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Founders: #237 Julio Lobo (Cuba's Last Sugar Tycoon)

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What I learned from reading The Sugar King of Havana: The Rise and Fall of Julio Lobo, Cuba's Last Tycoon by John Paul Rathbone. ---- Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com ---- [2:02] Beyond Possible: One Man, Fourteen Peaks, and the Mountaineering Achievement of a Lifetime (Founders #236) [3:22] This is a cautionary tale. [6:18] One of the main lessons of the book is just how fast things can change. [6:25] The History of Cuba in 50 Events [10:14] Lobo walked with a limp due to a murder attempt 14 years before that had blown a four inch chunk out of his skull. [12:29] One of the most human of all desires is to perpetuate what you have created. [12:55] Lobo thinks he has leverage when he really doesn’t. [18:39] He dies in poverty. Imagine having $5 billion and then at the end of your life having to rely on an allowance from your adult daughters. [20:30] I think about what Charlie Munger says: Don't try to be really smart. Just try to be consistently not dumb over a long period of time. [20:58] Hershey: Milton S. Hershey's Extraordinary Life of Wealth, Empire, and Utopian Dreams (Founders #146) [22:59] Chico, I was born naked. I will prob

[00:01] A: Cuba has known many rich men since Christopher Columbus first introduced sugarcane to the island. Thomas Terry, the most successful sugar planner of Cuba's colonial years, left $25 million on his death in 1886. Not bad considering that then the richest man in the world, William astor, left just 50 million. Yet Cuba does not have to look back more than a century to find extreme riches in Havana today. Tax to have Croesus like wealth is referred to be as rich as Julio Lobo. Julio Lobo was the richest man in Cuba before Castro's revolution did away with such men. Lobo's life frames…

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