Sunday 17 July 2022

Inventor or Investor

After researching and studying some of the great business leaders and entrepreneurs, I have picked up a pattern from the data gathered. Most of the great ones are either inventors, investors and/or imitators. Elon Musk invented his own rockets to create SpaceX which will probably make him the first trillionaire. This involved imitating and learning from the mistakes of past aerospace engineers. Warren Buffett invested in Coca Cola and Apple Inc. which made him one of the richest men in the world. At one point, Warren Buffett was the richest man in the world. This involved imitating and learning from the mistakes of past financiers such as Benjamin Graham. This means that you either become good at science and engineering or learn finance and marketing to become a great business leader. For some, it is important to learn both which is easily done through imitation. In the USA, Silicon Valley is the hub for science and engineering inventors while Wall Street is the hub for finance and marketing investors. So my advice is to become an inventor, an investor and/or an imitator if you want to be an entrepreneur.

Medical Laboratories have started to adopt the principles of inventing, investing, and/or imitating in order to become large conglomerates. This is the formula for having the greatest impact on society via innovation and investments. In Jamaica, most inventors use the services of the Scientific Research Council while investors use the services of the Jamaica Stock Exchange. Medical Laboratories are now becoming technology and asset management giants. On March 8, 1994, National Health Laboratories Inc. reorganized as a holding company called National Health Laboratories Holdings Inc. which merged with Roche in 1995 to form LabCorp. Be the change you want to see!


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