Sam Zell’s Secrets to Spotting Bargains & Managing Risk w/ Clay Finck (TIP670)

Clay reviews the wonderful book — Am I Being Too Subtle by Sam Zell.
Sam Zell has an impressive background, having started his career in real estate in the late 1960s.

Sam was the founder and chairman of Equity Group Investments, a top private investment firm. He created the modern-day real estate investment trust (REIT) industry by founding Equity Office Properties Trust in 1997, which he later sold for a record-breaking $39 billion in 2007.

Just prior to passing away on May 18th, 2023, Sam had his final recorded interview with The Investor’s Podcast Network.

IN THIS EPISODE YOU’LL LEARN:
0:00:00 - Intro
0:00:43 - Sam’s background
0:06:21 - Sam’s family & childhood
0:11:05 - College years
0:12:31 - First real estate deal
0:18:50 - Moving back to Chicago
0:21:47 - Partnering with Bob Lurie
0:24:36 - The Grave Dancer
0:32:28 - Sam’s investment criteria
0:37:16 - Venturing into new industries
0:40:02 - Zell’s biggest prediction
0:41:11 - REITs
0:44:45 - Zell’s record breaking deal
0:46:28 - How to understand investment risk
0:50:08 - Venturing into emerging markets
0:51:17 - Building a great culture
0:56:55 - Entrepreneurship
0:59:42 - Sam’s business principles
1:05:02 - Outro

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On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market.

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[JamesonSharp]

Sam Zell the Man The Legend! A Fitting Tribute to him. 👍

[sheanathan]

Great summary
One of my favorite books

[theone]

I thought it was: Feng-Shan Ho served as the Consul-General for the Republic of China in Vienna during WW2, where he risked his life and career to save possibly tens of thousands of Jews by issuing them visas in defiance of his superiors.

[jimjackson]

Sorry the germans didn’t invade poland they invaded the western half of poland and the soviets invaded the eastern half.