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RutledgeAvenue (38.91)

Money and "Happyness"

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June 17, 2008 – Comments (6)

Chris Gardner's book, The Pursuit of Happyness, yields insight into the intellectual and intuitive skills needed to make money with money.  It's a quick read, if read to cull the steps which led from homelessness in San Francisco to riches on Wall Street; however, it will be difficult to avoid getting pulled into the profoundly intimate first person narrative details.  The bottom line is that Gardner was motivated by what he didn't know, and he differentiated himself from all the wannabees by his awareness of what he didn't know, and his choices to not percieve lack-of-knowledge as inpenetrable barriers to success.  He didn't need an MBA, but he did need heart.

6 Comments – Post Your Own

#1) On June 17, 2008 at 9:29 AM, joeykid13 wrote:

I think in many respects, education limits a persons unique and intuitive ability to create freely, without prejudice or predisposition to the ideas of other people.  Dave Thomas (Wendy"s) and Harland Sanders (KFC) are two examples, who are my personal heros.  Dave had a fourth grade education, and actually got his GED from Coral Springs HS, sometime in the 90's I think.  Harland, was all heart.  I saw an interview with his daughter where she affectionately said, (*indirect quote)  "Mother always had to watch Daddy's check book to make sure there was enough money at the end of the year to pay the taxes."  One one single day, Harland gave out 900 college scholarships...just one example of his supreme generosity.  It is no surprise that Dave was, of course...the understudy of the Colonel.  The Dave Thomas Foundation for Adoption, being just one example of his supreme legacy.  Nobody is gonna remember the CEO's of today when they die, but Dave Thomas and Harland Sanders will live forever.  I met Karl Karcher (KKE, Carl's Jr, Hardees, etc.), many years ago, and he relayed a story about the first time he met the Colonel.  When they met, Sanders said, "So you're the burger guy from out west", and Karl replied..."And you're the chicken guy from around the world", and of course The Colonel relished the rebuke.  Karl is another one of those guys that will be remembered for taking a passionate position, keeping it, and funding it.  A devout Catholic, Karcher relayed how he had recently had a private audience with Pope John Paul II, and...that had been the highlight of his life.  I think that has always impressed me, how in a life that had been filled with resplendent success and wealth, it was a singular personal meeting which created the eclipse.  Thank you Rutledge for posting this...I couldn't think of a better way to start my day...Joey 

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#2) On June 17, 2008 at 9:43 AM, joeykid13 wrote:

minor corrections...CKE restaurants, Inc ticker symbol (CKR), and Carl spells his name with a "C"...my apologies.

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#3) On June 17, 2008 at 11:37 AM, TLStockPicks (90.27) wrote:

Joeykid13, i posted a reply to your characterization of education being limiting on my blog.  I'd hate to torpedo you without you knowing (lol) so I invite you to take a read and respond:

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=62312&t=01008107200910675910

Rutledge, I never read the book but got the gist of it with minimal effort by watching the movie.  I wonder how true it stayed to the book... and I wonder how true the book stayed to real life.

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#4) On June 17, 2008 at 12:10 PM, joeykid13 wrote:

Bully!, I love a challenge.  As a general rule, I usually refuse to do battle with an unarmed opponent, but in your case I will make a rare exception ;)

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#5) On June 17, 2008 at 12:17 PM, RutledgeAvenue (38.91) wrote:

I haven't seen the film, so I cannot comment regarding compliance with the book's details.  As to the veracity of the textual details, I'm biased to the author's credibility, given the embarrassing graphic details and the evident tenacity of the man.  Thanks for the posts, Joey and TL, both insightful.

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#6) On June 17, 2008 at 1:39 PM, joeykid13 wrote:

I am very good friends with the screen writers cousin...I am not sure about the original work.

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