Transcript
Introduction
Daniel Ek, the founder of Spotify, was kind enough to invite me to come to Sweden. And since I was going to go to Sweden, I figured I'd want to read and learn more about the most powerful family in Sweden. It's the Wallenberg family. It's actually a 170-year-old family dynasty.
The book that I want to talk to you about today is called "Furthering a Fortune: Marcus Wallenberg, Swedish Banker and Industrialist" and it was written by Ulf Olsson. So Marcus Wallenberg Jr. was known as MW. That's how I'm going to refer to him throughout the entire conversation that you and I are going to have.
I do want to jump right into his life. I think there are a few things I should give you as background about the Wallenberg family because he's the third generation, and there are just a couple of ideas that I think were laid as the foundation very early in the days of the family dynasty that Marcus definitely built upon. Although as you see, he was fine with the responsibility of continuing the tradition and expanding the dynasty, he was much more of an innovator than an administrator.