Billionaire from Illinois, via Pakistan, takes Jacksonville

The NFL Jacksonville Jags: are they the ultimate in a buy-low, sell high American turnaround opportunity?

Forbes:

The Jags are to football what Rust Belt manufacturing has been to U.S. industry: the financially challenged, least popular team in a league otherwise envied around the world. A mere 0.4% of NFL fans in a recent ESPN poll cited the Jaguars as their favorite franchise, ranking them dead last out of 32.

Forbes article

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Zuckerberg: "people underestimate us"

 

Seemingly challenging and laughing right back in his critics' faces, Facebook CEO Mark Zuckerberg says:  "I would rather be in a cycle where people underestimate us because I'd rather be underestimated. I think it gives us the latitude to go out and make some big bets."

At a technology conference in San Francisco, Zuckerberg gave his first interview since Facebook Inc.'s IPO in May, sounding very unconcerned with Wall Street, numbers, expectations or the plight of his shareholders.

Dallas Cowboys now worth $2.1 billion

Forbes:
The Dallas Cowboys have not been to the Super Bowl in 16 years. But the lack of a title game appearance has done nothing to slow down the money that flows into the arms of Jerry Jones, the oilman who bought the National Football League team and lease to its stadium in 1989 for $150 million. The Cowboys are now worth $2.1 billion, more than any sports team on the planet, save Manchester United.

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Interview With Billionaire Frank Giustra

Billionaire Red Bull heir suspected in fatal hit-and-run

Vorayuth Yoovidhya, 27, a grandson of the Red Bull energy drink dynasty, has been arrested for wrecklessly driving a Ferrari that struck a police officer and dragged his dead body down the streets of Bangkok Thailand and then leaving the scene of the alleged accident.

BYD delivers mixed results for Warren Buffett

BYD delivers mixed results for Warren Buffett