Larry WeidelMentor and Coach Empowering Million Dollar Earners

Part 1 - 46-Year Success Story In Financial Services

6 Aug 2024 · 1 min

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0:42

A speaker (addressing Larry) reflects on the rarity of long-lived companies, citing that only 12% of companies from 50 years ago still exist, and notes their firm has lasted ~47 years. The speaker challenges the idea that a single strategy ('buy, trim and invest the difference') alone explains success, instead emphasizing broader incentives and motivation as critical factors.

Questions this video answers

12%

47 years

I heard a statistic that's relevant. Only 12% of the companies that existed 50 years ago are still running today because acquisition, mergers, consolidations are. They're out and only 12% of them. So they have a company like ours that are 47 years old. It's a rarity. We don't realize that. And when people take a look at our company, Larry, they always think about, yeah, you had a crusade. You're out there helping people. And because of your unique concept of buy, trim and invest the difference, that's why you succeeded. I want to disagree with that. We succeeded because we had a great concept and we had a great money, motivation, incentive to do it.