Chris Burch’ and James MacBride’s Luxurious Resort Shines Globally

Chris Burch is a globally recognized fashion and tech magnate who is known for initiating brands. Sometime back in 2012 he joined hands with James MacBride, and they bought some beach hostel in the Indonesian of Sumba region. Upon purchasing the property, they settled on remodeling it, an endeavor that cost them $30 million. Around 2015 they re-launched it as a five-star hotel, having branded it Nihiwatu. The resort became the beacon of beauty and magnificence not only in Indonesia but the entire world. In 2016 it caught the eye of Travel + Leisure, and they voted Nihiwatu, the finest hotel in the world.

 

Chris Talks About Nihiwatu Resort

 

While in an interview, Chris told Business Jet Traveler that the investment was meant for his children. He continued to explain that he hoped they would preserve it as a family so that it becomes the precious tool through which they give back to the society. Fascinatingly, the fame and beauty possessed by Nihiwatu was way beyond his expectations. In fact, he says that he had his anticipations but thought the outcome would be slightly less, which never was. The hotel is an actual edge of the wilderness, as it has been nicknamed.

 

Underlying Information About Nihiwatu Resort

 

Nihiwatu is a name meaning “mortar stone,” which was inspired by the name of the beach, which also derived the name from a rock formation process that happened on the surge. The hotel’s magnificence is a clear indicator that the duo embraces opportunities and highly values big investments as an alleyway to unparalleled success. The hotel has also contributed greatly to the economic state of the island by employing the Islanders. There is also a significant share of their profits that goes to the funding of the Sumba Foundation, an initiative that bankrolls projects meant to support the locals.

 

Basics Concerning Chris’ Background in Entrepreneurship

 

While still at Ithaca College, Chris began entrepreneurial initiatives, and that is where his success story started. He collaborated with Bob, his brother and they launched Eagle’s Eye Apparel. They grew the venture’s net worth to $165 million, after which they sold it to Swire Group. Throughout his life, Chris makes efforts to exhaust his ability to realize the connection between innovation and implementation.

 

Conclusion

 

Everything that Chris sets his hands on thrives. It could be attributed to his innate understanding of consumer response, as well as his aggressiveness. He also likes supporting upcoming entrepreneurs and encouraging them to build their brands.

Buffett Couldn’t Be More Wrong On Investing, Says Armour

Warren Buffett is a name that is synonymous with success in finance. One would think his insight into investing would be beyond reproach, but Tim Armour from Capital Group Companies recently wrote an op-ed that exposes what he sees as a substantial flaw in Buffett’s method.

Buffett recently issued a charity challenge to other hedge fund managers, but claimed that by sticking to the S&P 500 passive index fund he could make more money that the rest. While Armour concedes that this may be a safe enough bet for one of the most successful investors in the world during an abnormally long bull market, it’s not how investor’s should think, especially with a bear market coming for us any day now.

Armour wrote that for investors returns are all that matters, and passivity can’t always guarantee that. Nothing can. But a strong indicator of a fund that returns higher than benchmark indexes are those where managers have personally invested.

It’s the same method Armour employs Armour employs and claims he averages returns 1.47% higher than benchmark indexes after fund expenses are calculated. For those entering into the market for the first time, Armour suggests sticking to funds where the managers have a personal financial stake in its success

About Timothy Armour

Timothy Armour is an American businessman and investor. After graduating from Middlebury College with a Bachelor’s Degree in Economics, Armour joined the Associates Program at Capital Group Companies.

32 years later, Armour became such an essential fixture within the company that he became Chairman and Principal Executive Officer of Capital Research and Management Company.

Read more on Bloomberg.

Mike Baur And His Success In Entrepreneurship

Mike Baur is a Swiss businessman. He is also an entrepreneur. Mike is the managing partner and co-founder of the Swiss Startup Factory. Mike has worked for many companies in the banking industry including Clariden Leu and UBS. Mike has experience of more than 20 years in the banking industry. He has been termed as an expert in the field. Mike co-founded the Swiss Startup Factory together with Oliver Walzer and Max Meister in 2014. This was after he stopped investing in startup firms. Mike was a member of the jury during the START Summiteer. This is a startup pitching contest organized by the University of St Gallen.

 

Swiss Startup Factory made a partnership with CTI which resulted to CTI Invest. Mike was appointed to be the Deputy Managing Director of CTI Invest after this partnership in 2016. Mike Baur was in charge of the accelerator program by Swiss Startup Factory with Goldbach Group in 2017. He also led its partnership in February 2016 with Fintech. Mike Baur’s early career was profiled by the Wall Street Journal from Swiss banking to startup investments and entrepreneurship in December 2016. Mike was born in Fribourg, Switzerland. He is strongly connected to his homeland.

 

Mike Baur’s interest and passion were in banking and finance since he was a child. He says that it is a great satisfaction to be pursuing what he loves. Mike Baur was able to rise from a position of a commercial apprentice (at UBS) to being an executive board member of a big Swiss Private Bank due to his hard work and commitment. Mike started his journey in entrepreneurship in 2014 when he was 39 years. He has worked tirelessly to make the Swiss Startup Factory become the leading privately financed and independent ICT Startup Accelerator in Switzerland.

 

Mike Baur is committed to supporting the Swiss youth entrepreneurship. He invests a lot of his time and finances in supporting some Swiss Startups. Mike serves as a mentor to many youths who wish to venture in banking and other fields. Mike attributes his success in entrepreneurship to hard work, discipline, and passion. Mike went to the University of Rochester New York where he earned his MBA. He also went to the University of Bern where he got his Executive MBA. Mike continues to steer the Swiss Startup Factory towards Success and states that the sky is the limit for him.