033: Barry Sternlicht | What’s in his Silver Fortune Cookie?

The Hard Way w/ Joe De Sena

Spartan Races

Fitness, Alternative Health, Health & Fitness, 792700

4.7 • 870 Ratings

🗓️ 5 May 2015

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

For the founder, chairman and CEO of Starwood Capital Group, getting fired in the prime of his career is the best thing that ever happened to Barry Sternlicht. He recruited a couple of friends, borrowed a few million dollars, followed a business plan that bucked all conventions, and set off on a path that would make him a real estate and hotel investing star. He tucked away this mantra in his wallet for eight years: “Perseverance is genius in disguise.” He found it in a fortune cookie. Sternlicht, in fact, is a treasure trove of adages which have no doubt driven him through the tough times. His father, a holocaust survivor, was one of his first inspirations. www.SpartanUpPodcast.com/033

Lessons:
1. Perseverance is genius in disguise.
2. Luck is when preparation meets opportunity.
3. Find the freight trains in your life and then get on them instead of in front of them.

Transcript

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0:00.0	You're listening to Spartan Up Podcasts.
0:07.0	You're listening to Spartan Up Podcast.
0:09.0	where we study success and everything required to create it.
0:12.0	We interview people from all over the world
0:15.0	that are successful, no matter how they define it. All right, we're back here at the farm once again at the Spartan Up Podcast.
0:29.3	I am Tim Nye, Colonel Nye.
0:31.8	So welcome everybody. To right here. I got
0:33.9	Sefra, the seed queen. I've got Joe and I've got Johnny the doctor and the
0:39.5	mind doctor. And today we're going to be talking about
0:46.0	Barry Sternlich real estate developer Starwood. Starwood Holdings.
0:48.0	Anybody knows the W hotel chain or Starwood.
0:51.0	That was Barry. Barry had a vision. I don't want to get into exactly what he talks about in the podcast, but one thing he does say is he was busted at 31 years old he lost his job he was actually collecting
1:03.4	unemployment so uh... anyone who says hey it's too late i didn't go to school this that i was
1:08.2	actually shocked that a person could amass
1:11.4	uh... the level of wealth and success this person has done in such a short period of time that late in life.
1:18.0	Because that's pretty rare. That's not, um...
1:20.0	Well, 31's not like so late in life, is it? Well, to now to now massive fortune massive fortune to start then you'd think you'd think you'd think you would have started I know
1:30.2	Yeah, I think you would have started younger
1:32.4	Well how many of these broadcasts have we already done,
1:37.0	where whoever it was started at a very early age
1:41.0	to achieve that greatness.
1:43.4	So I mean I guess he had started but on a different path.
	...

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