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#54 The Epic Life of Cornelius Vanderbilt
Founders
**This Buffett’s rule on ROICz and Rockefeller’s and Vanderbilt’s **
Iron self-control, frugality, and a keen eye on expenses were crucial to Vanderbilt's success. His ability to maintain a low cost structure allowed him to outlast competitors in times of desperation. Emphasizing the importance of frugality in managing and starting businesses is a key lesson that can lead to long-term success.
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