Da Jukebox: November 2011

Investing money

1:58 PM |

Investing money in the right business can turn someones life into a wealthy fairy tale. Here are two entrepreneurs who have invested their time and money wisely into products they believe in and successfully have been rewarded gracefully.

Warren Edward Buffet was born August 30, 1930 and is considered to be one of the most successful investors in the world based on the amount of capital he started with and what he was able to grow it into (collegeinvestor.com). At a young age Buffett was astonished with the business of making money work for him. At 6, he purchased 6-packs of Coca Cola form his grandfathers grocery store for twenty five cents and resold each of the bottles for a nickel, pocketing a five cent profit. At 11, Buffet bought three shares of Cities Services Preferred for $38 dollars. The shares dropped below what he paid and when they rebounded back up to $40 dollars Buffet made a bad decision and sold his shares; little did he know that the shares would continue to increase up to $200 dollars a share. This taught Buffet a basic lesson when investing: Patience is a virtue.

Buffet never intended on going to college, yet his father persuaded him to attend a business college. After attending a couple of colleges and receiving his degree within three years, Buffet was introduced to famed investors Ben Graham and David Dodd who taught him an experience that would forever change his life. Through the years Buffet has made over $60 billion dollars and is known as "Wizard of Omaha," for his investments. "Buffett’s investment focus is very simple…buying companies for a low price, improving them via management or other changes, and realizing long term improvements in stock prices. He looks for companies he understands and keeps it very simple. Many have criticized him for avoiding tech companies and other industries, but by sticking to what he knows, he has been able to realize amazing return," (collegeinvsetor.com).

Daymond John is also a great entrepreneur who knew that investing money could increase his financial situation. He is best known as the founder, president and CEO of FUBU, and appears as an investor on ABC reality TV series Shark Tank . Daymond created distinctive and fashionable sportswear and a host of other related gear. FUBU’s phenomenal success made mainstream apparel companies realize the potential for fashionable sportswear that appeals not just to trendsetting urban youth but to mainstream teens as well (womensconference.com). Daymond and his mother mortgaged the home they collectively owned for $100,000 in start-up capital. Soon, the home was turned into a makeshift factory and office space. Daymond looks for the start-up cost when investing in a business. He determines if the business will progress in a fast manner to receive his funds back with interest. Daymond has invested the most money on ABC's Shark Tank and continues to invest in businesses he feels that will increase his revenue (brain.com).

References:
http://www.glamoroustrash.com/2010/06/warren-buffett-youre-my-hero-again-you.html
http://goodmenproject.com/good-is-good/stop-coddling-billionaires-says-warren-buffet/
http://blogs.radiotown.com/timewithkim/2010/04/15/daymond-john-fubu-foundershark-on-abcs-shark-tank/
http://www.womensconference.org/daymond-john/

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R.I.P. Heavy D

7:04 AM |

"R.I.P. heavy D" was what many people were saying when they found out that Dwight Arrington Myers, better known as Heavy D, had pasted away.

Heavy D was a rapper, singer, record producer, and someone who educated fans on Hip Hop. He loved his fashion to be different than most entertainers and had a great personality. He was best known for his hype and performances with his group Heavy D and the Boyz. They had a number of hits over the years, including “Now that we found love,” “Girlz, they love me,” and I got nothing but love.” Their breakout album came with 1989's "Big Tyme," which included the hits "Somebody for me" and "We got our own thang” (yahoo.com).

Heavy D gained even more fame by singing the theme song of the television program In Living Color and also MADtv. He enjoyed the cameras and took on acting in the 90’s as well. Heavy D appeared on shows, including “In Living Color” and “MADtv.” Here he caught the attention of viewers with his fresh smooth style of talking and his relaxing swagger.

Heavy D had been out the Hip Hop game for a while and was beginning to make a musical comeback. After 15 years of hibernation, he had made his first live performance at a tribute concert for Michael Jackson in London (TMZ.com). Heavy D made his last televised performance October 1^st when he performed at the B.E.T. Hip Hop Awards in Atlanta, Georgia (BET.com).

He was found unconscious in his Beverly Hills home on November eighth and pasted away an hour later at the hospital. Heavy D was a phenomenal performer and will live on through the eyes of Hip Hop forever.

You can watch his last live performance at the “BET Hip Hop Awards” below. R.I.P. Heavy D.