If you've read Think & Grow Rich by Napoleon Hill, then please...

Sumit Menon · 08-17-2009, 08:49 AM

... could you explain the story "A Pretty After-Dinner Speech For A Billion Dollar" to me.

That's the story of JP Morgan forming the United States Steel Corporation. I read it like 3 times but the English is too hard for me to digest.

Ok, I'm 16 and Indian so I don't understand English very well. (At least, this one.)

Some questions:

What did Morgan want?
Why didn't Carnegie like the IDEA?
hmm.. What's the IDEA in the first place?
What did Schwab do?
Who's side was Schwab on?
What did the others- Gary, Gates, Moore Brothers had to do with it?

Thoroughly Confused.

Thanks,
Sumit.

PS. Sorry id this is off-topic but these the most intellectual place I know.

XFactor · 08-17-2009, 08:51 AM

Ha - I always skip that part every time I read the book

And I've read the book at least a dozen times.

- John

LarryC · 08-17-2009, 10:21 PM

I've read that book a couple of times, but not recently. I'd have to see the story to refresh my memory.

sonamlama · 08-17-2009, 11:08 PM

Hey Sumit_Menon,

Well if you remember from the story told by Napoleon Hill, he describes the dinner very vividly. He discusses Charles Schwab as the guest speaker for the Dinner, who at the time was not well known and received a sort of "you're not accepted here" type of gesture from the audience. As the story unfolds, Schwab delivers an Extremely Effective and Powerful speech. Surprisingly his speech attracted the mind and ideas of J.P. Morgan. Morgan knew that the only way to become Ridiculously Successful and wealthy was to form an alliance with Andrew Carnegie. So, in response to your list of questions this will serve as clarification:

1.) Morgan wanted to buy Carnegie's Steel Corporation
2.) Carnegie, at first, was against the idea and was not willing to sell because
he did not fancy the idea of selling his "gold mine" company to some unholy and ruthless men.
3.) Schwab was the brains of the operation and the MEANS to which the
DEAL would be completed. This IDEA/DEAL originated from the mind of
Schwab. He was the mastermind behind this.
4.) Gary, Gates and the Moore Brothers were simply men who had been trying
desperately to form their own successful Company or "Trust" with J.P. Morgan but were met with FAILURE in every business opportunity they attempted to present to J.P. Morgan. Morgan denied ALL their offers, but FINALLY after hearing the captivating speech of Charles Schwab he Knew he had struck Gold and found the "combination" or "alliance" that he was searching for.

I hope this clarifies your confusion and provides you with the information that
could help you learn from this brilliant man, Charles Schwab, and of the success of the United States Steel Corporation.

Yours in True Freedom,
Sonam Lama

Sumit Menon · 08-18-2009, 12:37 AM

Quote:

Originally Posted by sonamlama

Hey Sumit_Menon,

Well if you remember from the story told by Napoleon Hill, he describes the dinner very vividly. He discusses Charles Schwab as the guest speaker for the Dinner, who at the time was not well known and received a sort of "you're not accepted here" type of gesture from the audience. As the story unfolds, Schwab delivers an Extremely Effective and Powerful speech. Surprisingly his speech attracted the mind and ideas of J.P. Morgan. Morgan knew that the only way to become Ridiculously Successful and wealthy was to form an alliance with Andrew Carnegie. So, in response to your list of questions this will serve as clarification:

1.) Morgan wanted to buy Carnegie's Steel Corporation
2.) Carnegie, at first, was against the idea and was not willing to sell because
he did not fancy the idea of selling his "gold mine" company to some unholy and ruthless men.
3.) Schwab was the brains of the operation and the MEANS to which the
DEAL would be completed. This IDEA/DEAL originated from the mind of
Schwab. He was the mastermind behind this.
4.) Gary, Gates and the Moore Brothers were simply men who had been trying
desperately to form their own successful Company or "Trust" with J.P. Morgan but were met with FAILURE in every business opportunity they attempted to present to J.P. Morgan. Morgan denied ALL their offers, but FINALLY after hearing the captivating speech of Charles Schwab he Knew he had struck Gold and found the "combination" or "alliance" that he was searching for.

I hope this clarifies your confusion and provides you with the information that
could help you learn from this brilliant man, Charles Schwab, and of the success of the United States Steel Corporation.

Yours in True Freedom,
Sonam Lama

Wow... Thanks. That's what I wanted to know.

Randy Meirndorf · 08-18-2009, 02:46 AM

I caught that too, I thought it was charles schwab.

Anyways, it goes along with the main theme of the book. Charles had a burning desire to get a specific result. His faith mixed with definiteness of purpose transmuted itself into it's material equivelent.

Maryleena · 08-18-2009, 07:31 AM

Great now it all makes sense.....wonderfull book by the way!

sonamlama · 08-18-2009, 04:30 PM

No problem Sumit. If there's anything else you may be unsure of or need help to clarify, feel free to post your question and I'll try my best to provide you with the best answer.

Yours in True Freedom,
Sonam Lama

08-17-2009, 08:49 AM	#1
Sumit Menon . Join Date: Aug 2008 Location: Mumbai, India Posts: 657 Thanks: 552 Thanked 246 Times in 153 Posts Social Networking Contact Info	If you've read Think & Grow Rich by Napoleon Hill, then please... ... could you explain the story "A Pretty After-Dinner Speech For A Billion Dollar" to me. That's the story of JP Morgan forming the United States Steel Corporation. I read it like 3 times but the English is too hard for me to digest. Ok, I'm 16 and Indian so I don't understand English very well. (At least, this one.) Some questions: What did Morgan want? Why didn't Carnegie like the IDEA? hmm.. What's the IDEA in the first place? What did Schwab do? Who's side was Schwab on? What did the others- Gary, Gates, Moore Brothers had to do with it? Thoroughly Confused. Thanks, Sumit. PS. Sorry id this is off-topic but these the most intellectual place I know.
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08-17-2009, 08:51 AM	#2
XFactor John (Adsense Addict) War Room Member Join Date: Apr 2006 Location: Southern California Posts: 1,261 Thanks: 64 Thanked 598 Times in 122 Posts	Re: If you read Think & Grow Rich by Napoleon Hill, then please... Ha - I always skip that part every time I read the book And I've read the book at least a dozen times. - John
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08-17-2009, 10:21 PM	#3
LarryC Advanced Warrior War Room Member Join Date: May 2007 Location: , , USA. Posts: 551 Thanks: 70 Thanked 68 Times in 53 Posts	Re: If you've read Think & Grow Rich by Napoleon Hill, then please... I've read that book a couple of times, but not recently. I'd have to see the story to refresh my memory.
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08-17-2009, 11:08 PM	#4
sonamlama HyperActive Warrior Join Date: Aug 2009 Location: New Jersey Posts: 164 Thanks: 14 Thanked 65 Times in 35 Posts Social Networking	Re: If you've read Think & Grow Rich by Napoleon Hill, then please... Hey Sumit_Menon, Well if you remember from the story told by Napoleon Hill, he describes the dinner very vividly. He discusses Charles Schwab as the guest speaker for the Dinner, who at the time was not well known and received a sort of "you're not accepted here" type of gesture from the audience. As the story unfolds, Schwab delivers an Extremely Effective and Powerful speech. Surprisingly his speech attracted the mind and ideas of J.P. Morgan. Morgan knew that the only way to become Ridiculously Successful and wealthy was to form an alliance with Andrew Carnegie. So, in response to your list of questions this will serve as clarification: 1.) Morgan wanted to buy Carnegie's Steel Corporation 2.) Carnegie, at first, was against the idea and was not willing to sell because he did not fancy the idea of selling his "gold mine" company to some unholy and ruthless men. 3.) Schwab was the brains of the operation and the MEANS to which the DEAL would be completed. This IDEA/DEAL originated from the mind of Schwab. He was the mastermind behind this. 4.) Gary, Gates and the Moore Brothers were simply men who had been trying desperately to form their own successful Company or "Trust" with J.P. Morgan but were met with FAILURE in every business opportunity they attempted to present to J.P. Morgan. Morgan denied ALL their offers, but FINALLY after hearing the captivating speech of Charles Schwab he Knew he had struck Gold and found the "combination" or "alliance" that he was searching for. I hope this clarifies your confusion and provides you with the information that could help you learn from this brilliant man, Charles Schwab, and of the success of the United States Steel Corporation. Yours in True Freedom, Sonam Lama
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08-18-2009, 02:46 AM	#6
Randy Meirndorf HyperActive Warrior War Room Member Join Date: Jan 2009 Location: Kelso, WA Posts: 163 Thanks: 11 Thanked 36 Times in 26 Posts Social Networking Contact Info	Re: If you've read Think & Grow Rich by Napoleon Hill, then please... I caught that too, I thought it was charles schwab. Anyways, it goes along with the main theme of the book. Charles had a burning desire to get a specific result. His faith mixed with definiteness of purpose transmuted itself into it's material equivelent.
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08-18-2009, 07:31 AM	#7
Maryleena HyperActive Warrior War Room Member Join Date: Jul 2009 Location: Denmark Posts: 99 Thanks: 9 Thanked 83 Times in 9 Posts Social Networking Contact Info	Re: If you've read Think & Grow Rich by Napoleon Hill, then please... Great now it all makes sense.....wonderfull book by the way!

08-18-2009, 04:30 PM	#8
sonamlama HyperActive Warrior Join Date: Aug 2009 Location: New Jersey Posts: 164 Thanks: 14 Thanked 65 Times in 35 Posts Social Networking	Re: If you've read Think & Grow Rich by Napoleon Hill, then please... No problem Sumit. If there's anything else you may be unsure of or need help to clarify, feel free to post your question and I'll try my best to provide you with the best answer. Yours in True Freedom, Sonam Lama
	Sonam Lama Attn: Beginners and Newbies - Discover The Top 20 Ways To Ignite Your List for FREE