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Founders

#113 A.G. Gaston (Black Titan and the Making of a Black American Millionaire)

Founders

David Senra

History, Entrepreneurship, Business, Technology

4.82.4K Ratings

🗓️ 5 March 2020

⏱️ 76 minutes

🧾️ Download transcript

Summary

What I learned from reading Black Titan: A.G. Gaston and the Making of a Black American Millionaire by Carol Jenkins and Elizabeth Gardner Hines ---- The grandson of slaves, born into poverty in 1892 in the Deep South, A. G. Gaston died more than a century later with a fortune worth well over $130 million [0:01] A 10 year old’s first business idea [5:35]  A.G. finds a blueprint to follow: A.B. Loveman [9:00] The remarkable story of Carrie Tuggle and The Tuggle Institute [12:10] The influence of Booker T. Washington [13:35] The power of positive examples [15:27] Joining the army for discipline and opportunity / Lessons from World War I [18:32] Keep your eyes open. Study the people around you. How do they live? What makes them tick? What do they need? [25:05] A. G. Gaston was relentless [27:20] The parallels between Andrew Carnegie and A. G. Gaston [30:26] Exhausted, depressed, and hopeless right before his big breakthrough [33:38] And thus these poor devils keep themselves always under — Benjamin Franklin  / Both Benjamin Franklin and A. G. Gaston valued industry and frugality [38:00] A fundamental change in philosophy for a young entrepreneur [44:30] A.G. starts a funeral insurance company / Inspiration from the life of Booker T. Washington [46:40] CAP YOUR DOWNSIDE! [51:41] Personality: Focus on only on what you can control and have a bias for action [54:00] A.G. starts The Booker T. Washington Business College to help train potential employees [56:00] A.G’s singular focus is on mastering his craft [57:50] ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here.  ---- “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. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

Transcript

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0:00.0

All the way back in 2019 I received a message that changed the direction of this podcast forever.

0:04.6

It was from Tristan who is one of the co-founders of Reed Wise.

0:08.0

He said, hey, I love the podcast and he told me about the Reed Wise product.

0:12.4

I responded, thanks Tristan, love the idea behind Reed Wise. and he told me about the Reed-Wise product.

0:12.5

I responded, thanks Tristan, love the idea behind Reed-Wise,

0:15.2

I will definitely check it out.

0:16.3

I had no idea that I would become a super user of his product.

0:20.8

And so over the years, I've added my highlights and notes for over 300

0:23.7

books I have over 20,000 highlights and notes for the books that I read for the

0:28.3

podcast and because I can search every single thing I've ever done I use ReedWise every day. I never

0:36.1

close the browser tab. The tab on ReedWise is always open because as I'm

0:40.5

reading, as I'm thinking, as I'm researching researching I'm constantly going in

0:44.7

and re-reading all my notes and highlights.

0:47.3

And you might already know this because every other podcast I go on I talk about

0:49.5

Reedwise, I tweet about it, I post about it

0:51.6

constantly, I've been saying for years it is the best

0:53.9

app that I pay for. And because I go around shouting about how great it is from the mountaintops,

0:58.8

I get a bunch of messages. Nearly every day people have asked me, hey is there a possibility that I can actually get access to your readwise?

1:05.6

And this happened so much for so long. And I thought it was like a superpower of mine.

1:09.3

So I was like, no, no, no, no. And then I started thinking, it was like, well, why is everybody

1:12.3

want this? Like like why do they keep

1:13.7

asking for this and I thought about it's like well if you think about this is like has anybody else in the world

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