Quote:
Originally Posted by Shap
I know what you mean. The overspending helps you and I. We can sit back and then jump all over the juicy opportunities they leave behind for us  |
Carlos Slim turned that concept into top spot as world's wealthiest man for a while these past years. And as a MEXICAN!
Basically when the country endured a horrible recession, his scrimping and saving had left him in a great cash position. He was able to buy some of the biggest companies in firesales, and then grew them.
People joke that you can be sitting in his restaurant, in his mall, watching TV through his cable company, talking on a cellphone on his network... It goes on.