What We Can Learn From J. Paul Getty

J. Paul Getty planned to enter the U.S. Diplomatic Service, but, when he got out of college, the Oklahoma oil boom caught his attention. Since his father had already prospered in the oil business, he was irresistibly attracted to the prospects of wildcatting, and he decided to postpone his diplomatic ambitions for two more years.

He worked on other wildcatter's rigs and borrowed money from his father to raise money for oil speculation. His father only gave him small amounts of money and demanded prompt repayment.

J. Paul Getty spent his money frugally, and also saved money through haggling over prices.

At first his speculations did not go well, and a diplomatic career looked increasingly inviting. Then, early in 1916, he secured a bargain price of $500 on a lease and the well he sank produced 700 barrels a day. Suddenly, at the age of 23, he made a fortune.

Years later, journalists would ask him about his lucky beginning. They wondered how he knew that the well was so rich. He responded that he had gathered all the necessary geological facts from experts and the spot appeared to have been a good one.

"But," he added, " as for actually knowing what the outcome would be that was impossible. If there were a way to be a hundred percent sure where rich oil deposits are, nobody would ever sink a dry well."

"Oil prospecting is like any other venture in life, from getting married to buying a car...there is always an element of chance, and you must be willing to live with that element."

"If you insist on perfect certainty, you will never be able to make any decisions at all. You will simply paralyze yourself."

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Saleem Rana got his Masters degree in psychotherapy from California Lutheran University. His articles on the internet have inspired over ten thousand people from around the world. Discover how to create a remarkable life

Copyright 2004 Saleem Rana. Please feel free to pass this article on to your friends, or use it in your ezine or newsletter. It's a shareware article.

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Supervisor Training: Helpful Tips to Lead Your Pack

A new supervisor is hired to anchor a gardening project... Read More

Asking for Help

For many of us, asking for help is a difficult... Read More

Coaching a Leader

One of my favorite memories growing up as a child... Read More

How to Become a Great Leader & Improve Your Leadership Skills

A great leader is able to inspire his/her workers to... Read More

Managing Monsters in Meetings - Part 2, Multiple Conversations

Side conversations ruin meetings by destroying focus and fragmenting participation.Approach... Read More

Evil, Hostile Grumpy Listeners? Think Again

I hated Kyle Sisk*. A notorious bully, Kyle punctuated my... Read More

Wanted: A Dictionary-Perfect Leader

Answers are often before our very eyes or in front... Read More

A Leader?s Ultimate Goal ? Connect to Engage!

Connect and Engage! Your People Are Your Power.It's been said... Read More

Professional Organizations: Join or Fold?

All of us join professional organizations for a reason--a friend... Read More

Leadership and Followership in a Team Setting

Many solopreneurs work in a team environment either with their... Read More

Who Is Randy Gage and Why Is He One of My Mentors and Heroes?

Who is Randy Gage? I first read about him in... Read More

Are You a Good Manager or a Great Leader?

Your word is your truth - Know that when you... Read More

Beyond Authority: Debunking the Top 3 Leadership Myths

Have you noticed that across the business world people are... Read More

Abe Lincoln: An Extraordinary Leader

Perhaps noted as one of the greatest United States presidents... Read More

Shades of Grey: Government, Religion, & People

Some think that everything is black and white. I'm beginning... Read More

Abraham Lincoln Is Still Alive

Abraham Lincoln Is Still Alive President Jimmy Carter tells in... Read More

Trust - The Most Vital Component in Leadership

"Trust is the emotional glue that binds followers and... Read More

7 Awesome Leadership Power Generators!

7 Awe-Inspiring Leadership Power-Generating Strategies!Here's a really simple way you... Read More

What is Leadership?

Leadership is what every organization needs and so few have... Read More

3 Ds For Leadership Action... Dedicate, Direct, Dialogue!

"...And winged hope, with heart of fire, To gain the... Read More

Leadership - L.P.B It!

"Dissatisfaction and discouragement are not caused by the absence of... Read More

Leadership: Wisdom of the Ages

If you gather 100 experienced leaders together to share with... Read More