Normally at night when I channel surf when from one network to another till I settle on VH1 or something else which I find interesting the other night I was channel surfing and I landed up on the History channel and the one show that I love there is the Biographies well that night they were showing the biography of one Mr John Pierpont Morgan the only reason I stuck to watching the entire show was the fact that I had heard about Morgan Stanley and I knew that the Morgan in J. P. Morgan was somehow connected to that and since it is financial I thought I will find something interesting and interesting indeed it was.
The fascinating part was how he built the 1st ever billion dollar company in the world by acquiring small steel companies and some big ones like Carnegie steel and then combining them to form the United States Steel Corporation In this deal what I found fascinating was the fact that when Mr Morgan went to meet the owner of Carnegie steel Mr Andrew Carnegie he was given on a piece of paper the sum that Mr Carnegie wanted for his firm on the piece of paper was the written the sum $480 Million and to this Mr Morgan said Done and that was it no due diligence, no evaluation, no lawyers, no power brokers that is plain old you tell me the price and I say yes or no the risk taking and the appetite of the Wild Wild West is not there in biz anymore just see the media circus around the Tata-Corrus deal and the arcelor-mittal deal the evaluations, market speculations etc etc where as the the biz deal between Mr Morgan and Mr Carnegie was between a buyer and a seller but in the modern world I guess this old fashion ways wont probably work. But then again Mr Morgan had another famous saying "If you have to ask the price, you can’t afford it" with this attitude I guess he tackled the biz world too.
For anyone who wants to someday build a billion dollar enterprise Mr Morgan is the perfect role model during the rough days the sort of person who could twist the govt to their benefit and also predict the movement of the markets and also place wise bets over what will be successful.
To know a bit about this amazing biz figure check out (this) but this has just the minimum the other details which were shown in the history channels episode of biography are not there like what is corsair pact etc
The people who inspire me from the biz world are Bill Gates, Steve Job, Richard Branson and now Mr J. P. Morgan there will surely be more and more people added to this list as I explore the vast jungle of corporate biographies of people who build empires with vision and hard work and how it all began with a small dream and a small startup.