O'Reilly logo

The Savage Way: Successfully Navigating the Waves of Business and Life by Bill Cosby, Frank Savage

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 2

Getting In, Struggling Out, Getting Right

You have to risk going too far to discover just how far you can really go.

—T.S. Eliot

A decade has passed since Enron disappeared into a sea of red ink, bitter tears, and spilled blood, and I still ask myself how in the world did I get myself tied to the mast of such a sinking ship? Let me further express myself in some of my favorite nautical terms. Before I agreed to board Enron, I had done my due diligence in long, detailed talks with its captain, its first mate, and its financial navigator. I inspected the strength of its hull, the sureness of the tiller, the timber of its boom, and the fabric of its great sails.

I found nothing, nothing, to raise a moment’s alarm. Then again, that’s so often how a voyage of the damned begins.

It started in 1995 when my friend, Ron Brown, then Secretary of Commerce, invited me to join him on a business trip to India. I was chairman of Alliance Capital Management International, which raised funds from investors all around the world. We had billions of dollars under management.

I was 57 years old. But I felt and acted 20 years younger; some even said I looked the part, too.

“Frank,” Ron said to me in the spring of 1995, “I’m taking a business delegation to India to try to promote business with the United States. Would you be interested in going?”

As luck would have it, I was on the verge of launching Alliance’s first India mutual fund, called Alliance 95. The prospect of going to India with ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required