Quote:
Originally Posted by Anthony
Good post, alot of what you have said, you can see in the companies that are successful.
Serge posted back in the day using the "Gold Rush" analogy, that very few miners made millions.
It was the Bankers, the Hotel Keeper, the Restaurant Owner, the Supply Shop owner, it was those who catered to the 49er's.
What's true then is still true now.
|
Yes I got that quote from Colin, he wrote a great article on his Building an Empire site about Wyatt Earp and how he made a fortune by opening saloons in gold rush towns.
Serge is a good example of coming up with an idea first, having a monopoly, and then being ready to cash out by the time everyone copies you. (That along with "a little" shaving can make a person very wealthy

)