What I learned by from reading The King of Oil: The Secret Lives of Marc Rich by Daniel Ammann.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]—“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast