Showing results by narrator "Ron Baron" in All Categories

What do the most successful investors have in common? David M. Rubenstein, cofounder of one of the world’s largest investment firms, has spent years interviewing the greatest investors in the world to discover the time-tested principles, hard-earned wisdom, and indispensable tools that guide their practice. Rubenstein, who has spent more than three decades in the hypercompetitive world of private equity, now distills everything he’s learned about the art and craft of investing, from venture capital, real estate, private equity, hedge funds, to crypto, endowments, SPACs, ESG, and more.

Here's a biographical profile of Henry J. Kaiser, a great industrialist and philanthropist who had a profound impact on America's ability to prevail in World War II. People tend to regard the great American titans of the past as robber barons, men who made their fortunes off the backs of the oppressed, flaunting laws and living like nabobs while others had to scratch for a living.

Elon Musk is the man behind PayPal, SpaceX, Tesla, and SolarCity, multi-billion dollar companies he founded. Although he is now a multi-billionaire, his objective has never been to amass great wealth, but to save humanity. Writing in the Smithsonian, Carl Hoffman noted: "He does not laugh or crack a smile when he says this. There is no hint of irony."

Kelly Johnson designed the Blackbird, a plane that flew non-stop from London to Los Angeles in less than four hours, outracing the sun and landing four hours before it had taken off, a remarkable feat - and this was more than 35 years ago. Johnson was the innovative genius behind Lockheed's "Skunk Works", and played a leading role in the development of more than forty aircraft, including some of America's most sophisticated planes such as the Constellation, Shooting Star, F-104, U-2, and the SR-71 Blackbird.

Here's a biographical profile of Ransom E. Olds, regarded as the first of the great American automobile pioneers. He not only sold the first car manufactured in America, his company was the first of the great automobile enterprises, a model and training ground for the Dodge brothers, Henry Ford, Henry Leland (founder of Cadillac and Lincoln), and other automotive trailblazers.

Biographical profile of Walter Elias Disney, the man who built an empire on the back of a mouse. Imbued with an iron-like drive to succeed, Disney pushed, prodded, and pressed those around him, as he did himself, to succeed. He was always on the edge of vision and technology. An unmitigated risk taker, Disney constantly flirted with financial ruin, seemingly bent on a mission to remain in debt while his brother Roy's ambition was to harness Walt's financial excesses.

Several prominent brother teams pioneered the American automobile industry: Horace and John Dodge, Charles and Frank Duryea, Francis and Freelan Stanley, five Studebaker brothers and James and William Packard. However, the seven burly Fisher brothers were not only the most numerous of all the families, each one extensively involved in developing the famous "Body by Fisher" brand and subsequently General Motors, they were also among the most successful of the automobile titans.

Here's a biographical profile of John and Horace Dodge, the fabulously wealthy Detroit automobile pioneers who reveled in yachts, estates and producing great cars. Unfortunately, John and Horace's lifestyles were unacceptable to the social elite in Detroit; they regarded the brothers as uncultured, crude and boorish. And they probably were, but it bothered the brothers not at all.

Biographical profile of Roy Chapin, the automobile pioneer who gave us many memorable cars including the Hudson Hornet, featured in the 2006 Disney-Pixar animated film Cars as Doc Hudson, a 1951 model (voice of Paul Newman). Chapin's success in the automobile world overshadowed his appointment as chairman of the Highway Transport Committee during World War I and as Secretary of Commerce under President Hoover.

Here's a biographical profile of Charles and J. Frank Duryea, two visionaries who were among the first to recognize the potential of the automobile. In 1892 they built America's first gasoline-powered car and had it running successfully the following year.

Here's a biographical profile of the White brothers who built steamers and trucks and developed a reputation for unique marketing concepts. "The Fight of the Century" took place in 1910, pitting Jack Johnson, the first African American heavyweight boxing champion against Jim Jefferies who was white. The fight was shrouded with racial tension and gave rise to the term "Great White Hope," referring to the need to find a white man capable of defeating the black champion.

Henry Ford, an American folk hero to many, was a man with several faces. He was a genius who revolutionized the automobile industry, irrevocably altered American culture and commerce, developed mass production, and helped the middle class emerge in America. He was also an anti-Semitic autocrat who hated Wall Street, bankers and financiers with unmitigated passion.

Here's a biographical profile of Walter Chrysler, the pioneer automotive genius who established one of the iconic brands in American automobiles and was known as "Mr. Fix It," for his uncanny ability to fix sick automobile companies. The Chrysler Building is one of the most recognizable icons of New York City; the Chrysler name, a symbol of American automotive ingenuity, and the Chrysler story one of humble beginnings in the best American tradition.

Here's a biographical profile of Henry Leland, one of the less well-known American automobile pioneers, but who's cars are top named brands and his imprint on the development of the American automobile industry is with few parallels. If Leland had named his cars in his own image, like Ford, Chrysler, Dodge or Olds, he would be renowned - he founded Cadillac and Lincoln. When General Motors nearly went bankrupt in 1910, Leland's Cadillac division kept the company afloat.

Here's a biographical profile of Harvey Firestone, founder of Firestone Tire and Rubber Co. Once upon a time there were four friends who called themselves the Vagabonds. They took summer trips together, shared their thoughts, dreams and visions, and forever changed the world we live in. They were born into simple farming families but set their horizons well beyond their pastures. They were inventive and industrious, and they achieved extraordinary success.

Here's a biographical profile of Charles Goodyear, the man who gave the world one of its most useful products - vulcanized rubber. Natural rubber, the milky sap of rubber trees, is not a very practical commodity. It melts in hot weather or cracks and freezes in cold weather. In 1839, Charles Goodyear came across a process that made rubber so useful it changed the world we live in. A century later there were 122 rubber factories in Ohio.

Buick is one of the best known automobile brands today as it was more than a century ago. But unlike other automobile pioneers, Ford, Dodge, and Olds, who became rich and famous with their car companies, Buick prospered not at all from his namesake. Although Buick was a visionary and an outstanding engineer, he simply did not have all the tools to succeed, lacking management sense among other things.

Here's a biographical profile of Charles F. Kettering, a man who always sought solutions to great problems. A philosopher, engineer, master salesman, scientist and genius inventor, Kettering, Delco's founder and major shareholder of GM, gave us many things: electric automobile starters, electric headlights, Freon, automatic transmissions, incubators for premature babies, premium gasoline, car generators, electric cash registers, and much more.

Here's a biographical profile of Charles Howard who built the world's largest automobile dealer network. Howard owned the famous thoroughbred Seabiscuit, and the story of the scrappy horse is fascinating; but Howard's rise to power and wealth is just as captivating. Howard gained the Buick franchise for San Francisco in 1904 but couldn't sell the three cars. Then the Great Earthquake of 1906 struck and changed San Francisco and Howard's fortunes forever.

The great American automotive pioneers were entrepreneurial inventors and visionaries who changed the American landscape and brought us a new national culture. The dawn of the automobile ushered away the ubiquitous horse-drawn carriages and the rutted, dusty and wash-boarded dirt roads they traveled on, and replaced them with cars powered by steam, electricity and gasoline.