TIP601: Junk to Gold by Billionaire Willis Johnson

  • Thread starter We Study Billionaires - The Investor’s Podcast
  • Start date
W

We Study Billionaires - The Investor’s Podcast

Guest
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




NEW TO THE SHOW?​




SPONSORS

Support our free podcast by supporting our sponsors:




HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm


Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Continue reading...
 

Similar threads

W
Replies
0
Views
21
We Study Billionaires - The Investor’s Podcast
W
W
Replies
0
Views
29
We Study Billionaires - The Investor’s Podcast
W
W
Replies
0
Views
66
We Study Billionaires - The Investor’s Podcast
W
W
Replies
0
Views
24
We Study Billionaires - The Investor’s Podcast
W
W
Replies
0
Views
20
We Study Billionaires - The Investor’s Podcast
W
Back
Top