
About this episode
Randy Gage discusses his new book and the concept of the 'Magnitude of Scale Effect' in wealth creation.
SHOW NOTES: The following guest column by Randy Gage is an excerpt from his new book, Wealth Without Apology, which is being released this week, and which will be the subject of my conversation with him on my podcast this Thursday: Alan Weiss's The uncomfortable Truth Magnitude of Scale: Why Thinking Bigger Pays Better I’m currently conducting a comprehensive, groundbreaking, rigorous, cross-sectional, peer-reviewed, gold-standard, double-blind, placebo-controlled, first-of-its-kind, breakthrough, scientific research study. The purpose of the study is to test the following hypothesis: In today’s environment, it is easier to become a billionaire than a millionaire. This premise may not be as cheeky as it sounds. As I told you earlier, it’s surprisingly easier to earn a large amount of money quickly than it is to earn a small amount of money over a longer period. This is due in large part to a dynamic I call the “Magnitude of Scale Effect.” Put simply… The more bold, audacious, and breathtaking an endeavor is—the greater the likelihood it will attract the people and resources necessary to bring it into existence. Think about this: Airbnb went from two guys renting air mattresses to…
People in this episode
Host: Alan Weiss
Guest: Randy Gage
Topics covered
- wealth
- entrepreneurship
- business strategy
- billionaires
- millionaires
- scale effect
Keywords
- wealth
- billionaire
- millionaire
- Magnitude of Scale Effect
- entrepreneurship
- business
Mentioned in this episode
Organizations: Airbnb
Books & works: Wealth Without Apology
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