Founders
Episode 113 #113 A.G. Gaston (Black Titan and the Making of a Black American Millionaire)
Founders

Episode 113: #113 A.G. Gaston (Black Titan and the Making of a Black American Millionaire)

Founders

Episode 113

#113 A.G. Gaston (Black Titan and the Making of a Black American Millionaire)

David Senra is the host of Founders, where he studies history's greatest entrepreneurs. This is what he learned from reading Black Titan: A.G. Gaston and the Making of a Black American Millionaire by Carol Jenkins and Elizabeth Gardner Hines.

What I learned from reading Black Titan: A.G. Gaston and the Making of a Black American Millionaire by Carol Jenkins and Elizabeth Gardner Hines

----

Come see a live show with me and Patrick O'Shaughnessy from Invest Like The Best on October 19th in New York City. 

Get your tickets here

----

Subscribe to listen to Founders Premium — Subscribers can listen to Ask Me Anything (AMA) episodes and every bonus episode. 

---

The grandson of slaves, born into poverty in 1892 in the Deep South, A. G. Gaston died more than a century later with a fortune worth well over $130 million [0:01]

A 10 year old’s first business idea [5:35] 

A.G. finds a blueprint to follow: A.B. Loveman [9:00]

The remarkable story of Carrie Tuggle and The Tuggle Institute [12:10]

The influence of Booker T. Washington [13:35]

The power of positive examples [15:27]

Joining the army for discipline and opportunity / Lessons from World War I [18:32]

Keep your eyes open. Study the people around you. How do they live? What makes them tick? What do they need? [25:05]

A. G. Gaston was relentless [27:20]

The parallels between Andrew Carnegie and A. G. Gaston [30:26]

Exhausted, depressed, and hopeless right before his big breakthrough [33:38]

And thus these poor devils keep themselves always underBenjamin Franklin  / Both Benjamin Franklin and A. G. Gaston valued industry and frugality [38:00]

A fundamental change in philosophy for a young entrepreneur [44:30]

A.G. starts a funeral insurance company / Inspiration from the life of Booker T. Washington [46:40]

CAP YOUR DOWNSIDE! [51:41]

Personality: Focus on only on what you can control and have a bias for action [54:00]

A.G. starts The Booker T. Washington Business College to help train potential employees [56:00]

A.G’s singular focus is on mastering his craft [57:50]

I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth

Be like Gareth. Buy a book: All the books featured on Founders Podcast

#113 A.G. Gaston (Black Titan and the Making of a Black American Millionaire)

Introduction

"Pick any sweltering day in the year 1919. On the outskirts of Birmingham, Alabama, in a small mining village, hundreds of black men are at work, side by side. Some of the men are convicts, some are war veterans. One of these men is on the verge of taking his first step in the direction of becoming a bona fide millionaire, 100 times over. A.G. Gaston started with next to nothing. His mother was a cook in the kitchen of a prominent white family. He never had more than a 10th grade education.

After the war, he had taken his position in the mines as a means of survival only to emerge utterly determined that his life was worth more than what the mines were offering. That determination was a kind of miracle given the context in which Gaston had been raised. And that miracle is the foundation of the story that you're about to hear."

All right. So that comes from the book that I'm going to talk to you about today, which is Black Titan: A. G. Gaston and the Making of a Black American Millionaire and it's written by Carol Jenkins and Elizabeth Gardner Hines.

Access the full transcript
Sign in or register to view episode transcripts.

Contact

Get in touch at help@joincollossus.com