It's a Good Life

S2E350 How to Build a Wonderful Business with Mr. Wonderful - Kevin O'Leary

Nov 25, 2025
In a dynamic chat, entrepreneur and 'Mr. Wonderful' Kevin O'Leary shares insights from his Irish-Lebanese roots and how his mother's investing strategies inspired his ETF venture. He reveals the pivotal moment when getting fired from an ice cream job ignited his entrepreneurial journey. Kevin stresses the importance of a strong personal brand, relationships in real estate, and focusing on quality leads over cold calls. He also offers wisdom on thriving amidst chaos and prioritizing three daily tasks to reduce distractions.
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ANECDOTE

Mother's Secret Portfolio

  • Kevin O'Leary's mother secretly invested 15% of her salary for decades and died 'a very rich woman.'
  • He built an ETF company modeled on her diversification rules and long-term discipline.
INSIGHT

Why He Overweights Real Estate

  • Kevin intentionally overweighted real estate beyond his mother's 20% sector rule.
  • Tangible assets appealed to him because he likes 'to touch the earth' and values physical investments.
ANECDOTE

Fired At An Ice Cream Parlor

  • Kevin O'Leary was fired on his first and only one-day job for refusing to scrape gum off the floor.
  • That moment pushed him to never let anyone control his life and to pursue entrepreneurship instead.
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