Posts

Showing posts from January, 2016

Hugh Hefner's Playboy Mansion For Sale at $200 Million

Image
Other than President Obama's White House, the Playboy Mansion is the most famous home in
the United States. The dream home for millions of teen boys, their fathers and grandfathers is now for sale at $200 million. Chicago native and Playboy founder Hugh Hefner bought the 20,000-square-foot Los Angeles mansion on five acres in 1971 for $1.05 million and relocated full time from the original Playboy Mansion in Chicago in 1974. Built in 1927 for the son of Arthur Letts, who was the founder of Los Angeles department stores The Broadway and Bullocks, the home is located in the ritzy Holmby Hills neighborhood, an area that Letts kick-started in 1919 when he bought 400 acres of the Wolfskill Ranch. Neighbors include the Los Angels Country Club, UCLA and Beverly Hills. Over the years, Hefner and Playboy Enterprises have spent millions of dollars to renovate, update and expand the estate which includes the 29-room mansion with six bedrooms and baths, a four-bedroom guest house, pool, tenni…

Billionaire Ken Fisher Speaks about the Stock Market, Annuities, Terrorism, Climate Change, and Debt

Image
(Reprinted courtesy of Stockerblog.com)
The following fascinating interview was provided by Kenneth L. Fisher, head of the money management firm Fisher Investments, long time columnist for Forbes Magazine, billionaire, and author of numerous books. His latest book is Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently, which I highly recommend.

You may have seen him on TV commercials, or you may have spotted his magazine ads. If you are a reader of Forbes, you would definitely find his column. Fisher is on the Forbes 400 list of richest Americans and Forbes world billionaires list. According to Investment Advisor magazine, he is one of the 30 most influential people in the investment advisory business over the last 30 years. Fisher is considered to be the largest wealth manager in the United States.

We cover a lot in this interview, including:
Whether or not we are still in a bull marketWhat it means to be a true contrarianWhat the professional forecasters are predi…

Andy Warhol Home Sells for Half the Price of His Expensive Paintings: $50 Million

Image
Andy Warhol's Hamptons' beach home just sold for $50 million - about half the price that Warhol's most famous paintings sell. Warhol's home is featured this week at TopTenRealEstateDeals.com.

“Andy Warhol Home Sells $50 Million”
Montauk, New York is celebrating its biggest estate sale ever after the closing on the 5.7-acre beachfront estate at $50 million that pop artist Andy Warhol bought in 1972 for $225,000.
The most recent owner of the compound was CEO of J. Crew, Mickey Drexler, who bought it in 2007 for $27 million. He listed it in 2015 for $85 million that included a 24-acre horse farm and equine center, which the buyer, Adam Lindemann, opted out of the purchase. Lindemann is the founder of the Venus Over Manhattan Gallery and a major collector of Warhol’s works making the property’s history especially significant for him. Warhol’s first gig out of art school was as a fashion illustrator for several of the top women’s magazines. With the money acquired from his i…