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Founders: #198 Nathan Rothschild (Rothschild Family Dynasty)

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What I learned from reading The House of Rothschild: Money's Prophets by Niall Ferguson. ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- A business can only be managed well if one pays as much attention to the smaller business transactions as one does to the larger ones.All banks have histories, only the Rothschilds have a mythology. Ever since the second decade of the nineteenth century, there has been speculation about the origins and extent of the family's wealth; about the social implications of their meteoric upward mobility; about their political influence, not only in the five countries where there were Rothschild houses but throughout the world.Unlike modern multinationals, however, this was always a family firm.Perhaps the most important point to grasp about this multinational partnership is that, for most of the century between 1815 and 1914, it was easily the biggest bank in the world. In terms of their combined capital, the Rothschilds were in a league of their own. The twentieth century no equiva

[00:00:00] All banks have histories. Only the Rothschilds have a mythology. Ever since the second decade of the 19th century, there has been speculation about the origins and extent of the family's wealth, about the social implications of their meteoric upward mobility, about their political influence, not only in the five countries where there were Rothschild houses, but throughout the world. The five houses work together so closely that it's impossible to discuss the history of one without discussing the history of all five. They were the component parts of a multinational bank. Unlike…

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