The world's greatest get rich bible

Chapter 42 The Greatest Secret to Getting Rich Is in the Ordinary 2
Volume 5 Chapter 2 The Greatest Secret to Getting Rich Is in the Ordinary [-]
Owning information is equal to owning wealth
Even if it's the wind, you can tell where it's coming from by smelling it.

--"Talmud"

Relying on information to obtain wealth is an indispensable magic weapon for a businessman. If there is no information, the businessman will become blind and will struggle even in the face of the road extending in all directions.

Jewish businessmen believe that information is decisive for the success or failure of business, so they started to use the information they have to make money very early.In the Jewish language (Hebrew), the meaning of information is often the same as "business activities".Perhaps inspired by this revelation, the Jewish tycoons took the message above all else.

Philip Yamer, the owner of Yamer Meat Processing Company in the United States, is used to reading newspapers every day. Although the business is busy, when he arrives at the office every morning, he will read various newspapers and periodicals sent to him by his secretary.

One morning in the early spring of 1875, he was still flipping through the newspaper as carefully as usual, and a piece of news of less than a hundred words firmly attracted his eyes: there was a suspected plague in Mexico.

Amerton's eyes lit up: If a plague occurs in Mexico, it will soon spread to California and Texas, and the livestock industry in California and Texas is the main supply base of North American meat. Once a plague occurs here, the national meat The supply of meat will be tense immediately, and the price of meat will definitely soar.

He immediately sent people to Mexico to investigate on the spot.A few days later, investigators confirmed the accuracy of the news.

Yamer immediately concentrated a large amount of funds to acquire beef cattle and live pigs in California and Texas, and transported them to the east far away from California and Texas for breeding.Two or three weeks later, the plague spread from Mexico to several states in the western part of the Federation.The federal government immediately ordered a strict ban on the export of food from these states. The North American market was short of meat and the price skyrocketed.

Yamer promptly sold the beef cattle and hogs hoarded in the east at high prices.In just three months, he netted $900 million (equivalent to $1.3 million in today's dollars).This piece of information made him a huge profit.

Information is the decisive force of this era, it is like the air, everywhere, newspapers, magazines, radio, TV news contains a lot of information, even the streets and alleys have information.Therefore, those who have information in a timely manner are equal to having wealth.

Many operators lack information awareness, do not do market research, and produce blindly based on subjective wishes, or integrate ancestral businesses, produce traditional commodities, or imitate or imitate other people's commodities.Although some operators value information, they are slow to respond to the information they get and miss good opportunities, or make wrong decisions because of wrong information.

Information is all over the world, looking for interested people, and collecting information must be targeted.No matter what business you do, looking for information is nothing more than these points: the overall market situation of related investment projects, the situation of the project you want to invest in, the latest news about the investment project in newspapers, websites and TV, and the experience of successful people As well as suggestions, lessons learned from other people's investment failures and how to prevent them, always pay attention to the timing of your own investment.

In short, you have to develop your various senses, use your bright eyes to see, and your keen ears to hear.Gather all kinds of useful information, and then refine and summarize it for your own use.Only in this way can you become not only a collector of information, but also a converter of wealth.

(End of this chapter)