Category Archives: Business Articles

Business Articles, Corporate Finance, Finance Articles, Hedge Fund Articles, Value Investing

How to Calculate a Stocks Intrinsic Value

Just like with any profession there are professionally instructed leaders of industry and amateurs. That is the same for Investing. But you should know that if you are not read up on the latest value investing procedures or if you haven’t formed your own personal checklist before investing in a Company or stock? You likely are make big mistakes along the way. But with today’s post on “How to Calculate a Stock or Company’s Intrinsic Value?” This will begin giving you a foundation or basic education to thrive and become successful in Investing.

I see so many people who do let emotions control their investing strategies and future. They are bound to lose almost everything. It’s just like If your a player in the Stock Market using only your gut and other people’s money? Your a borderline Criminal, Moron and most likely a gambling Day Trader at best. And should be taken behind the Building strung up by your ankles smothered with cheap grape jelly packets from the cafeteria and left for the Bears. These day’s Quants run the show. But there is good news! This post is for the bonafide new up and coming Investors wanting to reach that next elite level in Investing. If you have ever wondered where the like’s of Warren Buffet, Seth Klarman, Howard Marks, and other Value Investing Legends get there super secret knowledge from? This post is definitely going to provide you with a foundation of how to Calculate Intrinsic Value of a Stock or Discounted Cash Flow (DCF) of a Business.

So stay tuned…This is a post you do not want to miss. Even if it is Mathematics and heavy Calculations.

Hedge Fund Managers

If you plan on opening your own Hedge Fund Shop in the future or if your a Everyday Sophisticated Investor that plans on using Calculations and Mathematics instead of Gambling and Speculating? Your going to want to lay a foundation around Value Investing using Benjamin Graham’s teachings and procedures. So it’s absolutely vital you read Benjamin Grahams “Intelligent Investor” Book. Question. What makes a Hedge Fund unique to calculating a Stock or Companies Intrinsic value or Discounted Cash Flow? Well for starters Hedge Funds typically focus on trading on the stock market. But before I begin explaining Hedge Funds in depth like so many Financial personalities around me “I have extreme ADD sometimes.” LOL So maybe I should keep on track.

What is Intrinsic Value?

The intrinsic value of something is said to be the value that that thing has “in itself,” or “for its own sake,” or “as such,” or “in its own right.” Extrinsic value is value that is not intrinsic. Many philosophers take intrinsic value to be crucial to a variety of moral judgments. STANFORD BUSINESS ENCYCLOPEDIA

If your going to understand Intrinsic Value of a Business or Stock you need to understand that the Market is just voting for the day what they price is of a Stock. It doesn’t actually value the company. We use Intrinsic Value to evaluate and make a opinion to analyse if the Company or Stock we are looking at is undervalued and a bargain. If it is not a bargain and not undervalued? Then we keep looking. What is the formula to calculate Intrinsic Value? Before I answer this basic question you must know I highly recommend you read Benjamin Graham’s “Intelligent Investor” Book. It’s Warren Buffett’s bible of sorts. But first we need to lay out to terms.

Intrinsic Value Formula and Margin of Safety. These Topics are incredibly important for making a educated and professional judgement on a company’s future. And knowing if it is worth investing in.

By the way did you miss Berkshire Hathaway’s 2022 Annual Meeting? WATCH & READ HERE!

How to Calculate Intrinsic Value of a Business?

Click For Link To Website

#1 – Intrinsic Value Formula of a Business

Mathematically, the intrinsic value formula of a business can be represented as,

Intrinsic value Formula 1
  • where FCFEi = Free cash flow to equity in the ith year
  • FCFEi = Net income i + Depreciation & Amortisation i – Increase in Working Capital i – Increase in Capital Expenditure i – Debt Repayment on existing debt i + Fresh Debt raised i
  • r = Discount rate
  • n = Last projected year

Since this formula is mathematically difficult for ADD individuals like myself who struggle with on the page formulas. I would like to make this as easy as I am able for you. Here are a few videos that go in depth. Watch the Videos below to explain the calculation and models in action. This will begin giving you a foundation to grow.

BENJAMIN GRAHAM’S INTRINSIC VALUE CALCULATION MODEL EXPLAINED

Watch this Video below for a in depth explanation by this legendary Value Investor who is Charlie Mungers Bridge Playing Side Kick Mr. Mohnish Pabrai. Mr. Mohnish Pabrai is sincerely a fantastic guy. Mr. Pabrai has been very generous with the lessons and information he gives to up and coming Value Investors/Academics. And for this reason I need to list him in my blog. The way he lay’s out all his information and lessons makes it digestible and simple to newer people like us. His resources for all Value Investors is a must see, and you should watch his Youtube Channel and Videos. 100%

Discounted Cash Flow Model

When evaluating a Company’s (FCF) Free Cash Flow currently and for the next 10 years you need to include a Average Growth Rate and also consider what your “IDEAL” return rate is that you want to include within the DCF Model. For a more easier way of explaining this I need you to watch this video below. It will give you a better understanding of “How to calculate the DCF of a Company”.

Margin of Safety

In conclusion of today’s post it seems like it would be worth it to include what I had touched on earlier, “Margin of Safety”. If you are a Hedge Fund Manager or Value Investor, or everyday Accredited Investor knowing and calculating a Company’s Intrinsic Value is incredibly useful when analysing if it is a Investment you want to make. However even though you do find the Value of a Stock or Company you need to add an extra layer of Safety to the strategy before deciding to invest. The way you do this is by adding a Margin of Safety. Benjamin Graham’s Book will give you more info on this. But if your really a Pro? You will likely want more of a tactical explanation, strategy and guidance. So I highly suggest you read Mr. Seth Klarman’s “Margin of Safety”.

To end this chapter of todays very long post, it’s ideal if I say this in conclusion. Even though you may calculate the Value of a Company or Stock? You must make a educated professional judgement if the company warrants a long term investment. Many everyday investors don’t have the temperament nor experience within Value Investing to make these correct calls. But with time and learning to be Risk Averse by, with and through failures? You will learn. I wish you all happy hunting and I do hope you learned a bunch from today’s post. It’s long over due. And let’s make something clear up front.

This post is just a short taste of what Calculating Intrinsic Value is all about. The topic and subject is so deep and wide this post is nothing compared to the expertise out there in the market. If you are a Beginner or moderate investor? Please find a mentor and study the greats/legends like Warren Buffett, Charlie Munger, Bill Ackman, Mohnish Pabrai, Howard Marks, Seth Klarman and others. Then you will begin to see “How to use this post as a spark of which direction you should go to invest in your education, experience and financial gain.”

Godspeed
JS

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Accounting, Corporate Finance, Finance Articles, Real Estate

Four Loan Types Business Leaders Need To Know

When you need money as a Investor or Real Estate Developer? You will certainly use one of these Loan types. Entrepreneurs also need to know and digest what the 4 different Loan types are when Investing and using Debt vehicles or Borrowed money.

Kansas City Private Loans, Kc Mortgages and Kansas Missouri Financing Available.

Contact Me HERE NOW!

What you need to know?

What Is a Balloon Payment Loan

A balloon payment loan is a mortgage or loan in which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. Balloon payment mortgages are more common in commercial real estate than in residential real estate.

Constant Amortization Loan

In this Method of lending an equal portion of the principle is paid at each period plus interest variable.(On the loans Remaining Balance)Paid in the beginning of each period. Example Photo of the Schedule of Paying the Principle and the selected terms or additional Interest.

Constant Payment Loan

Constant Payment Loan is what most who buy a house refer to as a Mortgage. However in the world of Real Estate this loan example is a simple Loan plus interest schedule you pay back over the life or duration of the Principle.

Here is a Example image of the Simple Calculation of Constant Payment Loan and Interest Schedule.

Interest Only Loan

An interest only Loan is the simplest type of Interest payment loan schedule. Meaning you pay a percentage of Interest on the Principal annually over the life or duration of the loan. Until the loan is paid off. Simple. But here is a image to demonstrate to those who may have trouble computing the schedule. If your anything like myself? I always need extra help. Your in good company.

Loans Interest payments are easy to compute as a Business leader if you understand the basics. This post will help anyone getting in Real Estate of needing to research what Repayment of Loan interest really means.

I truly hope you learned something today. As this post was meant to be lean and mean. I did not want to pose how to calculate the Interest payments. Because often times you will become confused reading the verb-age. So just youtube the Payment Calculations of the loan types. This post was just meant to show what and how things work in the world of Interest loans and Amortization schedules. Cheers to all the Bankers in Finance, and Mortgage Brokers out there. This Post was sparked after I learned that a good man and Titan in the New York Real Estate Community passed last Tuesday. Simply I was watching a Interview and heard Larry start to speak about the Loan types with Son Bill in casual Conversation. And decided I needed to follow up on the Finance Slang and types they were discussing. And Viola this post was born.

R.I.P. to the Good and Great Mr. Larry Ackman.

Godspeed and Cheers To Larry.
JS

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Business Articles, Economics, Finance Articles

“What is Quantitative Easing?”

Today your going to learn “What Quantitative Easing is?”

About a Month ago I was invited to a ACG (Associated Corporate Growth) Reception and the first person I meet turns out to be a very nice guy named Chad G. Chad is just no ordinary average finance guy, he is a respected leader and a experienced Portfolio Manager. Chad is the Senior Vice President and Portfolio Manger for Waddell Reed’s High Income Fund. But meeting him you would never know he manages a huge Asset. He’s just a fantastic nice guy. As soon as I meet him? We immediately connected and began talking shop all about Corporate Finance, M&A, and his work in Asset Management. These are incredibly advanced topics. But very interesting to me.

Talking shop with other Finance Professionals is something that usually does not happen to me as a Entrepreneur here in Kansas City. Most people look at me like I am talking Greek. But here in front of me is a SVP of a Major Kansas City Asset Management Company and Fund. Chad could easily speak my new language of Finance. And truth be told that was really awesome to me. It made connecting with him all that more interesting and dynamic. Thanks Chad! It truly is a Privilege to connect with you Good Sir!

Why was this connection unique to me? Usually I do have a very difficult time meeting and connecting with others who work in Financial Services here locally in Kansas City. But this night would be very different. The entire presentation on the Mergers & Acquisitions state within Kansas City was truly impressive. CC Capital Advisors did a fantastic job presenting. If you missed my article about Kansas City’s best Investment Bankers? Read that (HERE)

The Bond Market Explained By Video

Quantitative Easing Described?

For most out there reading this Post? I will most likely need to describe what Quantitative Easing is in simplistic terms. And please don’t mistake this article as “Quantitative Tightening” thats the reverse of Easing. And a different article.

What does Quantitative Easing Mean?

Quantitative Easing is when the Central Bank approves the creation of Money. This money is invested into Government Bonds. These Government Bonds are held by Banks. These Banks are then able to begin lending to Small Businesses and Individuals. And this in theory will stimulate the United States Markets.

How Quantitative Easing help the Economy?

This is all theory based, it’s only based on what the Economy Academics have brought to the table to explain how this may work. But in general. We don’t know. But what we do know is Quantitative Easing is supposed to stimulate the American Economy when it looks like the Economy is about to freeze or fail from lack of capital being traded.

Quantitative Easing is supposed to stimulate the Economy in three ways.

The federal government auctions off large quantities of Treasurys to pay for expansionary fiscal policy.5 As the Fed buys Treasurys, it increases demand, keeping Treasury yields low (with bonds, there is an inverse relationship between yields and prices).

QE Keeps Bond Yields Low

Treasurys are the basis for all long-term interest rates. Therefore, quantitative easing through buying Treasurys also keeps auto, furniture, and other consumer debt rates affordable. The same is true for long-term, fixed-interest debt. When mortgage rates are kept low, it supports the housing market. Low rates on corporate bonds makes it affordable for businesses to expand.

QE Attracts Foreign Investment and Increases Exports

Increasing the money supply also keeps the value of the country’s currency low. When the dollar is weaker, U.S. stocks are more attractive to foreign investors, because they can get more for their money. It also makes exports less expensive.

QE Could Lead to Inflation

The only downside is that QE increases the Fed’s holdings of Treasurys and other securities. For example, before the 2008 financial crisis, the Fed’s balance sheet held less than $1 trillion. By July 2014, that number had increased to almost $4.5 trillion

WARNING – Some Financial Experts Warn Quantitative Easing could create out of control inflation, and possibly “HYPERINFLATION”.

The more dollars the Fed creates, the less valuable existing dollars are. Over time, this lowers the value of all dollars, which then buys less. The result is inflation.

Inflation doesn’t occur until the economy is thriving. Once that happens, the assets on the Fed’s books increase as well. The Fed would have no problem selling them. Selling assets would reduce the money supply and cool off any inflation.

The Following Three Ways QE could stimulate the Economy was borrowed from “THE BALANCE ARTICLE”.

I do hope you learned more on the topic what Quantitative Easing is today? And I also hope you learned more about the Basics of the Bond Market in the Video.

In conclusion of today’s post it was important for me to share my story of connecting with Chad. Chad’s professional career is certainly involved with the Bond Market. Which in turn is related to Quantitative Easing. But regardless I had to introduce him somewhere. And today’s post made the most since. I genuinely hope you learned a few things today. And as always Stay Tuned. You never know what it right down the road on this journey I am on inside Finance.

Thanks for Reading! GODSPEED.

JS

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Business Articles, Investing, Investment Banking, Mergers and Acquisitions

The Federal Reserve Raises Interest Rates

The Federal Reserve raises it’s Benchmark Interest Rates by half a percentage point which is the most aggressive action since the US is facing highest inflation rates in 40 years. Behold a new term for most? “Quantitative Easing”

After much anticipation, fan fare, and business news speculation due to rising costs within the market and easy access to cheap margin debt? The Fed convenes and finally comes out and say’s “It’s time to raise the Fed’s Interest Rates.”

The last time the Fed Raised Interest rates were in 2018. Quantitative Easing is now working by pushing more money into the economy by way of the Central Banks buying more Government Bonds through individual banks which lends money to businesses and individuals.

Ok! But What does raising the interest rates mean? After yesterday’s press conference, the Federal Reserve’s Chairman Mr. Jerome Powell began informing the Press and the Finance community. Today’s Information and Report from the Good Reporter Mr. Jeff Cox, The Business News Editor of CNBC. FULL ARTICLE

“The Federal Reserve will begin to Raise Interest rates by a half a Percentage point per the markets anticipation. When asked, The Fed’s Chairman Jerome Powell had to say about this historic increase?

“Inflation is much too high and we understand the hardship it is causing. We’re moving expeditiously to bring it back down,” Fed Chairman Jerome Powell said during a news conference, which he opened with an unusual direct address to “the American people.” He did touch on the burden of inflation on lower-income people, saying, “We’re strongly committed to restoring price stability.”

Furthermore the Feds Chairman say’s, “The American economy is very strong and well-positioned to handle tighter monetary policy,” he said, adding that he foresees a “soft or softish” landing for the economy despite tighter monetary policy.

It’s likely according to the Chairman Powell’s opinion and comments on this interest rate hike, “Their will be many Fifty 50-Basis Points rate increases are coming soon. But likely not more aggressive than that.”

When you stop and consider how the Fed will begin raising the Interest rates in detail? It will look like this. They will start by raising the Interest rates by Half a percent in the first stage. Then raise again to the Three Quarters range of a Point. Then another quarter percentage of a point, Equaling the Full 1.0 percentage point. The video below demonstrates the numbers in detail.

With all the free flowing margin debt that has been free flowing for years? It makes sense the Fed is wanting to take the steps and transition raising the debt interest rates instead of a sudden hike. This ensures markets are not suddenly impacted to the point of panic. Rolling out stricter policy for a soft landing on the American People and Investors. This also begins to address the Inflation that is beginning to be out of control. But here are some more in depth facts from the report.

In conclusion we will need to sit back and see how things begin to work. It’s never easy to accept the Party’s over with easy free cash. But as time moves on I have a suspicion the market wont rise above what the market can handle. That is just my 2 cents

  • In addition, the central bank outlined a program in which it eventually will reduce its bond holdings by $95 billion a month.
  • This undoubtedly is the largest rate increase since the fed relaxed rates in 2000, and the inflation of American Debt has pressured the Fed to begin the process restricting Debt Rates.
  • Fed Chairman Jerome Powell underlined the commitment to bringing inflation down but indicated that raising rates by 75 basis points at a time “is not something the committee is actively considering.”

Thanks for reading todays Post on this Historic Event we have all been anticipating and speculating on for quite some time. If you have anything worth the time to add? Please comment below,

GODSPEED
JS

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Entrepreneurs

7 Veterans Who Became Entrepreneurs After Military Service

One of the great things about being a Veteran is having a Network of War fighters you can call on when doing a Article like this. As such I feel it’s fitting to name a few Veterans doing some big things.

First I would like to start off with a Natural leader, a Leadership Teacher, who trained myself to be a servant to others and especially to the community. He is fast becoming the go to man Law Enforcement and Civic Leaders Call to train their teams in Leadership.

Article:

Coming Soon.

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Business Articles, Investing

Berkshire Hathaway Annual Meeting

If your anything like myself? You want to attend the Berkshire Annual Meeting if you can. Today’s meeting did not disappoint. Warren Buffett and Charlie Munger put on a show that we in the Finance and Business space will be dissecting and analyzing for decades.

Berkshire Hathaway

Click here for Berkshire’s Website

Since I am certain you do not want me continuing with my ridiculous interference. Without further ado, Here is today’s Meeting from CNBC.

Berkshire Hathaway Shareholders Meeting 2022 LIVE STREAM

Did you catch my article on Finance Models? (CLICK HERE)

The two Oracles of Omaha Nebraska, Charlie Munger and Warren Buffett.

Investing is Simple. The lesson’s stacked up from Both Mr. Buffett and Mr. Munger are this. Invest in things that will be around a long time. And invest in the things we love. Like See’s Candy, and Coca-Cola. That’s great advice and advice I live by. I hope you got a bang for your buck visiting my short post about the Annual Meeting today. Thank you for dropping by.

Godspeed JS

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Accounting, Finance Articles

The Three Financial Statements

What are the three financial statements in business?

Amazingly most who do not have a Finance or Business background struggle with this question. And these individuals fail to see the future scope of looking at these Documents produced while in the course of business. Most small businesses rely on sophisticated Software to do their books. And I have even seen a Junkyard owner use a simple checkbook register for his sophisticated software to control profits and losses of his small empire. LOL

I can not stress “HOW IMPORTANT IT TRULY IS FOR A ENTREPRENEUR OR Anyone in business to sincerely go take a accounting course online or at a community college.”

-Big 4 Accountant Partner “MY GOOD FRIEND” John.

One thing is for sure? If your not using these statements in your business? Your missing critical finance intelligence and future opportunities. These are the three Financial Statements every Entrepreneur or Business professional needs to become very intimate with.

In conclusion for this short post. Make sure your being educated by a Accounting course. Taking a basic Accounting course will change your business career. Because it did mine. Thank you for reading below is a Basic Accounting Course Video for your future success.

HAPPY COUNTING AND LEARNING!
GODSPEED

JS

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Business Articles, Investment Banking, M&A Intelligence Services, Mergers and Acquisitions

Mergers & Acquisitions Strategy and Intelligence

Today’s post will be revealing a creative Strategy a British Businessman used for a unlikely Acquisition netting him 60 million pound richer on just 4 million in finance. This post will share more about his creative strategy, and ask the question? Did he use secret intelligence from former British Intelligence to make a deal of a lifetime?

Mergers & Acquisition Case Study

This is Mr. Peter Jones. Mr. Jones usually appears on the Hit TV Show Dragon’s Den on the BBC. During one episode many years ago on the BBC. Peter interviewed a quiet Businessman that did not seem like a creative business magician. When this man was pressed in the interview about his transaction that netted him 8 figures? He revealed a creative strategy that made him an 8 figure fortune.

The man we are talking about in this article is British Businessman and Financier Mr. Chris Dawson. Mr. Dawson negotiated his way to a very lucrative Transaction of a lifetime. Paying literally pennies on the pound.” Making him 60 million pounds richer all of just 4 million in finance.

“How did he do this?

Business Communications Strategy

Did you know as a Business owner and Community leader how you communicate with the Public and Business community is more important than ever? Most Executives and business owners would rather stay quiet and out of the news and it’s ridiculous untrue headlines. However there are a select few Business figures Id like to point out who made it work for them. One of those people is my friend Mr. Marcus Lemonis CEO and Chairman of Camping World and Host of the Hit TV Show The Profit. Marcus has basically turned Prime Time Television into a Deal Flow PR machine for his Company. And if you really consider all things being equal? So has Mr. Peter Jones with his BBC Series and Appearances on Dragons Den. It’s literally the Entrepreneurs Deal Flow Machine. It’s pure Brilliance under the understanding of being a Reality TV Series. This type of strategy is not cheap. However I feel both of these fella’s understand full well the power of the Mass Media. So much so they are laughing all the way to the bank.

This next use of Mass Media and creative strategy for business exhibits pure brilliance.

Developing Business Strategy

This brings me to my point for Strategy on today’s post. A British Businessman named Chris Dawson used the Media clearly to his advantage. Basically what he did was this. The small Business Finance community was informed through Business NEWS, a failing Business Department store was accepting offers. However here is what happened next?

Chris used a someone other than himself to drop a hot tip to several journalists that cover this area in the business papers. The business tip shared that the Failing Department Store had five buyers already in line to buy the failing business. The Media Reported this story. This reported new story basically worked so well. No other buyer wanted to pursue making a offer for the failing company. Leaving Chris as the only Offer which happened to be a low ball offer. This worked in his favor. He cornered and had tricked the competition in to moving on. Leaving him as the only last option for the Failing Business. LOL HAHA!

Since he closed this Transaction. You can already see this strategy secured him a deal of a Lifetime. What other factors made this opportunity so lucrative for Mr. Dawson? Chris owns a chain of Department Stores and it was super easy for him to liquidate all the extra product he had just acquired. Making him a very very rich man. Plus He used the Media to kill off interest from other buyers. That is sure brilliance. But that’s not all that he did to secure this huge Business victory. In the end? It’s likely Mr. Dawson was not only just lucky. Word on the street from my own sources within my community share? He had help from a shadowy group of former British MI6 professionals. We will never know. But I can share this. His deal wasn’t all luck.

M&A Deal and Market Intelligence

Competition Is Fierce. Have a team of Advisors willing to secure on the ground intelligence rather than finance intelligence is vital to successful transactions. I do have several Attorneys and Accountants that have confided in me some of the large firms have become relaxed on the due diligence standards. To combat this when it matters the most? You need professionals who can ensure victory with information not easily found with normal due diligence.

The current Mergers and Acquisitions Market is so competitive and fierce most Private Investors and Private Equity Buyers do sometimes need extra information on markets and on Targets. With all the moving parts and info needed to make a decision? The finances sometimes do not tell the entire story. Wouldn’t it be nice if your executive team had peace of mind with secret information like Chris Dawson? We can offer advisory consulting, and Executive management consulting other firms can not. If your team needs an extra layer of security and intelligence? CONTACT ME NOW. Myself and my veteran brothers come from a variety of backgrounds and all of us have served inside the Intelligence and Military Special Operations community.

Using our teams specialized training and Global War on Terror experiences. Our professionals can ensure your team of executives a extra layer of security while your team of executives and Attorneys are at the negotiating table. Or for when making a group decision to move forward with a transaction. Our small group includes service within Army 75th Rangers. Army Special Forces Green Beret NCO’s, and Senior Officers, and experienced Operators from Marine Special Operations.

In conclusion developing a strategy and securing additional information for business transactions is a smart play. The only thing that truly matters in todays hyper competitive environment is information others are trying to hide. It could very well be a life changing event, or put in play a series of events that create a extraordinary win for you and your team. I hope you enjoyed todays post. And I will hope you found this story and strategy of a British Businessman useful.

Godspeed.

JS

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Mergers and Acquisitions

Dan Peña

Mr. Dan Peña the Trillion Dollar Man was very generous in tweeting and sharing the interview I conducted with him. For the full interview? Click Here

Respect! 100%

Dan Peña’s Website of Interviews.

I made it on his super short list of Interviews. 100% Awesome. Click Image to go to Dan’s Website

If you have not read Dan Peña’s Book “Your First 100 Million?” Do so today, you will likely learn a few things you never thought possible. To Download his book? CLICK HERE

Your First Hundred Million Book Image Dan Pena

Dan Peña Gutherie Castle

Gutherie Castle Scotland Dan Pena

Guthrie Castle valuation? The Castle and estate is 156 acres and just about 500 years old. Mr. Pena rents out the Castle grounds for Events like Marriage Ceremonies and other get togethers. This is not longer the case and this majestic property is private now. \We don’t know the exact worth of the castle but it’s been said to be worth over $25 million!

Godspeed

JS

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