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We Study Billionaires - The Investor’s Podcast Network

TIP223: Billionaire Michael Dell Lessons (Business 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

Topics on Today’s Show:

  • 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? 


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Transcript

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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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