TIP601: Junk to Gold by Billionaire Willis Johnson

We Study Billionaires - The Investor’s Podcast Network

محتوای ارائه شده توسط Stig Brodersen and The Investor's Podcast Network. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Stig Brodersen and The Investor's Podcast Network یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

1+ y ago 1:24:24

MP3•خانه قسمت

On today’s episode, Clay shares his biggest takeaways from reading billionaire Willis Johnson’s book – Junk to Gold.

Willis Johnson founded Copart in 1982, and today he is worth over $2.6 billion through his equity ownership in the company.

Copart is one of the most impressive businesses we’ve studied. Over the past 30 years, the stock has compounded at over 21% per year, outperforming Microsoft, Adobe, and the majority of other stocks.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

08:15 - The key experiences in Willis Johnson’s early life that shaped him.

12:18 - How Willis thought about money and building a business.

14:44 - Willis’s experience fighting in the Vietnam War.

24:51 - What he learned from chasing his dreams and building a successful company.

42:08 - The story of Jay Adair dropping out of college to work with Copart.

45:24 - How Willis sold Wall Street on lending him money to grow and take his company public.

52:01 - What sets Copart apart from the majority of other companies that exist.

54:19 - How Copart strategically utilized technology to grow its business.

01:14:09 - Copart’s four major competitive advantages.

Disclaimer: Slight discrepancies in the timestamps 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, Kyle, and the other community members.
Leandro’s blog: Best Anchor Stocks.
Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected].
Episode Mentioned: TIP593: Elon Musk by Walter Isaacson | YouTube Video.
Episode Mentioned: TIP549: 2 High-Quality Compounders | YouTube Video.
Follow Clay on Twitter.
Check out the books mentioned in the podcast here.

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