Tag Archives: investment

HBCU Money™ Turns 9 Years Old

By William A. Foster, IV

“I still believe that if your aim is to change the world, journalism is a more immediate short-term weapon.” – Tom Stoppard

It is hard to believe that it has been nine years since HBCU Money was founded. It began with a conversation with Jarrett Carter, Sr., founder of HBCU Digest, about the lack of economics, finance, and investment information from an African American and African Diaspora perspective. He simply said, why do you not start one then. Challenge accepted and a challenge it has been. HBCU Alumni Owned media across the spectrum continues to fight to be a real and present voice in the ever changing landscape of media. Both trying to push the old guard forward and try to keep up with the competition and outsiders that seeks to control and own our narrative. They often seeing the value of our content, but with wretched intentions. This has and continues to be one of our great fights.

To be a voice of a community is an immense responsibility. Holding decisions makers accountable, helping inform the community in an unbiased manner, and yes, at times shaping the conversation. Sometimes it has been the duty of HBCU Alumni Owned media to present thoughts and visions that are ambitious and bold into the conversation about what is possible. It is a gentle balance that must be minded.

Going forward I will continue to help build HBCU Money, HBCU Politics, and our other media assets to be a formidable force for empowerment for the HBCU community and Diaspora. This I believe to be part of my life’s work. I am thankful for those who continue to fight along side me and for us.

HBCU Money™ B-School: Hedge Fund Manager William Ackman Explains Finance & Investment (Video)

William Ackman, Founder and CEO of Pershing Square Capital Management, L.P., is a hedge fund manager and investor activist. According to Bloomberg, “(Pershing’s) 32.8 percent for the first 10 months of 2014, making it the No. 1 fund in Bloomberg Markets’ annual ranking of the best-performing large hedge”

He explains finance and investment in under a hour to help you get a better understanding of just what it takes to understand this often opaque and complex world.

HBCU Money™ Turns One Year Old

By William A. Foster, IV

“I am not afraid of tomorrow, for I have seen yesterday and I love today. ” — William Allen Whit

To start a financial journalism company is no light-hearted task. Yet, one year ago today after much preparation that is exactly what was done by AK, Inc, the investment and operations firm that wholly-owns HBCU Money™. It has been an amazing year full of accomplishments, long nights, and revelations. HBCU Money’s biggest success over the past year I believe was expanding our coverage into the country of Ghana. We are and will continue to be focused on financial journalism from an African Diaspora point of view. It is the culture and purpose for which we were founded. Many say that there is a distrust from the African American and Diaspora community towards the world of economics, finance, and investment. I believe there is just lack of information from a point of view that says not only do we operate in the financial world but there is much to be done, to be built, and it is vital to our Diaspora’s infrastructure that we do so. There is much more to be done at HBCU Money™ and I expect year two will be an even bigger year than our first as we find our proper footing and place within the world of HBCU owned media. Again, I want to say thank you to all who have supported us because there are too many to name. Check out some of the highlights from our first 365 days in business.

  • If every person who reached the top of Mt. Everest viewed this site, it would have taken 13 years to get that many views.
  • The busiest day of the year was November 28th. The most popular article that day was 2011’s Top 10 HBCU Endowments.
  • There were visitors from 75 countries in all! Most visitors came from The United States. Canada & The United Kingdom were not far behind.

It has been a honor to serve as Editor-In-Chief of HBCU Money™ this past year and look forward continuing to do so. There is no time to rest. Enjoy the moment. Now let us get back to work because as our motto states “Our Money Matters”.

HBCU Money™ Business Book Feature – Liquidated: An Ethnography of Wall Street


Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy.

Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.

Why Not Africa? A Land Of Opportunity For African Americans

By Cordie Aziz

Africa, for the longest time, was thought of as a place where savages and wild beasts roamed endless plains and jungles. However, as time has advanced so has Africa and its image. Now boasting some of the fastest growing economies in the world, countries like Mozambique, Tanzania and Kenya are outpacing many developed countries. Other African countries, like Ghana, are now considered middle class countries, illustrating to the world that many African countries are ready to start competing intenationally.

So in the midst of all of this development and economic growth you have to ask yourself why aren’t more African- Americans following the trends of investing in Africa. Is it lack of knowledge of the opportunities, is it the fear of moving into an unknown continent or is it just lack of interest?

If you had a chance to read the job analysis featured on HBCU Money last week, you saw that overall blacks are still losing jobs in the American economy. They, in fact, still boast the highest unemployment rate of all the races, despite their educational level. So, at what point, will African Americans decide to do something different? What will it take for African Americans to not only see the potential in Mother Africa, but to help actualize it as well?

From cell phone apps to grocery and dry cleaning services, every part of the African market is expanding. Each day new opportunities are created and all the market needs is the right person to fill the gap. So why continue to waste your time fighting for crumbs and you can have a whole pie?

If you are young and have a few thousand dollars accessible to you, I would strongly recommend looking into investing overseas. Yes, you will have to do your research and find the right opportunity for you. But once you do, it will be a decision that you will never regret.

So now that you have some basic information, tell me what is stopping you from looking at investments in Africa?

Cordie Aziz, is a former Congressional staffer who moved to Ghana after losing her job in 2011. She currently is the owner of a cell phone rental company in Ghana and has the blog brokEntrepreneur.wordpress.com

Follow her on twitter @brokenEntrepren