Archive for the ‘Grow Page’ Category

So you want to be a socially responsible investor?

Friday, January 7th, 2011

joel-solomon.jpg Joel Solomon’s career is somewhere between entrepreneur, philanthropist, and activist. His philosophy is that companies should focus on socially responsible growth – meaning they should care about their impact on their society and the environment, but not give up on making money. Since 1996, he’s been the president of Renewal Partners, a company focused on creating a “triple bottom line” economy. And he’s a pretty big dreamer – while most companies focus on a 10 or 20 year strategic plan, Joel has a 500-year vision about how the work of current generations is crucial. He was nice enough to share a bit about his plans and how you can play your part in changing the world.

TILE: What is socially responsible investing?
Joel: Socially Responsible Investing is about placing your money into companies whose products and services represent your values and beliefs. Every dollar you spend or invest is a direct vote by you for what matters in life and on the planet.

TILE: How can businesses make money and be socially responsible at the same time?
Joel: Business can make plenty of money by being good citizens of the environment – for their workers, and for the communities where they make products and in those where they sell them. Good ethics and planet-responsible behaviour* are fully compatible with making reasonable financial returns. In fact, clear values and true purpose, when combined with the tools of business and money, make a powerful combo that can drive social change.

TILE: Why do you do what you do?
Joel: My life is committed to respect for the hard work my ancestors did to give me my life, and to do everything I can to see that what matters most to me is available to future generations. Those commitments led me to make business and finance serve my long term goals. Every day I get to meet some of the brightest, most creative, most inspiring entrepreneurs and leaders in the world. That’s my reward for staying true to my values and purpose.

TILE: How do you think young people can play a role in philanthropy?
Joel: Young people with access to philanthropy should learn all they can about the issues of our times, especially those that touch your heart and mind the most. Ask lots of questions. Read. Get exposed. Volunteer in organizations you believe in. Find a career that expresses your true values. Learn all you can about the non-profit world. Ask for observer status at foundation meetings. Ask for a small grants budget so you can gain experience making decisions with donations. Seek mentors and experienced advisors. Attend conferences.

TILE: What’s the best advice you would give to your teenage self?
Joel: Commit to your own maximum potential to learn, lead, and live, such that your life and work make a positive impact for today and tomorrow. Follow your inner calling. Develop creativity. Do deep work on yourself, soon, and continually.
Develop pragmatic skills. Travel. Be compassionate.

* Please excuse our extra ‘u’s. Though he was born in Tennessee, Joel is now a resident of sunny Vancouver, Canada.

>> TILE brings you exclusive opinions, explanations, and interviews from experts in every industry. To read more, click on Ask the Experts in the TILE Library.

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Sweater Weather

Thursday, January 6th, 2011

The Wall Street bull gets a handmade sweater.

Because it’s got to be an especially cold January if you’re in Manhattan and made of metal.

Billionaires as far as the eye can see

Thursday, January 6th, 2011

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click to see the full-size version

Woah! There sure are a lot of billionaires in America. And at least one of them has been doing a great job of living within his means… Bill Gates tops the list of American billionaires for the 13th year in a row.

Maybe it’s time to start that software company you’ve always dreamed of…

ilovecharts:

via Kurt White

Own A Piece Of Facebook! TILE Two-Liners 1.3.11 >> 1.7.11

Tuesday, January 4th, 2011

MONDAY

  • The National Weather Service and the stock market go together like frigid weather forecasts and rising oil prices. That’s cold. (Reuters)
  • Big news: “It’s hard to anticipate the direction of financial markets.” (thanks for the heads-up, Wall Street Journal)

TUESDAY

  • Middle-aged white guys at Goldman Sachs value Facebook at $50 billion, scramble to get a piece of it before the company’s stock becomes publicly available. (Wall Street Journal)
  • 6,000 new jobs at dollar stores are still new jobs, aren’t they? (CNN)

WEDNESDAY

  • Microsoft-Google deathmatch: Who gets to provide email services to the U.S. Department of Fish and Wildlife? (Wall Street Journal)

THURSDAY

  • Reason 1,174 to be glad you’re a person and not a state: States lost an average of 30% of their revenue in 2009. (The Washington Post)

FRIDAY

An impressive life, or an authentic one?

Tuesday, January 4th, 2011

“You’re probably not doing things right unless the other people in your world are at least slightly uncomfortable with some way in which you’re challenging its assumptions.” – Conor Friedersdorf

hadley-nagel.png

Did you see this Style profile of 19-year-old New York debutante Hadley Marie Nagel? She’s kind of amazing, with skills (skeet shooting?) and interests (like lobbying for a James Madison monument on the National Mall) all over the map. Being wealthy allows her to pursue these activities, and apparently to throw awesome dinner parties.

But according to Mr. Friedersdorf (who unfortunately gets Hadley’s name wrong in his opinion piece), having a lot of skills and interests won’t necessarily win you a good life. Important decisions about career and family are more complicated than having a sparkling resume, he says.

Having wealth and connections can score you all kinds of opportunities, and we think you’d be crazy not to take advantage of them. But those advantages can also lead you down a path that’s just not “you.” So before you start making the big decisions, do a gut check. Do you really want this, or do you think someone else wants it for you? (Or for themselves, for that matter.)

Michael Caito – The Hungry Entrepreneur

Wednesday, December 29th, 2010

We met Michael Caito at the Global Student Entrepreneur Awards when we visited the NYSE this October. He’s the Chairman of the Entrepreneurs’ Organization, which is the group that created this annual competition. Michael is an entrepreneur himself (as you may have guessed), and he took a moment to tell us what it takes to be successful out there.

Watch the oh-ficial GSEA 2010 recap video here. To see all our GSEA interviews, click here.

A diverse investment portfolio. With butter and sprinkles.

Thursday, December 23rd, 2010

cookie-allocation.png

from Let It Dough! by Christoph Niemann (NYTimes)

You can invest in lots of different things – stocks, bonds, mutual funds, currencies, cows. (For real! They’re called commodities and they’re really weird.) And you can invest in this stuff in the U.S. or in almost any country in the world.

But here’s the trick: you want to have a diverse mix of all these things, so you don’t lose all your money if, say, the U.S. economy crashes or all the cows go on strike.

Diversification is a way to reduce that risk by creating a portfolio with a wide mixture of different investments. In basic terms, it means “don’t put all your eggs in one basket.”

Mmm. Sprinkles.

What’s a few billion here and there?

Thursday, December 23rd, 2010

billion-dollar-o-gram.png

  • Bill Gates net worth: $40 billion
  • Amount donated to charity by Americans in 2008: $308 billion
  • Wall Street bonuses in 2009: $114 billion
  • Interest per year on the U.S. budget deficit: $199 billion

Click to see the whole image.

Smart kids arouuuund the world

Thursday, December 23rd, 2010

We wonder if “maths” includes personal finance?

generational-iq.gif

theeconomist:

Daily chart: which country has the cleverest kids? Since 2000 the OECD has tested school pupils in rich countries every three years on reading, mathematics and science. This year, students in Shanghai topped the chart in each discipline.


Is Google a monopoly? Do you care?

Thursday, December 23rd, 2010

A monopoly is a company that has control over all sales and distribution of a product – to the extent that no other company can compete with it. For example, if your cable or utility companies are the only sellers of their service and you can’t really choose another company to buy from, they hold a monopoly on that particular service. Remember the game Monopoly? The goal was to own EVERYTHING.

is-google-a-monopoly.png

Click to see the whole story.