It’s an idea that the richest and most powerful people in the business world almost never say out loud. But takeover king Wilbur Ross knows it. So does Herb Allen, the most exclusive banker in the world. And you can bet your boots that billionaire Warren Buffett knows what I’m about to tell you. In fact, he’s often said these are the types of deals he wants to pursue… #-ad_banner-#Here’s Wall Street’s dirty little secret: The best investments in the world — those with the biggest returns and some of the highest yields — are not listed on any stock… Read More
It’s an idea that the richest and most powerful people in the business world almost never say out loud. But takeover king Wilbur Ross knows it. So does Herb Allen, the most exclusive banker in the world. And you can bet your boots that billionaire Warren Buffett knows what I’m about to tell you. In fact, he’s often said these are the types of deals he wants to pursue… #-ad_banner-#Here’s Wall Street’s dirty little secret: The best investments in the world — those with the biggest returns and some of the highest yields — are not listed on any stock market. They’re privately held… According to an investing trade group report, as of June 2013, the private market outperformed the S&P 500 (including dividends) by 1.2 percentage points and 6.8 percentage points for five- and 10-year periods, respectively. From June 2003 to June 2013, the private market has averaged 15% annualized returns. And it’s not limited to just recent performance. A study by professors at Duke and Ohio State covering a period from 1984 through 2010 found that private market investors earned 18% more than the S&P 500. It’s proof that when it comes to investing, the rich really are… Read More