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Fast Growth Strategies Should Focus on Megatrends
One of the most important differences between ordinary entrepreneurs and tycoons is what they focus on. The former tend to concentrate on niche opportunities while the latter often look for a megatrend to jump on. To get you started thinking more like a tycoon take a look at these two articles on megatrends and ask yourself how you might capitalize on them.
No Death, No Taxes
The libertarian futurism of a Silicon Valley billionaire Peter Thiel
Peter Thiel is one of the famous “Paypal Mafia.”
Jeffrey Skoll: Meet the Canadian billionaire who’s giving it all away
“I was living in a house with five guys, eating their leftovers when they weren’t watching. … I went from that to having $1-billion-plus on paper.” – Jeffrey Skoll
How Tycoons Think and View the World
Sometimes you’re treated like a skunk at a tea party. But that’s the fate of anyone who challenges the status quo. – Rupert Murdoch
I just discovered Hell on Wheels a couple of weeks ago and decided to give it a try because there was nothing else to watch. I ended up liking it. While the lead character is a walking cliche, the real star and saving grace of the show is railroad magnate Thomas Durant as played by the great Colm Meaney. Durant was one the tycoons who built the first transnational railroad after the Civil War.
The History Channel’s The Men Who Built America
One of the most interesting tycoons of the era was Jay Gould. As mentioned in another post, Jay appears only briefly in the first episode of the series when it tells the tale of Jay and his partner-in-crime selling watered down stock certificates to Cornelius Vanderbilt as he attempted to acquire control of the Erie Railroad. These two characters are worthy of an entire episode in the next segment of the series.
Jay Gould was considered by some to be the finest financial mind among the lot, even more so than banker J.P. Morgan. Gould partnered early on with a colorful character by the name of Jim Fisk who could as easily have been a grifter if he had not been fortunate enough to impress Gould. The two came to have a number of battles with the Commodore. Continue reading
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