2. John D. Rockfeller: Owning an Industry

[00:00] - Intro

[00:45] - Standard Oil Trust

[06:00] - Transportation & Logistics

[19:10] - Give us a 5-star Review!

[20:00] - Rockefeller and his business practices

[25:15] - Competition and Anti-trust lingers

[32:00] - Contrast Amazon with Standard Oil

[36:00] - Final discussion and takeaways

[41:00] - Post-roll

*Identify a need and streamline the logistics

*Betterment of an industry as a whole through consolidation has draw backs

*Start with something you understand and can perfect, then invest in new markets can yeild success

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Twitter: @pmindspod

Next time Rob and I discuss the business workings of Standard Oil and the looming Anti-trust suit that eventually led to the break up of the world's largest company at the time.