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Brad Jacobs

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1196 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

But back then, it was the equivalent of today, $200,000.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

And I said, we need to get in this game.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

And I went out and I bought a lot of barricade companies and cone rentals and striping and all those things that are orange on the highway of doing reconstruction, bridges and tunnels.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

And I said, I'm going to be like the big equipment rental guy, this burgeoning trend of the government refixing all the roads around the country, the infrastructure.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

And of course, as governments often do, they didn't spend the $600 billion.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

They spent a much smaller fraction of it.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

And it didn't go to companies like United Rentals for the large part.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

So it just didn't work.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

I ended up getting out of the business because it turned out to be a lousy business.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

And I resold it for a half a billion dollar loss.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

So sometimes you spot a trend and get all excited about it and act on it.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

It's not a real trend.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

That's an example of that.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

You got to be careful that you don't have false trends.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

So you'll notice the very beginning of the book, I have the acknowledgement section.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

And usually in the acknowledgement section, you thank your manager and your publicist and your publisher and your wife and God, whatever.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

And they're pretty much all the same.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

And I said, I don't want to waste the reader's time, do some boring thing.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

I tried not to put anything silly in the book.

Invest Like the Best with Patrick O'Shaughnessy
Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, CLASSICS]

I tried to be snappy.