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Trading Secrets

6: Behind the Scenes with Shark Tank's Kevin O'Leary aka Mr. Wonderful's Portfolio & Tricks

Trading Secrets

Audioboom Studios

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

4.95.7K Ratings

🗓️ 21 June 2021

⏱️ 70 minutes

🧾️ Download transcript

Summary

Mr. Wonderful believes he has taught the sharks everything they know from negotiating to structuring! In this episode, we go behind the scenes with Kevin O’Leary as he explains his rules of investing, negotiating, and even day to day living.  He tells us how he got on the show, how much he has to invest every season and how Shark Tank has changed his life.  From Business 101 to expert level, he provides a lesson for each level…lessons you can’t afford to miss!

Produced by Dear Media.

Transcript

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0:00.0

The following podcast is a DR Media Production.

0:15.7

Welcome back to another episode of Trading Secrets and today we are honored.

0:19.4

We are discussing all things.

0:20.7

We're talking business, money and media with what some would call the shark of all sharks.

0:26.0

Now, his nickname may be a little contrary to his TV tone.

0:30.5

They call him the one and only Mr. Wonderful.

0:33.5

And so today I'm jumping in the shark cage with a brutally honest and probably the most aggressive

0:40.3

negotiator on Shark Tank, Mr. Kevin O'Leary. One thing I think is kind of important is that we

0:46.5

talk a little bit about where Kevin came from. Now I talked to him in the episode that we're

0:51.6

going to open the bell real quick here. I talked to him about how we got on Shark Tank and when

0:55.6

he made his TV debut and we get in the weeds about the money behind it, etc.

0:59.7

But what's interesting is that Kevin actually co-founded this company called SoftKey Software

1:05.6

Products. And it's his tech company. And what they did is they sold software that was geared

1:09.7

towards education. So family, youth, children, education, entertainment. And then their strategy

1:16.5

was to acquire several rival companies and then change its name to the learning company,

1:22.5

which inevitably was the key to Kevin's success. Now he's had so much success. It's incredible,

1:30.0

the shit he's done. But he was acquired by that little company called Mattel. Remember Mattel?

1:35.5

You know, every game you had as a kid said Mattel. So in 1999, 1999 they were acquired.

1:41.2

That's what made O'Leary a multi-multimillionaire. And so Mattel acquired SoftKey Products,

1:47.2

which then of course we just established became the learning company for $4.2 billion

1:53.2

freaking dollars. Now his projects from there are endless. That's a cool thing about Kevin.

1:57.7

He said he made his millions. He didn't stop. He just kept going and going. And we get into

...

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