Billionaire Memo
Painted portrait of Sam Zell Sam Zell · set in the movement 15 memos drawn
quoted verbatim

The Principals · Jewel XVIII of XXI

Sam Zell

Real estate billionaire, founder of Equity Group Investments.

Calibres
Am I Being Too Subtle?
Jewels set
15 memos drawn to date
Most recent
March 2026

Drawn from Zell

All memos →
Ref. 242 · deep dives

How 4 Billionaires Approach Negotiation and Deal-Making — And Where They Sharply Disagree

Made in America, Zero to One, How to Win at the Sport of Business, Am I Being Too Subtle

Power reserve 12 min
Ref. 114 · versus

Reed Hastings vs. Sam Zell: No Rules Culture vs. Straight-Talk Discipline

No Rules Rules, Am I Being Too Subtle

Power reserve 5 min
Ref. 235 · versus

Richard Branson vs. Sam Zell: Leap First vs. Look Hard

Losing My Virginity, Am I Being Too Subtle

Power reserve 5 min
Ref. 202 · Single Quotes

Sam Zell Built a Real Estate Empire by Saying What Everyone Else Was Too Polite to Say

Am I Being Too Subtle?

Power reserve 2 min
Ref. 210 · Single Quotes

Sam Zell’s Business Card Is a Cartoon — And It Tells You Everything About How He Operates

Am I Being Too Subtle?

Power reserve 2 min
Ref. 245 · quick takes

Sam Zell’s Case for Saying Exactly What You Mean

Am I Being Too Subtle?

Power reserve 1 min
Ref. 175 · quick takes

Sam Zell’s Business Card Is a Warning

Am I Being Too Subtle?

Power reserve 1 min
Ref. 254 · Single Quotes

Sam Zell’s One-Line Philosophy That Explains Every Deal He Ever Made

Am I Being Too Subtle?

Power reserve 2 min
Ref. 214 · Single Quotes

Sam Zell’s One Rule for Staying Honest in Business: Never Be Too Subtle

Am I Being Too Subtle?

Power reserve 2 min
Ref. 172 · quick takes

Sam Zell’s Rule: Never Apologize for Being Direct

Am I Being Too Subtle?

Power reserve 1 min
Ref. 98 · versus

Schwarzman vs. Zell: Pursuing Excellence vs. Embracing the Rebel Edge

What It Takes, Am I Being Too Subtle

Power reserve 5 min
Ref. 212 · deep dives

What 4 Billionaires Really Mean When They Talk About Company Culture

Pour Your Heart Into It, Am I Being Too Subtle, Call Me Ted, Principles: Life and Work

Power reserve 12 min

Their calibres in the library

Cal. 001 Am I Being Too Subtle? 8 memos drawn

The next Zell memo arrives on a Tuesday

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