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Founders: #46 I Love Capitalism: An American Story

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What I learned from reading I Love Capitalism: An American Story by Ken Langone. --- His early life: there was never much money (3:30) Ken's first jobs (5:35) [At school] I didn't apply myself at all . I did the absolute minimum . I was too busy having fun and working at all my various jobs (12:05) further adventures in entrepreneurship (13:24) Looking for work / finding excitement (17:00) stepping out into the void / getting creative to get a job (23:50) how he starts growing a business within the firm (26:33) his first big break (28:50) You treat a customer right and you never have to worry (32:00) A lesson about human nature and developing trust (34:45) Getting rich is one skill. Staying rich is a different skill altogether(43:10) moral of the story: who wants it the most? (48:25) Hubris and Redemption: Starting over (50:25) how he started his own business (54:00) learning about the opportunity for home depot from other founders and some early tactics to get traction for their stores (59:00) leave more on the table for the other guy than he thinks he should get (1:03:32) ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepr

[00:00:00] If there's one lesson I could pass along to kids today, it's this. The opportunities today are the very best they've ever been. You might have to look for them harder than in my day, but they're there. Boy, do I wish I was 21 again and just starting out. Like so many college kids today, I wanted to go to Wall Street and get rich. That's a good way to make a lot of money, but it's also a way to fail big, not to mention burn out fast. I learned early how essential it was to love the work I was doing. Sometimes I look back and wonder, how did this all happen? And then the answer…

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