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June 13, 2008

'Somewhere in the invisible heart of all self-made wealthy men and women is a sliver of razored ice' — Felix Dennis

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Edward Kosner's June 11, 2008 Wall Street Journal review of Dennis's new book, "How To Get Rich," is worth a read.

Long story short: Dennis is an English high school dropout who parlayed a 1960s hippie magazine called Oz into a publishing empire — becoming fabulously wealthy in the process — on the likes of lad mags like Maxim.

    From the book and review:


    The chances of anyone reading it and then becoming rich are minuscule.


    Somewhere in the invisible heart of all self-made wealthy men and women is a sliver of razored ice.


    If you never have a great idea in your life, but become skilled in executing the great ideas of others, you can succeed beyond your wildest dreams.


    It's good to panic in a crisis because it focuses the mind on what has to be done.


    No deal is a must-do deal.


    Never part with even a share of a business you founded.


    Never delegate authority to people just like you — find a complementary brain instead.


    Never loan money to friends — make it a gift.


    Never trust a senior accountant who won't take a vacation (because he is afraid that his thievery will be uncovered while he is away from the office).

....................

FunFact: Back in 1971 the then-24-year-old Dennis and two of his fellow Oz magazine editors were sentenced to prison in London, but Dennis was given a lighter sentence than his confederates because the judge deemed him "very much less intelligent than the other two" and thus less responsible.

Seems worth the $19.07 Amazon's asking for it — put me down for a copy.

June 13, 2008 at 04:01 PM | Permalink


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Comments

"Never loan money to friends -- make it a gift."

Absolutely. Words to live by.
I heard Bill Cosby give out with and expand upon the same idea several years ago -- loan someone money, and every time they see you, they hide, even if you never mention the loan. They're thinking, "That SOB, he just can't stop holding it over my head that I owe him five large." Then pretty soon they HATE you. You never get paid back anyway and you've lost a friend. So you either say no -- flat out -- or you give it as a gift, free and clear. You avoid all the drama and keep your friend.

(I'd add this: don't do it twice. You don't want to start a trend.)

Posted by: Flautist | Jun 13, 2008 4:38:24 PM

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