All Posts Tagged With: "oil history"

Investors Made 566% the Last Time This Happened

No one really knew what to expect when Sid Bass took over the family oil business in 1968. Sid’s father and uncle were wildcatters who struck it rich in the 1930’s. The two built an oil company with 120 wells and a combined fortune of $50 million over the next three decades.

In 1968, the family fortune was handed over to Sid. Once at the helm, Sid hired Richard, one of his old college buddies, away from Goldman Sachs to help him invest the family’s fortune.

They couldn’t have gotten off to a worse start. The pair thought a more “aggressive”…

5Feb2009 | Q1 Publishing | 0 comments | Continued

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