The Jacor story was all about seeing micro opportunities in… - Sam Zell

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The Jacor story was all about seeing micro opportunities in macro events. In this case, the macro event was legislation similar to the impact of the Economic Recovery Tax Act of 1981 on NOLs. But I find implications for opportunity everywhere — in world events, economic news, and conversations. I’ve always been on the lookout for big-picture influencers and anomalies that will direct the course of industries and companies.

Sam Zell

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There’s a line from an old movie, Wheeler Dealers: “You don’t go wheeling and dealing for the money, you do it for fun. Money’s just a way of keeping score.” And that’s how I see it. I’ve always been much more drawn to the experience.

when people live in a balloon, they tend to shy away from the guy holding the needle.

My takeaway was a whole new respect for simplicity. Development required multiple steps, and every step meant one more chance for something to go wrong.

The Jacor story was all about seeing micro opportunities in macro events. In this case, the macro event was legislation similar to the impact of the … - Sam Zell

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