Stan Ricks: How To See Opportunity Where Others See Disaster

Casey Baugh sits down with investor and serial entrepreneur Stan Ricks to unpack a lifetime of hard-won wisdom. From navigating the 2008 housing crash to hitchhiking across Africa, Stan’s story is a masterclass in resilience, risk-taking, and long-term thinking.Learn how integrity, relationships, and adaptability built a career that thrived through multiple economic cycles. Stan offers real-world insights into investing, entrepreneurship, and what it takes to lead through chaos with courage and clarity.Whether you’re an aspiring entrepreneur, seasoned investor, or simply navigating uncertain times—this episode delivers.Chapters:00:00 – 02:09 | Introduction & Early Influence - Casey introduces Stan as a mentor and lifelong inspiration - Stan reflects on how his early relationship with Casey began during tough personal times02:09 – 04:44 | From Financial Planner to Real Estate Developer - Stan starts in financial planning in 1981 - Shares disillusionment with commission-driven models and pivot to real estate04:44 – 07:48 | Why Control Matters in Investing - Explains his shift to development for greater investor accountability - Highlights key lessons from the 1987 crash and savings & loan crisis07:48 – 10:42 | Managing Partnerships & Teaching at BYU - What makes a good (and bad) business partner - His 12-year teaching stint and its unexpected long-term rewards10:42 – 12:27 | Real Estate: Time Heals Most Mistakes - Why staying power is crucial in real estate - The long-term upside of inflation and patience12:27 – 18:04 | Africa, River Guiding & Facing the Unknown - Hitchhiking 5,000 miles through Africa - Lessons in survival, leadership, and risk tolerance18:04 – 23:28 | 2008 Crash: The Darkest Days - How Trophy Homes collapsed during the housing crisis - Facing insurmountable obstacles and the emotional toll23:28 – 27:22 | Buying Back Notes & Contrarian Investing - How Stan repurchased distressed assets for pennies on the dollar - Embracing fear as a signal to invest wisely27:22 – 34:33 | Turning Crisis Into a Business Model - Launching Sundance Bay and buying foreclosed homes - Building a private debt fund during a credit freeze34:33 – 38:23 | From Single-Family to Apartments to Debt Fund - Transitioning from flips to long-term holds - Scaling Sundance Bay’s lending platform to over $900M38:23 – 44:38 | Spotting Hidden Value: Office & Apartments - The Vivint building deal and importance of timing - Why relationships are the gateway to opportunity44:38 – 49:54 | Relationships Over Transactions - Building trust in good and bad times - How doing the right thing leads to long-term success49:54 – 55:57 | Money as a Tool for Good - Business as a spiritual game - Why loving people beats loving money every time55:57 – 59:15 | A Case Study in Integrity: BlackRock Deal - Helping a bank through a foreclosure earns him future trust - Lending $150K that catalyzed 15+ successful deals59:15 – 01:04:02 | Parenting, Memories & Teaching Resilience - Adventures with his children build bonds and grit - Why experiences matter more than things01:04:02 – 01:09:08 | Legacy, Seasons of Life & Final Wisdom - Teaching by example through transparency and effort - Why the later years can be the most impactful of all Hosted on Acast. See acast.com/privacy for more information.

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