Author Topic: Titan: The Life of John Rockefeller, Sr.  (Read 13919 times)

giofranchi

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #30 on: January 09, 2014, 11:46:06 PM »
What are some of his methods you liked? From what I've seen so far, he was a shady businessman that had a dual life (angel in giving and devil in business).  The books does talk about how it's important to have a good work ethic and thrift, which I can agree to.

Well, I think the quotes that make this thread say enough about Mr. Rockefeller’s methods and character traits. I would add two things though:

1) It is important to recognize, if ever there was a right man in the right place, it was Mr. Rockefeller: the oil industry simply became the biggest thing on earth during his lifetime… Therefore, imo a very substantial component of luck cannot be ruled out…

2) The importance of “cooperation” or, in the absence of cooperation, the importance of “consolidation” in an industry without great barriers to entry. I remember that also Mr. Buffett said something similar regarding insurance: actually, he spoke about “regulation”, which in the end is nothing but a sort of “forced cooperation”. ;)

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« Last Edit: January 10, 2014, 01:51:05 AM by giofranchi »
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wondering

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #31 on: January 25, 2014, 10:46:05 PM »
This book is probably my favourite business biography.  Excellent read.

CorpRaider

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #32 on: January 06, 2015, 12:36:38 PM »
Finally reading this one.  Pretty good so far.  Interesting that John Jr. wore handed down dresses from his older sisters until age 8 even though daddy already owned the largest refinery in america.  Also, all 4 (or maybe 5) kids shared one bicycle.

KCLarkin

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #33 on: January 06, 2015, 01:00:04 PM »
This book saved me from trying to catch the falling oil & gas knife. The history of oil & gas independents through boom and bust cycles was well worth the price of the book.

CorpRaider

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #34 on: January 15, 2015, 11:26:28 AM »
Yeah I am well into the book and the construction of the Standard (he's already the largest refiner and richest man in the U.S.) and he has yet to invest in any E&P ops.  He's building up via the downstream and midstream.  Crazy booms and busts in oil were going on.  One month they are running out, then someone hits a new well and prices drop by 75%.  One funny/interesting thing I didn't know is that "experts" were calling for peak oil from about the time of the first strike in PA.
« Last Edit: January 15, 2015, 11:30:13 AM by CorpRaider »

Morgan

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #35 on: March 05, 2015, 09:15:30 AM »
This was a great book. I just finished it a few days ago. I recommend it to anyone interested in business.

VersaillesinNY

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #36 on: May 07, 2018, 03:44:21 AM »
An interesting article and video on David Rockefeller 1915-2017 (Grandson of John Davison Rockefeller, Sr.)

http://www.christies.com/features/David-Rockefeller-and-the-art-of-giving-8963-3.aspx

Quote
I am convinced that material things can contribute a lot to making one's life pleasant, but, basically, if you do not have very good friends and relatives who matter to you, life will be really empty and sad and material things cease to be important. David Rockefeller

Jurgis

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #37 on: May 07, 2018, 10:46:19 AM »
Great article. Thanks for posting.
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rukawa

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #38 on: May 12, 2018, 08:57:52 AM »
What are some of his methods you liked? From what I've seen so far, he was a shady businessman that had a dual life (angel in giving and devil in business).  The books does talk about how it's important to have a good work ethic and thrift, which I can agree to.

I think that what Rockfeller did in business was a lot more socially beneficial to American society than Buffett. I also don't see how he was a shady businessman. I find it weird how the businessmen of the nineteenth century are considered these evil Robber Barrons when if you look at the era all you end up seeing is vast reductions in poverty, large improvements in living standards, low unemployment, rising salaries and lower costs across the board. 

On the other hand Buffett's great skill appears to be choosing companies that are able to increase prices repeatedly without losing market share.

Even today people have problems with guys like Bezos and Uber's former CEO but again these are the guys lowering prices and expanding service. Uber would have never gotten as far as it did if they were "nice"...they would have been complied with government laws and that would have been the end of that.
« Last Edit: May 12, 2018, 09:08:31 AM by rukawa »

rb

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Re: Titan: The Life of John Rockefeller, Sr.
« Reply #39 on: May 12, 2018, 12:12:31 PM »
Even today people have problems with guys like Bezos and Uber's former CEO but again these are the guys lowering prices and expanding service. Uber would have never gotten as far as it did if they were "nice"...they would have been complied with government laws and that would have been the end of that.
Yea, I have a problem with that. Did we really get to a place where it's ok not to comply with laws as long as you make money?