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If you read the paper, watch the news, surf the web, or have any kind of interaction with society, you know that the U.S. economy is continuing to free-fall. Huge numbers of people are unemployed, or without sufficient paychecks and retirement funds. This past March alone showed an increase from about 694,000 to 13.2 million unemployed people in the US. While statistics like these spell hardship for many people, they also indicate the potential for great opportunities for those who position themselves properly. Throughout history, those on the cutting edge have adjusted and thrived by knowing how to adapt to current economic conditions like these, and this trend is happening again.

Theres a great book called The Outliers, by Malcolm Gladwell, where he explains that being a genius does not guarantee success. According to Gladwell, success is the result of one’s environment, perhaps more than anything else. Bill Gates and Steve Jobs for example, are successful because they were born in 1955 and were around when the perfect storm existed to take advantage of the beginning of personal computers.

Similarly, of the 75 richest people in history, 20% of the names (or 14 of them) were all born within nine years of each other. These 14 titans of business, which included Rockefeller, Carnegie, and J.P. Morgan, lived in the greatest transformation in history, started foundational companies, and created massive wealth. It was the beginning of railroads, Wall Street was born, and the industrial revolution had begun. Traditional economics as everyone knew it was broken and rebuilt.

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