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Methods of Prosperity 106
Mark Leonard is the founder and president of Constellation Software Inc., (CSI). It’s a Canadian technology company renowned for its unique strategy. CSI acquires vertical market software (VMS) businesses. Before founding CSI, Leonard worked various jobs. A dog handler, furniture mover, and even a gravedigger. Then he entered venture capital. Leonard spent eleven years in the venture capital industry. Until he became disillusioned with the short-term focus of the sector. That’s why he established Methods of Prosperity 106.
Methods of Prosperity 105
In 2014, psychologists Samuel Hunter and Lily Cushenbery made a counterintuitive discovery. They found that less agreeable individuals were more innovative in group settings. This is due to their willingness to advocate for their own ideas. This concept parallels the story of James Dyson. He persisted through legal challenges and setbacks to innovate and succeed. Born in England in 1947, Dyson’s curiosity led him from art to engineering. His journey involved creating the Sea Truck and developing Methods of Prosperity 105.
Methods of Prosperity 104
“From the beginning of 1985, the G-Force became all consuming. It had to be, I had lost Amway, I had lost Rotork, and I was heavily in debt and had to survive.” – James Dyson Methods of Prosperity 104
Methods of Prosperity 103
“Ours is a life of failure. Every day you have thousands of failures in order to get the one success. It’s a pilgrims’ progress to get there. There’s nothing wrong with that. Failure is actually more interesting than success is. You learn from failures, but success is —well, that’s done— and you don’t question it. Whereas failure, you question and you learn from it.” – James Dyson Methods of Prosperity 103
Methods of Prosperity 102
In 1979, James Dyson lost control of his company, Kirk-Dyson Designs. He also lost the rights to his invention, the Ballbarrow. He learned the importance of maintaining control over patents and company ownership. Left without income, Dyson faced the challenge of supporting his family. What spurred him to persevere? His frustration with traditional vacuum cleaner design. That’s when he started to develop a bagless vacuum. One that used cyclone technology. He based this idea on his prior experiences Methods of Prosperity 102.
Methods of Prosperity 101
Welcome to the 101st edition of Methods of Prosperity! Last week, we hit a milestone with our 100th issue, and I’m thrilled to share this journey with you. This week, let’s explore the common traits that define the world’s wealthiest individuals. Methods of Prosperity 101.
Methods of Prosperity 100
Most people assume you need to master many trades to become a billionaire. John Arrillaga proved otherwise. He built his fortune. And in the process, Silicon Valley itself. Without being a tech bro. He never claimed he would "change the world." No constant drive to "disrupt" industries. No pitching to venture capitalists. No disdain for credentials and established norms. His philanthropy wasn’t directed at broad, global problems. It wasn’t detached from his immediate region. He directed it to... Methods of Prosperity 100
Methods of Prosperity 99
Larry Gagosian is currently a leading art dealer. He built an empire in the unregulated art market much like his predecessor, Joseph Duveen. Duveen was a pioneer in the art world. He connected European masterpieces with wealthy American industrialists. This was during the late 19th and early 20th centuries. Strategic market manipulation, aggressive marketing, and a deep understanding of his clients’ desires. That’s the lore of Duveen. His tactics included learning intimate details about potential clients and... Methods of Prosperity 99
Methods of Prosperity 98
In the late 1970s, Larry Gagosian contacted photographer Ralph Gibson for a show. Which led to Gagosian’s pivotal introduction to legendary dealer Leo Castelli. Castelli was influential in the postwar American art scene. He mentored Gagosian. Leo granted Larry access to prominent artists. Artists including Lichtenstein, Jasper Johns, Andy Warhol and Jean Michel Basquiat. Gagosian’s career flourished. He moved to New York in the mid-1980s, opening a significant gallery in Chelsea. He became known... Methods of Prosperity 98
Methods of Prosperity 97
In 1981, art dealer Larry Gagosian bought three works of art at a group show. They were pieces from Jean-Michel Basquiat. This led to Basquiat’s first exhibition in Los Angeles. Basquiat and his then-girlfriend, Madonna, stayed with Gagosian at his Venice home. Larry Gagosian was born in 1945 in L.A. to Armenian parents. He had a rocky start. He struggled with a lack of direction in his early years. This era included a brief marriage, various odd jobs, and legal issues related to forgery. Methods of Prosperity 97.
Written by: Sean Allen Fenn
Methods of Prosperity Newsletter examining the methods used by historical figures to accumulate wealth.