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Trading Secrets

27: The Art of Risk-Taking with Multi Billionaire, Marc Lore

Trading Secrets

Audioboom Studios

News, Education, Business, Self-improvement, Entrepreneurship, Business News

4.95.7K Ratings

🗓️ 15 November 2021

⏱️ 62 minutes

🧾️ Download transcript

Summary

Marc Lore dives into his successes, how to get into the 6th gear, and putting himself in a position where he couldn’t afford to fail. He tells Jason why he dropped out of college, how to work your way up in a corporation, whether a corporate route on entrepreneurship is best for you and why the best companies don’t pay the most. They touch on the $500 Billion Utopian desert city Telosa he plans to build and of course what kind of sports fan would he be if they didn’t talk about the Minnesota Timberwolves? It’s another episode you can’t afford to miss.    For All Access Content - join our networking group for less than 30 cents a day!   Sponsors:   Greenchef.com/secrets125 code SECRETS125 for $125 off and free shipping   Public.com/TRADINGSECRETS to download the app and sign up

Host: Jason Tartick

Voice of Viewer: David Arduin

Executive Producer: Evan Sahr

Produced by Dear Media.

Transcript

Click on a timestamp to play from that location

0:00.0

The following podcast is a deer media production.

0:16.0

Welcome back to another episode of Trading Secrets. Today we are speaking with what seems to be far

0:22.2

from the Jack of all trades and Master of One, but the Master of all trades in the X factor in

0:28.4

each of them. Mark Lore, a serial entrepreneur who also owns NBA's Minnesota Timberwolves,

0:34.4

WNBA Minnesota Links was the CEO of Walmart's US e-commerce biz from 2016 to 2021. Exited many

0:43.4

startups in the hundreds of millions of dollars and ready for this. This one, Mark, when I was

0:47.2

doing my research, this was my favorite. Mark Lore beat my childhood hero, Jerry Rice in a 40-yard

0:54.8

dash in 2020. I'll tell you what, that's well rounded. Mark, thank you so much for being here

1:00.0

on Trading Secrets today. Oh great to be here Jason, looking forward to the conversation.

1:04.2

It's hard for, I mean you beat Jerry Rice, that's real, that happened?

1:07.4

That's real, yeah. Damn, pretty impressive. All right, Mark, we've had some, you know, many successful

1:12.4

people on the show from actors, musicians, we've had sharks from Shark Tank, Founder and Netflix,

1:16.9

others, serial entrepreneurs like Gary Vee, but I gotta say you are definitely the first multi-billionaire

1:24.0

we've had. And I look at the status of over 7 billion people in the world, less than 3,000

1:28.9

billionaires. So I want to ask you a question, that's a basic question, but I'm looking for not like a,

1:35.8

eh, I just worked harder, I never quit or go team go. What do you think really at the end of the day

1:41.6

has differentiated you to be one of those, let's say 2700 people in the world that has hit the

1:48.0

billionaire status as it relates to that worth. You know, when I grew up, first of all, I grew up with

1:52.6

nothing. You know, parents had me when they were 20 years old and I was sort of the first one to

1:57.7

go to college in my family. I grew up in Staten Island, New York. You know, my dad was just sort of

2:03.8

an incredibly hard worker and more than that a risk taker. Now, he never really worked out for him

2:09.4

necessarily. You know, he took risk and it didn't work. And I guess you can go one of two ways as a kid.

...

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