What I learned by from reading The King of Oil: The Secret Lives of Marc Rich by Daniel Ammann.
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The spot market for oil was one of the most lucrative ideas of the twentieth century. [0:01]
the historical events intertwined with the career of Marc Rich [5:15]
how his family escapes the Nazi's [12:00]
his first jobs + learning from his father + finding his vocation [14:30]
learning the commodities business from A to Z [20:00]
his work environment was training for entrepreneurship + how he thought about the opportunity in oil [30:30]
Marc gets screwed on pay so he starts his own company [35:00]
why Marc chose Switzerland as the headquarters of Marc Rich + Co. [37:00]
why the invention of the spot market was important [43:00]
why Marc Rich thought he was exempt from Jimmy Carter's executive order [46:15]
the state of his business in 1990 [1:01:00]
how to lose $172,000,000 [1:14:00]
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