Business Capital

Summary of How to be a Capitalist Without Any Capital. Nathan Latka's How to be a Capitalist Without Any Capital is thought-provoking in every sense of the word. This college dropout puts forth his ideas on the rules he broke to go from a 19-year-old with $119 in the bank to having a company valued at over $10.5 million. His philosophy is that following conventional wisdom will not get you to the top. You don’t need to be exceptionally brilliant, you just need to know which rules to break to join the new rich.

Wouldn't it be great if we all could achieve the success of the ultra-wealthy? We all could, but we need to learn the basics of not budgeting but cash flow. The wealthy treat their lives like a business. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you. The wealthy use things like profit and loss statements and balance sheets. Therefore, this book is dedicated to cash flow and creating a simple yet easy formula for you to set up your budget.

At a time when Warren Buffet has again emerged as the defining sage and darling of Wall Street, this fascinating book explodes the myths that surround the man from Omaha and brings new insights into his remarkable successes ¿ as a manager, an allocator of capital, and a role model for financial managers, investors, and business executives around the world. Many best-selling books have tried to unlock Buffett's secrets by analysing his genius as a stock picker. But they missed the point.