Friday, June 1, 2012

Oprah Winfrey and Peter Adamson



There are thousands of investors around the world, each with diverse agendas, different views, and a plethora of funds to support their ideals. Oprah Winfrey being one of the most powerful names and brands in media today has gained an empire worth over $2.4 billion dollars (Pilon, 2010).  As a young adult Oprah emerged into the entertainment field acting and winning awards for such performances in “The Color Purple”, “Native Son”, and “The Women of Brewster Place” ("Oprah Winfrey's Official Biography", n.d.). Along with her acting career Oprah created both Harpo, Inc. and Oprah’s Angel Network, both of which aired the Oprah Winfrey talk show. Over her career Oprah has gained millions of fans, countless awards and has dedicated her life to giving back to those in need. Her work has made her one of the richest African-Americans of the 20th century (Pilon, 2010), and has crowned her one of the most influential females in the world.  
            As a leading lady in business Oprah stands for one main recipe for success which is “follow your instincts, that’s where true wisdom manifests itself” ("Oprah Winfrey", n.d.). Having invested her time, money and life’s work in her fans, friends, and family, Oprah has taken her business and given it back to the people who have supported her. Although she has reached an end with the Oprah Winfrey talk show, she has began her next business move to the Oprah Winfrey Network, a television station which strictly focuses on investing in herself along with thousands of individuals and organizations that make a difference.
With Oprah’s new dynasty she has hired a manager that will invest her money wisely. This investor himself has quite a reputation for innovative investing. Peter Adamson, a graduate of Sanford University with a degree in Business, has had a successful career as an advisor, consulter, and investor for Eli Broad, McKinsey & Company along with billionaire Lee Bass to name a few (Memmott, 2010). Adamson in an interview had stated he was drawn to business because he wanted to do something that was practical (Bonar, 1990). Adamson’s colleagues and mentors have often described him as the most hard working, dedicated young individual they had ever been in contact with. He has a way of focusing on what’s important instead of total figures or amounts. Adamson’s success can be recognized for his personal technique to “tailor his investment strategies to individual clients based on their goals and tolerance for risk” (Bonar, 1990). This is why Adamson and Winfrey will make a great partnership.
Taking a look at these professionals and their strategies for success, I think it is important as a young entrepreneur to incorporate your personal interests and passion into your life’s work. Knowing that others have succeeded before you with this equation for success, it is always a great reminder to know what you stand for as a business owner, to know what your brand stands for and to invest in your passions. Sometimes the smartest move is the road that has never been taken, and maybe along the way you can discover a new path that will change the way you and the rest of the world walks.