TIP366: Billion Dollar Loser w/ Reeves Wiedeman

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

Stig Brodersen

Investing, Education, Business

4.6 • 3.6K Ratings

🗓️ 1 August 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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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 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Reeves Wiedeman’s book, Billion Dollar Loser – Read reviews of this book. 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! 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Transcript

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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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