#33December 18, 201949:39

#31 - The Wild Wild West of Mineral Real Estate

Mineral rights aggregation Navy leadership and performance standards Asymmetric risk and reward Lifestyle business design

About This Episode

Shaan Puri interviews Mike Brown, a former Navy F-18 pilot who built an eight-figure business by aggregating oil and gas mineral rights in Midland, Texas. They discuss the mechanics of the mineral rights industry, Navy principles for high-performance teams, and the philosophy of 'quality of life' entrepreneurship.

Episode Description

Mike Brown is my new hero. He's an ex military man, who came back & built a super lean business (5 employees and 10's of millions in revenue annually) - hired best friends and brothers to share the experience. Mike Brown (@mb_abides) and his gang went on a mission to buy small pieces of real estate from hundreds of families because they were potentially (and quite literally) sitting on a gold mine. They'd then package them up and sell it to the big oil & gas funds - which meant tens of millions of dollars for them. The business part is good - but I love the philosophical and practical advice around optimizing for quality of life. Let me know what you think! Puri.shaan@gmail.com See acast.com/privacy for privacy and opt-out information.

Key Takeaways

Seek 'asymmetric returns' by identifying investments where the downside is limited to capital recovery while the upside is significantly higher.

Implement 'intense positive peer pressure' by fostering a culture where team members feel a deep responsibility to uphold the squadron's reputation rather than just following rules.

Dedicate time to 'battle chair' sessions—regular, deep-dive strategic blocks used to analyze all potential variables and contingencies before making major decisions.

Featuring

Mike Brown

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Duration49:39

Guests1

Ideas Discussed0

Topics4