Never one to pull punches, Equity LifeStyle Properties Chairman Sam Zell, out promoting his new book “Am I Being Too Subtle,” shared some handy words of wisdom.
According to Business Insider, when it comes to getting to know people, Zell is all about movement.
“Today I could probably get just about anybody to come to my office for a meeting, but that wouldn’t tell me much,” writes Zell in his new book.
“Instead, I spend over a thousand hours a year on my plane traveling around the world to meet with people. I want to see what they are like on their home court; how they treat their people and the examples they set. ”
Speaking at an Entrepreneur 360 event, Zell talked about how being a contrarian is the way to go.
“So from my perspective, I’ve never allowed conventional wisdom or other people’s to intimidate me or change my views,” said Zell.
“There are guys down at Wrigley Field that get paid $35 million a year to get a hit one out of three times. So, I only try to be right 60 or 70 percent of the time. The real challenge is when you’re wrong, you’ve calibrated the risk so you can survive to play the next day.”
Zell on the Economy
Last week, Zell spoke frankly about the economy, both before and after President Donald Trump was elected.
“Obama’s $787 billion American Recovery and Reinvestment Act of 2009 was a ‘half-ass-d stimulus bill,’” said Zell on CNBC.
Zell also disagreed with comments from Warren Buffett, who claimed that the Republican bill to replace Obamacare would “cut the hell out of taxes” for the rich if the measure were to make it through the Senate without any changes.
“The GOP approach to health care on taxes is not for the rich or the poor,” said Zell.
“It balances out the system.”
Zell, who wasn’t a fan of the Obama Administration stimulus plan of 2009, he sees a different opportunity for the Trump Administration.
“I think President Trump has a similar stimulus opportunity but without the debt because he can achieve that goal by deregulation,” said Zell.
Zell and Others “Double Down” on Manufactured Housing
As Daily Business News readers are aware, leaders in business, including Zell, clearly understand the significant business opportunity in manufactured housing.
Warren Buffet and Berkshire Hathaway, which owns Clayton Homes, and independents such as John Bostick with Sunshine Homes are “doubling down” on the industry, with Bostick famously saying “We have an almost unlimited capacity to expand production.”
ELS and Berkshire Hathaway are also two of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here. ##
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