Before reading this book I didn't have a real opinion about Trump. I knew he had made a lot of money and then lost it all, only to make it all back, aBefore reading this book I didn't have a real opinion about Trump. I knew he had made a lot of money and then lost it all, only to make it all back, and now become a reality TV start later in life. I always thought he was a bit arrogant but how many Billionaires aren't. I am now really impressed by this man who dedicates much of his success to simple hard work. Considering The Art of the Deal was published in 1987 when trump was 40 he really didn't hit his stride until much later in life.
Reading about the deals he put together really helps me understand New York and its many landmarks much better. Having a father in real estate really shaped his life, but it was his decision to go after bigger and better prime locations that really took him into super stardom. No one remembers the guy who builds lots of low income housing, but they do remember the guy who builds the biggest and the best. In the same way no one watches the WNBA because no one can dunk a basketball. Trump is big and always gets the best locations which makes him memorable.
Learning about his first big deal the Commodore Hotel which is not the Hyatt in NYC, then the building of Trump tower really gave me a greater understanding of him, the 1980s, and real estate in general. The book is packed with information but I didn't start rapidly dog earing pages until the final few chapters. It does annoy me that he refers to his two years at U-Penn as an undergraduate as going to the Wharton School of Business. Most people refer to Wharton only when talking about an MBA, but then again perception is reality and obviously Trump has mastered that skill. I was also very surprised to see he had some military school background from the pictures in the book.
Going back to the Hotel Business the background on the Hilton family will make me laugh every time I stay in a Hilton in the future. I loved the story that lead to Donald's acquisition of Trump Marina in AC. I never knew this was planned to be a Hilton property before reading the book. I love learning about places I've already been too in real life.
I find this book especially motivating as I feel like I'm in that Cincinnati Kid chapter doing small real estate deals now, biding time to do something big in my 40s.
A dilemma has been defined as "a situation that requires a choice between options that are or seem equally unfavorable or mutually exclusive.", and IA dilemma has been defined as "a situation that requires a choice between options that are or seem equally unfavorable or mutually exclusive.", and I would agree with that assessment. This book made me think, and continues to make me think which is more than I can say for 80% of what I read. But, many of us have to get through the 80%, to find the 20% that challenges us. Through much of my professional career I've been searching to find better, faster, or cheaper solutions to problems using technology. This works in the software world where engineering a solution to a problem usually has a clear or at least best solution.
This book really woke me up to the challenge of the business world where you might not find a solution no matter what course of action you take. Basically you can be right and still lose. Even if your company is currently successful, looking back through history shows it may not be able to continue on that trajectory forever. The book does a fantastic job showing how companies that took the sustaining and disruptive approach fared over time across multiple product categories over time. In the end much of the traditional thinking of how to run a business (especially in technology) gets thrown out the window.
If you are just browsing or want the short version there is a book guide following the last chapter that would serve as a shortcut to those who have not read the whole book. Also, the charts bring to life some of the more complicated data discussed throughout the book. I intend to keep this one on my desk and loop back to it again, and use as a reference it was that good. Five Starts, totally recommend. ...more
I first saw this book sitting on the shelves at the Penn State Great Valley Branch campus in 2007 when I was studying for the GMAT. The sheer size ofI first saw this book sitting on the shelves at the Penn State Great Valley Branch campus in 2007 when I was studying for the GMAT. The sheer size of the book was what caught my eye on the shelf. It really is a behemoth of a text. "Who in their right mind reads something like that", I thought. After getting through the Creature from Jekyll Island this was next in my series of 500+ page books. On the advice I was given to study some of the classic books and men of history I figured why not get to know more about the richest man the world has ever seen.
Do yourself a favor and look at the number of companies that Standard Oil was broken into by the Government on Wikipedia. Exxon, Mobil, Chevron, Amoco, Parts of BP, Conoco, Marathon, and more. At one point Rockefeller was responsible for 1% of the Gross National Product of the entire United Stats of America. He really was a Titan of industry.
The book covers his parents, his life, his children, and Grand-Children. This was good and bad because it really gave a holistic view of John D., though the early and late parts of his life are far less fascinating, they do paint a much more colorful picture of the man. Also using Rockefeller as an anchor for most of the events in the country post civil war pulled together much of what I had learned in high school history, college business courses, and many of my own experiences.
His life and impact he had on our country are still felt today. His family was largely responsible for building the University of Chicago, Rockefeller Center in New York, as well as Colonial Williamsburg in Virginia. Plus being from Pennsylvania I had no idea how much Oil was pumped out of our State and sent to Cleveland to be refined. Reading the book is an accomplishment so you know the man who lived it was mightily important. The size of the book probably frightens most away, but for me it was well worth it as it touched on over 100 years of history, and the life of one extraordinary man. If you can stomach it, you owe it to yourself to read this book.
I would describe this as a more complicated Wizard of OZ, able to stick with the reader for a long time to come. Of the dozens of books I read every yI would describe this as a more complicated Wizard of OZ, able to stick with the reader for a long time to come. Of the dozens of books I read every year, I'll repeatedly come back to many of the themes in this book. Also, I can honestly say it made be a better person for having read it. I can't say enough good things about, the book, and I'm a bit upset it took me this long to finally find it. Why isn't this being taught in school anymore?
It make me realize knowledge isn't everything, and that part of the human experience is emotion. The more intelligent Charlie became, the more he realizes how much suffering was in the world, so in a way his ignorance was truly bliss. It made me realize, we all will battle ignorance, emotion, and fear throughout our lives. Too much of one or the other and we lose balance. At different points in the book Charlie is like the Tin-Man (no heart), Scarecrow (no brain), and Lion (no courage), all wrapped into one. It also make me appreciate the fact that as one becomes more intelligent, it doesn't make them "better" than anyone else, just more intelligent. Treating everyone as a human is something many of us often forget to do in many different circumstances.
My only complaint was the lack of a "big finish" at the end. I'm not sure if I am just used to more modern writing which seems to have a "big finish" toward the end, or if being a few decades old, this was just not the way books were written that long ago. In any event, pick this book up you won't regret it....more
Try walking around at lunch with this tucked under your arm, it always starts a conversation. Strangers come up to you and ask about all your secretsTry walking around at lunch with this tucked under your arm, it always starts a conversation. Strangers come up to you and ask about all your secrets at the track because surely you must know something if you are one of those guys who bets on horses. On more than one occasion I got the "So you like to play the ponies" from someone. While I was not able to put all of this new found knowledge into play on a race track I certainly have benefited from the wisdom in this book on the stock market.
Truth be told I only bought this after reading Jim Cramer's book Confessions of a Street Addict where he says the best investing book ever written is not an investing book at all. He is 100% right. This book was fantastic. If you only read one chapter skip right to 11 and read about money management. I especially like the line on page 186 "As harmful as money problems and alcohol can be, the most deleterious effects on a horseplayer's concentration are caused by women." More true words have never been written. I really liked the pace and conversational tone of this and actually learned way too much about horse racing. I'd recommend it to anyone as it was a fun read but also very insightful. ...more
It was interesting to learn of the history of Entertainment Sports Network. I never knew the company was owned by an oil company (Getty Oil) at one poIt was interesting to learn of the history of Entertainment Sports Network. I never knew the company was owned by an oil company (Getty Oil) at one point. I also never realized how many management changes they had been or how the founder only worked there for about a year. This book was an excellent recap of the last 30+ years of how the company grew, and grew fast. While overall the book was good there were a few points the author stated he would not discuss which I found particularly annoying. This behind the scenes stuff is what most of the readers came here to find out about. Anyone can read a bio of the company with a few google searches, but we pick up books like this one to have the curtain pulled back.
The chapters toward the end, especially the one where they state the purpose of ESPN (and any business for that matter) "is to make as much money as you possibly can, for as long as you can". are slanted toward business more than sports or entertainment. Though, looking back there are probably few people who can't pull great ideas from the business, entertainment, or sports aspects discussed here. There is something here for everyone. Excellent book, highly recommended. ...more