flâneur

Founders: #427 How Raymond Plank Built a $50 Billion Oil Company

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Raymond Plank founded Apache Corporation with just $250,000 in 1954. 50 years later his company was worth $50 billion. This episode examines the life and entrepreneurial philosophy of Raymond Plank through his memoir A Small Difference Rather than presenting a conventional history of Apache, this episode focuses on the lessons, maxims, and beliefs Plank accumulated over seven decades in business. Written when he was nearly 90, the memoir reads like a lifelong diary of how to think about opportunity, courage, cost control, resourcefulness, and adaptation. Lots of wild stories in this one. Made possible by: Ramp: ⁠⁠⁠https://ramp.com⁠⁠⁠ Applovin: ⁠⁠⁠https://www.applovin.com⁠ Vanta: ⁠⁠⁠https://vanta.com/founders⁠ ⁠Add your email here⁠ and I will send you my top 10 quotes from every episode: https://davidsenra.substack.com

[00:00] A: The capacity of the human mind for learning and personal growth greatly exceeds that which I would have deemed plausible in my early years. The purpose of this memoir is to open the window of my life in the hope that readers may find parts useful in achieving a fuller measure of their own capacities to attain worthy goals on behalf of self and others, in the certain belief that happiness and understanding uplift the human spirit, contributing to the base for a full and happy life. I look back through the years of my life from the vantage point of now being in my 90th year. I look…

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