Billionaire Ross Perot Jr. on his hack safe plan: invest in Texas

ross perot invest texas 431674794 58c92c021e b
gerry
For those who are especially aware of historical politics, or who simply follow the lives of billionaires, the name Ross Perot Jr. might be familiar. It was a bit of a mystery when his father, Ross Perot, dropped out of the 1992 Presidential race, citing concerns over the safety of his family. The Perot name seems to come up at some point every election year, as the senior Perot’s story of candidacy as an outsider makes for lively conversation. Now Ross Perot Jr., also a billionaire, has echoed some familiar concerns surrounding safety in a Bloomberg Business profile published this week. His position is that cyber threats threaten the nation’s financial systems, so he advises that land investments in his home state of Texas are the soundest answer to mitigating the situation. It is an investment tactic that have served both he and his father well.

Perot’s personal net worth is reported to be $2.1 billion, and he holds an investment that he feels is safest from threats in the form of land. Sharing his vision for why he feels secure in this endeavor, he predicts that the time will come when cyber security affects the assets of many. He warns that one day, we could wake up and find that a major bank has been taken down by a cyber attack. With that news, all of its records could possibly disappear.

His concern is interesting, given the amount of wealth both Perot Jr. and his father have accumulated thanks to technology. The elder Perot was the founder of Electronic Data Systems (EDS) (a company that was sold to General Motors over thirty years ago) and Perot Systems (which sold to Dell in 2009 for $3.9 billion).

Ultimately, the point that Perot is making may have been lost in the shock of his statement. Land and real estate have long been among the investments of choice for those who can afford to buy when the price is right. He adds that he buys when the market dips, and is bullish on Texas, Southern California, Memphis, Chicago, Pennsylvania, and Atlanta. Wherever the digital part of our lives go, there is little doubt; that which is tangible will always have special value and there is little threat of land disappearing in the middle of the night.

Movies & TV

Move over Superman, Aquaman is here to save DC's live-action cinema universe

DC Comics' aquatic superhero Aquaman finally gets his solo feature with Jason Momoa in the title role, and director James Wan's adventure manages to avoid feeling waterlogged while offering up some amazing visuals and intense action.
Home Theater

The best movies on Netflix in December, from 'Buster Scruggs’ to endangered cats

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.
Smart Home

Rocco wants to rock out. Parrot learns to use owner’s Amazon Alexa

Rocco, an African gray parrot, fell in love with his owner's Alexa unit and ordered himself treats and other goodies, but mostly uses the smart assistant to rock out to his favorite music.
Gaming

Soulja Boy’s ‘new’ console appears to include stolen Nintendo games

Rapper Soulja Boy recently released his SouljaGame console, and it includes several emulated games that appear to be stolen from companies like Nintendo, SNK, and Capcom. A handheld version is also available.
Web

Can Microsoft’s Airband Initiative close broadband gap for 25M Americans?

A new report from the Federal Communications Commission (FCC) says that 25 million Americans do not have access to broadband internet. Of these, more than 19 million are living in rural communities. Can Microsoft help out?
Business

Amazon scouted airport locations for its cashier-free Amazon Go stores

Representatives of Amazon Go checkout-free retail stores connected with officials at Los Angeles and San Jose airports in June to discuss the possibility of cashier-free grab-and-go locations in busy terminals.
Computing

Google+ continues to sink with a second massive data breach. Abandon ship now

Google+ was scheduled to shut its doors in August 2019, but the second security breach in only a few months has caused the company to move its plan forward a few months. It might be a good idea to delete your account sooner than later.
Business

How to start your online business in 6 simple steps

Making the right choices now can greatly impact your success down the line, and the last thing you want to do is spend your energy revisiting old decisions instead of growing your company.
Mobile

5G: Why everything is about to change

Curious about the many ways 5G will change and enrich your life? Here’s our guide to all things 5G.
Mobile

Sprint’s 5G rollout: Everything you need to know

Sprint is building its next-gen 5G network in preparation for a 2019 rollout, but it's taking a decidedly different approach than some of its competitors, including Verizon and AT&T. Here's everything you need to know.
Smart Home

This A.I.-enabled tech brings cutting-edge automation to grocery stores

Takeoff Technologies is working to make grocery deliveries fast, accurate, and convenient using A.I.-enabled technology to augment robotic grocery orders that can be completed in minutes.
Mobile

Apple is spending $1 billion to hire up to 15,000 new employees in Austin

Apple has announced a series of expansions across the U.S. -- including a massive expansion to the company's Austin campus that will see it spending $1 billion to accommodate for up to 15,000 new employees.
Business

Apple is still selling iPhones in China despite being ordered not to

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.
Business

‘Spider-Man: Into the Spider-Verse’ breaks records, ‘Mortal Engines’ sputters

Spider-Man: Into the Spider-Verse webbed up a winning weekend as the top movie in theaters, earning $35.4 million and setting a new record for animated features premiering in December.