Cobbs Bin

Tuesday, September 26, 2006

Top 400

Forbes has come out with their 400 richest Americans. This year’s list has achieved a milestone; all of them are billionaires. Topping the list is everyone’s favorite, Bill Gates. We all know that Americans are greedy, ruthless, back stabbing, weasels that have stolen their wealth from the backs of third world laborers. Except Bill Gates; he sells software and intellectual property. Gee, the richest man in the world got that way by using his brains and not stealing exploiting the 3rd world. Something has gone horribly wrong with the way things are run. Americans cannot be hated unless we are stealing candy from malnourished infants. Maybe the Forbes group can take Bill aside and have a talk with him about how things are done.

The number two guy is Warren Buffet who manages a portfolio of businesses. He buys and holds and makes money. When he sees a new opportunity, he sells what he doesn’t need and buys something else. Of course you have to have money to start something like that but what a few million between friends. Warren Buffet has managed to parlay the art of waiting into being the 2nd richest American.

If you look at these two men, you will notice that each one has used own method for creating wealth. Bill Gates used his mind to create a product that was not mass produced in a third world factory. It was a creation that required logical thinking and the ability to understand the technical side of where the world was heading. It was also lucky that IBM used his operating system instead of someone else. Still he managed to use that start to become the powerhouse of world software. Warren Buffet’s skill is the little used art of patience. Americans today need it now and are not willing to wait. They do not look much further than next week for what they are going to do and spend tomorrow’s dollar today. If people took as much time worrying about next month’s Visa payment as they do about their future, they wouldn’t have to worry about next month’s Visa payment. Planning, vision and a little luck have helped both of these men stay at the top of the 400.

Icool

Cobb

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