For close to 200 years, Portugal was a global superpower. Throughout the 15 th and 16 th centuries, the Portuguese explored the world, traded globally, and established territories on multiple continents including Asia, Africa, and South America.
I knew the world had gone mad when I saw this CNBC headline: “Live in this Silicon Valley man’s tent… for $900 a month.” The backstory here is that a man set up a tent in his parents’ backyard and listed it on Airbnb.
“We wanted flying cars, instead we got 140 characters.” Those words were written in 2011 by Peter Thiel, the billionaire co-founder of PayPal and Palantir (PLDR), and the first outside investor in Facebook.
Editor's Note: Wayne is traveling for the rest of this week. So today, we'll be re-publishing a timely article from our archives — be sure to read it in its entirety!
With all the negative headlines lately about inflation, the economy, and the stock market, you might be inclined to just put your head in the sand and tune everything out. Maybe you’re tempted to turn off your TV, shut down your computer, and ignore your financial advisor’s phone calls.
In terrifying markets like we’re experiencing today, the wealthy have always found smart ways to protect and grow their wealth. For example, they invest in luxury apartments in New York or London, or bars of gold.
Elon Musk sure knows how to make money — for himself, and for his investors. For instance, he co-founded PayPal (PYPL), which is now worth nearly $100 billion.