We Study Billionaires - The Investor’s Podcast Network

TIP159: Billionaire Michael Jordan - with Roland Lazenby (Business Podcast)

Oct 7, 2017

Roland Lazenby, author of 'Michael Jordan: The Life,' shares captivating insights into the sports icon's career and mindset. He discusses how Michael Jordan's timing and relentless drive transformed basketball on and off the court. The fierce sibling rivalry that fueled Jordan's competitive nature is explored, along with the profound influence of coach Tex Winter on his development. Plus, the groundbreaking partnership with Nike is unraveled, showcasing how Jordan revolutionized sports marketing, becoming an emblem of success in both athletics and business.

45:59

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Episode notes

Intro

00:00 • 2min

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The Mind of a Champion: Michael Jordan Uncovered

01:34 • 10min

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Sibling Rivalry: The Driving Force Behind Michael Jordan

11:22 • 3min

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The Influence of Tex Winter on Michael Jordan

14:50 • 13min

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Promotional Insights into Financial and Business Services

27:40 • 3min

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The Jordan-Nike Revolution

31:04 • 7min

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Michael Jordan's Early Drive and Investment Insights

38:30 • 9min

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Enhancing Practical Financial Knowledge and Engaging with the Audience

47:31 • 2min

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You can be a stock market genius

Uncover the Secret Hiding Places of Stock Market Profits

Joel Greenblatt

This book provides a highly accessible guide to the stock market, focusing on special situations that portfolio managers and investment experts often miss. It includes case studies, important background information, and tools for individual investors to exploit opportunities in areas like spin-offs, restructurings, merger securities, rights offerings, recapitalizations, bankruptcies, and risk arbitrage. Greenblatt, who has been beating the Dow with returns of 50 percent a year for over a decade, shares his expertise to help readers become successful stock market investors.

Michael Jordan: The Life

Roland Lazenby

This biography, written by Roland Lazenby, delves into the life of Michael Jordan, from his early days in North Carolina to his rise as a global ambassador for basketball. It covers his growth from a skinny rookie to a legendary player and business icon, highlighting his ruthless competitiveness and insatiable drive. The book draws on Lazenby's personal relationships with Jordan's coaches, friends, teammates, and family members, as well as interviews with Jordan himself, to provide a detailed and compelling portrait of the man behind the myth.

Shoe Dog

Phil Knight

Shoe Dog is a memoir that chronicles the journey of Phil Knight as he builds Nike from its humble beginnings as Blue Ribbon Sports. The book is a personal and detailed account of Knight's experiences, from his early days selling Japanese running shoes out of the trunk of his car to the global brand Nike is today. It highlights his relentless work ethic, the challenges he faced, and the key relationships with his partners and employees that were crucial to the company's success. The memoir also touches on Knight's personal life, including his family and the emotional struggles he encountered along the way.

Good to Great

Why Some Companies Make the Leap... and Others Don't

Jim Collins

In 'Good to Great,' Jim Collins and his research team investigate why some companies achieve long-term greatness while others do not. The book identifies key concepts such as Level 5 Leadership, the Hedgehog Concept, a Culture of Discipline, and the Flywheel Effect. These principles are derived from a comprehensive study comparing companies that made the leap to greatness with those that did not. The research highlights that greatness is not primarily a function of circumstance but rather a result of conscious choice and discipline. The book provides practical insights and case studies to help businesses and leaders understand and apply these principles to achieve sustained greatness.

Influence

The Psychology of Persuasion

Robert Cialdini

In this highly acclaimed book, Dr. Robert B. Cialdini explains the psychology behind why people say yes and how to apply these insights ethically. The book outlines six universal principles of influence: Reciprocation, Commitment and Consistency, Social Proof, Liking, Authority, and Scarcity. The new and expanded edition includes a seventh principle, Unity, along with new research, insights, and examples. Cialdini uses memorable stories and relatable examples to make the subject accessible and easy to understand, helping readers become more skilled persuaders and defend themselves against unethical influence attempts.

IN THIS EPISODE, YOU’LL LEARN:

Why timing is everything in sports and business
How Michael Jordan changed the game of basketball on and off the court
Why it was Michal Jordan’s mindset as much as his athleticism that made him the greatest player of all time.
Ask the Investors: How can I continue to educate myself within investing?

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Roland Lazenby’s book, “Michael Jordan: The Life” – Read reviews of this book.
Preston and Stig’s episode about billionaire Phil Knight and Nike.
Preston and Stig’s episode about Joel Greenblatt’s book, You can be a stock market genius too.
Preston and Stig’s episode about the bestselling business book “Good to Great”.

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