3min chapter

Founders cover image

#63 The King of Oil: The Secret Lives of Marc Rich

Founders

CHAPTER

Mark Rich's Management Philosophy

The spot market brought with it an increase in productivity that helped to turn the entire industry inside out. Oil was now precisely what Rich had predicted only a few years before. Tankers and refineries, the fixed costs, could be used more efficiently thanks to independent oil traders like Mark Rich. Buyers for any possible surpluses could be found much more quickly and supply gaps were easier to fill.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode