YouSaid · the spoken record
Ivar Kreuger
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- 2
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- 2024-05-07
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- 2024-05-07
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- 1
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- podcast
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“He meets this other guy named Julius Khan. Julius Khan is the inventor of this method for making iron called con iron. Khan introduces Ivar to another Swedish engineer named Paul Toll. And that is when Ivar leaves America, goes back and founds him and Paul Toll together form this company, this very legitimate and winds up being very profitable construction company called Kroger and Toll. And what he does next is rather genius because it's not like construction. Humans have been building things forever. That's like one of the most ancient industries. And yet the way that Ivar, young Ivar, figures out to gain entry in a foothold in an existing industry is fascinating. It is by realigning incentives. And if there is a, the main character of this story is Evar Kroger, right? The supporting character is the superpower of incentives. I almost started the podcast.”
2024-05-07 · Founders · #348 The Financial Genius Behind A Century of Wall Street Scandals: Ivar Kreuger · IDENTIFIED FROM THE TRANSCRIPT · source
“Ivar wrote to his parents, I cannot believe that I am intended to spend my life making money for second rate people. I shall bring American methods back home to Sweden, I shall bring American methods back home. Wait and see, I shall do great things. I am bursting with ideas. I am only wondering which to carry out first. So as he's”
2024-05-07 · Founders · #348 The Financial Genius Behind A Century of Wall Street Scandals: Ivar Kreuger · IDENTIFIED FROM THE TRANSCRIPT · source