Outliers Chapter 5 Flashcards

What is Joe Flom's occupation?

Where does Joe Flom grow up?

When is Joe Flom born?

Of what does Gladwell say he hopes his readers are skeptical?

Of what heritage is Joe Flom?

Why does Joe have trouble getting a job after college?

What firms are run by Christian men who live in the suburbs?

What is one type of work Joe does when he is just out of college?

What is a proxy war?

How are these proxy wars characterized?

Why do Flom and his colleagues take on proxy wars?

What is the second lesson of Joe Flom?

What is one way in which Flom's life is affected by the second lesson of Joe Flom?

Why does Flom and those of his generation have their pick of good schools?

Who are the Borgenichts?

What do the Borgenichts have that is in demand in the United States?

Gladwell says the Borgenichts are successful but never what?

What do many of the children of the Borgenichts family and those like them become?

Joe Flom's Background

Joe Flom is a lawyer known for his expertise in corporate law.
He grew up in Brooklyn during the 1930s, a challenging time marked by the Great Depression.
Flom comes from a Jewish heritage, which initially impacted his job prospects due to prevalent discrimination.

Career Challenges and Opportunities

Flom struggled to find employment after college because many firms favored Christian candidates, particularly in prestigious "white shoe" law firms located in suburbs.
Early in his career, Flom worked on corporate takeovers, involving legal strategies known as proxy wars.

Proxy Wars and Legal Maneuvering

Proxy wars refer to the legal tactics used during hostile takeover bids to gain control of companies.
These proxy wars are often characterized by hostility, reflecting the aggressive nature of corporate competition.
Flom and his colleagues engaged in these proxy wars out of necessity, seeking any business opportunities available.

Lessons from Joe Flom

One significant lesson illustrated by Flom’s experiences is "demographic luck," highlighting how timing and population dynamics can influence success.
Flom benefited from special treatment in schooling opportunities since birth rates were low during the Great Depression, allowing his generation access to better educational institutions.

The Borgenichts' Influence

The Borgenichts were a family with sewing-related backgrounds, contributing to the garment industry in the U.S.
They produced clothing, a skill that remained in demand despite their lack of immense wealth, leading to a stable but not affluent lifestyle.
Their children, influenced by their parents’ work ethic, often pursued careers as doctors and lawyers, showcasing a trend of upward mobility despite modest beginnings.

Test your knowledge on Chapter 5 of Malcolm Gladwell's 'Outliers' with these flashcards. Questions cover Joe Flom's background, upbringing, and insights on wealth. Perfect for understanding key concepts and details from this pivotal chapter.