We Study Billionaires - The Investor’s Podcast Network
Business:Investing
On today’s show, we have the honor of interviewing legendary real estate investor and entrepreneur, Sam Zell.
Sam Zell has an impressive background, having started his career in real estate in the late 1960s. He is the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam has made many bold moves and investments, earning him a reputation as a savvy and fearless investor.
One of Sam's most notable achievements was his role in creating the modern-day real estate investment trust (REIT) industry. He did this by founding Equity Office Properties Trust in 1997, which became the largest office REIT in the United States. In 2007, he sold the company for a record-breaking $39 billion.
Joining us today as a co-host is David Greene, an accomplished real estate investor, and host of the BiggerPockets podcast, one of the most popular and highly-rated podcasts in the real estate investing space.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
04:49 - How Sam helped pioneer the REIT industry and what improvements he would like to see today
30:42 - What drives him to succeed at 81 years old
35:37 - Why Sam would raise interest rates further if he was the head of the Federal Reserve
49:36 - How Sam thinks through when to buy and when to sell
50:48 - A play-by-play breakdown of how he sold Equity Group Investments to Blackstone for nearly $40 billion dollars
1:06:08 - Why he says “liquidity = value”
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
SPONSORS
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
TIP580: Clear Thinking w/ Shane Parrish
BTC150: Solving the Oracle Problem w/ Daniel Hinton & Steve Jeffress (Bitcoin Podcast)
TIP579: Big Mistakes by Michael Batnick
BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge (Bitcoin Podcast)
TIP578: Fundamentals of Stock Investing w/ Daniel Pronk & Jake Ruth
BTC148: Bitcoin and AI w/ Guy Swann (Bitcoin Podcast)
RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran
RWH032: The Vigilant Investor w/ Chris Bloomstran
TIP577: Valuation Masterclass w/ Aswath Damodaran
BTC147: Fiat Ruins Everything w/ Bitcoin Developer Jimmy Song (Bitcoin Podcast)
TIP576: Mastermind Q3 2023 w/ Tobias Carlisle and Hari Ramachandra
TIP575: The Future of AI w/ Bob Muglia
BTC146: Broken Money 2/2 w/ Lyn Alden (Bitcoin Podcast)
TIP574: Broken Money 1/2 w/ Lyn Alden
TIP573: Berkshire's Beginnings w/ Jacob McDonough
BTC145: Adam Back on Drivechains, Mining Hardware, & L1 scaling w/ James Macedonio (Bitcoin Podcast)
TIP572: Finding Value in the Oil Market w/ Josh Young
BTC144: Bitcoin and Macro Mastermind 3Q 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)
RWH031: Abundance w/ Michael Berg
TIP571: Charlie Munger & The Psychology of Human Misjudgment
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast
Money Tree Investing
The Disciplined Investor