* Eike Fuhrken Batista (Governador Valadares, November 3, 1957) is a Brazilian entrepreneur. He has founded companies in different business sectors, mainly in mining. He is the son of Eliezer Batista da Silva, a longtime head of mining company Vale.
* In 1980, he moved back to Brazil to begin a gold and trading company in the Amazon. Shortly after he joined Canadian mining firm TVX Gold, making and then losing a fortune, before finally selling his stake in the company for $1 billion in 2000. Afterward he reinvested in several businesses, including mining. A large portion of his wealth was made from OGX, an oil and gas exploration company founded in 2007
* Batista, one of seven children of a high-level government official, got into gold at an early age and eventually controlled mines from Chile to Russia.
* "Initially, I started a trading company to buy the gold and sell it. After a year and a half, there I was at 23 with $6 million in my hand. And margins were going down because competition started to come in. I said, "I have to reinvent myself. Why not buy one of these rich pick-and-shovel mines and mechanize it?" By 1983, I had Brazil's first alluvial mechanized gold mine running in the Amazon jungle."
* "But you know, over time you learn that knowledge is important. So I hired a team of executives from [the Brazilian state oil company] Petrobras who had great knowledge. Finding oil is a multidisciplinary science. You need a lot of people—statisticians, engineers, and geologists, of course. And what I have learned in the past 30 years is that I read people better than I read books."
* A comment on the article about Eike - "'As someone who comes from Indonesia,a land abundant with everything imaginable, from oil to uranium,yes,i agree with the fact that Mr. Batista did have good connections to begin with. But in my country there are also many who have "Papi" connections,yet they are not as successful nor insightful.First of all,the business savvy move of quitting school to take a chance on the brazilian jungles is worth noting in itself.If we look further back, the fact that Mr. Batista was raised in Germany and not in the lavish comforts of Brazil where all "Papi" connections could afford,builds character.What other son of a minister would sell insurance door to door, then dropped out of school to go into the depths of the brazilian jungle and took such a risk that paid off. I''ve seen many in my country with the same,if not better background as Mr. Batista yet don''t come anywhere near his success.So yes, well connection does count,but it is not a guarantee.There is no substitute for plain hard work,and good luck. A trait that i see evident in Mr. Batista.Last note, in any Business World, having good connections is not an upperhand,it''s a must!' "
Highlights
* "But you know, over time you learn that knowledge is important. So I hired a team of executives from Petrobras who had great knowledge. Finding oil is a multidisciplinary science. You need a lot of people—statisticians, engineers, and geologists, of course. And what I have learned in the past 30 years is that I read people better than I read books."
* He is the son of Eliezer Batista da Silva, a longtime head of mining company Vale.
==HAVING PEOPLE WITH COMPLEMENTARY KNOWLEDGE IS IMPORTANT IF YOU WISH TO BUILD SOMETHING THAT IS COMPLEX AND INTEGRATED==
==BEING THE SON OF AN INFLUENTIAL PERSON IN A RELATED INDUSTRY==
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