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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI315: The Power of Mentorship w/ Chris Powers

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 1 January 2024

⏱️ 64 minutes

🧾️ Download transcript

Summary

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Chris Powers to talk about his journey from purchasing his first rental at 17 to becoming Chairman of Fort Capital and host of the entrepreneurial podcast, The Fort. They dive into the sacrifices Chris has had to make to get to where he is today, the struggles along the way, the role of mentorship and faith in his life, what he learned from Sam Zell on how to be a great investor, and so much more. Chris is a serial entrepreneur with more than 18 years of real estate development and investment experience. He founded Fort Capital and to date, the company has invested over $2B in Class B industrial, commercial, multifamily, student housing, and residential / land development projects throughout the state of Texas and the Sunbelt. Chris’s ability to conceptualize, raise capital, and execute are only a small part of what Chris brings to the table as Fort Capital’s Executive Chairman.  IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro. 02:23 - What sacrifices Chris Powers has had to make to be Chris Powers. 05:32 - The danger of pursuing status games. 05:56 - What impact Chris’ father had on his life and career. 13:19 - How his life changed after his father decided to go back to medical school in his 30’s. 44:01 - How mentorship has played a major role in his life. 49:45 - How the role of faith has impacted his life and career. 59:01 - How podcasting has opened up doors. 59:21 - What the next 10 years will look like. 61:55 - What an average day is like for Chris. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Am I Being Too Subtle by Sam Zell. Good to Great by Jim Collins. The Fort podcast with Chris Powers. Listen to REI184: Beauty in Broken Things w/ John Marsh | YouTube video. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: (@JPatrickDonley): Twitter Connect with Chris:  Website | Twitter Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.0

One thing that's always come really natural to me, before I even knew what a mentor was or that you called a mentors was,

0:09.0

there's all these people, no matter what you're trying to do, if it's build a real estate company, if it's be a good dad, if it's, you know, be better in your faith, whatever it may be, there's always, there's people around that have already walked the walk

0:21.1

and they've already done the thing successfully. And so for me, it's always been really natural to go,

0:27.1

why wouldn't I just seek those people out and ask them how they did it? And not just how they did it,

0:31.8

but what are all the mistakes you made along the way?

0:36.9

Hey, everybody.

0:37.9

In this week's episode, I had the pleasure of sitting down with Chris Powers to talk about

0:41.7

his journey from purchasing his first rental at the age of 17 to becoming chairman of

0:46.5

Fort Capital and host of the entrepreneurial podcast, The Fort.

0:50.3

We dive into the sacrifices Chris has had to make to get to where he is today, the

0:53.8

struggles along the way, the role of mentorship and to make to get to where he is today, the struggles

0:54.2

along the way, the role of mentorship and faith in his life, what he learned from Sam

0:58.6

Zell on how to be a great investor, and so much more. Chris is a serial entrepreneur with more

1:03.3

than 18 years of real estate development and investment experience. He founded Fort Capital,

1:08.0

and to date, the company has invested over $2 billion in Class B, industrial,

1:12.1

commercial, multifamily, student housing, residential, and land development projects throughout

1:17.3

the state of Texas and the Sun Belt. He is also the host of an entrepreneurial podcast,

1:21.6

The Fort with Chris Powers, and has published over 300 episodes of raw business conversations

1:26.4

with business leaders and entrepreneurs.

1:29.1

I loved Chris's transparency and openness to share about all aspects of his life in this

1:33.6

interview, and I hope you guys enjoy this one as much as I did. And so, without further delay,

...

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