Thursday, September 20, 2007

Carlos Slim - Richest Man

Carlos Slim, of Mexico, see previous entry, Richest Men, has been promoted to the top spot as the richest man in the world. I continue to find it interesting. Here is one recent article about him. It talks about the conservative financial operations which he has instilled in his companies, borrowing very little, so that their level of business debt is amazingly low. Of their official operating principles, 'one tenet translates into English as follows: "Maintain austerity in prosperous times (in times when the cow is fat with milk); it accelerates corporate development and avoids the need for drastic change in times of crisis."' It also talks about how Mr. Slim has trained his sons to operate the businesses and presents a perspective of the less than positive side such as their operating and maintaining a monopoly. The article concludes with a quote by Carlos Sr, which I thought was insightful, "Many people want to leave a better world for their children," he told the crowd. "I'm trying to leave better children for my world."
It's not about the external arrangement of things, it is the internal character we build, in ourselves and others.

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