#WARRENBUFFETTTELLSYOUHOWTOTURN$40INTO$10MILLION By Patrick Morris

Warren Buffett is perhaps the greatest investor of all time, and he has a simple solution that could help an individual turn $40 into $10 million.
A few years ago, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) CEO and Chairman Warren Buffett spoke about one of his favorite companies, Coca-Cola (NYSE: KO), and how after dividends, stock splits, and patient reinvestment, someone who bought just $40 worth of the company's stock when it went public in 1919 would now have more than $5 million.

Yet in April 2012, when the board of directors proposed a stock split of the beloved soft-drink manufacturer, that figure was updated and the company noted that original $40 would now be worth $9.8 million. A little back-of-the-envelope math of the total return of Coke since May 2012 would mean that $9.8 million is now worth about $10.8 million.
The power of patienceI know that $40 in 1919 is very different from $40 today. However, even after factoring for inflation, it turns out to be $540 in today's money. Put differently, would you rather have an Xbox One, or almost $11 million?
But the thing is, it isn't even as though an investment in Coca-Cola was a no-brainer at that point, or in the near century since then. Sugar prices were rising. World War I had just ended a year prior. The Great Depression happened a few years later. World War II resulted in sugar rationing. And there have been countless other things over the past 100 years that would cause someone to question whether their money should be in stocks, much less one of a consumer-goods company like Coca-Cola.
The dangers of timing
Yet as Buffett has noted continually, it's terribly dangerous to attempt to time the market:

"With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when" 

So often investors are told they must attempt to time the market, and begin investing when the market is on the rise, and sell when the market is falling.
This type of technical analysis of watching stock movements and buying based on how the prices fluctuate over 200-day moving averages or other seemingly arbitrary fluctuations often receives a lot of media attention, but it has been proved to simply be no better than random chance.
Investing for the long termIndividuals need to see that investing is not like placing a wager on the 49ers to cover the spread against the Panthers, but instead it's buying a tangible piece of a business.
It is absolutely important to understand the relative price you are paying for that business, but what isn't important is attempting to understand whether you're buying in at the "right time," as that is so often just an arbitrary imagination.
In Buffett's own words, "if you're right about the business, you'll make a lot of money," so don't bother about attempting to buy stocks based on how their stock charts have looked over the past 200 days. Instead always remember that "it's far better to buy a wonderful company at a fair price."

How About Three Wonderful Companies?
The Economist compares this disruptive invention to the steam engine and the printing press. Business Insider says it's "the next trillion dollar industry." And everyone from BMW, to Nike, to the U.S. Air Force is already using it every day. Watch The Motley Fool's shocking video presentation today to discover the garage gadget that's putting an end to the Made In China era... and learn the investing strategy we've used to double our money on these 3 stocks. Click here to watch now!

Some bonus investing advice for 2014 
The Economist  compares this disruptive invention to the steam engine and the printing press.  Business Insider  says it's "the next trillion dollar industry." And everyone from BMW, to Nike, to the U.S. Air Force is already using it every day. Watch The Motley Fool's  shocking video presentation  today to discover the garage gadget that's putting an end to the Made In China era... and learn the investing strategy we've used to double our money on these 3 stocks.  Click here  to watch now!

$19 TRILLION INDUSTRY COULD DESTROY INTERNET
It's time to say "goodbye" to your Internet!

One bleeding-edge technology is about to put the World-Wide-Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism... The Economist is calling it "transformative"... But you’ll probably just call it "how I made my millions." 

#THELITTLESHOPTHAT'SPUTTINGCHINAOUTOFBUSINESS.

A new store recently opened at 298 Mulberry Street in downtown Manhattan.

And if you walk in the door, you'll see something truly amazing. And I'm not just talking about the characters from Sesame Street.

Because this is something that's about to close down 112,000 Chinese factories...

... And launch a 21st-century industrial revolution right here in the U.S.A.

Jay Leno bought one and put it in his garage (but it's not a car).

So did Nike, BMW, and Disney World. And now that Sesame Street has jumped on board... your kids' dreams could come to life inside this tiny New York storefront.

But since the sticker price has recently plummeted from $100,000 to $799, it won't be long before everyone buys one.

Business Insider says it's "the next trillion dollar industry." The Economist has gone even further, comparing its history-changing impact to the steam engine and the printing press.

Too good to be true? Wall Street thinks so. Meanwhile, technology watchers are whispering that this invention could be "bigger than the internet."

See, the innovators behind the iPod, Google and Amazon.com have been big boosters all along. And you still have time to join them — if you act fast.

Because when the skeptics wise up, the big money will already be off the table.

#JORDANLEBRONKOBESIGNONWITHNEWSPORTSBUSINESS.

Exclusive: Consulting firm Teneo has lured the three biggest basketball stars on the planet, along with golfer Graeme McDowell, to its beefed-up sports arm. Will it usher in a new era?

How do you get Michael Jordan, Kobe Bryant and LeBron James to join your new sports business?
You bring on board a former Nike NKE 0.29% executive that has close, personal relationships with all three.
The business is Teneo Sports, which has existed since Teneo Inc., a global consulting firm, launched in 2011. The key executive is Charlie Denson, who worked at Nike for 34 years and was brand president from 2001 until last January, when he retired.
That retirement didn’t last long: Fortune has learned that Denson has joined Teneo Sports as its chairman; Jordan, Bryant, James and pro golfer Graeme McDowell are its first four athlete clients.
That’s a star-studded opening lineup that contains the world’s most famous living retired athlete, the NBA’s two biggest stars, and one rising-star golfer with a U.S. Open win under his belt. Two of those men landed in the top ten of our 2014 Fortunate 50 list of athlete earnings, and they compete with each other on the court, which made getting each of them on board particularly challenging. But Denson was the draw for the basketball players. McDowell, meanwhile, already had a sponsorship with Teneo, which meant placement of its name on his sleeve.
Declan Kelly and Paul Keary, both formerly of FTI Consulting, co-founded Teneo (pronounced teh-NAY-oh) in 2011 along with Doug Band, who spent a decade as an advisor to President Bill Clinton. The company provides services such as strategic communications, management consulting, investment banking and financial restructuring to a number of Fortune 100 corporations and CEOs.
Teneo has had a sports business since the beginning, but that business primarily helped cities or organizations make bids for sports events, such as the Winter Games in Vancouver in 2010 and in Sochi in 2014, both of which Teneo had a hand in. The company also has existing relationships with NASCAR and the WTA, among others. Teneo did not, previously, work with individual athletes, with the exception of McDowell and retired tennis legend Billie Jean King, who are official partners. Under Denson’s leadership, Teneo Sports will now provide athletes with a one-stop shop for their marketing and branding needs.
This is not a sports agency, though many will likely equate it with one. The athletes joining Teneo are retaining their agents, and those agents are not joining Teneo. Rather, Teneo seeks to let agents continue to manage their clients in the way they traditionally do, while Teneo will provide a wide range of business services for its athlete clients, including wealth management, tax planning, personal branding, business development and strategic partnerships. (This news comes just one month after Teneo brought on former U.S. senator George Mitchell as a senior adviser.)
The notion that is new here (or at least in keeping with current trends) is of the athlete as CEO of his or her own brand. The athlete is the content creator and the face of the brand. The agent’s role remains the same, but Teneo aims to improve on the typical model — where athletes outsource their various business needs to a range of different specialists — by giving the athlete only one call to make for any number of business needs. Teneo has partnered with a few entities for help with these functions, including Wieden and Kennedy for creative, UBS for finance, and DLA Piper, a leading sports law practice, for legal services.
This concept comes at a time when the business of athletes off the field or court is evolving. Endorsement deals are no longer simply about brands paying an athlete a fee to hawk their products (though those still exist, certainly), but more and more are about an athlete getting equity in a promising new business. Take LeBron James and Beats By Dre as the example: James signed on early, appearing in ads and using the product, not for any kind of endorsement fee but for an ownership percentage. That small stake, estimated at only one or two percent, reportedly brought James a windfall of $30 million when Beats sold to Apple last month for $3 billion. It’s what David Wright did a few years ago with Vitamin Water, and it’s what Mark Teixeira has done with Juice Press, and Vernon Davis with D1 Sports. This new model is also, experts say, a way for big brands to hedge better against the possibility of image-damaging athlete scandals.
To be sure, other big sports agencies such as IMG or Octagon — powerhouses that Teneo does not see as its competitors in this new venture — also offer services beyond mere representation, and would likely argue that Teneo is not the first to try something like this. But Teneo believes that Teneo Sports will be a game-changer, and so it will only be seeking athletes matching the caliber of its first four: a level that probably only includes some 100 stars across all the major global sports. In other words, it’s a tall order.
But the agents of at least these four stars, for starters, are fully on board. That includes big names in the representation world such as Rob Pelinka (Bryant’s agent), Rich Paul (James’s) and Colin Morrissey of Horizon (childhood friend and agent of McDowell). Maverick Carter, LeBron’s business manager and partner in LRMR Management, tells Fortune that the appeal of Teneo Sports is an additive one — it doesn’t replace what LRMR has been doing so well for years, but adds to it.
“What Teneo is setting up is what I’ve always set out to do since I started working with him,” says Carter. “It’s exactly what LRMR set out to do. They’re not out to make his next McDonald’s deal and take a fee, like I do as my business, but they’ll just be additional smart, like-minded people in the room to help me think about everything I’m doing.” Carter and James created LRMR in 2004, and in 2007 they bought a stake in Cannondale Bikes; when they sold that a year later for an undisclosed profit, Carter says, “it showed everyone, whoa, this idea really works, it’s real. That wasn’t the way things were done, but it’s the way we want to do things.”
Each of the four stars is joining Teneo Sports for different reasons, and no meeting between them all was necessary, but Carter says he did speak to Bryant directly at one point during the process.
McDowell was interested because he sees a change in the accessibility of pro athletes: they are now touchable, tangible people with whom fans can engage. Due to social media, it’s more difficult for them to hide and to be private. As a result, the athlete brand has to be extremely authentic. McDowell, who has some six to eight endorsements or corporate partnerships already, including with Verizon, MasterCard, and RBC, is looking to further cement what exactly the Graeme McDowell brand stands for.
What the Teneo Sports brand will stand for is a different question. In an age when Jay Z is a bona fide sports agent building Roc Nation Sports into a legitimate player, and an age in which Brazilian soccer star Neymar Jr. foregoes a press conference after his debilitating injury and instead posts a video of himself to YouTube, the sports marketing world is open for change. As Maverick Carter puts it, “LeBron is at the size where he does need to be run like a big company, so I’m not afraid to bring more smart people on board to help me do it.”

#THEPOWERFULQUESTIONSTHATWILLCHANGEYOURLIFEFOREVER by James McWhinney

Information is not knowledge.” ~Einstein
A few years ago I was lost. Frustrated. Scared. Unsure. Anxious. Trapped. Unfulfilled. Stuck in a dead-end job. Smothered by society’s expectations. Didn’t have a clue what I wanted to do with my life.
I cared for myself enough to change my life, but I didn’t have the slightest clue where to start. I spent my days wishing that things would change—that I could escape a life that my soul could no longer bear.
The worst part of all, I was living the life that society had always told me to live. “Find a secure job, work hard,” they would say. “Get a solid job and work your way up the ladder.”
I don’t know about you, but it turns out that for me, the “right thing to do” sucked the joy out of life.
Imagine feeling trapped in an unsatisying existence. Wasting your precious time doing things that you really don’t want to be doing. Being afraid to express your uniqueness. Having fun on the weekends then dreading the upcoming week. Maybe you don’t have to imagine it; maybe your life is just like mine was, few moments of satisfaction drowned out by a constant grind of work that doesn’t fulfill you.
Then something hit me. It was a proverbial hammer to my head. I’d heard it before, but it had never sunk in. Then, as if out of nowhere, a voice in my head spoke loudly and clearly.
“Discover who you truly are and fully give every aspect of your uniqueness to the world. This is your path to an extraordinary life.”
I followed this wisdom as if my life depended on it. And I can tell you that my life has changed for the better since I followed this guidance.
I can tell you without any doubt that the greatest piece of wisdom that I’ve discovered in my life thus far is this:
If you want to live an extraordinary life it is imperative that you know who you truly are, and to do so you must explore who you truly are. 
These 6 questions changed my life forever. They will also change your life forever by allowing you to find your true self, and in doing so, discover why you’ve been born into this great world.
I’m not talking about the “self’” that others demand you to be or the self that acts a certain way to fit in and conform with what society accepts. I’m talking about the true you—the you who wants to authentically express your special and unique qualities to the world.
By answering these questions you will discover your unique passions, strengths, values, desires, and motivations, which are all yearning for your expression.
You have a unique purpose. Discovering the answers to these questions will allow you to align yourself with that purpose and bring real magic into your life.
Self-knowledge is the greatest knowledge that you will ever acquire. Why? Because your ability to fulfill your unique internal drive will determine your ability to fulfill your potential, which in turn determines the quality of your life.
The questions below are designed to help to know yourself deeply and find what is truly important to you. We all have an unexpressed potential; the exercises are specifically designed to help you find yours.

1. What do I absolutely love in life?

List anything that you love about the world and the people in your life. Think about any activities that get you excited and enthusiastic and make you feel most alive. This can be absolutely anything: music, sports, cooking, teaching others, learning, watching movies—anything. Within your love for these things lies deep passion.

2. What are my greatest accomplishments in life so far?

List all of the moments that you are proud of as well as the times that you’ve succeeded. To have accomplished these, you would have used some of your key strengths. See if you can identify why you succeeded. Also, list any activities, hobbies, or anything else that you do that you complete with ease. Within these lie greatest strengths.

3. What would I stand for if I knew no one would judge me?

List everything that you would do if you weren’t afraid, even your wildest dreams. This will help you discover your greatest values.

4. If my life had absolutely no limits and I could have it all and do whatever I wanted, what would I choose to have and what would I choose to do?

Describe your ideal lifestyle. List what you would do throughout the day if you knew that you were bound to be successful, what kind of person you would be, how much money you would earn, and where you would live.
This question allows you to realize who you would truly want to be if there were no limits. By aligning with this you can begin working towards the life that you truly want to create. Know that you wouldn’t have a desire if you didn’t also have the ability to fulfil it.

5. What would I do if I had one billion dollars?

List everything that you would really love to do if you had all the money in the world. Okay, so you would probably travel the world, buy a house or two, and give some money to your family. Then what would you do with your time?
This question helps you to think without limitations. When we are able to remove limitations and boundaries, we can discover what we really want to do.

6. Who do I admire most in the world?

List your greatest inspirations and the qualities that you admire about these people. Think about what really inspires you in this world. What you admire about others is also a quality that is in you. Know that you admire someone because they have similar qualities to you.
Taking the time to answer these question will change your life. The more that you can implement your passions, strengths, values, desires, and motivations into your days, the happier your life will become!
You can study to become a doctor, lawyer, teacher, or anything else, but this knowledge will only take you so far. Meanwhile, discovering the deep wisdom of self-knowledge will ensure that your life is far more meaningful and fulfilling. I’ve got a feeling that is what Einstein meant when he said “Information is not knowledge.”
The most valuable knowledge that you will ever discover is, and always will be, within.

#GERMANY'SNATIONALSOCCERTEAM #DAMAGEDTHEWORLDTROPHYATANAFTERTHEPARTY.

According to FOX Soccer,  the German national soccer team damaged the World Cup trophy at an after party in Rio.

“At one spot a small piece was chipped off, but don’t worry. We have specialists who can fix it,” FB president Wolfgang Niersbach told German news magazine Spiegel.

They weren’t able to find out how the trophy got damaged, but the good news is that it’s actually not the original World Cup trophy since FIFA took it back right after the match in order to keep it safe.

#MIAMIHEATNATIONMEDIA: #MARIONCHALMERSSPEAKOUTABOUTLEBRONJAMES by Bradford J. Ahn

Many people in the sports world are clamoring over the decision of LeBron James and how the move from Miami to Cleveland was the right choice to make, in the end. Many people, except Mario Chalmers. Chalmers and LeBron have had a history of mouthing off at each other both on and off the court and it seems like the verbal feuding between the two has not come to an end, even with LeBron over 1,000 miles away.

A subtle shot at his supposedly “big brother?” Chalmers insists that no love is lost between the two, however, who knows if Chalmers is merely trying to keep a politically correct face in the media.

Whatever the case may be, when LeBron first joined his band of brothers in Miami he felt the entire roster to be family, including Mario Chalmers. Lee Jenkins of Sports Illustrated reported this statement by LeBron immediately following the decision part two,

“I went to Miami because of D-Wade and CB. We made sacrifices to keep UD. I loved becoming a big bro to Rio. I believed we could do something magical if we came together. And that’s exactly what we did! The hardest thing to leave is what I built with those guys.”

Chalmers resigned with the Heat on a two-year contract and is expected to reclaim his starting duties on the Heat roster.

#LEBRONJAMESJTEXTMESSAGEDHISHIGHSCHOOLCOACH, #WANTSTORETURNTOTHECAVALIERS.

After losing to the San Antonio Spurs in the 2014 Finals, LeBron James had opted out of his Miami Heat contract. By exercising his early termination option, James instantly caused another massive media storm by becoming a NBA free agent. Where will James go? Will he play for a third team? Once LeBron James opted out, both Dwyane Wade and Chris Bosh decided to follow suit by opting out of their contracts as well. At the time, this plan was for one major reason. For the Miami Heat to be able to restructure the contracts of the ‘Big Three’ and hopefully attract additional talent so that the team could once again contend for the NBA championship. However, as each day passes by in free agency, LeBron James’ NBA future seems to be parting farther and farther away from the plans of the Miami Heat. Per Joshua Teplitz, it was said that after losing the 2014 Finals, LeBron James already had his sights on returning to the Cleveland Cavaliers. James apparently texted his high school coach Dru Joyce II informing that the ‘King‘ plans to head back to Cleveland.