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We Study Billionaires - The Investor’s Podcast Network

TIP 096 : Billionaire Phil Knight & Nike - Shoe Dog (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 24 July 2016

⏱️ 54 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

  • Who is Phil Knight?
  • What is the story behind Nike?
  • What led to Nike’s success?
  • What made Phil Knight a billionaire?


BOOKS AND RESOURCES


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Transcript

Click on a timestamp to play from that location

0:00.0

We study billionaires and this is episode 96 of the Investors Podcast.

0:06.0

Broadcasting from Bel Air, Maryland. This is the Investors Podcast.

0:14.0

They'll read the books and summarize the lessons. They'll test the waters, tell you what it's called.

0:19.0

They'll give you actionable investing strategies.

0:23.0

Your host Preston Pish and Stig Broderson.

0:30.0

Hey, hey, hey, how's everybody doing out there? This is Preston Pish and I'm your host for the Investors Podcast.

0:35.0

And as usual, I'm a company by my co-host Stig Broderson, out in Denmark.

0:39.0

And today we've got a book for you. And this was a book that we thoroughly enjoyed.

0:44.0

And we're excited to talk about this one because this just was released recently in April of 2016.

0:51.0

And it's by the billionaire Phil Knight.

0:54.0

So if you don't know who Phil Knight is, it's because Phil isn't really a guy that goes around talking about his business or is just a really well-known billionaire.

1:06.0

Even though his net worth is $28.1 billion.

1:10.0

For those of you out there that know who Phil Knight is, he's the founder of Nike.

1:14.0

And so this book was really exciting for me to read simply because Phil took a completely different turn than most people when they write kind of their memoir.

1:24.0

And this book was written by Phil, which was just awesome because a lot of the times you can tell that it's not necessarily written by the person that's they get a ghostwriter or whatever.

1:33.0

But you can tell he wrote this book.

1:35.0

And so what's so awesome about the book that I really liked is he tells the story about the start of the business.

1:43.0

He goes back to the early 1960s when he was just starting as a student in Oregon and talks about the entire experience as if he's like reliving it.

1:55.0

And most of the book is all about the start of Nike and kind of getting to that point where they really started producing a lot of sales and had some big numbers.

2:04.0

And the whole process that led up to it, a book that kind of comes to mind was the one about Boone Pickens.

2:09.0

You know, I thoroughly dislike that book. It was not a good book and sticks not in his head.

2:14.0

That was good.

...

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