Show Notes

[00:00:01] - The spot market for oil was one of the most lucrative ideas of the twentieth century.

[00:05:15] - The historical events intertwined with the career of Marc Rich

[00:12:00] - How his family escapes the Nazi's

[00:14:30] - His first jobs + learning from his father + finding his vocation

[00:20:00] - Learning the commodities business from A to Z

[00:30:30] - His work environment was training for entrepreneurship + how he thought about the opportunity in oil

[00:35:00] - Marc gets screwed on pay so he starts his own company

[00:37:00] - Why Marc chose Switzerland as the headquarters of Marc Rich + Co.

[00:43:00] - Why the invention of the spot market was important

[00:46:15] - Why Marc Rich thought he was exempt from Jimmy Carter's executive order

[01:01:00] - The state of his business in 1990

[01:14:00] - How to lose $172,000,000

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