#63 Marc Rich (The King of Oil: The Secret Lives of Marc Rich)
Founders
English - March 10, 2019 05:05 - 1 hour - 77.1 MB - ★★★★★ - 984 ratingsBusiness Society & Culture business autobiography business biography entrepreneur entrepreneurs founders founder company builders elon musk jeff bezos steve jobs Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
What I learned by from reading The King of Oil: The Secret Lives of Marc Rich by Daniel Ammann.
The spot market for oil was one of the most lucrative ideas of the twentieth century. (0:01)
the historical events intertwined with the career of Marc Rich (5:15)
how his family escapes the Nazi's (12:00)
his first jobs + learning from his father + finding his vocation (14:30)
learning the commodities business from A to Z (20:00)
his work environment was training for entrepreneurship + how he thought about the opportunity in oil (30:30)
Marc gets screwed on pay so he starts his own company (35:00)
why Marc chose Switzerland as the headquarters of Marc Rich + Co. (37:00)
why the invention of the spot market was important (43:00)
why Marc Rich thought he was exempt from Jimmy Carter's executive order (46:15)
the state of his business in 1990 (1:01:00)
how to lose $172,000,000 (1:14:00)
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