Owning and Operating Multiple Businesses
Owning and managing multiple businesses can offer several advantages and present challenges. William Erbey shares what he believes are the top advantages and disadvantages. Advantages: Risk Diversification: – Risks associated with one business may be mitigated by the success of others, providing a level of risk diversification. Entrepreneurial Growth: – Owning multiple companies allows for […]
Diving Into Stablecoins
If you are informed about the crypto world, you’ve undoubtedly heard about stablecoins, the digital currency with the advantages of crypto, and the stability of traditional fiat currencies. William Erbey sat down to discuss his take on stablecoins; let’s dive in. What Are Stablecoins? Before we get into it, what are stablecoins? Stablecoins are digital […]
Opportunity Costs, ROI in Mutually Exclusive and Inclusive Decisions
Opportunity cost and short-term and long-term return on investment (ROI) are useful for decision-making. These elements differ depending on whether the decisions are mutually exclusive or mutually inclusive. Opportunity Costs in Decision Making Opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen. In mutually exclusive events, the opportunity […]
Mutually Exclusive and Inclusive Events For Life Decisions
Mutually exclusive and mutually inclusive events aren’t only for probability and statistics; they can also be valuable for everyday life decisions. Below are some ways these concepts can be applied to improve personal and professional decision-making skills. Opportunity Costs and Time Horizons Understanding opportunity costs is crucial when considering mutually exclusive and mutually inclusive decisions […]
Mutually Inclusive and Exclusive Events Explained
In probability and statistics, events are considered outcomes or collections of outcomes. Understanding the relationships between different events is critical for accurate analysis and prediction. Two important terms that describe the relationship between events are “mutually exclusive” and “mutually inclusive.” These terms can sometimes be misunderstood or used interchangeably, leading to incorrect conclusions. Mutually Exclusive […]
William Erbey and His German Shepherds: Koda and Kuno
William Erbey often takes a moment to sit down and appreciate his time with his German Shepherds, Koda and Kuno. With significant responsibilities and a life run with high stakes, these dogs are not just guards or pets; they hold a special place in Erbey’s daily routine and emotional well-being. Growing Up With Hansel Before […]
The Story of William and Elaine Erbey
It’s often said that behind every successful person is a strong support system. While William Erbey has made a name for himself, he openly acknowledges that the key to his longevity and success is his partnership with his wife of 50 years, Elaine. The Foundation The couple met in February of 1972 through a Harvard […]
APEX Motor Control: The Future of Transportation
William Erbey recently discussed one of his many ventures, APEX Motor Controls Co. He explained the future of transportation is electric. Electric vehicles (EVs) are gaining widespread popularity as the world moves towards sustainable energy solutions. However, like any emerging technology, EVs face specific challenges that need innovative solutions. APEX Motor Controls Co. is tackling […]
Roivios: Combatting Chronic Kidney Disease
Chronic kidney disease (CKD) is a global health challenge affecting millions of people. Finding effective treatments is essential to improve patient outcomes and reduce the burden on healthcare systems. William Erbey spoke about his role in aiding this medical research and treatment challenge through Roivios. Roivios is a clinical-stage medical device company that offers patented […]
ESG Holdings: Digital Tokenization
William Erbey introduces ESG Holdings, an issuer, and operator of a digital tokenization platform spearheading a shift in the financial landscape. This company has introduced fungible digital assets like debit or credit cards, offering applications catering to diverse needs. The Rise of Tokenization In recent years, blockchain technology has emerged as a disruptive force in […]