One of the Largest Financial Frauds in United States History

July 10, 2017 · Posted in American Business, Crime, Economic History · Comments Off on One of the Largest Financial Frauds in United States History 

Bernie Madoff was at once family man, trusted friend, business success story, and one of the most notorious Ponzi Scheme Kingpins in history. He was the man behind a deceitful scheme that devastated the lives of thousands including his own family.

By all appearances the Madoff’s were to be envied for their lavish jet setting, country club lifestyle, but the foundation of their grand version of the American Dream was fragile and precariously teetered upon the soon to shift sands of fraud.

The decades long gig was finally up, when Madoff was arrested on December 11, 2008. He was surprised by the FBI in the early morning hours, while still dressed in his pajamas.

Upon hearing the big confession his sons did not wait, as their father had requested, but instead immediately turned Madoff in to the authorities. And in fact, not long after this shocking reveal, neither son talked with their father again. The curtain was pulled back. They now knew who their father really was and the awful lie he had been hiding for all those many years.

Bernie was a success, but his success was not built on hard work and exceptional business acumen, but rather a delicate façade based on a relatively simple Ponzi scheme algorithm of theft and fraud. It all fell apart as many investors began calling in to withdraw their money (for some their entire life savings had been placed in Madoff’s care) in the wake of the 2008 Great Recession.

Who was this person capable of deceiving  thousands, including family and friends, straight faced and in a most calculated and convincing manner? A man who could sleep soundly beside Ruth in their Upper East Side apartment at night, while living the high life off other peoples savings. Does this make him part of that breed called psychopath? To learn more read the article in Town and Country  How Bernie Madoff took His Family Down .

History of Smiley Face

January 16, 2016 · Posted in American Business · Comments Off on History of Smiley Face 

The Smiley Face symbol’s origin was in 1963. It was created by graphic artist Harvey Ross Ball in Worcester, Massachusetts.
Charles Ball Founder of Harvey Ball World Smile Foundation

Kodak Founder George Eastman

September 4, 2015 · Posted in American Business, Firsts in History · Comments Off on Kodak Founder George Eastman 
eastmancamers

© Provided by Time Article George Eastman ordered six sample cameras

George Eastman was not the inventor of the camera. His genius was in making the less than ideal camera that he first worked with as a bank employee at the age of 24 in  1878 better. Its awkward size was like a “soap box“.  He made it smaller and introduced a compact rolled film with gelatin on a strip of paper. He innovated a new camera named the Kodak (1888).

Source

IBM’s Launch of Personal Computer Model 5150

August 12, 2015 · Posted in American Business, Firsts in History · Comments Off on IBM’s Launch of Personal Computer Model 5150 

Researching the history of the personal computer reveals how far along we have come, since IBM launched its first personal computer, model 5150, on August 12, 1981. It was an extravagant affair held at the New York Waldorf Astoria Hotel.

The New York Times’ article in August of 1981, NEXT, A COMPUTER ON EVERY DESK, boasted of a “second generation of machines” with the ability to, “…use microprocessors capable of handling 16 ”bits,” or units of information, at the same time, twice the processing power of existing 8-bit machines. ”

At 21 pounds and costing $1,565 the 5150 was a great success having much to do with a big advertising push that moved the IBM PC forward and into the limelight. 30 years later the size and cost seems laughable, but back then before we knew what the future would hold it was an amazing technological feat.

 

 

Napoleon Hill: Habits of Success

September 1, 2013 · Posted in American Business · Comments Off on Napoleon Hill: Habits of Success 
Napoleon_Hill

Quote “Concentration is the act of focusing the mind upon a given desire until ways and means for its realization have been worked out and successfully put into operation.
(…)
Two important laws enter into the act of concentrating the mind on a given desire. One is the law of Auto-suggestion and the other is the law of habit.

It was the late 19th century, during the industrial revolution, a time when some men made riches well beyond the average American, that Andrew Carnegie made his great wealth in the steel industry. A philanthropist he funded an important and influential project that would take 20 years to complete.

The 1908 Carnegie funded project was conducted by Napoleon Hill.  Napoleon interviewed hundreds of men based on their common defining  factor of great power and success in the world. He compiled his data and extrapolated from it a list of common core principles. He proposed that if you follow the laws of success that great men held to, you too could succeed in a significantly large scale manner. Napoleon Hill’s book “The Law of Success” was published in 1928. Below is a list of those principles.

The 17 Principles of Success by Napoleon Hill
1.Definiteness of Purpose – The habit of focusing your actions and thoughts on one high and desirable goal in life
2.Mastermind Alliance – The habit of working in complete harmony with others for the attainment of a specific objective
3.Going the Extra Mile – The habit of doing more than is required of you with the expectation of receiving greater compensation from direct or vicarious sources
4.Applied Faith – The habit of acting as if you already have what you want in life
5.Pleasing Personality – The habit of being generally agreeable and friendly with people
6.Personal Initiative – The habit of starting tasks that are important to you and seeing them through to completion
7.Positive Mental Attitude – The habit of looking for the positive side of every situation in life—especially during times of turmoil and adversity
8.Enthusiasm – The habit of keeping yourself energized by focusing your life on what you love most
9.Self-Discipline – The habit of choosing not to make negative choices that will cost you more than you gain
10.Accurate Thinking – The habit of making decisions and forming opinions that are based on factual information and tangible evidence
11.Controlled Attention – The habit of prioritizing your time and energy to stay focused on what is most important and beneficial
12.Teamwork – [Basically the same as the Mastermind Alliance principle]
13.Learning from Adversity and Defeat – The habit of learning from adversity and defeat and making gradual improvements because of those experiences
14.Creative Vision – The habit of visualizing the things that you want most and the actions that will help you to acquire them
15.Maintenance of Sound Health – The habit of keeping your energy level up by eating healthy food and participating in physical exercise
16.Budgeting of Time and Money – The habit of taking time everyday to move closer to your definite major purpose and saving money to ensure steady financial growth
17.Cosmic Habit force – The habit of repeating desirable thought patterns and behaviors until they become effortless and self-moving

Source: http://inspirationpro.net/napoleon-hills-17-principles-of-success

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