Take entrepreneurship—not as a job title, but as the fundamental posture of business itself. The Austrian economists, particularly Israel Kirzner, recognized that entrepreneurship is essentially the act of recognizing value where others haven't seen it yet. This "entrepreneurial alertness" is less a calculated search and more an aesthetic

I talked to one of the guys at Salomon Smith Barney and asked if he thought us doing an offering would be OK even though it had only been three weeks since 9/11. I also told him why I thought this was a good time to grow. He told me no one was doing offerings at this time. Wall Street had pretty much shut down since 9/11, and although there were pe

Ajay found an investment company run by an amazing entrepreneur who builds, invests, and manages high-end senior living facilities. He started with nothing and has built it into a $3 billion enterprise. He finds the sites, puts up as much as half the money himself, and then rounds up a small group of investors to put up the rest.