Lessons from Sam Zell

It’s no secret that Sam Zell is one of the most successful investors in American history. He has made a mantra of looking left when everyone else is looking right and capitalize on the mistakes of others.

I read his book recently, “Am I Being Too Subtle” and he speaks of his career, from his very first deal as a property manager to buying Tribune to selling Equity Office to Blackstone. He spoke about the Savings & Loans Crisis and also of the many partnerships he has made over the years.

One thing which has remained with me after reading the book is that Zell doesn’t refer to him as a CEO, doesn’t refer to himself as a fund manager and I doubt he knows what the hell Microsoft Excel is. Zell cares about the deal and getting the deal done.

Zell refers to himself as a “Professional Opportunist”. Wow. Let me tell you how I take that.

An opportunist always sees the glass as half full. They “read the tea leaves” to follow the trends as economies change and mature. More succinctly, they are adaptable and flexible and change to fit the situation not rest on their laurels and complain about how the situation has changed.

We should all endeavor to be opportunists.

We are at a crossroads where technology creates opportunities out of nothing. Profit out of thin air. Boomers are retiring. The 90s were 30 yrs ago. And we are in a brand new decade.

Let’s be optimistic. Let’s be opportunist.

-T

--

--

--

President — Cade Management Co. Real Estate and SMB advocate. Email me telless@cademgt.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

What Affects Your Credit Scores?

Get Out Of Debt in City of Edinburgh #Get #Out #Of #Debts #City #of #Edinburgh https://t.co/Fgy3NKcR

The elite’s favorite status symbols have become way more expensive over the past 20 years

An individual wearing sunglasses.

Market Oulook — Attack of the Pelicans!?

5 signs you’re keeping too much money in your checking account

An individual at an ATM.

What Does Penny-wise Mean?

Region’s ATM Nightmare!

Beginners Guide: How To Buy Properties

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Chateau by Telless Cade

The Chateau by Telless Cade

President — Cade Management Co. Real Estate and SMB advocate. Email me telless@cademgt.com

More from Medium

How to survive the Inflation?

6 External Factors That Caused The Home Buyers to Take a Pause in Home Buying

The Three Stages of Stepping Down

How Does Inflation Affect the Value of My House?