IN THIS EPISODE, YOU’LL LEARN:

• How to deal with critique and search for the truth.
• How the very early years of a person’s life might greatly impact their personality and approach to solving problems.
• Why Apple might not have been the Apple we know today without Larry Ellison.
• The Investor’s Podcast: What is the difference between Warren Buffett’s Owner Earning and EBITDA.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Preston Pysh  0:02  

On today’s show, we talk about billionaire Larry Ellison. Larry Ellison is the fifth wealthiest person in the United States with a net worth of $54 billion in 2019. He started his first company in 1977, with only $1200 of his own money at the age of 33. Since that time, he has transformed and built Oracle into a $184 billion company. 

Of the people we talked about on the show, Larry’s personality is quite different. It’s extremely aggressive and he comes across with this winner takes all mentality. 

During our discussion on the show, we highlight a few of the characteristics that we think are beneficial to the members of the TIP community and some important business lessons that they can gain from Mr. Ellison’s opinions. Without further delay, here’s our coverage of Mr. Larry Ellison.

Intro  0:52  

You are listening to The Investor’s Podcast where we study the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected.

Preston Pysh  1:13  

Hey, everyone, welcome to the show. I’m your host Preston Pysh. As always, I’m accompanied by my co-host, Stig Brodersen. Like we said in the introduction, we’ll be talking about Larry Ellison today. 

Before we play any questions and answers, I quickly want to provide a little bit of an overview of Mr. Ellison. You’ll hear in some of the Q&As that Larry is a fighter. He’s a person who really questions all forms of authority and the status quo. In fact, I think many might even suggest that he bucks the system simply to buck the system and to fight back at any opportunity that he has. 

Later in the show, you’ll learn why that’s part of his personality. 

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BOOKS AND RESOURCES

• Preston’s video about Owner’s Earnings.

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