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The Compromise Trap by Elizabeth Doty, Art Kleiner

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10Keep Your Own Score

In 2006 George Foreman did an interview with the Wall Street Journal to discuss his personal investment philosophy after two boxing careers, becoming a minister, founding a series of youth centers, and launching several successful business ventures. I laughed out loud as I read about his investment goal: He wants to pay $1 billion in taxes.

As it turns out, Foreman defines investing slightly differently. “My approach now is to invest in society,” he told the reporter. He considers his best “investments” to be the money he has put into universities to fund scholarships. (Apparently, he never calls them “donations”) Just after 9/11 he put money into U.S. stocks to deliberately counter the atmosphere of fear. Of course, he ...

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