"You can buy a business with one-tenth the capital normally required (or even no cash at all) but in return you must work ten times as hard to make it succeed."
One of the most underrated finance books.
Arnold Goldstein bought 12 companies using none of his own money.
He spent three decades as a Boston deal lawyer structuring leveraged takeovers of small businesses.
Is this cure to male loneliness?
Alan Bond’s private holding company owned:
-Prime farmland
-100,000 sheep
-three bowling centres
-nickel mines
-real estate
Mustafa Chike-Obi, former Chairman of Fidelity Bank and Ken Ikpe, Chairman of Graviti Hill, argues on the one trillion dollar economy.
Chike Obi says we'll never produce 2m barrels of crude oil a day because OPEC won't let us do it.
He calls the $1 trillion economy statement a political speech that became basis for policy.
Hunting for Deals in Emerging Markets:
Self-generated deals start with a philosophy that opportunities are everywhere.
Like Michelangelo's angel enclosed in a block of marble, they are waiting to be revealed.
Asue Ighodalo, the founding partner of Banwo & Ighodalo Law firm talks about his work ethic early in his career.
He'd work 19 hours a day, his wife would bring his clothes to the office. Sometimes he won't go home for 3 days.
He says there's a 10,000 hour rule to be great
Playbook for Infrastructure Investing
This guy acquired 45 fiber companies and sold them for $14 billion.
Amazing lessons on digital infrastructure roll-ups.
The Boring Billionaire Strategy
1. Grab the low-multiple hard-asset picks and shovels, then apply better ops.
2. Target end markets with durable moats that the market will re-rate hard when the bubble implodes.
This book shows more realistic ways to profit off the AI boom than 99% of innovation reports.
Super interesting!
"A Fabulous Debt: The Epic Story of How Bonds Built the Modern World" by Robin Wigglesworth.
"With clarity and wit, Wigglesworth takes readers from medieval Venice to modern Wall Street, tracing how bonds evolved from obscure financial instruments into the invisible architecture of the modern world. Along the way, we meet warlords and water boards, merchant princes and mathematicians, financiers and fraudsters—all of whom helped build the most powerful machine in global finance. This isn’t just a book about the past. It's a guide to the present and future of the financial system—and a love letter to the engine that keeps it running."
https://t.co/lccvOMTfun
Femi Okenla, owner of Ibis Ikeja Hotel, says he still makes money that partners who work in his Law Firm.
He says he doesn't take any case that isn't worth his time. He uses a cost benefit ratio analysis a evaluate a case before advising his client.