2/10/2024 - TL;DW But I Read
Switzerland is populated with billionaires — there's one for every 80,000 people. As of 2022, the country was home to an estimated 110 billionaires.
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How to Start Your First Business in a Weekend
*Topic : Business
*Length : 14m 12s
*View : 172K
🚀 "Most people overthink the first act. Later every successful entrepreneur acts first and figures it out later."
💡 "No one starts a business with the perfect idea, you decide to start and then figure it out."
📈 The pie feature is a great way to dabble with individual stock picking in your portfolio.
💰 Many entrepreneurs fail because they try to build something without first verifying that customers are willing to pay for it.
🚕 Uber started because someone complained about the difficulty of hailing a cab, showing the power of solving a common problem.
💰 Asking for pre-orders is the true test of a business idea's viability, as "words are cheap, money is not."
🗣️ The key to starting a business is to speak to people and ask them for money before making the product.
💰 Validate the market by finding a problem and someone willing to pay for the solution before pursuing a business idea.
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Why is Switzerland home to so many billionaires?
*Topic : Business
*Length : 7m 23s
*View : 440K
Switzerland is populated with billionaires — there's one for every 80,000 people. As of 2022, the country was home to an estimated 110 billionaires with a combined wealth of $338 billion, outranking other super-rich hotspots such as Saudi Arabia, Singapore and the United Arab Emirates. Swiss residents are also among the richest in the world, with a mean net worth of almost $700,000, ahead of the U.S. and Hong Kong. So, what makes Switzerland such an attractive place for the uber-wealthy, and how does that extreme wealth affect the rest of Swiss society?
💰 Switzerland has one billionaire for every 80,000 people, making it the third most dense billionaire population in the world.
💸 With 110 billionaires and a combined wealth of $338 billion, Switzerland surpasses other super-rich hotspots like Saudi Arabia, Singapore, and the United Arab Emirates.
🏦 Switzerland's lack of capital gains tax on financial assets makes it an attractive location for rich individuals with capital income or capital gains.
🏦 The country's world-class financial services and pharmaceutical sectors contribute to its appeal for billionaires.
💰 Switzerland's banking sector developed a reputation for privacy and anonymity, making it an attractive location for wealthy individuals to store their cash and potentially avoid taxes.
💰 Switzerland's history of helping rich individuals evade taxes has contributed to the country being home to many billionaires.
💰 Switzerland's social structure ensures that even people with lower incomes can still live quite well, contributing to social cohesion.
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Why the big car companies are losing China
*Topic : Business
*Length : 16m 11s
*View : 2.3M
Big carmakers like Volkswagen and Toyota were once top sellers in China. Now they’re rapidly losing ground to a new generation of Chinese companies luring local buyers with advanced – and affordable – electric vehicles. Business Beyond looks at what legacy carmakers got wrong, what Beijing got right, and how the next few years could reshuffle the global car industry.
🚗 Chinese electric vehicles could potentially reshape the global car industry, as they are cheaper to build and have better software compared to their foreign competitors.
💰 As personal incomes in China grew, so did the market for private cars, leading to the country's transformation into an economic power.
🚗 The emergence of electric vehicles in China has transformed the entire supply chain and benefited from the country's industrial know-how and battery production.
💥 Tesla's entry into the Chinese market not only shifted the EV market, but also raised the standard of Chinese suppliers, forcing them to produce higher-quality electronics and components.
📈 Despite having the benefit of scale, traditional car makers like Volkswagen, Toyota, and Honda have not been able to dominate the volume market for EVs in China, highlighting their struggle to compete with Chinese car makers and Tesla.
🚗 The digital connectivity and software of cars are becoming increasingly important for Chinese consumers, surpassing the need for powerful vehicles in congested cities like Beijing and Shanghai.
🚗 Chinese automakers have taken the policy seriously and succeeded, surprising Western automakers who didn't believe it was realistic.
🤔 The future of the automotive industry's success in China remains uncertain, but it holds potential for significant growth and innovation.
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