Did you know that speaking the same language significantly helps to build business relations? It is proven that companies putting effort into training their staff in foreign languages — especially languages of countries they want to do business with — have better returns than businesses that don’t respond to that.

What are the most important languages in the world in the coming years?

Why is it necessary to learn languages?

Let´s clarify some thoughts first to get the right frame around the ranking.

We have Artificial Intelligence in development worldwide. And Google Translate already translates entire business and legal text…

Mr. Buffett is the most iconic investor of the last 100 years. His value investment approach has made an average of 20% per year for the Berkshire Hathaway shareholders since the 1960s, twice as much as the S&P 500 compounded in the same time period.

Warren Buffett definitely knows how to build, run and invest in successful businesses.

Thanks to the internet, many of his speeches are available online today—a great source of life and investment wisdom conserved for future generations.

One of the best speeches, in my opinion, is his lecture at the Terry College of Business held in…

The full speech at this Link

Testing. 1 million. 2 million. Great, okay. I came in from Nebraska today, and you’re probably all familiar with us, mainly by our football team. We have those fellows with the big white helmets with those red ‘N’s on them. I asked one of our starters the other day, “What’s the ’N’ stand for?” And he said, “Knowledge.” We make it tough on them though. I mean you don’t coast through Nebraska just because you’re a football player. They major in agricultural economics, and there’s a two question final for all of the players…

2020 was an awesome year on the stock market. Everybody smart enough to buy only a few shares in a company discovered the investment genius within.

Does it mean that the population got smarter in 2020 when it comes to investment?

Hopefully, this is a side effect and might impact the markets in the future.

The truth is that money didn’t have many places to flow, and governments all over the world issued bailout program after bailout program to fight the negative consequences of the economic pandemic shut down.

In this year, some investment funds were up between 100 and…

Meanwhile, it is well known — thanks to Twitter and Media Coverage — Tesla bought Bitcoins.

Tesla deployed 1.5 billion dollars in Bitcoin in January 2021 —and the company disclosed it in the annual report for the year 2020.

I couldn’t track down the exact purchase date or the price, but I made some assumptions to answer my most pressing question:

What impact will this move have on Tesla's long-term profitability?

If I were responsible for investing 1.5 billion in Bitcoin, I would buy it over a longer time period and not all in one go.

Bitcoin has a market…

Very often, while attending incubation or acceleration programs as a mentor, I hear those odd hero stories:

We started with nothing and worked 16 hours per day, 7 days a week, for years, and eventually, slowly, we became successful.

After 20 years of sleeping on office-floors and eating garbage, we woke up with 300,000 dollars for every founder in cash after selling our soul to the highest bidder in the market.

Now they are single and in their 50s with poor health and an alcoholic problem.

Ok, it is slightly exaggerated, but similar less frightening ghost stories are told over…

Book Review 03/2021

What is entrepreneurship, and how do people create a successful business?

Over the last decades, many people started spending their time thinking about those questions.

When I was in school, only a few people went to a commercial school and decided to earn an MBA.

Today the offerings at universities very often include entrepreneurship as a topic in different disciplines.

Incubation and Acceleration programs set up by governments and companies are providing help for first-time founders.

I like looking at those who created lasting business success, reading their books, and listening to interviews to determine which factors made them successful…