#183April 9, 20211:13:10
#169 - How One Billionaire Started 5, Billion Dollar Companies, …
About This Episode
Sam Parr and guest Andrew Wilkinson discuss the 'Billy of the Week,' profiling billionaires Brad Jacobs and Dan Gilbert. They break down strategies for roll-ups in fragmented industries and share personal stories about interacting with ultra-wealthy figures like Warren Buffett.
Episode Description
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Sam Parr (@TheSamParr) and Andrew Wilkinson (@awilkinson) discuss:
* (5:35) Bradley Jacobs: the man who's built 5, billion dollar companies
* (28:28) Dan Gilbert: how he started with nothing, built Quicken Loans and eventually, an empire
* (41:30) What talking to Warren Buffett is like
* (1:00:07) How Andrew lost $10m
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Key Takeaways
1
Identify 'boring' fragmented industries with low capital to build a platform for roll-up acquisitions and operational optimization.
2
Adopt a 'yes before no' mindset toward new opportunities to build a diverse and innovative portfolio while maintaining a stable cash-flowing core.
3
Utilize a barbell strategy by using profits from a conservative, high-margin business to fund high-risk, high-reward ventures.
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Quick Stats
Duration1:13:10
Guests1
Ideas Discussed0
Topics4