Summary of Sam Wilkin's Wealth Secrets of the One Percent

ebook

By Everest Media

cover image of Summary of Sam Wilkin's Wealth Secrets of the One Percent

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Please note: This is a companion version & not the original book. Sample Book Insights: #1 The final liquidation sale of Circuit City, led by a consortium of investors including Mexican billionaire Carlos Slim, was a complete failure. Only about 50 people showed up to shop, and most of them were technology bloggers. #2 When most people think about wealth secrets, they probably think about some sort of business venture. The fall of Circuit City and another famous failure, the hedge fund Long-Term Capital Management, illustrate the importance of business, when practiced without any wealth secrets. #3 The company that became Circuit City was founded as Wards by Sam Wurtzel. Wurtzel was ambitious, clever, and had married well. He was also something of a budding Napoleon of retail. He longed to conquer territory, and he wanted to keep his empire all in the family. #4 Wurtzel wanted to expand his empire, and in 1969 he bought a chain that sold hardware and housewares. The chain was profitable, but Wurtzel overextended himself and lost money on his other acquisitions.
Summary of Sam Wilkin's Wealth Secrets of the One Percent