The Mexican economy was in ruins in 1982. Oil prices had fallen, the peso was devalued, interest rates were high, and some banks were nationalized. Yet a young entrepreneur saw opportunities and invested heavily during that downturn. He acquired clusters of companies, across industries, from foreign and native investors, who were fleeing the collapsing nation. His father had told him that nations never go bust forever. Good times always return. That entrepreneur is Carlos Slim, now the richest person in the world.
John Templeton, in the early stage of his career, bought 100 shares of selected companies, trading at less than $1, in 1939, the onset of World War II. By 1943, he had made many times the money he invested. He later became a billionaire.
To read the full, original article click on this link: Three Rules for Entrepreneurs During Uncertainty - Businessweek
Author:Ndubuisi Ekekwe
