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.
How Did Billionaire Carlos Slim Become the Richest Man in the World?
Life is like a snowball. The important thing is finding wet snow and a really long hill. — Warren Buffett
The answer is that Carlos Slim did it the tried and true old-school way: deal-making. Deal-making is defined here as the acquisition of numerous assets over a prolonged period of time. The intention is to increase the value of the assets so that they can at some point be sold off at a massive profit. Most of these are assets will be businesses. Most are then kept long-term because they are “cash cows,” to reference the famous Boston Consulting Group portfolio matrix. Others maybe flipped after a shorter period of time.