Feb
15
A Nice Story, by Victor Niederhoffer
February 15, 2007 |
There is a nice story in Newsweek , 2/19, page E4, that describes an entrepreneur who started a business selling unicycles by web, and then guitars, his two life passions, with 700 dollars. Now he has franchises in several countries and unicycles are making a profit for him and getting people some great exercise. This is a typical story of the entrepreneurial drive that's behind the some 50% of all people that, according to old data from Wilenski, have, are, or will start a business. It's the main reason, that returns of 10% a year, the drift will continue, along with science and trade.
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