We Study Billionaires - The Investor’s Podcast Network

TIP670: Sam Zell’s Secrets to Spotting Bargains & Managing Risk

28 snips
Oct 25, 2024
Explore the fascinating journey of Sam Zell, a legendary investor known for his contrarian strategies and bold real estate moves. Discover how he earned the nickname 'The Grave Dancer' and developed his unique investment criteria. Delve into his record-breaking $39 billion deal and uncover insights into building strong company culture. Zell's adventurous spirit shines through as he shares lessons from his life, from escaping Poland to pioneering the REIT industry, offering valuable wisdom for aspiring investors.
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ANECDOTE

Escape from Poland

  • Sam Zell's father escaped Poland on the last train before German invasion.
  • This instilled in Zell a belief that anything is possible.
ANECDOTE

First Entrepreneurial Venture

  • Zell's first business involved buying a magazine for 50 cents and reselling it for $3.
  • This taught him about scarcity and pricing.
ANECDOTE

Managing Apartments

  • In college, Zell managed student apartments despite no prior experience.
  • His success led to more properties and sparked his real estate career.
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