Chapter
The Importance of Investing in Arenas with Little or No Competition
38:27 - 48:30 (10:03)
The key criteria for successful investing is the level of competition, as operating in environments with little to no competition provides the edge needed for attractive returns. This principle guided the early career of a successful real estate investor who invested in small, growth cities such as Ann Arbor, Madison, and Reno.
Clips
A young man who was tired of practicing law decided to start a real estate business.
38:27 - 43:11 (04:44)
Real Estate
Summary
A young man who was tired of practicing law decided to start a real estate business. His boss suggested that the law firm could do the legal work for him and invest in his business to help him get started.
ChapterThe Importance of Investing in Arenas with Little or No Competition
Episode#407: Sam Zell — Strategies for High-Stakes Investing, Dealmaking, and Grave Dancing
PodcastThe Tim Ferriss Show
Real estate mogul, Sam Zell, shares his insights on the importance of finding situations where you can operate in a competitive environment that gives you the edge and how competition affects profitability.
43:11 - 48:30 (05:18)
Real Estate
Summary
Real estate mogul, Sam Zell, shares his insights on the importance of finding situations where you can operate in a competitive environment that gives you the edge and how competition affects profitability.