In 1962 Sam Walton went from Rogers, Arkansas, where he had opened his first Wal-Mart store, to the Ben Franklin Headquarters in Chicago; he went there with an idea, the idea of taking a discount store and putting it in small towns in rural America, thus he asked the high personnel of Ben Franklin's to sell him merchandise at a discount rate so that he and them could together serve the rural communities with discount stores (Wal-Mart's); however, after a morning of discussions, they refused to sell him merchanidse at a discount rate.
Well, undeterred, he continued to pursue his vision, and two years later, in 1964, at age 46, he opened his 2nd Wal-Mart store in Harrison, Arkansas; however, it was anything but a smooth opening. David Glass, president of a drug retail chain explained what he saw the day it opened, "I saw Sam bought a couple of truck-loads of watermelons and he had stacked them across the front of the store, and he had donkey rides for the kids out in the parking lot; but what he didn't anticipate was that the temperature would rise to 110 degrees Farenheit in Harrison that day, and the waterlons began to pop and then watermelon juice began run over the parking lot and the donkeys did what donkeys do, and you can imagine what it looked like. The thing I didn't realize about Sam, though, and the people who were involved in those early days in Wal-Mart is that they had a quality that I haven't seen in many people or in many companies, and that was that there was never a day that went by that they didn't improve something." When Sam died in 1994, the same David Glass, who had been hired by Sam earlier, became President and CEO of Wal-Mart, and the ratail store witnessed its greatest growth.
Monday, December 26, 2011
Thursday, October 27, 2011
Catch 22 by Joseph Heller
On October 10th, 1961 the book Catch 22 by author Joseph Heller was first published, and it did not become a best seller at all in the U.S. unlike in England where it did become a best seller immediately. Thanks to the movie version of it made in 1970 by director Mike Nichols, the book became a best seller in the U.S. Hence, on October 10, 2011 it was the 50th Anniversary of the publising of this book - which is about a World War II bombardier captain who intended to have himself be declared insane so that he wouldn't have to fly anymore missions bombarding cities in Europe; the book also spawned the catchy phrase "Catch 22" - when something never come to a close. The main character was played by Alan Arkin as one of the first aspergers known in the world. Also Orson Wells and Martin Balsam performed in the movie. As is known, Mr. Joseph Heller was once told at a dinner party, "Haven't written anything as good as 'Catch 22' have you?" and his response was "who has."
Sunday, October 9, 2011
A Poem by John D. Rockefeller Sr.
"I was early taught to work as well as play; my life has been one long happy holiday, full of work and full of play. I dropped the worry on the way, and God was good to me every day."
Thursday, September 22, 2011
Los Hombres de Accion
Todo aquel que llegó lejos, lo hizo a través de la acción.
A los hombres de acción, les sonrie la Diosa de la Fortuna. Del libro, "El Hombre más Rico de Babilonia."
A los hombres de acción, les sonrie la Diosa de la Fortuna. Del libro, "El Hombre más Rico de Babilonia."
Tuesday, August 9, 2011
John D. Rockefeller Senior's worth.
In present terms, John D. Rockefeller Senior's fortune is valued at anywhere from $us 630 to $us 900 billion dollars, it was worth 2% of the U.S. economy. He truly believed that God intended for him to be a millionaire.
Wednesday, July 27, 2011
Carlos Slim Helu
Mr. Carlos Slim is the world's richest person since 2010, when his fortune was valued by Forbes Magazine at 53.5 billion dollars. In 2011 his fortune was over the 70 billion mark and still growing quickly.
How did he do it? Well, we are finding out, and we'll apply those processes, knowledge and stamina to our daily activities.
Born in 1940, he lives in Mexico City in a modest house, and has lived there for the last 40 years. He is a widower since 1999, and has 3 daughters and 3 sons from his one-time wife. He began investing and running companies in 1965, when he was 25. Today in 2011, at 71 years of age, he is still investing in more than 200 companies throughout the world while at the same time he manages a few of them, particularily those in the areas of mining and real estate; while his telecommunications empire and finance empire is run by his CEOs.
His physical appearance is very much like that of the greatest man on Wall Street, Sanford E. Weill, better known as Sandy Weill. Both have the same way of speaking and addressing an audience, and perhaps of making deals. Both strongly believe in being honest when doing a deal as well as in their long term business relationships, and in their own behavior as buisnessmen in the long run.
On the internet and on You Tube are perhaps the best places to learn more on the great attributes of Mr. Carlos Slim. As for Sandy Weill, there is the very well written biography about him called "Bringing Down the Walls."
How did he do it? Well, we are finding out, and we'll apply those processes, knowledge and stamina to our daily activities.
Born in 1940, he lives in Mexico City in a modest house, and has lived there for the last 40 years. He is a widower since 1999, and has 3 daughters and 3 sons from his one-time wife. He began investing and running companies in 1965, when he was 25. Today in 2011, at 71 years of age, he is still investing in more than 200 companies throughout the world while at the same time he manages a few of them, particularily those in the areas of mining and real estate; while his telecommunications empire and finance empire is run by his CEOs.
His physical appearance is very much like that of the greatest man on Wall Street, Sanford E. Weill, better known as Sandy Weill. Both have the same way of speaking and addressing an audience, and perhaps of making deals. Both strongly believe in being honest when doing a deal as well as in their long term business relationships, and in their own behavior as buisnessmen in the long run.
On the internet and on You Tube are perhaps the best places to learn more on the great attributes of Mr. Carlos Slim. As for Sandy Weill, there is the very well written biography about him called "Bringing Down the Walls."
Bolivia Sin Bolsa de Valores
Bolivia no tiene una Bolsa de Valores que funcione. Como dice el muy buen amigo de Allan Greenspan y ex presidente del Banco Central de Bolivia, Juan Antonio Morales, "en Bolivia tenemos una Bolsa de Valores de alacitas"! Es así que Bolivia, como pocos países del continente, se ha quedado sin una "Bolsa de Valores" debido a que desde los años 80, 90, 2000, 2010 y en adelante, los bancos de este país no han permitido que los ciudadanos bolivianos puedan tener otras opciones de invertir su dinero que no sea la caja de ahorros o los DPFs (los depósitos a plazo fijo) que los ciudadanos mantienen en dichos bancos.
El momento que la gente pueda invertir su dinero en empresas nacionales, tanto privadas como estatales, ese momento las empresas bolivianas crecerán de forma exponencial, ya que el dinero de la gente irá directamente a las empresas en las que los ciudadanos decidan inviertir y, por ende estás empresas crecerán astronómicamente y serán competitivas y además le podrán hacer competencia a las empresas de los países vecinos. De esta manera, naturalmente, Bolivia crecerá y progresará muchísimo.
Sin embargo, como se sabe, la banca miope de este país y super millonaria, no desea que la gente invierta su dinero en empresas bolivianas; ya que dejarían a los bancos sin los gigntéscas ganancias que perciben gracias a los ahorros que la gente mantiene en esos bancos.
El momento que la gente pueda invertir su dinero en empresas nacionales, tanto privadas como estatales, ese momento las empresas bolivianas crecerán de forma exponencial, ya que el dinero de la gente irá directamente a las empresas en las que los ciudadanos decidan inviertir y, por ende estás empresas crecerán astronómicamente y serán competitivas y además le podrán hacer competencia a las empresas de los países vecinos. De esta manera, naturalmente, Bolivia crecerá y progresará muchísimo.
Sin embargo, como se sabe, la banca miope de este país y super millonaria, no desea que la gente invierta su dinero en empresas bolivianas; ya que dejarían a los bancos sin los gigntéscas ganancias que perciben gracias a los ahorros que la gente mantiene en esos bancos.
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