Month: April 2013

  • Capitalist vs industrialist

    Recently watched a few episodes of "innovators of America" on the History channel, and am definitely hooked (if only I can spare those hours every Wednesday night).

    Anyhow, it's really funny how history was made. In this part of the world, riches were made following generally the steps of manufacturing/services to real estates to finance. while some of these business founders remain their focus in one stage rather than divesting, in the end, most if not all family businesses became private conglomerates with smaller operational force, and more liquid assets; with operational businesses sold or listed on the public exchange.

    I am not sure if this is the same path I want my family to go through as I am still pondering on the pros and cons, i am not sure my kids will want my businesses nor do i want to force them to do something they don't want to do. anyways, maybe this is a bit too early for my retirement planning, but I wonder, how will the life of a financier be differ from a business operator? Do I want to leave a legacy?