Standard Oil Company

Strategic Concepts & Mechanics

Signature MovePerot: Obscene Demands Until They Stop Saying No

Signature MoveBuffett: Insurance Float as a Super Margin Account

Signature MoveHuizenga: Close in the Stench Until They Say Yes

Cornerstone MoveSteal the Playbook, Then Outrun the Author

Risk DoctrineLuck Acknowledged Then Ruthlessly Exploited

Identity & CultureJoy in the Chase Not the Prize

Capital StrategyHold Your Equity Until It Compounds Past Nine Figures

Identity & CultureThick Skin Inherited or Forged by Fire

Cornerstone MoveConsolidate Fragmented Industries at Blitzkrieg Speed

Cornerstone MoveNobody Got Rich Watching from the Stands

Strategic PatternHigh-Growth Industry as the Only On-Ramp

Capital StrategyInsurance Float as Empire Foundation

Signature MoveKerkorian: Sell Before the Peak, Never Pick the Bone Clean

Relationship LeveragePolitical Access as Wealth Multiplier Not Wealth Creator

Cornerstone MoveKeep the Back Door Open on Every Bet

Operating PrincipleFrugality as Permanent Competitive Moat

Signature MoveWalton: Spy on Every Competitor Then Outwork Them All

Signature MoveRockefeller: Silent Desk, Then Swivel-Chair Knockout

Primary Evidence

"Phil Anschutz’s migration to fiber optics, a dynamic growth area of his era, has many historical parallels. John D. Rockefeller Sr. began his career as a commission agent dealing in produce, with no particular ex¬ pertise in the oil business. Breaking in was comparatively easy, however. The petroleum industry had just been born with Edwin Drake’s 1859 discovery and (no less important) successful extraction of oil in Ti¬ tusville, Pennsylvania. Rockefeller’s home base, Cleveland, was well situ¬ ated to become a refining center. It was as an investor in a start-up refinery that he began his ascent to monopolistic power through the Standard Oil Company."

Source:How to Be a Billionaire : Proven Strategies From the Titans of Wealth

"John D. Rockefeller Sr., a veteran of many negotiations in the course of creating Standard Oil Company, threw his counterparts off guard by speaking as little as necessary. He made it easier for independent refiners to sell out by not always driving for the lowest possible price, but he gen¬ erally bargained from a position of strength. They knew that if they did not sell, Standard Oil could use its power with crude oil producers and the railroads to prevent them from making a profit."

Source:How to Be a Billionaire : Proven Strategies From the Titans of Wealth

Appears In Volumes

How to Be a Billionaire : Proven Strategies From the Titans of Wealth