This chapter is called "The Three Lessons of Joe Flom." Flom grew up during the Depression. His parents lived through WWI, depression, and WWII. He was born at the right time and avoided all the bad times. Joe Flom's first lesson is "Lesson Number One: The Importance of Being Jewish." At that time, all the firms were clean cut. The jewish firms were the lawyers who did the dirty deeds. They were used to sue and take over companies. The Jews made good money. The second lesson was "Lesson Number Two: Demographic Luck." He was the oldest. According to studies, the oldest child is usually an overachiever. Also, at the time of his birth, the number of births were lower that usual. The next lesson is "Lesson Number Three: The Garment Industry and Meaningful Work." His parent were hardworking and poor. But, they made their own business. According to studies, garment makers have lawyers and doctors as babies. Joe Flom had many things that led to his success.
I'm starting to dislike this book. It makes the future more and more hopeless.
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