Robert Frank used to be the wealth reporter for the WSJ before jumping ship to CNBC. Five or six years ago he published a book on the newly rich in America called Richistan which is a fun read. Its chapters consist of profiles of a few fresh tycoons, c. 2006, as well as a look at the pros and cons of being rich.
Today Frank wrote a brief piece titled “Are Billionaires Just Smarter Than Everyone Else?” for CNBC.
Carlos Slim: The Richest Man in the World/The Authorized Biography [Hardcover] by Jose’ Martinez
Well, it looks like the long-awaited Carlos Slim biography has been pushed back yet again. Now it’s scheduled for May. It was supposed to come out in early April. Before that it was supposed to come out in March, before that in February, and before that in January.
“A rising tide lifts all boats.”
For anyone stuck on what industry to go with, here’s a list of fast growth ones.
Fastest-Growth Industries for U.S. Small Businesses in 2012
- Residential building construction: 14.77 percent
- Building custom software and servers for businesses: 14.29 percent
- Machinery, equipment, and supplies merchant wholesalers: 13.75 percent
- Management, scientific, and technical consulting services: 12.31 percent
Tom Gore of Platinum Equity is one of the best examples of someone taking the tycoon playbook strategy to its fullest limits. He’s just one third of an impressive trio of brothers who all came from pretty humble beginnings. Older brother Alec is in the same line of business running The Gores Group. Sam Gores is a former butcher turned high-powered Hollywood agent and founder of the Paradigm Talent Agency.
Here’s an interview with Tom.
Nothing maximizes growth rate like jumping aboard a megatrend early on.
Here are some predictions on possible and emerging megatrends.
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