the biggest and fastest (yes no mistake here) fashion company in the world.

My first video is the brief biography of Ortega

Please click the URL below
https://www.youtube.com/watch?v=g9XHta1lrn4

We would have expected the Richest Man in Europe to come from Germany, Russia, France or UK.  But the Spaniard claimed top spot.

Rosalia was the richest
The second odd thing: 
My second video is on the 12 Lessons of Amancio Ortega

Please click the URL below
https://www.youtube.com/watch?v=g9XHta1lrn4

The speed of Zara is scary.  The average retail store has FOUR seasons; Spring, Summer, Fall and Winter.

Zara has 104 Seasons.   The delivery truck comes twice a week to the store and delivered a different season of Fashion.

Zara got most of  its fashion ideas by spying on catwalks of other Fashion Houses.

Here is how fast Zara operates.  From design taken from catwalk to the cash register at Zara takes only 2 weeks.  For most of the other fashion houses, the product cycle is 6 months.

So, Zara is not just a little faster than the competitors, Zara is about 10X faster.

Now, that is scary.  That is how Zara crushes the competitors

Yesterday I uploaded video 0007 to youtube

https://www.youtube.com/watch?v=PBj6ZyvqInM

The title is"  2 Paradoxes of Li Kashing"


As we all know, Li Kashing is the Richest Man in Asia.

He has been the richest man in Asia for most of the last 15 years.


The 2 Paradoxes are:
(1) Small Education,  Big Billionaire
He never went to High School.
Here is my Input-Out Table of Paradox One

(2) Small Country,  Big Billionaire
Here is my Input-Output Table of Paradox Two

I got the original idea of Economic Paradox from Leontief

Leontief is the winner of Nobel Prize in Economics in 1973.

I used his method of Input-Output Tables to come up with the 2 Paradox.

Here is an example of Input-Output Tables

Paradox is something that is not untrue, but cannot be explained in rational terms.

Are there other self-made billioniares with similar paradox?
Amancio Ortega, Richest Man in Europe, also never went to high school.
So he fits the Paradox "Small Education, Big Billionaire"

What about another Self-made Billionaire that fits both Paradoxes?

I have found another European, with no high school education, and who came from a small country.  His name is Ingvar Kamprad, founder of IKEA.
He comes from Sweden.  Sweden is a small country with 9 million population.

Here is a picture of Ingvar Kamprad

 Please subscribe to my youtube channel

I am going to put more youtube videos soon.

Thank you

And as usual, wishing everyone Peace and Prosperity

Yesterday I did Video 0005  How to trade like Jesse Livermore: Part 2: 7 Secrets of Money Management

https://www.youtube.com/watch?v=vqNuNXdDDSg&t=69s

Please use youtube link above to see the entire video











Here are some of his secrets
1.  Trend Following,  do not trade flat or directionless stocks, cause they tie up valuable trading capital

Here is an example of a directionless stock

Now, what is a stock with good trending?

About 10% of the stock exhibit good trending,  try Michael Kors , Symbol KORS yourself, plot the graph and see the triangular chart

Secret 2:  Is it a Bull Market or Is it a Bear Market?
Here I refer to Charles Dow, founder of Wall Street Journal 131 years ago.

Secret 3:  Ten Bucket Rule, divide your trading capital into 10 buckets, each commit equal amount
 
Secret 4:   For each bucket, set a 20% stop loss
 
Here is beginning of trading cycle

Here is end of trading cycle

Out of 10 stocks, the example shows you are right 30%,  wrong 30% and neutral 40%

The profit of being right = $30
The loss of being wrong = $6  (because of 20% stop loss)

Net Profit = $30 - $6 = $24

Just look at the green-highlighted part of second spreadsheet and it shows a profit of $24

Finally, just use common sense and the Pareto Rule
80% of your profit will come from 20% of your trade,
the secret is "Let the Winner Ride, Cut the Losers quickly"
and you ride up and down the trade triangle shown

As final tribute to the brilliant Italian Mathematicians

Yesterday I just did Youtube Video 0004   Chung Ju-Yung, Hyundai and the Rise of South Korea

https://www.youtube.com/watch?v=VVmTx4A62k4

Everyone knows what a Hyundai car is
Hyundai is the world's fourth largest vehicle manufacturer

Less known is Hyundai is also the world's largest ship building
and one of the largest overseas construction companies in the Middle East for the past 40 years

Every Korean knew the story of the runaway kid, born in North Korea, founder of Hyundai

He tried to runaway from home.  He failed the first time, failed the second time.  On his third attempt he stole the family cow, bought a train ticket to Seoul and never returned

60 years later, through hard work and determination, he became South Korea's richest man and he returned 1001 cows as donation to starving North Koreans

This is picture of Ulsan Shipyard, the largest in the world.

He started the dream of Ulsan Shipyard in 1970,  with
(1) no experience
(2) no capital
(3) no shipyard
he was rejected by Japanese firms.  He eventually secured funding from English banks.

He did something nobody had ever done: He would build his first ship and shipyard at the same time.
He accomplished both in 1974.
By 1980s, South Korea was #1 shipbuilding nation in the world

Chung Ju-Yung was one of the best entrepreneurs in the 20th century.

He did all these in the midst of World War Two and the Korean War.  He was bankrupt 3 times from the wars

His achievements are too numerous to name in 10 pages,  I will give 3 more pictures below

Chung built South Korea's first North South Highway, from Seoul to Busan,

He built the first Korean war for export.

He is a Nation-Building Self-made Billionaires

In 1953, right after the Korean War, South Korea was one of the poorest countries in Asia.

By 2001, when he died, South Korea had been transformed into a global industrial power.

More than anyone else, he was a good part of the Rise of South Korea