Building a legacy means more than just repeating a pattern — it's about
true wealth creation.
Not exact matches
First, although it should be clear that neither GDP is «correct» as a
true measure of
wealth creation, I think there are good reasons to argue that the difference in real
wealth creation might be greater than the difference in GDP — in other words that U.S.
wealth creation is higher relative to U.S. GDP than China's
wealth creation is relative to China's GDP — and it is this adjusted GDP, representing real
wealth creation, whose value must be discounted to determine the economic «
wealth» of each country.
The same is
true for other
wealth creation common stocks acquired during the quarter at substantial discounts from readily ascertainable net asset values — including the probable real estate values in Alexander & Baldwin and Catellus; the probable securities values in Brascan (including real estate), Phoenix Companies, MONY and Toyota Industries; and the probable values of Assets Under Management (AUM) for BKF and Legg Mason.
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