In my last post i recommended a book for some holiday reading and also mentioned briefly Amazon. Now running supermarkets might not interest you but if Technology, internet Companies and Apps are more your thing then read on. There was an interesting documentary on the BBC recently called Business Boomers - Amazon's Retail Revolution a kind of TV biography of Jeff Bezos and how he built up Amazon. It is on tonight on BBC 2 and is scheduled for 11 pm (UK time) but there is some Snooker on which could over run, so maybe one to set your PVR for especially if you have to be up for work early tomorrow. Otherwise if you forget or are overseas I think you may be able to catch it on the BBC's I-player shortly after that if it is of interest to you.
Now I have never been able to get my head around Amazon's valuation - currently about 664 times last years earnings even though it has never reported much in the way of profits or paid a dividend. Nevertheless as explained in the documentary investors seem to be prepared to continue backing it in a never ending build up phase in the hope of bumper returns at some point in the indeterminate future. I like their services - but not the shares!
I have written in the past about the best way to get rich being to start and run your own business. In the past I have also reinforced this idea with my post Who wants to be a billionaire which showed that the world's top ten richest people were all business people. After that I wrote about the quickest way to become a billionaire in my post Appilionaires Party Like its 1999 and the billions being paid for App makers by the likes of Facebook.
When I read the latest post from the always informative and entertaining Nadeem Walayat from The Market Oracle (who I have recommended before) it prompted me to share these thoughts with you. The particular section of his latest post that you can read in full here is as follows:
So what is the real secret of financial success in today's world ?
Now you might have noticed that I highlighted the bit about Apps as that links back to my bit about Appilionaires. So that got me thinking about how one could learn about these as it is always good to challenge yourself and learn new things. So after a very brief search I unearthed what looks like a good free training programme for developing Apps and includes all the tools you need. So if I can think of something I'm going to give it a go and see if I can get my head around it - I'll keep you posted if I ever get it off the ground - but I'm sure it won't fly like an Angry Bird!
Any way if you or someone in your family like a teenager might want to have a go then you can check out how to do it here - and don't forget to let me know and thank me if you earn a billionaire $ bonus on the back of it!