What I learned from reading The King of Oil: The Secret Lives of Marc Rich by Daniel Ammann.
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)
A list of all the books featured on Founders Podcast
Twitter @founderspodcast