Wealth - seanallenfenn.eth

Posts tagged with
wealth(124)

Jul 17
How Jared Isaacman Will Make Us Interplanetary
Most entrepreneurs worship growth. They sell their souls for venture capital. They become high-paid employees in their own companies. Not Jared Isaacman.

Jul 10
How Herb Kelleher Killed Competition
“All the people that were telling me those things were expressing conventional wisdom. And if it’s conventional it ain’t wisdom. And if it’s wisdom, it ain’t conventional.” – Herb Kelleher

Jul 3
The Unfair Advantage of Guy Spier
Most investors flock to New York to stay close to the action. Guy Spier fled to Zurich to ignore the noise, clone Warren Buffett, and beat the market.

Jun 26
Methods of Prosperity 122
“It’s not what you buy; it's what you pay for it. A great company at an exorbitant price is a poor investment, but a mediocre company bought for a bargain price can be a great investment.” – Howard Marks

Jun 19
Methods of Prosperity 121
Fired on the same day, Arthur Blank and Bernie Marcus built The Home Depot (and a fortune) because of it.

Jun 12
Methods of Prosperity 120
“No. I like to be able to change my mind — to access my money when I want.”– David Geffen
This was in response when asked if he wanted to be a limited partner in Kleiner Perkins for a million dollars.

Jun 5
Methods of Prosperity 119
“The Only Way to Win in a Casino is to Own One.” – Steve Wynn
Amateurs Play the Game. Billionaires Own It. Steve Wynn. Most casino operators focus on maximizing immediate gaming revenue. Not Steve Wynn. He invested heavily in non-gaming amenities that many considered unprofitable. “I don't give a damn about the short-term market implications. This is not a company that gives a damn about short-term markets.” – Steve Wynn

May 29
Methods of Prosperity 118
“Stick to your knitting, do what you can do and do more of it and try and grow it. Don’t try and do everything.” – John Bragg
Become a Billionaire Without Selling Unique Products —Even if it Takes 50 Years

May 22
Methods of Prosperity 117
“Ideas are a commodity. Execution of them is not.” – Michael Dell
Most entrepreneurs who go public stay public. Michael Dell orchestrated something unprecedented in the tech industry.

May 15
Methods of Prosperity 116
“We are all born for something.” – Amancio Ortega Gaona... Many founders chase venture capital. They dilute ownership for rapid scaling. They leverage debt for expansion. They seek quick exits via sales or early IPOs. Not Amancio Ortega, the Spanish billionaire businessman and founder of Inditex. It’s the world’s largest fashion retailer best known for its flagship brand Zara. Ortega started from humble beginnings and built a multinational empire. He achieved financial freedom through a series

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Sean Allen Fenn
Methods of Prosperity Newsletter examining the methods used by historical figures to accumulate wealth.