TIP366: Billion Dollar Loser w/ Reeves Wiedeman

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 1 August 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stig Brodersen speaks with Reeves Wiedeman and learns the unfiltered story of The Rise and Fall of WeWork and co-founder Adam Neumann.

IN THIS EPISODE, YOU'LL LEARN:

(04:12) How WeWork got started
(19:53) How WeWork tried becoming a tech company with a 16-year-old Director of IT
(27:29) How Softbank made a $4.4B investment in WeWork on a napkin
(35:08) Whether or not CEO Adam Neumann was a true believer of a con artist
(37:07) How WeWork went from a $96B valuation to single digits in a matter of weeks.
(40:28) Why Adam Neumann was ousted from his own company

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES:

Reeves Wiedeman’s book, Billion Dollar Loser – Read reviews of this book
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Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:31.0	You're listening to THE Investors Podcast.
0:34.0	Where we study the financial markets
0:36.0	and read the books that influence self-made billionaires the most.
0:39.0	We keep you informed and prepared for the unexpected.
0:51.0	Hey, hey, hey, you're listening to THE Investors Podcast
0:54.0	and I'm your host, Dick Brodison.
0:56.0	And I'm here with Reeves Weedermann.
0:58.0	First of all, Reeves, thank you for taking the time out of your business schedule
1:01.0	to speak with me here today about your wonderful book.
1:04.0	It's a story that the world needs to know.
1:06.0	Thank you.
1:07.0	Thank you for having me and thank you for saying that.
1:09.0	I'm excited to talk about it.
1:12.0	So, Reeves, you start your story about Adam Neumann
1:15.0	and we work with a quote from his old high school driver instructor
1:18.0	saying that either Adam will end up in jail or he'll become a millionaire.
1:23.0	With that said, the story of the rise and fall of Weedermann
1:26.0	is very much also the rise and fall of Adam Neumann.
1:29.0	So, he said to himself, I am Weedermann.
1:32.0	Who is Adam Neumann?
1:35.0	Adam Neumann is a group in Israel,
	...

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