Sam Zell Shares The Secrets To His Success
2019 ж. 21 Қаң.
191 617 Рет қаралды
Nobody knows entrepreneurship like Sam Zell. The Chicago-based founder/chairman of Equity International has made several fortunes in fields in real estate, energy, and communications. A two-time University of Michigan graduate (BA ’63, JD ’66), Zell is a major benefactor of the university, the Ross School of Business, and particularly its entrepreneurship programs, endowing the Zell Lurie Institute in 1999.
Recently, Scott DeRue, the Edward J. Frey Dean of Michigan Ross, interviewed Zell at a gathering of alumni in the Chicago area. Zell offered thoughts on what drives success, the connection between loyalty and corporate culture, and his most famous miscalculation in business.
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Working for one of Sam's companies for 15 years was very enlightening and prepared me immensely to take on entrepreneurship in the manner that I have. Love his philosophy and business acumen.
Satt business e torpe legno busnesse migliacio business
Growing up in India I was told "The sky is the limit ". This was corrected in America to "There is no limit" Thanks Sam for teaching me real estate...
"Do not neglect to do good and to share what you have". Hebrews 13:16
Sharing knowledge is a great gift 🎁
I like your playlist
Absolutely right, creating a culture and hiring staff and people that have the same goals in mind as you is a proven formula for success. Throw in hard work, ethics and drive and you've got yourself a Zell.
I am an artist and this came out to be one of the interesting interviews I have listened to. The stories are great. For artists, we are in many ways entrepreneurs promoting and learning not only how to create, but to find an audience for our artwork. Thank you to both Sam and Scott.
RIP Sam Zell - thanks for sharing your knowledge.
This guy is awesone!
I love listening to zell, makes me feel nothing is impossible if we keep on keeping on
R.I.P. Sam Zell 🙏
Great interview. Thank you
Brother there are no Herro's anymore, there are no secrets to do something and you will hunestly win. You have to be in the club or have good friends in the club
I like his negotiation philosophy ... leave some on the table ... dont kill your opponent
Mitigating risk. Common theme echoed by Buffett, Munger, Taleb and many others. Know where the Scylla and Charybdis are at all times and steer clear of them.
RIP Sam…🙏🙏
Thank you for bringing this content to us. That being said, it sounds like this was recorded with a celery stick.
WHERE DO I GET THAT BACKGROUND FOR WALL PAPER!?
Sam is Yoda of business wisdom.
Take a shot every time the moderator says "uhhh"
That was great
Its all possible for sure!!!
Why are universities always so self-congratulatory?
Pretentiousness, that’s why.
@@Stranger_In_The_Alps Money - they need to continually convey an image so that more people enroll lol
Lmao
Between 34:50 and 36:24 Sam Zell doesn't sound too bullish on Commercial real estate especially multi-family. "Every recession has started because of an oversupply of Real Estate. And the amount of multifamily Apartments coming online is the same as 1971 which was an all-time high." " we're likely to see a softening of Commercial Real Estate as Supply impacts overall returns. Makes me think if I should look at other real estate asset classes instead of continuing to invest in income-producing multifamily. what do you guys think?
One wonders what Grant Cardone would say about this!
He also said that if you have tenants its okay. If you buy Spec multi family without tenants in bad locations than it gets ugly. Cashflow determents value. If the property doesn't cashflow, than you're property can drop heavy in value in a recession.
@@ozzyf3918 Grant buys properties that are in great locations and are all 95% filled. So no Problem. Cashflow determents value. If you have no Tenants and no cashflow, than you're property drops a lot in a recession. But not if you are in a great location with filled tenants
@@ozzyf3918 grant would say dont buy speculative Real estate without tenants. He buys only Real Estate that cashflows immediately and that is filled to 95%. if you buy property that doesn't cashflow and the market turns, you gonna suffer. But not Grant, he should be safe
Try investing in trailer parks like Zell, then jack rents on RVs, tents, teepees & yurts
I wish there was a company like this i could work at..I would flourish
Your success is yours back then but may not work for many in these difficult times… Those with money have a stepping stone, compared to a new comer..
I want to be just like him when I grow up🙏🏾🦋👏🏾💯🍀💞
💙
Skip the babble, interview starts at 2:59
0:00: ⭐ Fireside chat with successful Michigan alumni Sam Zell, a renowned business figure and author. 5:24: ⚡ Embodying a mindset of limitless possibilities through leading by example. 10:12: 💼 Long-lasting office culture promoting eccentricity and excellence without rigid dress codes. 15:47: 💰 Effective risk assessment crucial for investment success 20:54: ⚡ Negotiating a bold vision with calculated execution risk in business. 26:49: 💡 Negotiating for mutual benefit, long-term perspective, and financial success through strategic investing. 31:55: ⚗ Unique opportunity in pharmaceutical market due to FDA law loophole. 36:28: ⭐ Challenges in Chicago and Illinois may hinder Amazon's potential relocation despite ideal conditions. 41:35: 💡 Professionalism and seizing opportunities are key to success. Recap by Tammy AI
I like him
So annoying when the host spends minutes talking about nothing not letting the guest start
that's one side reason why I prefer youtube to tv, can always skip ahead to the relevant parts.
Got me violent
❤Bravo
I am glad to finally find the resources of Stocks/Bonds/Commodities. It is very good.
what a great guy
The secret is there is no secret to success.
He should have talked about how to avoid taxes.
Same pitch
As in TODAY1300-Time inn Mark
👍👍👍👍👍👍👍👍
How many times does this guy say “uhhh” in this video
The dean not having the ambition to try an do any better for himself?? Really hard for me to comprehend.
I cold called Mr.Zell and had no idea who he was. This is the 2nd video I've seen him
Buy the dammmmm Ticket Jack!!!!
I thought u couldn't keep saying uh
i taught them how to build a better city. i haven't finished explaining it because they've been incapable of learning stage one. i am the true owner of the federal reserve and always have been since i was five years old riding my Columbia bike.
some times, you have to allow them to realize how to build a better city. often it can be difficult to lead a horse to water... and more so, to make it realize it should drink. with the jack-asses in charge - they are more stubborn than any horse!
Grave Dancer Farewell.
1
Sam Zell - 24 karat Mench....
Love Sam
Approval how?? Using parallel life game bidding on me ??! Mr shitttt
Richard like wtf
Uhhh uhhh uhhh uhhh
Didn't do so good with Tribune company, eh?
Wow, was this guy wrong on where the real estate market would go! All of that real estate he sold would have doubled in price by 2022. Not sure I trust his future real estate advice.
U were not paying attention to The year 2008 the great recession America business and real estate corps We're going under....the govt with taxpayer dollars step in to save business.. Jb
He made his money and called it time off
Move of a Professional.Out early, let FOMO drive the crash, then buy up assets cheap.
Work smart not Hard
Uh.....uh......uh.........uh......uh!
2 and a half minutes in….LET THE MAN SPEAK!!!! 🤦🏼
The university wants credit for self educated rich man?
Journalistic arrogance ?
You will pay you are not my friends
Can we please here Mr. Zell and stop hearing you say uhh...uhh every sentence...
Sam Zell led the Tribune Company in 2007 into a poorly thought out plan to buy the company on BILLIONS of borrowed money while newspaper advertising revenues were starting to decline. Tribune employees were told that they could be part of ownership by participating in an Employee Stock Ownership Plan. Tribune was forced into bankruptcy about a year after Zell concocted his takeover plan. Many people got screwed in the wake of this disaster. He and other board members settled YEARS of litigation from stakeholders in 2019 for a meager $200 million. I know people who lost upwards of half a million dollars of their savings to this disaster. Sorry, but Zell does not deserve much praise.
Wow! This seem like a choice on the employees shareholders decision.
One failed deal doesn’t make or break anybody. From what you described he lost money on the deal as well, all of the greatest investors have losses.
The secret to his success is unlimited access to the large secret untaxed Norwegian Royalty fund created by his fellow elves.
The company exists but Sam Zell is a Robot
All i heard in the begining was..uhhhh....uhhhh...uhhhh...uhhhhh..uuuhhhhh...uhhhhhh...so flippin annoying
why do these guys always look like they just crawled out of hell
:###.. I'm a big fan of GRANT CARDONE. However, I'm sure GRANT could learn quite a Bit from Mr. Zell. Especially since one of grants great passions is to become a multi Billionaire.
Grant says he based his model of real-estate investing on Sam Zell :)
From many years of reading what some business owners say about their company culture versus what it actually is I know that most of this is B.S.
The secret he didn't reveal "Being a Jew"
The Jews are a ppl blessed by the Almighty and there are plenty of stats to prove it. Regardless of the WWII era. I’m not Jewish. I’m German.
Severi ebreo o già capito bene come quella che fa della sanità il suo potere e il giudice e belga amici di paesi ora o capito come Calabria Messenger e altre vedova
La scuola poverino sembrava anche simpatico
Business migliacioetorpe
Being self-centered, cold hearted and greedy is all you need to get on,,,, great species the human race🙄
Chau chuyen Fund va Chau cung thich Bat dong San.
the GIP.gip/vgovernt.mentiu/mbba //nd.D