Founders
Episode 298 #298 I had lunch with Sam Zell
Founders

Episode 298: #298 I had lunch with Sam Zell

Founders

Episode 298

#298 I had lunch with Sam Zell

David Senra is the host of Founders, where he studies history's greatest entrepreneurs. This is what he learned from having lunch with Sam Zell and reading Zeckendorf: The Autobiography of The man Who Played a Real-Life Game of Monopoly.

What I learned from having lunch with Sam Zell and reading Zeckendorf: The Autobiography of The man Who Played a Real-Life Game of Monopoly and Won the Largest Real Estate Empire in History by William Zeckendorf. 

----

Come see a live show with me and Patrick O'Shaughnessy from Invest Like The Best on October 19th in New York City. 

Get your tickets here

----

This episode is brought to you by Meter: Meter is the easiest way for your business to get fast, secure, and reliable internet and WiFi in any commercial space. 

----

This episode is brought to you by Tiny: Tiny is the easiest way to sell your business. Tiny provides quick and straightforward exits for Founders.  

----

[27:31] Start of episode on Zeckendorf’s autobiography

[27:44] 26 years of work was now moving down the chute.

[28:36] The secret of any great project is to keep it moving, keep it from losing momentum.

[34:55] If you want to understand the entrepreneur, study the juvenile delinquent. — Let My People Go Surfing: The Education of a Reluctant Businessman by Yvon Chouinard. (Founders #297)

[36:21] Zeckendorf: Revisiting the legacy of a master builder

[45:08] This ruthless industry has created far more bankruptcies than it has billionaires. — Risk Game: Self Portrait of an Entrepreneur by Francis Greenburger. (Founders #243)

[48:49] If you want to know whether you are destined to be a success or a failure in life, you can easily find out. The test is simple and it is infallible: Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as you live. The seed of success is not in you. — James J. Hill: Empire Builder of the Northwest by Michael P. Malone.

[53:20] I brought energy and drive. I became the chief enthusiast.

[1:08:42] I was also deeply in debt. Never, except for rare moments, have I ever had my head very far above the financial water and never have I Iet this trouble me.

[1:10:51] The importance to me of being on the heights was that in an hour I could achieve what previously would've taken a year or more of effort to perform.

[1:11:13] One way to succeed is by aiding and supporting the position of others through new or ingenious ideas or projects. This usefulness to others is in large part the reason for my own success.

[1:14:44] Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)

[1:15:04] The Invisible Billionaire: Daniel Ludwig by Jerry Shields. (Founders #292)

[1:21:28] The Patriarch: The Remarkable Life and Turbulent Times of Joseph P. Kennedy by David Nasaw 

[1:25:52] More businesses die from indigestion than starvation. — The HP Way: How Bill Hewlett and I Built Our Company by David Packard. (Founders #291)

[1:29:23] Wisdom is prevention. –Charlie Munger + Be hard to kill. —Paul Graham (Founders #275)

Subscribe to listen to Founders Premium — Subscribers can ask me questions directly and listen to Ask Me Anything (AMA) episodes.

----

Join my free email newsletter to get my top 10 highlights from every book

----

I use Readwise to organize and remember everything I read. You can try Readwise for 60 days for free here.  

----

I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth

Be like Gareth. Buy a book: All the books featured on Founders Podcast

#298 I had lunch with Sam Zell

Introduction

Okay, so this episode is going to be a little different. What I'm going to do first is go into detail about what I learned from having a 2-hour lunch with Sam Zell. He sat directly across for me. For 2 hours, I got to stare in his eyes and hear, crazy, crazy stories that this -- from his amazing more than 6-decade career of being an entrepreneur.

And then after that, you're going to hear a normal Founders episode where I go into detail about what I learned from reading William Zeckendorf's autobiography. So -- and that came about because as I was talking to Sam Zell, I was like, "Hey, when I was reading your autobiography, Sam, you mentioned reading Zeckendorf's autobiography when you were a young man, and you thought it was very valuable. You got a good idea out of there."

And I was like, I bought the book after reading about it in your autobiography. And then he said to me, he's like, "Have you read it?" I go, no not yet. And then, he said in his like deep voice, he's like, "read it." And so that was good enough for me. If Sam Zell tells me to read a book, then I will do. I will read the book. And so that is what the episode is going to be about. So I want to start at the end first, and then I'll talk to you about how this came to be and all the stuff -- a lot of the stuff that we talked about. So I get home after spending over 2 hours with him.

Access the full transcript
Sign in or register to view episode transcripts.

Contact

Get in touch at help@joincollossus.com