If a man write a better book, preach a better sermon, or make a better mouse-trap than his neighbor, tho’ he build his house in the woods, the world will make a beaten path to his door. -Ralph Waldo Emerson, How to get rich, p.69 Continue reading The power of a great idea, product
The results can be catastrophic. Even though there’s a psychological barrier to do so, stealing ideas from competitors is necessary. e.g In the late 80s-90s, Future publishing, a competitor to Dennis Publishing in the UK, started to put a playable electronic game with each magazine. Felix Dennis had no interest in paying huge fees to Sony or Sega to include their games with Dennis’s magazine. And so the team at Dennis did the Ostrich and kept their traditional way of doing things in the video games magazines. Future publishing started to get traction and sell more than Dennis in the … Continue reading The error of failing to emulate a winning idea pervades every industry at all levels.
The eventual goal is vastly more imp-ortant than any idea. It is how ideas are implemented that counts in the long run. How to get rich, p.61 Continue reading Having a great idea is simply not enough
-How to get rich, Gary Player, p.57 Continue reading The harder I practiced, the luckier I got
Of course, there is nothing wrong with robust debate, either with others or oneself. What is undesirable, however, is the pretense that any such debate can resolve the risks involved in advance. It cannot. All debate can do is clarify, support or contest the next step. The risks remain, however much talking is done. -How to get rich, p.31 Continue reading A committee is a cul-de-sac in which ideas are lured and quietly strangled
Wealth Measured by Cash-in-hand or Quickly Realizable Assets $100,000-$400,000 The comfortable poor $400,000-$1,000,000 The comfortable off $1,000,000-$2 million The comfortably wealthy $2 million-$10 million The lesser rich $10 million-$30 million The comfortably rich $30 million-$70 million The rich $70 million-$100 million The seriously rich $100 million-$200 million The truly rich Over $200 million The filthy rich and the super rich Wealth measured by Total Assets $2 million-$4 million The comfortable poor $4 million-$10 million The comfortable off $10 million-$30 million The comfortably wealthy $30 million-$80 million The lesser rich $80 million-$150 million The comfortably rich $150 million-$200 million The rich … Continue reading How rich?
Not in all cases, but in too many for it to be a coincidence. -How to get rich, p.xx Continue reading There is a confidence that radiates from firstborn sons or daughters.
-How to get rich, preface Continue reading If it flies, floats, or fornicate, always rent it – it’s cheaper in the long run.
Roadmap to Billions 