Frank Holmes

I was talking with the great Frank Holmes, CIO and CEO of US Global Investors last week and he made a clever comment that I was reminded of today. He said: "I go to these entrepreneurs events all over the place -- the EOs and the YPOs -- and you know how you can tell the guys who are self made from those who inherited it? ... The self made guys are usually in good shape, with fitted dark suits and lots of energy... The inherited guys are usually sitting down, wearing khaki pants, brown shoes and blue blazers that are a bit too big for them."

Read Frank's blog at USFunds.com.