It’s no secret that the global economy is presently in bad shape. And, the current situation has left many entrepreneurs and other financially-aware individuals uncertain about how to mitigate loss during these tumultuous times. At times like these we need to keep our spirits up and look for good financial advice and thinking in unorthodox places. Below is a list of some of the most memorable billionaires from television and film history, as well as their advice about the current marketplace, and their overall philosophy regarding business. Love them or hate them, they all have some unique insight into financial markets (they’re billionaires after all!) and what you should or shouldn’t do.
*Disclaimer – base financial decisions on this advice at your own risk!
Scrooge McDuck – Ducktales
On Hard Work and Determination: In a time of economic uncertainty, a solid work ethic, determination and cautious spending are the necessary tools to preserver.
Gordon Gekko – Wall Street
On Conceptualizing the Marketplace: To become wealthy, one must understand A) what it takes; B) what it consists of.
JR Ewing – Dallas
On Business Ethics: A businessman is only as good as his reputation. Take care of your own, and keep your word.
Tony Stark – Ironman
On Building a Reputation: Entrepreneurs should be feared by their competitors, but respected by their peers.
Lex Luther – Superman
On Being Prepared For Anything: So much about success has to do with being in the right place at the right time, and preparing oneself as best as possible for the unknown.
Richie Rich – Richie Rich
On Innovation: A businessman should not be concerned with criticisms when venturing into unchartered financial territory. Creativity and innovation precede success and wealth.
Thurston Howell III – Gilligan’s Island
On Determination: Realize what it is you want out of life, and strive to attain it. Understand what your options are and make your decisions accordingly.
Willy Wonka – Willy Wonka and the Chocolate Factory
On Financial Forecasting: In Today’s economy, there’s no such thing as a formulaic approach investment strategy and asset management.
Bruce Wayne – Batman
On Investing in things Dear to Oneself: Uncertain times cause individuals to invest in things they are familiar with. This can can mean re-investing in one’s own business, instead of the market.
Charles Foster Kane – Citizen Kane
On Money : Understand the value of things, and do not be one-dimensional.