Summary of Wealth Secrets

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Wealth Secrets book summary

Rating

8 Overall

7 Applicability

7 Innovation

9 Style

Recommendation

Economic analyst Sam Wilkin’s guide to wealth is a tongue-in-cheek analysis of robber barons and monopolists – those he calls the “filthy rich.” His original title for the book was Wealth Secrets of the One Percent, which better captures his subversive tone. Wilkin brings a welcome, breezy style to a topic that can be as dry as the legalese in an antitrust lawsuit. He doesn’t write like an economist, and that’s a compliment. getAbstract recommends this engaging study to managers, investors and students looking for a clear-eyed take on the world’s most successful businesspeople.

In this summary, you will learn

  • Why competition is the enemy of vast wealth,
  • How Carlos Slim and Bill Gates used monopoly power to get rich, and
  • How to use the “seven secrets” of the very rich.
 

About the Author

Sam Wilkin, a senior adviser to Oxford Economics and Oxford Analytica, holds an MA in international relations from the University of Chicago.

 

Summary

The Ravages of Rivalry
Competition is the single biggest obstacle to pursuing great wealth. Competition is good for consumers but not for aspiring oligarchs. Having a commercial rivalry drives prices down and puts upward pressure on costs. Consider Circuit City, the electronics merchant...

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