Randy Jones | January 31, 2010
For most of my career, I have dealt with the rich. I’ve created publications for, written books about, and penned countless articles for magazines about the rich and powerful. I have written The Richest Man in Town where I interviewed the richest man or woman in town in 100 American cities to determine the shared [...]
Randy Jones | December 16, 2009
Fear is a useful thing. In an article in the New York Times Magazine a couple of months ago, Robin Marantz Henig described current research exploring the complex links between temperament and the brain. It was a fascinating article, but what struck me is that the more we learn about the psychology of fear, it seems like we become less able to predict how it will affect any given individual.
Randy Jones | November 4, 2009
As you have read in previous posts, RMITs are not believers in long-term planning. America’s big successes got where they are by incremental improvement and strong, careful execution, but they didn’t get there by deciding at the outset how they would hit a $2.5 million profit target or achieve a 72 percent market share. They followed their perfect pitch, always moving forward while remaining flexible enough to adapt to change and to take advantage of opportunities. As Dan Duncan, Houston’s RMIT, told me, “Daily incremental improvement is the surest path to great success and a great fortune.” As I found out as I was researching The Richest Man in Town, however, for all that they cautioned against too much goal-setting, many RMITs have a secret.
Randy Jones | October 21, 2009
It’s all too easy for budding entrepreneurs to be seduced by a sexy idea or industry. The prospect of becoming a real estate mogul or Wall Street pasha conjures up visions of money and power that are hard to resist, but as I found out in researching The Richest Man in Town, more often than not it’s not the big, goldplated idea that turns out to be a winner.