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For all the hype Silicon Valley gets, the companies of the world's 2 richest people are in the Seattle area.
Kind of hard to build hype if your two main talking points are 20+ and 40+ year old companies.
Earlier quoted context omitted.
Assuming 27 years of 10% compounding is quite the leap.
Since 1990 (27 years ago) McDonald's has returned 10.87%, including the Internet Bubble and Subprime Mortgage crashes. March 30, 1990: $7.38 March 29, 2017: $128.84 I am not saying it'll be Bezos, but someone will get there within the next 2-3 decades. [edit] And while I'm at it, AMZN has returned 36%, annualized, over the last 10 years, encompassing the Subprime Mortgage crash.
For all the hype Silicon Valley gets, the companies of the world's 2 richest people are in the Seattle area.
Seattle* is an anomaly. Roughly the 100th city worldwide by size, yet has 2 of the 5 largest companies in the world by market cap. * Technically Seattle metro area
[1]: http://www.citylab.com/tech/2016/02/the-spiky-geography-of-v...
For all the hype Silicon Valley gets, the companies of the world's 2 richest people are in the Seattle area.
With a little math, we are not-too-many years from the world's first US$ trillionaire. Using Mr. Bezos as the example: US$ 72,000,000,000 Annualized gain of, say, 10% on AMZN stock Over a period of 27.6 years 1.1^27.6 * US$72,000,000,000 = ~US$ 1,000,000,000,000 Just in time for his 80th birthday.
Assuming 27 years of 10% compounding is quite the leap.
Any reason why the Rothchilds never show up in these lists? My best guess there is some sort of "who's the richest game" for some new money players (who's fortune can be tracked), where old money prefers obscurity.
The Rothschilds aren't that rich, and there's a lot of them. Old money may prefer obscurity, but it also doesn't go that far anymore.
A bank in London had no reason to cash a check drawn on a bank in Paris, or value a Letter of Credit given by a bank in Frankfurt, unless the London bank trusted the other bank would honor the liability, and honor it timely. This was especially true the larger and more complex the transaction.
As a banking consumer you wanted to use a bank that would honor instruments from and have its instruments honored by the most and the most important banks across Europe. Those banks were often part of a consortium of family-owned banks, because under economic stress the family-owned banks would always honor their commitments to each other, and offer each other low-interest loans to help another member bank stay afloat.
For all the hype Silicon Valley gets, the companies of the world's 2 richest people are in the Seattle area.
I think it's moreso the fact that nothing 'new' has really come out of Seattle. Kind of hard to build hype if your two main talking points are 20+ and 40+ year old companies.
Earlier quoted context omitted.
I think that's the point....for all the hype SV gets, Seattle should get some too....
Houses are going for 500k+, please, less hype actually. All we want to do is build cool product and enjoy our life. I don't think anyone in Seattle wants the SV arrogance and lifestyle.
Earlier quoted context omitted.
Seattle has one of the lowest amounts of sun per year of all metros in the USA. It selects for those who are serious about work, more than weather.
eh. But also filters people who are serious about work but also serious about their mental health. I know myself well enough to know that I am less productive when I don't get sunlight. I suspect many other people are the same.