TIP552: Mastering the Art of Investing: A Deep Dive w/ Sam Zell

<p>On today’s show, we have the honor of interviewing legendary real estate investor and entrepreneur, Sam Zell.</p><p>Sam Zell has an impressive background, having started his career in real estate in the late 1960s. He is the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam has made many bold moves and investments, earning him a reputation as a savvy and fearless investor.</p><p>One of Sam's most notable achievements was his role in creating the modern-day real estate investment trust (REIT) industry. He did this by founding Equity Office Properties Trust in 1997, which became the largest office REIT in the United States. In 2007, he sold the company for a record-breaking $39 billion.</p><p>Joining us today as a co-host is David Greene, an accomplished real estate investor, and host of the BiggerPockets podcast, one of the most popular and highly-rated podcasts in the real estate investing space.</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>00:00 - Intro.</p><p>04:49 - How Sam helped pioneer the REIT industry and what improvements he would like to see today</p><p>30:42 - What drives him to succeed at 81 years old&nbsp;</p><p>35:37 - Why Sam would raise interest rates further if he was the head of the Federal Reserve</p><p>49:36 - How Sam thinks through when to buy and when to sell</p><p>50:48 - A play-by-play breakdown of how he sold Equity Group Investments to Blackstone for nearly $40 billion dollars</p><p>1:06:08 - Why he says “liquidity = value”</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Am I Being Too Subtle by Sam Zell <a href="https://www.amazon.com/s?k=am+i+being+too+subtle+sam+zell&amp;hvadid=580766089661&amp;hvdev=c&amp;hvlocphy=1013962&amp;hvnetw=g&amp;hvqmt=e&amp;hvrand=13347513200725383785&amp;hvtargid=kwd-332390163758&amp;hydadcr=21931_13324213&amp;li