Michael Dell

In business, a lot of words and phrases are overused to the point that they lose all their original meaning. "Paradigm" has to be one of the worst. The one that comes to mind when discussing Dell is "revolutionary". Dell is one of the few examples where a word this strong really applies. Taking $1,000 of startup capital to build custom PCs in a dorm room all the way to becoming the worlds leading computer manufacturer and the highest return on investment company in history (ROI = 14,000%) is impressive, but there have been many such basement-business-to-boardroom success stories. The revolutionary part was building the first manufacturing operation that relied on mass customization of an extremely complex product, and succeeding at it. Before Dell, such a technique was considered impossible.

I was struck by the Randian style of Dell's life. Oblivious to the critics laughing at his seemingly naive attempt to challenge the large, dominant, and established players in a complex and technical industry, Dell proceeds to create an entirely new business and eventually dominates those same critics. Dell is a modern day, real life Henry Rearden, a prime mover whose success benefits the world over. He makes the impossible seem natural, and his modest demeanor masks an unimaginable and limitless drive for success.

Readers expecting an autobiography of Michael Dell may be disappointed; he glosses over his own life in barely half a chapter and quickly gets down to business, so to speak. I was mildly disappointed by this, as Dell seems like a very interesting guy. This was the right choice though, and considering Dell's own personality of economy this seems fitting.

It seems Dell has always been an uncannily direct person, starting in 3rd grade when he purchased a high school diploma from a mail order company in an attempt to save himself another 9 years of unnecessary education. This was a child destined to succeed. He was born with dollar signs in his eyes and was all about the Benjamins before most of us even knew what a Benjamin was. This pattern continued as he earned $2,000 by selling stamps on consignment though an advertisement in a stamp collectors journal. At age 16 Dell earned over $18,000 in one summer by selling newspaper subscriptions by targeting newlyweds from lists he compiled by canvassing county courthouses (the really funny part about that story was that when he told his high school teacher about this, she became angry because it was more money than she made).