Former Defense Secretary Ash Carter on Libra concerns

Former Defense Secretary Ash Carter on Libra concerns8:51 AM ET Thu, 18 July 2019Former Defense Secretary Ash Carter joins “Squawk Box” to discuss concerns surrounding the Facebook-backed cryptocurrency Libra and how it will be regulated.


Former Defense Secretary Ash Carter on Libra concerns8:51 AM ET Thu, 18 July 2019Former Defense Secretary Ash Carter joins “Squawk Box” to discuss concerns surrounding the Facebook-backed cryptocurrency Libra and how it will be regulated.
Former Defense Secretary Ash Carter on Libra concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: adam galica
Keywords: news, cnbc, companies, defense, joins, ash, libra, secretary, carter, squawk, regulated, facebookbacked, concerns, surrounding


Former Defense Secretary Ash Carter on Libra concerns

Former Defense Secretary Ash Carter on Libra concerns

8:51 AM ET Thu, 18 July 2019

Former Defense Secretary Ash Carter joins “Squawk Box” to discuss concerns surrounding the Facebook-backed cryptocurrency Libra and how it will be regulated.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: adam galica
Keywords: news, cnbc, companies, defense, joins, ash, libra, secretary, carter, squawk, regulated, facebookbacked, concerns, surrounding


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When former president Jimmy Carter left office, his peanut business was $1 million in debt

When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt. His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post. Forced to sell the company, Carter started writing books to generate income. In 2017, Carter got more than $230,000 in su


When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt. His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post. Forced to sell the company, Carter started writing books to generate income. In 2017, Carter got more than $230,000 in su
When former president Jimmy Carter left office, his peanut business was $1 million in debt Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kathleen elkins
Keywords: news, cnbc, companies, president, peanut, debt, reports, wife, jimmy, office, million, writing, white, left, carter, farm, business


When former president Jimmy Carter left office, his peanut business was $1 million in debt

When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt.

His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. Carter had been managing the family-owned peanut farm, warehouse and store in Plains, Georgia, since his dad died in 1953, but when he became president, he put it into a blind trust to avoid conflicts of interest.

When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post.

Forced to sell the company, Carter started writing books to generate income. Today, the 94-year-old has published more than 30, from a children’s book to reflections on his presidency.

As a former president, he also receives an annual pension of about $210,000 and an allowance for things like travel, office space and other expenses. In 2017, Carter got more than $230,000 in such allowances, the National Taxpayers Union Foundation reports.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kathleen elkins
Keywords: news, cnbc, companies, president, peanut, debt, reports, wife, jimmy, office, million, writing, white, left, carter, farm, business


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Meet the women who made Oscar history for their work on ‘Black Panther’

The 91st Academy Awards was one of the most diverse to date, with a record number of women and African-Americans taking home trophies for their work. Among those who made history were Ruth E. Carter and Hannah Beachler, who won Best Costume Design and Best Production Design, respectively. Both were recognized for their work in “Black Panther,” and each is the the first African-American to win in their category. In their acceptance speeches, Carter and Beachler each thanked “Black Panther” direct


The 91st Academy Awards was one of the most diverse to date, with a record number of women and African-Americans taking home trophies for their work. Among those who made history were Ruth E. Carter and Hannah Beachler, who won Best Costume Design and Best Production Design, respectively. Both were recognized for their work in “Black Panther,” and each is the the first African-American to win in their category. In their acceptance speeches, Carter and Beachler each thanked “Black Panther” direct
Meet the women who made Oscar history for their work on ‘Black Panther’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: courtney connley, kevork djansezian, getty images, frazer harrison, getty images entertainment
Keywords: news, cnbc, companies, work, design, meet, women, beachler, carter, stand, better, ryan, panther, offered, black, coogler, history, oscar


Meet the women who made Oscar history for their work on 'Black Panther'

The 91st Academy Awards was one of the most diverse to date, with a record number of women and African-Americans taking home trophies for their work.

Among those who made history were Ruth E. Carter and Hannah Beachler, who won Best Costume Design and Best Production Design, respectively. Both were recognized for their work in “Black Panther,” and each is the the first African-American to win in their category.

In their acceptance speeches, Carter and Beachler each thanked “Black Panther” director Ryan Coogler for not only creating the groundbreaking Marvel film, but for also believing in their abilities to help bring the story to life.

“I stand here with agency and self-worth because of Ryan Coogler, who not only made me a better designer and storyteller, but a better person,” said Beachler, who accepted the award alongside set decorator Jay Hart.

Beachler, who previously worked with Coogler on “Fruitvale Station” and “Creed,” continued, saying, “I stand here because this man offered me a different perspective of life. He offered me a safe space, was patient and gave me air, humanity and brotherhood.”


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: courtney connley, kevork djansezian, getty images, frazer harrison, getty images entertainment
Keywords: news, cnbc, companies, work, design, meet, women, beachler, carter, stand, better, ryan, panther, offered, black, coogler, history, oscar


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‘Black Panther’ costume designer made this $25,000 mermaid costume for Halloween — take a look

Ruth E. Carter, who designed costumes for Marvel’s “Black Panther,” made a one-of-a-kind, mermaid Halloween costume that is worth $25,000. Brittany Reid, 30, who works in communications at a healthcare company in Atlanta, Georgia, won the costume as part of a contest with SpikedSeltzer, a natural hard seltzer brand. “I first had to figure out how the … costume would move since mermaids swim and don’t walk,” Carter tells CNBC Make It. That’s because the most memorable costumes are “the ones tha


Ruth E. Carter, who designed costumes for Marvel’s “Black Panther,” made a one-of-a-kind, mermaid Halloween costume that is worth $25,000. Brittany Reid, 30, who works in communications at a healthcare company in Atlanta, Georgia, won the costume as part of a contest with SpikedSeltzer, a natural hard seltzer brand. “I first had to figure out how the … costume would move since mermaids swim and don’t walk,” Carter tells CNBC Make It. That’s because the most memorable costumes are “the ones tha
‘Black Panther’ costume designer made this $25,000 mermaid costume for Halloween — take a look Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: jimmy im, jim bennett, getty images, jesse grant, getty images entertainment
Keywords: news, cnbc, companies, carter, black, 25000, panther, walk, tells, thats, designer, costumes, works, halloween, look, worth, won, mermaid, costume, swim


'Black Panther' costume designer made this $25,000 mermaid costume for Halloween — take a look

Ruth E. Carter, who designed costumes for Marvel’s “Black Panther,” made a one-of-a-kind, mermaid Halloween costume that is worth $25,000.

Brittany Reid, 30, who works in communications at a healthcare company in Atlanta, Georgia, won the costume as part of a contest with SpikedSeltzer, a natural hard seltzer brand.

“I first had to figure out how the … costume would move since mermaids swim and don’t walk,” Carter tells CNBC Make It. That’s because the most memorable costumes are “the ones that go into detail of the imagination,” says Carter.


Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: jimmy im, jim bennett, getty images, jesse grant, getty images entertainment
Keywords: news, cnbc, companies, carter, black, 25000, panther, walk, tells, thats, designer, costumes, works, halloween, look, worth, won, mermaid, costume, swim


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Jimmy Carter calls on Georgia GOP candidate to resign as secretary of state

Former President Jimmy Carter is wading into the contentious Georgia governor’s race with a personal appeal to Republican candidate Brian Kemp: Resign as secretary of state to avoid damaging public confidence in the outcome of his hotly contested matchup with Democrat Stacey Abrams. The 94-year-old Carter’s request, made in an Oct. 22 letter obtained by The Associated Press , is the latest turn in a campaign whose closing month is being defined by charges of attempted voter suppression and count


Former President Jimmy Carter is wading into the contentious Georgia governor’s race with a personal appeal to Republican candidate Brian Kemp: Resign as secretary of state to avoid damaging public confidence in the outcome of his hotly contested matchup with Democrat Stacey Abrams. The 94-year-old Carter’s request, made in an Oct. 22 letter obtained by The Associated Press , is the latest turn in a campaign whose closing month is being defined by charges of attempted voter suppression and count
Jimmy Carter calls on Georgia GOP candidate to resign as secretary of state Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-29  Authors: chris rank, bloomberg, getty images
Keywords: news, cnbc, companies, calls, process, key, request, jimmy, office, letter, state, gop, carter, kemps, candidate, resign, secretary, president, georgia, voter, attempted


Jimmy Carter calls on Georgia GOP candidate to resign as secretary of state

Former President Jimmy Carter is wading into the contentious Georgia governor’s race with a personal appeal to Republican candidate Brian Kemp: Resign as secretary of state to avoid damaging public confidence in the outcome of his hotly contested matchup with Democrat Stacey Abrams.

The 94-year-old Carter’s request, made in an Oct. 22 letter obtained by The Associated Press , is the latest turn in a campaign whose closing month is being defined by charges of attempted voter suppression and countercharges of attempted voter fraud.

Kemp has thus far dismissed Democratic demands that he step aside as Georgia’s chief elections officer. But Carter attempted to approach the matter less as a partisan who has endorsed Abrams and more as the former president who’s spent the decades since he left the Oval Office monitoring elections around the world.

“One of the key requirements for a fair and trusted process is that there be a nonbiased supervision of the electoral process,” Carter wrote, adding that stepping aside “would be a sign that you recognize the importance of this key democratic principle and want to ensure the confidence of our citizens in the outcome.”

It was not immediately clear whether Kemp has read the letter or responded. A spokeswoman in Kemp’s office, where the letter was addressed, referred questions to Kemp’s campaign, which did not immediately respond to a request for comment.

Watch: These former felons are fighting for their right to vote


Company: cnbc, Activity: cnbc, Date: 2018-10-29  Authors: chris rank, bloomberg, getty images
Keywords: news, cnbc, companies, calls, process, key, request, jimmy, office, letter, state, gop, carter, kemps, candidate, resign, secretary, president, georgia, voter, attempted


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Vanity Fair’s Radhika Jones shares the lessons she learned from all-girls education and Tina Brown

Radhika Jones just wrapped up her first Vanity Fair New Establishment Summit as editor-in-chief of the storied magazine. Jones, started in the role in December 2017, took the helm from legendary editor Graydon Carter, who ran the magazine for a 25 years. “It’s such an interesting time to take the role, just because there is so much change outside of Vanity Fair in the worlds that we cover. It feels like we have all this opportunity to tell new stories with new faces and new voices,” says Jones.


Radhika Jones just wrapped up her first Vanity Fair New Establishment Summit as editor-in-chief of the storied magazine. Jones, started in the role in December 2017, took the helm from legendary editor Graydon Carter, who ran the magazine for a 25 years. “It’s such an interesting time to take the role, just because there is so much change outside of Vanity Fair in the worlds that we cover. It feels like we have all this opportunity to tell new stories with new faces and new voices,” says Jones.
Vanity Fair’s Radhika Jones shares the lessons she learned from all-girls education and Tina Brown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: julia boorstin, -radhika jones, editor-in-chief, vanity fair
Keywords: news, cnbc, companies, tina, brown, cover, waithe, editor, fairs, trying, carter, fair, lessons, vanity, magazine, jones, conversation, radhika, learned, education, shares


Vanity Fair's Radhika Jones shares the lessons she learned from all-girls education and Tina Brown

Radhika Jones just wrapped up her first Vanity Fair New Establishment Summit as editor-in-chief of the storied magazine.

Jones, started in the role in December 2017, took the helm from legendary editor Graydon Carter, who ran the magazine for a 25 years. The 45-year-old wasted no time making her mark on the magazine, putting new faces, such as Lena Waithe, on the cover and bringing a particularly diverse assortment of executives and creators to this year’s summit stage.

“It’s such an interesting time to take the role, just because there is so much change outside of Vanity Fair in the worlds that we cover. It feels like we have all this opportunity to tell new stories with new faces and new voices,” says Jones. “It’s true I am of a different generation than Graydon Carter, but I’m also very conscious that the editor before him, Tina Brown, was younger than I am now when she took the job and infused the magazine with her own energy and with the kind of prevalent stories of her own time.”

Jones says the vision for Vanity Fair is bigger than any single editor. While Carter sparred with President Trump for decades before he was elected and frequently criticized him in the magazine’s Editor’s Letter, Jones hasn’t made such explicit political statements. But she is engaging in the larger political conversation, particularly as it relates to diversity and inclusion.

“I have been really fired up by all of the conversations that we are having in our culture since the election, with the rise of #MeToo, it feels like there is a huge range of conversation about workplace culture, about women’s anger, about being heard, about power,” says Jones. “There’s a lot of energy around those conversations and we’re trying to tap into them.”

One example? Putting Waithe on the cover. Jones says she’s representative of an emerging new guard.

Now Jones is navigating her own leadership style, and how it differs from her predecessor’s: “For me it was a question of becoming comfortable with my own ability to lead, not trying to imitate someone else leading but becoming comfortable with my own style of communication and conversation and decision-making.”


Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: julia boorstin, -radhika jones, editor-in-chief, vanity fair
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Jimmy Carter: Trump is ignoring affordable housing shortage crisis

Former President Jimmy Carter told CNBC this week that the Trump administration is ignoring a national housing crisis, and he urged voters to support candidates who promote affordable housing. “Low-income housing needs to be raised much higher as a priority for our country,” Carter said in a phone interview. “I don’t think that making people self-sufficient who are already in desperate need and who have never had a decent place to live is a good approach to low-income housing,” he said. Facing i


Former President Jimmy Carter told CNBC this week that the Trump administration is ignoring a national housing crisis, and he urged voters to support candidates who promote affordable housing. “Low-income housing needs to be raised much higher as a priority for our country,” Carter said in a phone interview. “I don’t think that making people self-sufficient who are already in desperate need and who have never had a decent place to live is a good approach to low-income housing,” he said. Facing i
Jimmy Carter: Trump is ignoring affordable housing shortage crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-30  Authors: emma newburger, thony belizaire, afp, getty images
Keywords: news, cnbc, companies, hud, housing, rent, habitat, carter, voters, crisis, trump, shortage, affordable, lowincome, jimmy, public, dependent, assistance, ignoring


Jimmy Carter: Trump is ignoring affordable housing shortage crisis

Former President Jimmy Carter told CNBC this week that the Trump administration is ignoring a national housing crisis, and he urged voters to support candidates who promote affordable housing.

“Low-income housing needs to be raised much higher as a priority for our country,” Carter said in a phone interview. “That’s the first step toward making people who are now dependent on government assistance, on welfare rolls, to get a good job and have a chance to raise their families and put their kids through school.”

Carter, a Nobel Peace Prize winner who turns 94 in October, also called for broad reform for the U.S. Department of Housing and Urban Development. He said this fall’s elections offer voters a chance to support an issue that has been widely overlooked by candidates in this year’s midterm election cycle.

In response to a request for comment, a HUD spokesman referred CNBC to the department’s website but did not answer specific questions.

Since the 2008 financial crisis, the housing market has broadly recovered overall. But many Americans have been left behind. Millions of low-income Americans are paying 70 percent or more of their incomes on housing and face a shortage of available affordable rental apartments.

Carter said the gap between rich and poor has reached unprecedented levels as land becomes scarce and the cost of homebuilding rises.

Meanwhile, HUD Secretary Ben Carson has proposed tripling the minimum rent paid by the poorest public-housing tenants and rolling back rent restrictions on 4.5 million households that participate in public housing programs, according to HUD data.

The White House’s fiscal year 2019 budget proposal also slashes funding for HUD by $8.8 billion and calls for work requirements for those who receive public housing subsidies. The administration has also proposed raising the minimum rent for the poorest families to about $150 a month — three times the current minimum.

Carson has said the goal is to reduce assistance to the poor to combat what he sees as a cycle of dependency. Proponents of this approach argue that while safety-net programs are important, low-income renters and homeowners who rely on too much federal assistance will become stuck in dependent situations.

But Carter, who has helped renovate 4,300 homes in 14 countries for Habitat for Humanity, said the policy is misguided. Rather than becoming more dependent on government, he said, the people who move into Habitat homes and receive public assistance are “hardworking” and become productive citizens and taxpayers.

“I don’t think that making people self-sufficient who are already in desperate need and who have never had a decent place to live is a good approach to low-income housing,” he said. “You can make people suffer longer by depriving them of adequate help.”

Facing increased demand and rising land prices, Habitat housing has become more expensive. The cost of building a home 35 years ago was roughly $20,000 to $25,000 and has since more than quadrupled, Carter said.

“The main thing that we have failed to do is to let people in general join in with Habitat and emphasize the need for low-income housing,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-08-30  Authors: emma newburger, thony belizaire, afp, getty images
Keywords: news, cnbc, companies, hud, housing, rent, habitat, carter, voters, crisis, trump, shortage, affordable, lowincome, jimmy, public, dependent, assistance, ignoring


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Former President Jimmy Carter lives in a $167,000 house and shops at the Dollar General

Carter’s modest lifestyle is sharply different from those of other living former presidents. And while Bill Clinton said he left the White House $16 million in debt, that was swiftly erased thanks to his lucrative paid speeches and book deals. Clinton’s real estate portfolio includes a $1.7 million home in Chappaqua, New York and a $2.85 million home in Washington, D.C. In 2015, Politico reported that George W. Bush had given at least 200 paid speeches since 2009, typically making around $100,00


Carter’s modest lifestyle is sharply different from those of other living former presidents. And while Bill Clinton said he left the White House $16 million in debt, that was swiftly erased thanks to his lucrative paid speeches and book deals. Clinton’s real estate portfolio includes a $1.7 million home in Chappaqua, New York and a $2.85 million home in Washington, D.C. In 2015, Politico reported that George W. Bush had given at least 200 paid speeches since 2009, typically making around $100,00
Former President Jimmy Carter lives in a $167,000 house and shops at the Dollar General Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-22  Authors: sarah berger, icon sportswire, getty images, library of congress
Keywords: news, cnbc, companies, dollar, president, lives, 167000, york, house, carter, clinton, shops, washington, general, youtube, carters, living, paid, speeches, reported, jimmy, million


Former President Jimmy Carter lives in a $167,000 house and shops at the Dollar General

Carter’s modest lifestyle is sharply different from those of other living former presidents.

In 2017, Barack Obama purchased an $8.1 million mansion in Washington, D.C., and is well known for his family’s tradition of taking a summer vacation to the picturesque (and pricey) Martha’s Vineyard. The secluded property they would rent out for those vacations just sold for $15 million.

And while Bill Clinton said he left the White House $16 million in debt, that was swiftly erased thanks to his lucrative paid speeches and book deals. It’s been reported by NPR that his first year out of office, Clinton gave 57 speeches and raked in a whopping $13.7 million from his “speaking and writing business,” according to a 2001 tax return.

Clinton’s real estate portfolio includes a $1.7 million home in Chappaqua, New York and a $2.85 million home in Washington, D.C.

In 2015, Politico reported that George W. Bush had given at least 200 paid speeches since 2009, typically making around $100,000 to $175,000 per appearance.

But fancy living is not Carter’s style. Instead, the 2002 Nobel Peace Prize winner says, “It just never had been my ambition to be rich.”

Don’t miss: Over $600,000 has been raised on Kickstarter for a Ruth Bader Ginsburg action figure

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Company: cnbc, Activity: cnbc, Date: 2018-08-22  Authors: sarah berger, icon sportswire, getty images, library of congress
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Former President Jimmy Carter lives in a $167,000 house and shops at the Dollar General

Former President Jimmy Carter might have once called the white mansion at 1600 Pennsylvania Avenue his home, but now, he lives in a much, much more modest abode. Carter, the nation’s 39th president and oldest-living former president in U.S. history at 94 years old, lives a fairly normal — and frugal — life, according to The Washington Post. In fact, Carter still lives in the ranch house he built himself in 1961. The home, in rural Plains, Georgia (about a 2½-hour drive south of Atlanta) is a two


Former President Jimmy Carter might have once called the white mansion at 1600 Pennsylvania Avenue his home, but now, he lives in a much, much more modest abode. Carter, the nation’s 39th president and oldest-living former president in U.S. history at 94 years old, lives a fairly normal — and frugal — life, according to The Washington Post. In fact, Carter still lives in the ranch house he built himself in 1961. The home, in rural Plains, Georgia (about a 2½-hour drive south of Atlanta) is a two
Former President Jimmy Carter lives in a $167,000 house and shops at the Dollar General Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-22  Authors: sarah berger, icon sportswire, getty images, library of congress
Keywords: news, cnbc, companies, washington, carter, dollar, jimmy, zillow, general, president, house, ranch, georgia, 167000, according, white, post, lives, shops


Former President Jimmy Carter lives in a $167,000 house and shops at the Dollar General

Former President Jimmy Carter might have once called the white mansion at 1600 Pennsylvania Avenue his home, but now, he lives in a much, much more modest abode.

Carter, the nation’s 39th president and oldest-living former president in U.S. history at 94 years old, lives a fairly normal — and frugal — life, according to The Washington Post. In fact, Carter still lives in the ranch house he built himself in 1961.

The home, in rural Plains, Georgia (about a 2½-hour drive south of Atlanta) is a two-bedroom ranch assessed at just $167,000, which is “less than the value of the armored Secret Service vehicles parked outside,” the Post reports. It’s also less than the median home price in Georgia, which is $175,300, according to real estate site Zillow.


Company: cnbc, Activity: cnbc, Date: 2018-08-22  Authors: sarah berger, icon sportswire, getty images, library of congress
Keywords: news, cnbc, companies, washington, carter, dollar, jimmy, zillow, general, president, house, ranch, georgia, 167000, according, white, post, lives, shops


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Jay-Z and Warren Buffett agree — having this mindset will help you succeed

“It’s the discipline not to get caught up in the moment,” Carter told Forbes in a 2010 joint interview with Buffett. “People tend to make emotional decisions based on that,” Carter told Forbes. “What you need is emotional stability,” Buffett told Forbes during the interview with Carter. “The money is made in investments by investing,” Buffett told CNBC in 2016, “and by owning good companies for long periods of time. “It never bothered me if people disagreed with what I thought,” Buffet told Forb


“It’s the discipline not to get caught up in the moment,” Carter told Forbes in a 2010 joint interview with Buffett. “People tend to make emotional decisions based on that,” Carter told Forbes. “What you need is emotional stability,” Buffett told Forbes during the interview with Carter. “The money is made in investments by investing,” Buffett told CNBC in 2016, “and by owning good companies for long periods of time. “It never bothered me if people disagreed with what I thought,” Buffet told Forb
Jay-Z and Warren Buffett agree — having this mindset will help you succeed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-20  Authors: ali montag, johnny nunez, getty images
Keywords: news, cnbc, companies, warren, help, having, hot, buffett, investing, succeed, mindset, forbes, carter, buy, think, say, moment, jayz, agree, told


Jay-Z and Warren Buffett agree — having this mindset will help you succeed

At first blush, 48-year-old rapper Jay-Z and 87-year-old investor Warren Buffett may seem like opposites: Jay-Z, born Shawn Carter, grew up during the 1970s in public housing in Brooklyn, New York. Buffett was raised in the ’30s in Omaha, Nebraska, the son of a stockbroker and congressman. Carter is an artist and Buffett loves numbers.

And yet, the pair have more in common than their outrageous success (Carter’s net worth is estimated to be more than $900 million and Buffett’s tops $81 billion). The two share a mindset that they say has been critical in business: long-term thinking.

“It’s the discipline not to get caught up in the moment,” Carter told Forbes in a 2010 joint interview with Buffett.

There’s always “the hot thing of the moment,” Carter explained.

In music, it’s “a hot, electro sound, or the hot auto-tune voice or the hot whatever’s new and exciting,” he said. In Buffett’s world, it could be whatever stock is up.

“People tend to make emotional decisions based on that,” Carter told Forbes. “They don’t stick with what they know, you know, ‘This is who I am. This is what I do.’ They jump on this next hot thing.

“People fall in love with shiny things.”

But being shortsighted isn’t the way to build lasting success, say the pair.

“What you need is emotional stability,” Buffett told Forbes during the interview with Carter. “You have to be able to think independently, and when you come to a conclusion you have to really not care what other people say. Just follow the facts and your reasoning.”

For Carter, who released album “Everything Is Love” with Beyoncé on June 16, “It’s just having the discipline, and the confidence in who I am,” he told Forbes. “If I go into a studio and find my truth of the moment, there are a number of people in the world who can relate to what I’m saying, and are going to buy into what I’m doing. Not because it’s the new thing of the moment, but because it’s genuine emotion.”

With Buffett, it’s evident in his “buy and hold” investing style.

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes,” Buffett wrote in his 1996 letter to shareholders for Berkshire Hathaway.

“The money is made in investments by investing,” Buffett told CNBC in 2016, “and by owning good companies for long periods of time. If [investors] buy good companies, buy them over time, they’re going to do fine 10, 20, 30 years from now.”

It’s true that Buffett has missed out on investing in buzzy companies that later turned out to be winners, like Amazon and Google (“The problem is when I think something will be a miracle, I tend not to bet on it,” he said at the Berkshire Hathaway 2018 annual shareholder meeting in May). But big picture, Berkshire Hathaway has performed enormously: Its rising market value generated a 20.9 percent annual return from 1965 to 2017. In that time, the S&P 500 returned only 9.9 percent.

“It never bothered me if people disagreed with what I thought,” Buffet told Forbes, “as long as I felt I knew the facts.”

Don’t miss: Warren Buffett and Mark Cuban met for lunch at Dairy Queen — here’s what happened

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Company: cnbc, Activity: cnbc, Date: 2018-06-20  Authors: ali montag, johnny nunez, getty images
Keywords: news, cnbc, companies, warren, help, having, hot, buffett, investing, succeed, mindset, forbes, carter, buy, think, say, moment, jayz, agree, told


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