Billionaire George Soros Warns Investors to Be Cautious

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Billionaire George Soros has warns investors to be cautious because current global trade halts indicate a possible repeat of 2008. Furthermore, Bloomberg reports that the devaluation of the Chinese yuan has brought on multiple economic problems.

When mentioning global trade problems in China, Soros says that China is having a major adjustment problem. As the value of the yuan plummets, this country is spreading its financial struggles to the rest of the world. For instance, trading in this country stopped twice in one week. Furthermore, The Daily Mail reports that the January 7, 2015 Dow Jones Industrial Average dropped 392 points within 24 hours. Chinese stocks also took a huge hit on the same day, and other Asian markets were also negatively affected.

Some investors might be surprised by Mr. Soros’ decision to warn everyone to not make hasty stock purchasing decisions. After all, he took a huge risk in 1992 when he bet that the UK would be forced to devalue its currency before he made a $1 billion profit from it. However, Soros has a longstanding reputation for helping people make the most educated financial decisions. With his company netting at about $27.3 billion within the past few years, people are inclined to listen to his predictions.

On the other hand, The Economist reports that mainstream forecasters are not yet predicting a recession. In fact, evidence of economic growth is reported in various locations. For instance, the United States service industries seem to be doing quite well at an ISM indicator of about 55.3 as of December. Furthermore, German new orders were up 1.5%.

However, there is a fear that the Chinese yuan devaluation could reduce currency competitiveness. Therefore, other Asian countries might end up following suit. This could lead to financial problems because some Asian companies had borrowed from banks in dollars. However, much of the current scares could be speculation.

Investors might take the advice George Soros gives if they want to avoid a personal financial catastrophe. However, Soros is said to have warned before of financial crises before as ones that parallel the Recession of 2008. For instance, the Greek economic crisis was a concern to him. Therefore, hearing that there might be another recession is considered to not be new information for many people.

Still, it seems that the only way a world can avoid spending mistakes is to study the past. George Soros might be onto something when telling people to be careful how they invest their money.

Joseph Bismark Unites Good Business with Good Karma

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The following is a summary of a very interesting article about Joseph Bismark which I read on the blog Bring on the Random.

As the above title suggests, Joseph Bismark (a member of the Board of Directors of Quest) has incorporated his love of truth and spirituality into the business world. To many, this is counter-intuitive, as one’s first thoughts of Wall Street are of cut throat competition, where it’s no holds barred when it comes to obtaining that all powerful tool – information. 

Mr. Bismark’s interesting story begins in the Philippines, where, as a youth (at the tender age of 9!), he became a monk in a mountain ashram, where he stayed until he was seventeen. Marrying his spiritual beliefs with the ways of big business, he quickly skyrocketed and was the QI Group’s Managing Director by 2008 and was instrumental in founding Qnet.

Because of his convictions in strong team work, running business with the highest ethical standards, his concepts of success do not necessarily mean more money. He emphasizes, not surprisingly, spiritual and self-fulfillment. 

At the QI group, employees find a much more laid back and worker-friendly environment than one expects at such a large and important company. Mr. Bismark’s eschewed the corporate lifestyle that comes with being at the top, including the stress, trials and tribulations of big business. 

Qnet is a direct selling company. Mr. Bismark has emphasized employees are not automatons, but humans, and function happier, more efficiently and successfully with less stress and more teamwork. To gain more insight into his philosophies, you can avail yourself of his work as a writer and a motivational speaker. You will learn that his approach is one of keeping the employees spiritually sound so as to maximize the experience for the customer, which is the ultimate goal of any business. You can see videos on his blog. 

The success he has had by combining business smarts with a lot less stress (again, learned from his days as a monk) can not be disputed. A quick glance at QI Groups profits and world wide reach prove this.