Welcome to Episode 111 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In this last and final installment, Jefferson wraps up his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series.
Key Takeaways:
[1:05] Sam noticed that young people were delaying marriage in the early 2000’s and staying in ‘24-hour cities.’ So, he redistributed his capital.
[4:15] In 2006, Sam bought the Chicago Tribune newspaper and gave his staff skin in the game.
[6:20] Sam believes in globalization and has increased his international investments over the years.
[7:20] However, Sam is not a fan of Europe due to too many pensioners, which he predicts would mean for higher taxes.
[10:40] How was Sam able to grow his business to the next level?
[11:40] Sam doesn’t want to be treated like a boss and he makes sure he is not surrounded by ‘yes men.’
[12:05] What is Sam’s hiring process?
[14:10] Can entrepreneurship be taught? Sam believes that people have an entrepreneurial gene and that it’s stronger in some than others.
[15:10] You cannot be successful without giving to others.
[16:55] Jefferson lists nine of Sam’s philosophy principles for success.
[25:45] Jefferson recommends the book! If you happen to know Sam, Jefferson would love to interview him.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
