
22 segments available
What I learned from reading "How To Make A Few Billion Dollars" (https://a.co/d/30ZrW7w) by Brad Jacobs. https://www.founderspodcast.com/ Full Transcript and Show Notes: https://www.founderspodcast.com/episodes/35764867/senra-335-how-to-make-a-few-billion-dollars-brad-jacobs David Senra: https://x.com/FoundersPodcast?s=20
Brad Jacobs shares his extensive experience as a CEO and entrepreneur, detailing the mistakes he's made throughout his career. He emphasizes that despite these blunders, he and his teams have created significant value for shareholders, highlighting the importance of learning from failures to replicate success.
"during my 44 years as a CEO and a seral entrepreneur I've made every possible mistake in business I've overpaid for Acquisitions and botched Integrations I've run operations for cash when I should hav..."
Jacobs recounts his journey of starting multiple billion-dollar companies, beginning with his first venture in oil brokerage. He discusses the rapid growth of his companies and the strategic decisions that led to their success, illustrating the entrepreneurial spirit and the drive to create value.
"career began in 1979 when I started a privately owned oil brokerage company called amorex oil Associates I was 23 with just a few thousand bucks and no experience within 4 years my partners and I had ..."
In this segment, Jacobs explains how he built his companies through strategic acquisitions. He shares insights on the importance of identifying opportunities in various industries and how these acquisitions contributed to the growth of his businesses.
"takes it public in '92 is going to sell it in '97 we became the industry's fifth largest player and in 1997 we sold United waste for $2.5 billion United waste taught me that I love working with outrag..."
Jacobs emphasizes the necessity of thinking differently to achieve big goals in turbulent environments. He references Peter Thiel's quote about finding value in unexpected places and discusses how unconventional thinking can lead to significant business opportunities.
"the share price at Inception was $3.50 and it now trades at more than 100 times that price in 2011 I was on to my next big thing XPO Logistics XPO was the seventh best performing stock in the Fortune ..."
Jacobs discusses the importance of managing one's mindset and expectations in entrepreneurship. He shares personal experiences of overcoming negative thoughts and emphasizes the need for a positive mental attitude to navigate the challenges of business.
"guide if you have a burning passion to make enormous amounts of money in business or want to turbocharge your chances of success in sports the Arts politics philanthropy or any part of your life read ..."
In this segment, Jacobs shares a valuable lesson he learned from a mentor: that problems are opportunities in disguise. He discusses how successful entrepreneurs view challenges as assets and how this mindset can lead to innovative solutions.
"their brains to Prevail at achieving big goals in turbulent environments where conventional thinking often fails I want to read one more sentence and I'm going to read to you this quote from Peter tea..."
Jacobs highlights the significance of expecting positive outcomes in business. He shares strategies for reframing negative thoughts and managing anxiety, emphasizing that a positive mindset is crucial for making sound business decisions.
"instead of formulas instead of using conventional thinking remember that uh later on we're going to talk about this outrageous thing that happened Brad winds up making about $4 billion buying back a b..."
Jacobs reflects on his experiences with failure and how they shaped his approach to business. He discusses the importance of learning from mistakes and using them as stepping stones to success, reinforcing the idea that failure is a part of the entrepreneurial journey.
"about him is he's distilling down his knowledge from ma into like simple to remember maxims and so he says so much of success in business comes from keeping your head in a good place he talks about ex..."
Jacobs introduces the concept of thought experiments as a tool for problem-solving and decision-making. He explains how these mental exercises can lead to clarity and innovative solutions in business.
"for Founders and you and I have talked about this before there's a great quote by Mark andreon that said entrepreneurs only ever experience uh two emotions Euphoria and Terror and nothing in between i..."
Jacobs discusses the importance of data in making informed business decisions. He shares his approach to gathering and analyzing information to identify trends and opportunities in various industries.
"around World War II I read his biography because Charlie Munger recommended it to me and actually when I went to Charlie monger's house to have dinner with him uh the book was sitting behind Charlie o..."
In this segment, Jacobs emphasizes that successful businesses are effective problem-solving machines. He shares insights on how to embrace challenges and turn them into opportunities for growth and innovation.
"friend had a similar worry how would I advise them to handle it so this idea of stepping outside of yourself is something I've triy to practice as well step outside of yourself it's your problem prete..."
Jacobs discusses the critical role of hiring in building successful companies. He shares his philosophy on recruiting top talent and the impact that great employees have on organizational success.
"heard his Audi book can't hurt me that's what mine sounds like so I'm going to have to take Brad's advice here I've become much happier in middle age when I stopped expecting unrealistic levels of per..."
Jacobs highlights the significance of fostering a positive workplace culture. He discusses how a supportive environment can enhance employee satisfaction and productivity, ultimately contributing to the success of the business.
"a reference and you'll go back and there's a bunch of things like all the chapters are separate things so like how to run great meetings uh how to do a lot of uh m&a without imploding your company how..."
In this segment, Jacobs emphasizes the importance of building relationships in business. He shares personal anecdotes about mentorship and collaboration, illustrating how strong connections can lead to success.
"already said this but Brad was kind enough to invite me to uh the book launch party they had in New York I flew up uh to New York just for like 16 hours just to go to the book launch and and meet Brad..."
Jacobs reflects on the joy of entrepreneurship and the impact of creating value for others. He discusses the responsibility of business leaders to contribute positively to society and the economy.
"problems this comes up over and over again that business is problems and great companies the way I think about it is great companies are just effective problemsolving machines and I first heard that i..."
Jacobs shares a personal story about a small business owner named Steve, illustrating the entrepreneurial spirit and the importance of customer focus. He highlights how dedication and hard work can lead to success in business.
"then he put down his Fork turned to me and said look Brad if you want to make money in the business world you need to get used to problems because that's what business is it's actually about finding p..."
Jacobs concludes with a motivational message about the importance of commitment and focus in achieving big dreams. He encourages listeners to embrace opportunities and strive for excellence in their endeavors.
"so Danny Meer is kind of unloading his problems and his stresses to an older wiser entrepreneur he says opening this new restaurant might be the worst mistake I've ever made Stanley set his Martini do..."
Jacobs emphasizes the need for continuous learning and adaptation in business. He discusses how staying informed and open to new ideas can lead to innovative solutions and long-term success.
"problem solving that's an excellent line too success lies not in the elimination of problems but in the art of creative profitable problem solving the best companies are those that distinguish themsel..."
Jacobs highlights the value of networking and building relationships with other entrepreneurs. He shares insights on how connections can lead to new opportunities and collaborations.
"are just opportunities and work clo Jeff vasos multiple books in the everything store the first biography of Jeff B was written by Brad Stone there's this interaction between one of one of Jeff and on..."
Jacobs discusses the impact of technology on business success. He emphasizes the importance of investing in technology to stay competitive and drive growth in various industries.
"manufacturers would call Waste I find this incredibly energizing I see it as potential years and years of variable and fixed productivity gains and more efficient higher velocity and more flexible Cap..."
In this segment, Jacobs shares his vision for the future of entrepreneurship. He discusses emerging trends and the potential for innovation in various sectors, encouraging listeners to embrace change and pursue their passions.
"same thing it's exactly the same great this is an opportunity for me to create a lot of value if you can figure out how to solve this problem I if I excuse me if I can figure out how to solve this pro..."
Jacobs concludes the episode with final thoughts on entrepreneurship and personal growth. He encourages listeners to take action, learn from their experiences, and strive for success in their endeavors.
"remember this and one of the things that I wrote was that Charlie had a complete almost a complete indifference to problems he said they should be expected you should toughen up like you just essentia..."