Founders

#336 How To Lose A Few Billion Dollars: Samuel Insull

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Sinopsis

What I learned from reading Insull: The Rise and Fall of A Billionaire Utility Tycoon by Forrest McDonald.  ---- Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes ---- Come and build in-person relationships at the Founders Only conference ---- (0:01) Insull had been in the electric business as long as there had been an electric business. (4:00) He awoke early, abruptly, completely, bursting with energy; yet he gained momentum as the day wore on, and long into the night. Sam had near-demonic energy. (5:00) Sam's most obvious attribute was a capacity for racing through large quantities of reading material, effortlessly perceiving its important assumptions and generalizations, and thoroughly assimilating its salient details. (7:00) He eagerly embraced platitudes: • Idle hands are the devil's workshop • Time is money • Things are simply "done" or "not done" • One reveres one's family • Only that which is useful is good • Survival of the fittest (8:00) O