Chapter
Sam Zell on the WeWork and Regus Fallouts
1:27:10 - 1:34:46 (07:36)
Sam Zell discusses the problems faced by co-working companies like WeWork and Regus, which lack necessary barriers to entry and have become the first to feel the impact when the market softens.
Clips
Too much capital availability and the position of being a marginal supplier in times of financial trouble caused the world's largest co-working companies, Wework and Regus, to declare bankruptcy, according to Sam Zell.
1:27:10 - 1:30:46 (03:35)
Summary
Too much capital availability and the position of being a marginal supplier in times of financial trouble caused the world's largest co-working companies, Wework and Regus, to declare bankruptcy, according to Sam Zell. Co-working may be seen as a canary in the coal mine for the US economy because oversupply of commercial real estate is a function of too much capital availability and can cause problems in other forms of finance as well.
ChapterSam Zell on the WeWork and Regus Fallouts
Episode#407: Sam Zell — Strategies for High-Stakes Investing, Dealmaking, and Grave Dancing
PodcastThe Tim Ferriss Show
Warren Buffett shares his thoughts on WeWork, stating that any company without a barrier to entry is vulnerable, and that their competition was simply a plug at Starbucks.
1:30:47 - 1:34:46 (03:59)
Summary
Warren Buffett shares his thoughts on WeWork, stating that any company without a barrier to entry is vulnerable, and that their competition was simply a plug at Starbucks. He also emphasizes the importance of governance and having skin in the game.