TIP223: LESSONS LEARNED
FROM BILLIONAIRE MICHAEL DELL
29 December 2018
On today’s show, we talked about the billionaire Founder of Dell Computers, Michael Dell. As you’ll learn on the show, Mr. Dell started his company out of his college dorm room and now has a personal net worth of over $28 billion.
IN THIS EPISODE, YOU’LL LEARN:
- 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?
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 talked about the billionaire Founder of Dell Computers, Michael Dell. As you’ll learn on the show, Mr. Dell started his company out of his college dorm room and now has a personal net worth of over $28 billion.
During the show, we talked about how he built his company and the things he learned along the way. We cover his company’s rocket ship-like growth. We also talk about some of the struggles that he had to overcome to achieve such enormous business success. Without further delay, here’s our discussion on billionaire Michael Dell.
Intro 0:35
You are listening to The Investor’s Podcast where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
Preston Pysh 0:55
All right, welcome to The Investor’s Podcast. As usual, I’m accompanied by my co-host Stig Brodersen. My name is Preston Pysh. Like we said in the introduction, we’re going to be covering Michael Dell. We’re just going to jump straight into the questions.
Mr. Dell was asked what was the story behind starting up Dell. This was his response.
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BOOKS AND RESOURCES
- Preston and Stig’s first website, BuffettsBooks.com.
- Geoffrey Moore’s book, Inside the Tornado – Read reviews of this book.
- Preston and Stig’s free resource, Intrinsic Value Index
- Preston and Stig’s Intrinsic Value Assessment of Fonar that was discussed in this episode.
- Subscribe to Preston and Stig’s free Intrinsic Value Assessments.
- Tobias Carlisle’s article aboutshorting the market.
- Tobias Carlisle’s book, The Acquirer’s Multiple – read reviews of this book.
- Tobias Carlisle’s Acquirer’s Multiple stock screener: AcquirersMultiple.com
- Hari’s Blog:BitsBusiness.com
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