11 Business Biographies That Will Make You Rich

Jun 9, 2024

Lecture: 11 Business Biographies That Will Make You Rich

Introduction

  • Speaker's background:
    • Former drug addict at 16, made first million by 27
    • Currently flies a private jet, owns supercars, has a beautiful family
    • Credits his success to reading books, specifically business biographies
  • Purpose of the lecture:
    • Distilled 111 biographies to the top 11
    • Aims to inspire entrepreneurs, instill confidence, and encourage action

1. Open by Andre Agassi

  • Focus on performance, mindset, and growth
  • Teaches honesty and authenticity in life and business
  • Written by a ghostwriter who also wrote another top biography
  • Andre Agassi: decorated tennis player, influenced by demanding father
  • Themes: personal/professional development, adaptability, embracing change

2. Losing My Virginity by Richard Branson

  • Biography of Virgin Group founder
  • Emphasis on risk-taking, creativity, and fun
  • Focus on building brand and company culture over profits
  • Highlights: embracing innovation, disrupting industries, customer satisfaction
  • Richard Branson: started first business at 16 (a magazine called Student)

3. The Hard Thing About Hard Things by Ben Horowitz

  • Targeted towards tech and software entrepreneurs
  • Based on Horowitz's blog with rap lyrics starts
  • Focus: leadership, making tough decisions, navigating uncertainty
  • Personal story: speaker had to restructure his company, inspired by this book

4. Trailblazer by Marc Benioff

  • Biography of Salesforce founder
  • Pioneer of Software as a Service (SaaS) and cloud computing
  • Focus: disruptive technology, customer success, and vision-led leadership
  • Philanthropy: 1% of profit/resources/time to community projects

5. Founders at Work by Jessica Livingston

  • Compilation of interviews with founders like PayPal, Gmail, 37signals
  • Insights into early startup days and founding stories
  • Lessons: product building, scaling startups, leadership, and company culture
  • Personal anecdote: pivoting a productivity app to a marketplace

6. Snowball by Warren Buffett

  • Detailed and thick biography of investor Warren Buffett
  • Focus on long-term wealth building, continuous learning, and intellectual curiosity
  • Principles on frugality, integrity, hiring leaders, and simplicity
  • Investment strategies: risk management, patience, emotional discipline

7. Titan by John D. Rockefeller

  • Biography highlighting Rockefeller's impact on the American economy
  • Highlights: monopolizing the oil industry, vertical integration, and competitive nature
  • Lessons on competing aggressively and increasing self-worth

8. My Life and Work by Henry Ford

  • Autobiography of the Ford Motor Company founder
  • Innovation in manufacturing, introduction of the assembly line
  • Views on labor relations and introduction of the $5 workday
  • Influence on manufacturing strategies and continuous improvement

9. Steve Jobs by Walter Isaacson

  • Popular biography of the iconic Apple founder
  • Relentless pursuit of perfection, innovative product development (iPod, iPhone)
  • Leadership style: challenging norms, spy on customer behavior for feedback
  • Personal story: switch from Microsoft to Ruby on Rails after using a Mac

10. Elon Musk by Walter Isaacson

  • Deep dive into Musk's multiple companies (SpaceX, Tesla, SolarCity, Boring Co., Neuralink)
  • Philosophy: multi-planetary species, playing long-term strategy (chess vs. checkers)
  • Engineering principles: removing unnecessary parts, Vector leadership
  • Musk's openness for the biography: unrestricted access to all aspects of his life

11. Shoe Dog by Phil Knight

  • Biography of Nike founder
  • Written (with a ghostwriter) in an engaging, can't-put-down style
  • Story of building Nike from selling Japanese shoes to a global brand
  • Focus on team building, persistence, resilience
  • Personal anecdote: overcoming impossible odds to sustain business

Conclusion

  • Encouragement to read these biographies for lessons on entrepreneurship
  • Mention of a link to learn about the 15 Laws of Success