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#96 James J. Hill (Empire Builder of the Northwest)
Founders
Bet Heavily on Your Edge in Life
Understanding the importance of land grants in the railroad industry is crucial. The government grants land as a means to enable works or as a reward for services. By obtaining land grants, the railroad could operate in the national interest, creating a national railroad system for transporting people, goods, and crops. Being obsessed with identifying and utilizing your edge in life is highlighted as a key lesson from Warren Buffett, emphasizing the importance of heavily investing in your strengths.
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