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25th New Thing – Watched 20/20

I decided to watch a show that I've never watched before. I've never watched 20/20 even though I used to see the Barbara Walters commercials all the time. 20/20 is a television newsmagazine that has run on ABC since 1978, with around 5 million viewers per week.

I chose to watch Episode 66, Lessons from Billionaires, that originally aired on October 28, 2011. Segment 1 was about Guy Laliberté, worth $2.5 billion, who founded Cirque du Soleil in 1984. He is originally from Canada and started out as a street performer himself. I believe there have been 29 unique shows thus far. Segment 2 was about Lynn Tilton, who is the sole principal of Patriarch Partners, LLC which manages 75 companies that generate $8 billion per year in revenue. She is originally from Teaneck NJ. She buys companies in jeopardy, restructures them, and finding new ways to make them profitable. Her advice to young entrepreneurs is "success comes from following your passion."

Segment 3 was about John Paul Jones DeJoria who co-founded John Paul Mitchell Systems in 1980 and co-founded Patrón Spirits Company in 1989. $4.2 billion fortune. He is originally from East Los Angeles and was homeless at one point in his life. His philanthropy is "success unshared is failure."  Segment 4 was about Tony Hsieh, CEO of  Zappos, a $1.2 billion powerhouse. The corporate culture there is to create fun and a little weirdness, where he has his own cubicle in the middle. He is originally from California with Taiwanese parents. He co-founded LinkExchange and sold it to Microsoft for $265 million in 1999. He also wrote a book, Delivering Happiness, in June 2010. His philosophy is "your happiness isn't based on external factors." Segment 4 was about the Haves and Have Nots. In 1985 there were only 15 billionaires. Today there are more than 400 billionaires. The rich are getting richer. Some of their purchases include big yachts, jewelry, sports teams, mansions, and art.  

What did all 4 people have in common? 
  1. They followed their passions.
  2. They were not afraid to fail (and all did).
  3. They tried to give back in gratitude for all their successes.

What did you do today?

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