Shaq: As soon as I started investing like Jeff Bezos, ‘I probably quadrupled what I’m worth’

“If something comes across my desk and I don’t believe in it, I don’t even look at it,” said O’Neal, even if it looks excellent on paper. “Once I started doing that strategy, I think I probably quadrupled what I’m worth.” He also owns 17 Auntie Anne’s , a Krispy Kreme franchise and a Big Chicken restaurant in Las Vegas. Of all of his investments, Krispy Kreme is his favorite, he told the WSJ, “because I like donuts. … Krispy Kreme is a fabulous donut.


“If something comes across my desk and I don’t believe in it, I don’t even look at it,” said O’Neal, even if it looks excellent on paper. “Once I started doing that strategy, I think I probably quadrupled what I’m worth.” He also owns 17 Auntie Anne’s , a Krispy Kreme franchise and a Big Chicken restaurant in Las Vegas. Of all of his investments, Krispy Kreme is his favorite, he told the WSJ, “because I like donuts. … Krispy Kreme is a fabulous donut.
Shaq: As soon as I started investing like Jeff Bezos, ‘I probably quadrupled what I’m worth’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: kathleen elkins
Keywords: news, cnbc, companies, bezos, oneal, investing, shaq, worth, soon, im, comes, dont, believe, told, started, investments, probably, quadrupled, jeff, investor, krispy, kreme


Shaq: As soon as I started investing like Jeff Bezos, 'I probably quadrupled what I'm worth'

As he told CNBC’s Bob Pisani last year , “I never say, ‘If I invest in this, five years down the line, we could sell it for this.’ Every time I’ve had that model, it’s always been a failure.”

It helps him decide what opportunities to jump on and which ones to pass up. “If something comes across my desk and I don’t believe in it, I don’t even look at it,” said O’Neal, even if it looks excellent on paper. In fact, he rarely focuses on the numbers: “Whenever I do business, it’s not about the money.”

When it comes to investing, the former NBA star draws inspiration from Amazon’s founder and CEO: “I heard Jeff Bezos say one time [that] he makes his investments based on if it’s going to change people’s lives,” O’Neal told the Wall Street Journal in a recent interview. “Once I started doing that strategy, I think I probably quadrupled what I’m worth.”

Since retiring from his 19-year basketball career in 2011, Shaquille O’Neal has seen just as much success off the court: He was an early investor in Google and has since accumulated an impressive portfolio, including investments in Apple, 24 Hour Fitness and nightclubs in Las Vegas. He also owns 17 Auntie Anne’s , a Krispy Kreme franchise and a Big Chicken restaurant in Las Vegas.

He’s not the only successful investor who sticks with what he knows and trusts. “Make sure you’re investing in things that you believe in, as opposed to investing in things that other people believe in,” PayPal’s senior vice president of international markets, Rohan Mahadevan, tells CNBC Make It. He recommends testing a product or service before investing in it to better understand how the business operates.

O’Neal also prefers to work with companies he personally enjoys. Of all of his investments, Krispy Kreme is his favorite, he told the WSJ, “because I like donuts. … Krispy Kreme is a fabulous donut. I was introduced to it in college and have been in love with it ever since.”

That said, you don’t necessarily want to invest in something just because you like it. You want to make sure you truly understand the company, too, says legendary investor Warren Buffett: “What an investor needs is the ability to correctly evaluate selected businesses. Note that word ‘selected’: You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence.

“The size of that circle is not very important; knowing its boundaries, however, is vital.”

Simply put, when it comes to investing, Buffett says to stick to what you know. “Defining what your game is — where you’re going to have an edge — is enormously important.”

Once you’ve done that, buy and hold, he adds: “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.”

Don’t miss: Shaq uses a brilliant analogy to show young people how billionaires manage their money

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Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: kathleen elkins
Keywords: news, cnbc, companies, bezos, oneal, investing, shaq, worth, soon, im, comes, dont, believe, told, started, investments, probably, quadrupled, jeff, investor, krispy, kreme


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AT&T will soon automatically block annoying robocalls

AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The FCC mandated in February that U.S. carriers need to help stop spam calls. T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers. Correction: A previous vers


AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The FCC mandated in February that U.S. carriers need to help stop spam calls. T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers. Correction: A previous vers
AT&T will soon automatically block annoying robocalls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: todd haselton
Keywords: news, cnbc, companies, att, customers, calls, soon, annoying, scam, users, automatically, suspected, spam, robocalls, turned, unwanted, block


AT&T will soon automatically block annoying robocalls

AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The blocking will first activate for new lines and will then be applied to all existing accounts, the carrier said on Tuesday.

The feature will be on by default but can be turned off by users who don’t want it, per rules set by the Federal Communications Commission that require carriers to let customers opt out.

The FCC mandated in February that U.S. carriers need to help stop spam calls. Hiya, a spam-blocking app, estimates that 25.3 billion unwanted robocalls were received by U.S. wireless customers in the first half of this year alone, even to people who are registered on the Do Not Call list.

AT&T’s service is the first that will be on by default, instead of requiring users to opt in or download a separate app.

T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. Sprint charges a $2.99 fee for Premium Caller ID, and Verizon alerts customers if a call is from a suspected spammer. Google and Apple have worked to add spam blocking into Android and iOS too.

The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers.

Correction: A previous version of this story included an incorrect number of unwanted robocalls.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: todd haselton
Keywords: news, cnbc, companies, att, customers, calls, soon, annoying, scam, users, automatically, suspected, spam, robocalls, turned, unwanted, block


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Here are Barclay’s favorite tech stocks into earnings

The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more


The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more
Here are Barclay’s favorite tech stocks into earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, supply, lowreal, tech, stocks, earnings, market, housing, favorite, barclays, soon, half, shift, second, hit, way


Here are Barclay's favorite tech stocks into earnings

The housing market is about to shift in a bad way for buyers

Inventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low.

Real Estate

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, supply, lowreal, tech, stocks, earnings, market, housing, favorite, barclays, soon, half, shift, second, hit, way


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Your first trade for Tuesday, July 9

The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more


The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more
Your first trade for Tuesday, July 9 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: tyler bailey
Keywords: news, cnbc, companies, housing, half, market, supply, trade, second, lowreal, soon, shift, hit, way


Your first trade for Tuesday, July 9

The housing market is about to shift in a bad way for buyers

Inventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low.

Real Estate

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: tyler bailey
Keywords: news, cnbc, companies, housing, half, market, supply, trade, second, lowreal, soon, shift, hit, way


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Cisco plans to acquire Acacia Communications in a $2.6 billion deal

The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more


The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more
Cisco plans to acquire Acacia Communications in a $2.6 billion deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lauren feiner
Keywords: news, cnbc, companies, housing, half, market, acacia, supply, soon, cisco, acquire, deal, billion, plans, communications, second, 26, shift, lowreal, hit, way


Cisco plans to acquire Acacia Communications in a $2.6 billion deal

The housing market is about to shift in a bad way for buyers

Inventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low.

Real Estate

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lauren feiner
Keywords: news, cnbc, companies, housing, half, market, acacia, supply, soon, cisco, acquire, deal, billion, plans, communications, second, 26, shift, lowreal, hit, way


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Guggenheim says Best Buy is the most undervalued large-cap retailer, sees an 11% upside

The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more


The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more
Guggenheim says Best Buy is the most undervalued large-cap retailer, sees an 11% upside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, supply, 11, retailer, lowreal, market, largecap, second, housing, buy, soon, hit, half, guggenheim, shift, best, undervalued, upside, sees, way


Guggenheim says Best Buy is the most undervalued large-cap retailer, sees an 11% upside

The housing market is about to shift in a bad way for buyers

Inventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low.

Real Estate

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, supply, 11, retailer, lowreal, market, largecap, second, housing, buy, soon, hit, half, guggenheim, shift, best, undervalued, upside, sees, way


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Federal appeals court says Amazon is liable for third-party sellers’ products

Kudlow says US-China trade talks to be held in person as soon as…Kudlow later backed away slightly from his timeline, saying that the face-to-face talks would begin “soon” and that an announcement would be forthcoming. Politicsread more


Kudlow says US-China trade talks to be held in person as soon as…Kudlow later backed away slightly from his timeline, saying that the face-to-face talks would begin “soon” and that an announcement would be forthcoming. Politicsread more
Federal appeals court says Amazon is liable for third-party sellers’ products Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: salvador rodriguez lauren feiner, salvador rodriguez, lauren feiner
Keywords: news, cnbc, companies, products, amazon, timeline, appeals, trade, slightly, person, soon, saying, later, sellers, federal, kudlow, uschina, thirdparty, talks, liable, court


Federal appeals court says Amazon is liable for third-party sellers' products

Kudlow says US-China trade talks to be held in person as soon as…

Kudlow later backed away slightly from his timeline, saying that the face-to-face talks would begin “soon” and that an announcement would be forthcoming.

Politics

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: salvador rodriguez lauren feiner, salvador rodriguez, lauren feiner
Keywords: news, cnbc, companies, products, amazon, timeline, appeals, trade, slightly, person, soon, saying, later, sellers, federal, kudlow, uschina, thirdparty, talks, liable, court


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Your iPhone will soon be able to identify dogs and cats thanks to Apple’s new detector

The software shows Apple’s continued efforts to take complicated and tricky machine learning techniques, and package them as part of the iPhone operating system. Computer vision is also a core underlying technology for self-driving cars and augmented reality glasses. Apple’s Photos app has been able to identify cats and dogs from user photos since 2016. The software is part of Apple’s Vision framework, which gives developers tools for image recognition, and it isn’t intended for end users. It wa


The software shows Apple’s continued efforts to take complicated and tricky machine learning techniques, and package them as part of the iPhone operating system. Computer vision is also a core underlying technology for self-driving cars and augmented reality glasses. Apple’s Photos app has been able to identify cats and dogs from user photos since 2016. The software is part of Apple’s Vision framework, which gives developers tools for image recognition, and it isn’t intended for end users. It wa
Your iPhone will soon be able to identify dogs and cats thanks to Apple’s new detector Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: kif leswing
Keywords: news, cnbc, companies, thanks, software, iphone, dogs, soon, apples, framework, able, identify, vnanimaldetector, computer, cats, detector, vision, photos, users


Your iPhone will soon be able to identify dogs and cats thanks to Apple's new detector

A new feature in an upcoming version of Apple’s iOS will enable iPhones to look at images and identify which parts of that picture are cats or dogs.

The software, called VNAnimalDetector, basically draws a digital rectangle around any part of a photograph containing an animal and labels it as either a cat or dog.

The software shows Apple’s continued efforts to take complicated and tricky machine learning techniques, and package them as part of the iPhone operating system.

It also emphasizes Apple’s large investment into computer vision, a subset of computer science that focuses on enabling cameras and other sensors to “see” and understand the real world. Computer vision is also a core underlying technology for self-driving cars and augmented reality glasses.

The detector also suggests that Apple is very aware of how many pictures of their fuzzy friends iPhone users take. Apple’s Photos app has been able to identify cats and dogs from user photos since 2016.

The software is part of Apple’s Vision framework, which gives developers tools for image recognition, and it isn’t intended for end users. Instead, the Vision framework is designed to be built into apps. Apple also built a detector for humans, which can take an image as input, and draw rectangles around any people in the picture.

It was previously possible to identify cats or people using machine learning. Lots of computer scientists and big companies have made pet detectors in the past. But VNAnimalDetector makes it easier to build into apps, in as little as four lines of code, according to a presentation at Apple’s annual developer’s conference earlier this month.

Other new advancements in the Vision framework include the ability to identify whether two images are similar, additional facial recognition abilities and the ability to identify which objects are in a photo, even if they’re not pets.

Additional technical information about the Vision API is available on Apple’s website. Additional cat photos can be found all over the internet.


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: kif leswing
Keywords: news, cnbc, companies, thanks, software, iphone, dogs, soon, apples, framework, able, identify, vnanimaldetector, computer, cats, detector, vision, photos, users


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Bank stocks will soon yield more than the debt of developing countries like Mexico and Brazil

Large U.S. banks will soon have a total average cash yield of 10%, more than what the sovereign debt of countries like Mexico and Brazil pays, according to Wells Fargo analyst Mike Mayo. The industry’s 10% yield was calculated by adding up banks’ projected dividends and share buybacks, divided by market capitalization, Mayo wrote in the June 25 note. The figure covers the period starting from the third quarter of this year to the second quarter of 2020. “Investors seem unimpressed at the moment


Large U.S. banks will soon have a total average cash yield of 10%, more than what the sovereign debt of countries like Mexico and Brazil pays, according to Wells Fargo analyst Mike Mayo. The industry’s 10% yield was calculated by adding up banks’ projected dividends and share buybacks, divided by market capitalization, Mayo wrote in the June 25 note. The figure covers the period starting from the third quarter of this year to the second quarter of 2020. “Investors seem unimpressed at the moment
Bank stocks will soon yield more than the debt of developing countries like Mexico and Brazil Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: hugh son
Keywords: news, cnbc, companies, bank, yield, brazil, wrote, developing, stocks, soon, countries, banks, share, level, quarter, interest, debt, mayo, mexico, markets


Bank stocks will soon yield more than the debt of developing countries like Mexico and Brazil

Large U.S. banks will soon have a total average cash yield of 10%, more than what the sovereign debt of countries like Mexico and Brazil pays, according to Wells Fargo analyst Mike Mayo.

Lenders including J.P. Morgan Chase and Bank of America are widely expected to increase dividends and share repurchases after the Federal Reserve discloses the results of the industry’s stress tests on Thursday. The institutions passed the first round of the Fed’s annual examinations last week.

The industry’s 10% yield was calculated by adding up banks’ projected dividends and share buybacks, divided by market capitalization, Mayo wrote in the June 25 note. The figure covers the period starting from the third quarter of this year to the second quarter of 2020.

“That 10% yield is off the charts and the highest level in history relative to the 10-year bond, which is at 2%,” Mayo said Wednesday on CNBC’s “Closing Bell.”

At that level, it exceeds the yield from Mexico (8%) and Brazil (5%), and is equivalent to the yield from CCC-rated U.S. corporate debt, or junk bonds that have a “considerable risk that interest and/or principal will not be repaid,” he wrote.

It also exceeds the yield of emerging markets high-yield credit (7.5%) and most other bond categories, where yields have been suppressed as central banks around the world maintain low interest rates.

“Investors seem unimpressed at the moment given sluggish 2Q19 capital markets,” Mayo wrote. But “U.S. bank stocks seem poised for upside with a favorable economic event, such as a steeper yield curve or a U.S. trade agreement.”


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: hugh son
Keywords: news, cnbc, companies, bank, yield, brazil, wrote, developing, stocks, soon, countries, banks, share, level, quarter, interest, debt, mayo, mexico, markets


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Here’s how the Apple Watch will soon help protect your hearing

Todd Haselton | CNBCApple will update the Apple Watch with its latest software, watchOS 6 in the fall. But you can turn it on inside the new watchOS 6 Apple Watch app on your iPhone. You can turn on the option in the new Apple Watch app, which will be available in the fall. Then, on my Apple Watch, I turned on one of the watch widgets (Apple calls these complications) to show me decibel readings in real time. I turned on Spotify and it jumped up a little bit more:The Apple Watch will soon tell y


Todd Haselton | CNBCApple will update the Apple Watch with its latest software, watchOS 6 in the fall. But you can turn it on inside the new watchOS 6 Apple Watch app on your iPhone. You can turn on the option in the new Apple Watch app, which will be available in the fall. Then, on my Apple Watch, I turned on one of the watch widgets (Apple calls these complications) to show me decibel readings in real time. I turned on Spotify and it jumped up a little bit more:The Apple Watch will soon tell y
Here’s how the Apple Watch will soon help protect your hearing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-14  Authors: todd haselton
Keywords: news, cnbc, companies, apple, protect, hearing, decibels, haselton, minutes, environment, soon, heres, watch, world, todd, organization, help, health


Here's how the Apple Watch will soon help protect your hearing

You shouldn’t be in an environment louder than 100 decibels for longer than 3 minutes, according to the World Health Organization. Todd Haselton | CNBC

Apple will update the Apple Watch with its latest software, watchOS 6 in the fall. It’ll include a new feature called Noise that can be used to notify you if the environment you’re in is loud enough to damage your hearing. I tried it out using the watchOS 6 beta, and it’s pretty neat. Noise is off by default. But you can turn it on inside the new watchOS 6 Apple Watch app on your iPhone.

You can turn on the option in the new Apple Watch app, which will be available in the fall. I’m using a beta version here to test and show you. Todd Haselton | CNBC

I was able to set up notifications for when my Apple Watch detected a specific noise threshold. Apple recommended sound levels from the World Health Organization, which let you get notifications for when you hit certain decibel volumes. Per the recommendations, you shouldn’t exceed: 80 decibels for longer than five hours per day.

85 decibels for more than two hours per day.

90 decibels for more than 30 minutes per day.

95 decibels for 10 minutes per day.

100 decibels for more than three minutes per day. I set the controls right in the middle, at 90 decibels, but you can choose to get a notification when your watch notices the volume in your environment is more than any of those thresholds for longer than three minutes. Then, on my Apple Watch, I turned on one of the watch widgets (Apple calls these complications) to show me decibel readings in real time. The watch showed the environment I was in was at a safe 34 decibels just sitting at the computer. It jumped to about 45 decibels when I was typing, but again that was still safe. I turned on Spotify and it jumped up a little bit more:

The Apple Watch will soon tell you if it’s too loud. Todd Haselton | CNBC

Then I cranked up the music volume and my dog started barking. According to the World Health Organization stats, I shouldn’t be in this environment for more than five hours a day.

You should limit your exposure to anything louder than 80 decibels to less than 5 hours a day, according to the World Health Organization. Todd Haselton | CNBC

Finally, I was able to get it up to 100 decibels by whistling as loud as I could right into the Apple Watch:

You shouldn’t be in an environment louder than 100 decibels for longer than 3 minutes, according to the World Health Organization. Todd Haselton | CNBC


Company: cnbc, Activity: cnbc, Date: 2019-06-14  Authors: todd haselton
Keywords: news, cnbc, companies, apple, protect, hearing, decibels, haselton, minutes, environment, soon, heres, watch, world, todd, organization, help, health


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