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The Art of Alchemy
The Art of Alchemy
Exploring money, meaning, and the mystery of life in the millennial matrix.
Table of Contents
Deep Dives for Paid Subscribers
George Soros's Layers of Conviction
"That doesn’t make sense!" "What do you mean?" "Go for the jugular!"
The Milken Way
“The scarce resource in our society is not money but people.”
Barry Diller’s System, Part I: Diller’s Roots.
"You won’t be able to imagine the level of energy and commitment and the things you have to give up if you really want to do something like this."
Barry Diller’s System of Discovery, Debate, and Development. Part II.
“If you hire people at senior positions, you are a failure.”
Michael Bloomberg: Fintech’s People Person
“We never made the error that so many others have: mistaking their product for the device that delivers it.”
The Rise of Bernard Arnault
“In business the secret is to seize opportunities.”
Bernard Arnault: Empire Builder
"If you control your factories, you control your quality; if you control your distribution, you control your image."
Kirk Kerkorian: The Lessons of Leverage
“Life is a big craps game. I've got to tell you, it's all been fun.”
Kirk Kerkorian: Lessons of Leverage (Part II)
"Kerkorian makes these huge, stupid deals, and he always comes out richer."
Sumner Redstone: Winning Above All Else.
"My goal is to be number one. I would like to be number one in anything I did. I don't say I can be. I don't say I should be. I'm saying I would like to be."
David Geffen: Capitalizing on Talent
"I thought I'd be a success even back in the mailroom at William Morris. It was just inconceivable to me I couldn't win at all."
Marc Rich, Part I: Riches in Regime Change
“I trade wherever it is legal to trade."
Marc Rich, Part II: Profits over Politics
“The key to success - and to real wealth - is long-term thinking.”
The Crash of 1987: Julian Robertson’s Test of Conviction
“Probably none of us have ever lost so much money so fast in our lives.”
How Craig McCaw Pioneered the Wireless Age
"Some said I was a 'crackpot' (many still do)."
A Legacy Transformed: John Elkann’s Journey
“My life was always about being confronted with an environment where you had to adapt.”

The Art of Alchemy