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The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network

TIP223: Billionaire Michael Dell Lessons (Business Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 30 December 2018

⏱️ 44 minutes

🧾️ Download transcript

Summary

On today’s show, Preston and Stig learn important lessons from billionaire Michael Dell. IN THIS EPISODE YOU’LL LEARN: The story behind starting up Dell.  Why a negative cash conversion cycle is key for the growth of any business. How Michael Dell created a strategy for rapid growth. Which challenges Michael Dell had and how he overcame them.  Ask the Investors: How do you find a co-founder, and how did Preston and Stig meet?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Preston and Stig’s first website, BuffettsBooks.com. Geoffrey Moore’s book, Inside the Tornado – Read reviews of this book. Subscribe to Preston and Stig’s free Intrinsic Value Assessments Tobias Carlisle’s article about shorting the market Tobias Carlisle’s book, The Acquirer’s Multiple – read reviews of this book Tobias Carlisle’s Acquirer’s Multiple stock screener: AcquirersMultiple.com  Hari’s Blog:BitsBusiness.com. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. 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: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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 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 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. 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Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.9

On today's show, we talk about the billionaire founder of Dell Computers, Michael Dell.

0:07.7

As you'll learn on the show, Mr. Dell started his company out of his college dorm room and

0:11.9

now has a personal net worth of over $28 billion.

0:15.7

During the show, we talk about how he built his company and the things he learned along

0:19.0

the way.

0:20.0

We cover his company's rocket ship like growth and we also talk about some of the struggles

0:24.1

that he had to overcome to achieve such enormous business success.

0:27.9

So without further delay, here's our discussion on billionaire Michael Dell.

0:35.5

You are listening to the Investors podcast where we study the financial markets and read

0:40.6

the books that influence self-made billionaires the most.

0:43.8

We keep you informed and prepared for the unexpected.

0:55.4

All right, welcome to the Investors podcast.

0:57.4

As usual, I'm accompanied by my co-host, Stig Brodersen.

0:59.8

My name is Preston Pish.

1:01.1

Like we said in the introduction, we're going to be covering Michael Dell.

1:04.4

And so we're just going to jump straight into the questions.

1:07.1

Mr. Dell was asked, what was the story behind starting up Dell?

1:10.9

This was his response.

1:12.8

When I was freshman at the University of Texas, I was going to school at every intention

1:17.6

of going to school.

1:19.6

And I was kind of playing around with this as a hobby while I was going to school.

...

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