Good Bad Billionaire Michael Bloomberg: Market master
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Dec 12, 2023 Former mayor of New York City, Michael Bloomberg, discusses his journey from being fired on Wall Street to becoming a billionaire. The podcast explores his contradictory personality, the influence of the Bloomberg terminal, allegations of harassment and discrimination against him, his mayoral race, and his failed presidential campaign.
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Bloomberg's Unconventional College Days
- Michael Bloomberg switched his degree from physics to engineering to avoid learning German.
- He became the first Jewish member of Phi Kappa Psi fraternity and hired a cook and cleaner.
Early Business Acumen
- In a Harvard Business School case study, Bloomberg suggested centralizing carpet company shipments before FedEx existed.
- Initially ridiculed, his idea was later vindicated by the company’s real-world adoption.
Humble Beginnings on Wall Street
- Bloomberg started at Solomon Brothers, hand-counting stock certificates in a hot, smoky basement.
- He described the environment as a "benevolent dictatorship" under Billy Solomon.