I like Tilman because he's actually involved and cares. Les was just a New Yorker that never paid the tax and spoke about the team once a year
I bought the kindle version to "hate-read" at work. I began scanning through on my breaks about an hour and a half ago, just five minutes here, 3 minuts there, and I'm already on page 144 of 172! No, this is not me bragging about my reading speed...holy hell this book is short, and must be written in like size 72 font. Every time I "turn the page" on my web browser, it counts as 8 pages in the actual book. Oh and by the way its awful. Trite, obvious, unsophisticated, broad to the point of uselessness (i.e. focus on improving your weaknesses, but don't forget to build on your strengths).
Assumption of being broke. You are part of the typical internet. And it seems his book is being judged mostly and not him personally.
Judging by the condescending title of the book and comments here seems like a hash of ideas already presented in other books, just reworded for the simpletons. Rules of the business world are simple, mastery in a field of work, never reveal your playbook and always stay a step ahead of the game than others. So why would Fretitta reveal any of the strategies that he has learned through hard work and that has made him so rich? Not discouraging his effort to write a book (probably mostly written by a ghostwriter) but you might be better off using the time to master a skill or trade instead.
https://www.chron.com/business/retail/article/Tilman-Feritta-to-acquire-Del-Frisco-s-14465876.php the summer of big splashes continues for Tilly
Most important, he said that he cares most about team value, and not the cost to run the operation. Liked. I hope he has more conversations with Crane about this. This is exactly how you do it and how you've gotta think about it.
I've decided I don't like Tilman. It's just a general, amorphous dislike and not a searing hatred like I still carry for Bud Adams, may he rot in hell.
Two years ago, Fertitta made another highlight-reel acquisition. When his hometown NBA Houston Rockets became available, he directed Landry's to write him a dividend check for $1.7 billion so he could fulfill a lifelong dream and buy the team. He'd been a season-ticket holder for 40 years and at one point a minority owner. The price tag: $2.2 billion. To clinch the deal, he made a down payment of $100 million to then-Rockets owner Leslie Alexander. "I told him, 'If I can't close, the money is yours,' " Fertitta says. He closed in 50 days, an NBA record for a franchise transfer. The price was an NBA record too. Told that he might have overspent by a couple hundred million, Fertitta's response was: "What's $200 million in 10 or 20 years?" He meant that the value of a modern NBA franchise goes in one direction--up. (The Brooklyn Nets just changed hands for $2.35 billion.) [...] Last summer, Fertitta made another seemingly risky decision. His Rockets traded away all-star guard Chris Paul and committed to spend $207 million for the contract of Oklahoma City's all-world guard Russell Westbrook, who will serve as an on-court partner for Houston's all-universe guard James Harden. "The basketball people wanted to do it and I approved. Pretty simple," he says. "They know how important it is for me to win." The trade rocked the NBA, but Fertitta says absorbing Westbrook's contract was a smart risk. Because of NBA open-book policies, he knows the player budget of every team and the salary of every player--which makes life easy for a numbers guy like him. "This is what an entrepreneur does," he says. "Every business stands on its own, and you can't get caught up in the noise." In an era when decisions by stars about where they'll play can decide championships, the owner is becoming another player. "Smart free agents are picking owners now," says Rockets GM Daryl Morey. "And Russell picked Tilman." Fertitta isn't planning to retire anytime soon, but he won't be making these decisions forever. Son Patrick is clearly in the succession line, and his three siblings have always known they'd be joining the firm. Patrick's older brother, Michael, 27, is finishing law school, while younger sister Blayne, 22, and brother Blake, 19, are still undergrads. Unlike their father, they will finish college before they go to work. "From an early age, not only did he encourage us to get involved in the business, but it was expected. It was demanded," says Patrick. And they will likely have more on their plates. Fertitta described the Rockets purchase as generational, a platform for the future that could easily include more teams. With one casino brand and just five locations--and an industry in constant churn--there is clearly room to add. Fertitta Entertainment could even become a public company again and shift some of the risk to shareholders. Not that Fertitta is afraid of risk. Fearlessness is in the job description for empire builders. It's recklessness that can destroy them. Fertitta has found his fortune by understanding the difference.
