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13A – Reading Reflection No. 1

Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, Ashlee Vance What surprised you the most? When Elon Musk was in the third or fourth grade, he had already read all the books in the school library and the neighborhood library. He even tried to convince the librarian to order more books. Because she didn’t, he decided to read the Encyclopaedia Britanni. He said, “That was so helpful. You don’t know what you don’t know. You realize there are all these things out there.” What about the entrepreneur did you most admire? At the age of 28 he already sold his first business and made $22 million dollars. Most millionaires would have called it quits, not Elon. He invested most of that into his new venture, a startup that would become PayPal. When he sold that and made $180 million, he again put all of his money into three startups. He put $100 million into SpaceX, $70 million into Tesla and $10 million in solar city. Essentially the fastest way to get rid of $180 millio...
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27A – Reading Reflection No. 3

27A – Reading Reflection No. 3 1. The most surprising thing I found out was how Steve Jobs picked the name, Apple. I assumed he picked the name because it is his favorite fruit. Apparently he picked it because one day after coming home from an apple farm, Steve Wozniak and him were bouncing ideas off each other and Jobs thought an apple was fun, spirited and not intimidating. To me the name is still puzzling, but it’s different. Which in essence describes Apple perfectly. 2. The quality that I liked most about Steve Jobs was also the trait that I disliked the most. He had unrelenting confidence in himself and what he designed. Whatever he said was the final answer. He is very similar to Elon Musk in that they both set extraordinary high standards and demand the best from their employees. He micromanages in order to make sure everything is perfect and has been able to build incredible technology with minimal resources in a short period of time. However, his nar...
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9A – Testing the Hypothesis, Part 2

9A – Testing the Hypothesis, Part 2 Who: I went to three business owners, a Starbucks owner, a McDonalds owner, and local clothing store. I learned that even though they don’t trade in the market, other than by putting money into the S&P 500, they still like to look at large corporation numbers and compare numbers. As well as look into market trends in their sector. Then I called up a friend who is an actuary. An actuary is person who determines the likelihood of an event like death or sickness occurring. She said she rarely looks into the stock market and because she is a life insurance actuary, and not a business actuary she doesn’t look into the economics of how businesses are doing. The last person I interviewed was an intern at the mayor’s office. She said she constantly is on the news sites reading about any political issue. She wants to stay informed with all the issues. Although she never invests, she does look into other markets to see how they are doing and what ...
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