Brad Jacobs - Think Big and Move Fast - [Invest Like the Best, REPLAY]

Invest Like the Best with Patrick O'Shaughnessy

Today, we are replaying my conversation with Brad Jacobs. Brad’s resumé is remarkable. He has founded seven companies, all of which are billion-dollar or multibillion-dollar businesses. He has done 500 M&A transactions and raised $30 billion dollars of debt and equity capital. Currently, he is the Executive Chairman of XPO, a commercial trucking company that he started in 2011 and has grown into one of the largest logistics businesses in the world. He has also written a book that will be out in January, titled “How to Make a Few Billion Dollars”. Brad’s energy is infectious and our conversation unpacks his strategies for M&A, his propensity for speed, and methods for earning team buy-in. Please enjoy my great conversation with Brad Jacobs.

Sign up for the Alphasense panel discussion hosted by Patrick.

For the full show notes, transcript, and links to mentioned content, check out the episode page here.

-----

This episode is brought to you by Ramp. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Ramp is the fastest growing FinTech company in history and it’s backed by more of my favorite past guests (at least 16 of them!) than probably any other company I’m aware of. It’s also notable that many best-in-class businesses use Ramp—companies like Airbnb, Anduril, and Shopify, as well as investors like Sequoia Capital and Vista Equity. They use Ramp to manage their spending, automate tedious financial processes, and reinvest saved dollars and hours into growth. At Colossus and Positive Sum, we use Ramp for exactly the same reason. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus.

–

This episode is brought to you by Alphasense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. AlphaSense provides access to over 300 million premium documents, including company filings, earnings reports, press releases, and more from public and private companies. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegas help you make smarter decisions faster.

-----

Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.

Follow us on Twitter: @patrick_oshag | @JoinColossus

Show Notes

(00:00:00) Welcome to Invest Like the Best

(00:07:11) Identifying key factors in a market before investing

(00:10:07) Gleaning insights from early acquisition experiences

(00:13:43) Delving into the seller's mindset during a business sale

(00:17:51) Weighing pre-built against organic growth strategies in acquisitions

(00:27:49) Engaging constructively with Wall Street

(00:29:36) Discussing the substantial buyback of XPO shares

(00:33:16) Ambition as a recurring theme in entrepreneurial success

(00:35:17) Emphasizing the need to facilitate team agility

(00:37:35) Highlighting the joys of post-acquisition integration

(00:41:09) Drawing lessons from Ludwig Jesselson's principles

(00:45:34) Comparing the risks and rewards of early versus late adoption

(00:49:09) Reflecting on errors made in trend analysis

(00:53:59) Strategies for implementing new technologies in enterprises

(00:56:59) The significance of thought experiments in strategic decision-making

(01:01:00) Recalling transformative events from his early years

(01: 02:22) Outlining what makes a meeting 'electric'

(01: 06:53) Sharing experiences with exemplary leadership

(01:12:37) Deciding the right time to step away from a business

(01:23:45) Philosophies for leading a fulfilling life

(01:27:53) The kindest thing anyone has ever done for Brad