TPP382: 7 lessons we learned from a billionaire investor

The Robs have another special guest this week. This time it’s billionaire investor Stephen Schwarzman. Sadly, he’s too much of a big wig to actually be on the show so The Robs are going to be picking apart his book instead.

You might never have heard of Stephen Schwarzman before, but after this podcast episode it’s certain to be a name you’ll remember. 

After reading his book, Rob & Rob found that there are seven lessons that we can all learn from him. 

Now, you might be thinking ‘how can I possibly relate to a billionaire investor when I’m just starting out?’

Well don’t worry, we promise that these seven lessons will be invaluable to you no matter what stage of your property journey you’re at. Here’s the seven lessons Stephen will be sharing with us:

1. Failure is the best teacher in an organization
2. The best executives are made, not born
3. Identify problems and bring solutions
4. How to raise money
5. It's the same effort to work on a big thing as a small thing
6. Group decision making
7. Building a team of 10s

There’s plenty to learn from today’s episode and it’s even a learning curve for Rob & Rob, so hopefully there will be a number of takeaways for you too. 

 

In the news this week we’ve got a big headline for you, ‘PM pledges biggest planning shake-up since WW2’. Like usual, it’s a headline that’s been blown out of proportion, however if you are a developer or you build properties then this could be good news for you. 

According to this article from Mortgage Strategy there are now going to be more things that you can do without having to acquire planning permission. Included in it are converting commercial premises to residential, demolishing an old home to replace it with a new one and if you want to extend or add floors there’s going to be a fast track method for that. So again not quite as drastic but certainly good news for some. 

 

Naturally this week’s Hub Extra is the book that we’ve just dedicated this podcast episode to, What it Takes by Stephen Schwarzman. If you have any interest in business or investing then this is a book that you’ll enjoy, and there’s plenty more lessons that you’ll learn from it.

 

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