Monthly Archives: June 2014

The Billionaire Next Door

Willy Wonka's Chocolate Factory

Willy Wonka’s Chocolate Factory

A while back a popular book was published entitled The Millionaire Next door.  The theme was that of the typical frugality and low profile that made up many of this country’s self-made millionaires: people who built their wealth on hard work, decency, good values, and no ostentation.  This backbone of the American dream didn’t live in penthouses off 5th Avenue nor in the mansions of Malibu.  Last week I had the pleasure of seeing one of these success stories at close hand during a trip to Minnesota for a business briefing with local economists, politicians and businessmen.

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Feeling Good, But Not Great

Hope Town Lighthouse and Marina

Hope Town Lighthouse and Marina

Last week I took some time off and visited one of my favorite places in the Bahamas. Hope Town is a small village in the Abaco on the island of Elbow Cay just a short ferry ride from Marsh Harbour.  As the crow flies it’s about 200 east of Palm Beach.  Golf carts and boats are the main mode of transportation and many inhabitants of the Colonial style village are proud ‘Loyalists’ – some tenth and eleventh generation descendants.  A red and white striped lighthouse built in 1862 keeps watch over the town’s marina and outside the harbor to explore are miles and miles of pristine beaches, vibrant coral reefs, and turquoise waters.  Just half mile offshore in the cobalt blue waters are plenty of billfish for the avid deepwater fisherman.

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