Amancio Ortega Gaona – The Man Behind ZARA


wealthymattersThe youngest of four children, Ortega was born in Busdongo de Arbas, a hamlet of 60 people in northern Spain, in 1936, just as the Spanish Civil War was erupting. The family scraped by on his father’s railway job while his mother worked as a housemaid. When Amancio was a small boy, the family moved to La Coruña. wealthymattersThere, home was a row house that abutted the train tracks and that served, as it still does today, as the railway workers’ quarters. Amancio might have joined the rail service too, had it not been for one fateful evening when he was just 13. Walking home from his school, he and his mother stopped at a local store, where he stood by as his mother pleaded for credit. “He heard someone say, ‘Señora, I cannot give this to you. You have to pay for it,’He felt so humiliated, he decided he would never go back to school.

Barely in his teens, Ortega found a job as a shop hand for a local shirtmaker called Gala, which still sits on the same corner in downtown La Coruña. Today the store feels frozen in time: plaid shirts, fishermen’s caps, and woolen cardigans Gala’s owner, José Martínez, inherited the store from his father. He befriended young Amancio when they were both 14. The boys spent their afternoons folding shirts at Gala and riding bikes around town. Read more of this post

Guddubhai-Barefoot Capitalist


wealthymatters

The story of Guddubhai, aka Muhammad Rafiq Theim (44), is a textbook case of ‘barefoot capitalism’. The youngest of five sons of a small Bikaner oil miller, the man  known as the King of the Guar Trade and synonymous with daily average trade of 8,700 tonnes of guar seed and 1,800 tonnes of guar gum”, didn’t attend college, barely speaks English and started his business career with a tea stall. He failed, started an auto rickshaw repair shop, failed again. Getting into commodity trading in mid-1990s was a desperate career switch.

Guar was perhaps a natural first choice as a trader. Rajasthan, India’s biggest guar-producing state, has a long history of guar business. Guddubhai was good at understanding market moods.

Guddubhai’s big break came when NCDEX launched futures trading in guar in 2004, and the global demand for guar, especially from the hydrocarbon business, exploded. By 2007, a close circle of people knowledgeable in commodity trades had christened him, ‘The King of Guar’.  Read more of this post

Bill Gates On Expectations


“Expectations are a form of first-class truth: If people believe it, it’s true.” – Bill Gates

Bill Gates On His Work Ethic


wealthymattersI never took a day off in my twenties. Not one. And I’m still fanatical, but now I’m a little less fanatical.
Bill Gates

Hard Drive: Bill Gates And The Making Of The Microsoft Empire


wealthymattersThis is a biography of Bill Gates by James Wallace and Jim Erickson.It focuses on the early years of  Bill Gates and Microsoft.

I have just now finished the book and recommend it if you are interested in his early formative years in Lakeside,his early moneymaking attempts,his forming  a software company with Paul Allen during his Harvard days,his early tendency to just get a product out of the door etc, you might find the book useful.

The book also highlights Bill’s weaknesses such as his squeaky voice,dandruff,poor personal hygiene,poor people skills,a compulsive need to win no matter the cost and no matter the trivialness of the contest.etc

The book will also allow you to glimpse the drive and determination that made Microsoft what it is today and propelled Gates to the top of the Forbes List.With Bill business always came first and you will get to see the hard ball Bill played to make Microsoft numero-uno in software,

But be warned,the book is dated and stops with Windows 3.0.So read it for the focus on the eairly years.