Pharmapacks co-founder Andrew Vagenas knows a thing or two about risk. The Bronx, New York-based entrepreneur took a leap on e-commerce only five years ago--while industry stalwarts Amazon and eBay long had a presence online. Fortunately, he's also familiar with reward. Thanks to a clutch addition to his team, the health and beauty products retailer now has Walmart knocking at its door. Plus, the company landed at No. 115 on the 2015 Inc. 5000 , with $32 million in 2014 revenue and a three-year revenue growth rate of 3,035 percent. --As told to Anna Hensel. In 2010, one of my partners and I owned a retail pharmacy in the Bronx. We were a pretty successful mom-and-pop shop, until one day everything changed: We thought we'd try selling our products online. We had access to merchandise, and I just wanted to see how well we could do. Our test went pretty well, so I reached out to family and friends--raising $750,000. I bought a little warehouse in New York City. It took us … [Read more...] about How This Entrepreneur Turned E-Commerce Giants Into Customers
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How I beat Wall Street for 103 consecutive months
Wall Street, New York City (File image: Reuters) From 1999 to 2019, I managed money for some of the largest hedge funds in the world ( Millennium, Brevan Howard, ExodusPoint ). During that time, I generated positive returns for 103 consecutive months, which is quite possibly the longest such streak in hedge fund history. This extraordinary feat was made possible by my strict adherence to three key principles. First, I made sure that I had a method that turns the odds in my favour. Second, I had the discipline to stay with that system in good times, and bad times. Finally, it is vital to play with a bankroll that is large enough to ride out market fluctuations. Lose any one of these three things, and it becomes impossible to beat the market for any length of time. Have A System : As a professional gambler who accidently landed on Wall Street way back in 1993, I have always had a keen sense of the odds in any game. I played blackjack because it is the only game where a … [Read more...] about How I beat Wall Street for 103 consecutive months
Expert Summer Travel Advice For Your Next Vacation
Share to Twitter Share to Linkedin It's going to be a busy summer travel season. And different. The summer travel advice from experts is different, too. Domestic travel volume will rise 16% over last year, with almost 75% of Americans planning to travel domestically for summer vacations, according to Allianz Partners' Top 10 Summer Destinations review . And travel to Europe will soar 600% over last year. "The floodgates have opened," says Valentina O'Kane, owner of Incognito Global Travel , an affiliate of Embark Beyond. "People are rushing to get out there again. The popular tourist destinations are overbooked, with little if any availability. They are going to be overcrowded and overpriced this summer." I just interviewed 200 top travel experts about what lies ahead for travel. Here's part one of my series , which outlines what to expect in the next three months. There are two important takeaways. Covid is far from over, so you may … [Read more...] about Expert Summer Travel Advice For Your Next Vacation