Richard Baker
speaker
1,143 appearances
2 recordings
2 series
first heard May 2026
last heard 7 Jul
Richard Baker’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
I didn't negotiate with them.
Sometimes, Jen, you have to use the power of yes.
Yes is a really powerful thing when you use it the right way.
So I made a deal with this fellow to buy this chain for $1.2 billion, and now
Because I believe the real estate was worth $500 million more than the $1.2 billion.
So real estate is not an efficient business category.
When you buy IBM stock, everyone pays the same price for IBM stock every day.
But real estate is very inefficient.
No one knows what one piece of property is worth.
And some people have a great skill of understanding and some people don't.
And you have to be bold sometimes and go with your gut and make it happen when you know.
And some people will never know and they shouldn't play.
But I knew and felt confident and had conviction that the value of the real estate assets at Lord & Taylor were worth $500 million more than the $1.2 billion.
Based on a seven months of analysis that I did prior to going in and talking to this fellow where I went and evaluated every property, being the guy who developed Walmart centers and target and knew about JC pennies and all these different retailers.
I had a very good understanding of what these properties were worth.
Because it was a big company and they told their shareholders they were going to sell it for $1.2 billion.
They weren't going to sell it for less.
The other people who were bidding on it were people who were bidding on an operating company.
I didn't look at it as an operating company.
I was bidding on it as real estate.
Showing 201–220 of 1,143 · page 11 of 58
← Previous
Next →