4min chapter

Founders cover image

#91 Jim Clayton (Sold to Warren Buffett)

Founders

CHAPTER

The Bankruptcy Attorney and Harry Nacey

The bank had made a lot of bad loans. Jim and his brother started another smaller dealership while in bankruptcy. They bought back their old inventory for more than 50% off at auctions. "We presold a lot of those cars and paid for them with the buyer's own money"

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode