Name Product: Dan Pena Your First 100 Million
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The Price of Fear the Reward of Courage
As this book goes to press, the financial world is free falling through the worst economic crisis since the Great Depression. Men of wealth and presumed integrity in the financial world have committed treachery on a scale of uncounted billions of dollars, affecting millions of ordinary people around the globe.
Bernie Madoff is the most despicable of these pirates in pinstripe, committing fraud of some $50 billion, deceiving even his closest associates and oldest friends. By March 2009, Bernie was in custody while lawyers bickered over the bones of his frozen assets, and he awaited his turn to plead guilty in court. So what? say his victims. Our life savings have vanished.
We cannot change the past, only recover from it. And perhaps learn its cruel lessons. The first lesson is this: the paralysis of fear can cost dearly; while the rewards of determined courage are incalculable.
In the meantime, concealed amid the carnage of financial ruin, are some stocks that dare to offer the prospect of profit. B2C, our own investing group, for example, is engaged more in contravesting than investing looking for stocks anywhere in the world that are undervalued, mostly paying dividends. We think this period of bear market is an excellent opportunity to reach boldly for the bargains that are out there.
Our advice, as you seek to venture into the heady whitewaters of business acquisition, dream team building and Quantum Leap expansion, is to take courage. Grasp chaos. Force change. And follow the methodologies youre about to read. One day, sooner than you could have imagined, the financial nightmare of the first decade of this millennium will be a harsh but fading memory.
And youll have survived to be the super success you knew you could be.
D e d i c a t i o n
In the book youre about to read, I talk about the importance of mentors as a Quantum Leap to wisdom. Years ago, as a young hot shot in the corporate world, I learned the secrets of super success from three gentlemen who mentored me at critical times in my life.
Constantine Costa Gratsos had made his fortune as a lifelong associate of shipping icon Aristotle Onassis. He took a liking to me, became my first mentor, and showed me how to swim in the deep, dangerous waters of business.
Jim Newman, the business visionary who created the term comfort zone showed me how to expand my horizons. Thanks to Jim, after I attended one of his PACE Seminars in 1978, I moved out of my comfort zone at Bear Stearns and became a super successful oilman.
Jerry Ormand was already a legendary Texas oilman when I met him. Yet he took the time to introduce me to the fine points of the oil business, and how to survive and prosper amid the chaos of a rough-and-tumble industry.
Jerry Jim Costa this book is gratefully dedicated to you