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Gillian Zoe Segal

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2015-04-19
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2015-04-19
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  1. It is. It really is. Problem with mine is if I put it out on our coffee table, A, my son would probably throw it all over the place because he's two. But everyone else who would look at this, they would see that the whole thing is yellow because I have the whole thing highlighted with all the different quotes and things that were in here. So Jillian. Yeah, no, it was really good. So Jillian, great to have you on the show. Thank you so much for being with us and for our audience out there. We'll see you guys next week. We're going to skip over the question this week. But next week we'll have the question from our audience. And if you want to submit a question to our show that could potentially get played on a future show, go to asktheinvestors.com and you can record your question there. So I'd like to thank everybody for joining us and we'll see you guys next week.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  2. It's not a big investment. It's a great coffee table book, too, because if somebody's sitting there, they can read the Warren Buffett story in not a real short amount of time, but it's just enough that you really get the essence of what he's talking about. And that's what I liked was everything's very compact and you really get the essence of each of the books.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  3. Persistent. And if I create my own business or I'm an entrepreneur, and if I push back against what other people are telling me that I might be or not be, and so I'll tell you, for our audience, this is a book that I am heavily promoting, and I'm doing that for a reason is because after you read this, you're going to be just so much more enlightened as to what it is that you've got to do in your life in order to take it to the next level, whatever your ambitions are, you're going to find it in this book. The name of the book is getting there. We'll have a link to the book in our show notes. So if you guys can't remember if you're driving into work or whatever, just go to our show notes. We'll have a link there where you can go to Amazon and find it. Jillene, did you have any other places that you want to hand people off to?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  4. So, Jillian, I'm going to throw this out there, and I know that I'm probably going to embarrass you when I do this. And I'm not just saying this because you're on the show, but this book was truly inspirational. Whenever I read this book and I was going through each one of these stories, that's really what I got out of this. This was a book of inspiration as you're reading this because each one of these enormously successful people aren't talking about all the things that they necessarily did right to get to where they're at. They talked about their struggles and their hardships and how they are so human. And I think that that's a tribute to your writing and your writing style in the book is everyone came across as so human and you can really empathize with them even though they're these countless people and they're billionaires. You can really empathize with each one of these people. And it's an inspiration for me and for Stig and for anybody else that reads this to know that, hey, these people are just like me and I can achieve at this level if I stay.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  5. Mindful of the fact that the longer you stay in that role and what people were saying that you are, the more likely it is that you might become that.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  6. I really like the point with the Anderson Cooper that you're saying so many people get a job and they're told that they're a fact checker or they're told that they're a whatever and once they're told that they kind of believe it maybe they still have aspirations but the longer that they stay in that role like if he understand Cooper stayed in that role as a fact checker for five years he might still be a fact checker today but maybe working for a different company because he had it ingrained and beat into his head that that's what maybe some other person thought that he was a fact checker. But if you stay in that role for too long and you might actually start to believe that you are a fact checker even though you might not be and I think it's really important for people to stand up for what you think you are and just because other people were telling you that you are a fact checker you need to go out there and create your own destiny and push back and be mindful.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  7. And during this time, he wasn't on contract with this little high school news company. He just basically said, you know what? I'm not a fact checker. I am going to be on the show. And he just up and left, like, basically quit his job completely, goes over there, is paying on his own dime to shoot this stuff with his own little handheld cam recorder. And then he's sending these videos back and he's saying, hey, will you buy this from me?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  8. Tragedy. And To see how they did it, which is why He has been To different war torn countries and being Around these people because you can really identify with them. Thing about him Is you would think that Because of His family's wealth and connections that he will gotten an in on connections but the Is that he could After he College and he went to Yale so it wasn't even like you know he School A wealthy family, but still he couldn't get an So

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  9. It talks about, and I'm just going to give a quick thing here, so he definitely was not your typical case. Specifically, his brother's suicide and his father's death played a huge role in his achievement and how it basically flushed out any fear that he had in his life to be able to do some of the things that he did. Can you tell our audience a little bit about his story and some of those finer points? Well, yes.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  10. I want to ask this one, and this will be our last one, Jillian. Well, actually, Stig got one after this, and he's going to ask that we ask everybody and we want to make sure we ask that. But the question that I got for you really relates to your interview with Anderson Cooper, because I found this interview with him really fascinating, and it really kind of, I had a preconceived notion about Anderson Cooper. I thought because he came out of the Vanderbilt family that he had all these connections, and that's how he landed his position at CNN. And he was just, he was basically from the family in the background that had all the connections for him to get to where he's at. That was my preconceived notion. But then after I read this interview that you had in your book, I was floored at what I was reading and how he got his start and how.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  11. I want to highlight too that. Jillian talked about how Buffett had this Dale Carnegie certificate in his office. He does not have, from my understanding, and you can correct me if I'm wrong, but he does not have His diploma from Columbia or anything else hanging on the wall. It's just that certificate and then a picture of his dad. Is that right? Well, I think he probably has some other pictures and things, but he has no no other degrees or anything. That's it. No business school, no college, nothing.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  12. These skills is being a persuasive communicator. That's Mark Cuban's biggest point in his book that he wrote is he, if you're a person who came out of sales, he immediately likes you because that's kind of where he got his start was in sales and he just can't stress the importance of that enough.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  13. Success than any other degree he has because it Communication skills and what's What business you're in is getting other people to follow your ideas. So if you're a salesman, People to What you're telling them to buy. Them to follow your ideas and business, whatever it is. You know, if you're making a To convince people to be in the book. You want to present it well. If you're looking for investors for your company, same thing. So anyway, he talks about the importance of this, and I think that That education in school can really help this. But so many Other things, Ken. I'll tell you one thing that is one of the most Surprising things I learned in doing this book In sales for giving them the skills they needed for their ultimate success.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  14. Jillian, tell the people what you wrote in the book about what he has on the wall, what diploma he has on the wall, and in reference to what your comment you just made. Okay, well, up until the age of 20, Warren Buffett was petrified of public speaking. And when I say that, I mean, he would literally throw up at the thought of having to get up in front of a crowd and say anything. So he arranged his whole life so he would never be in this situation. If there was a class in business school or something, he just wouldn't take it if that was part of it. So he one day forced himself to sign up for the Dale Carnegie Public Speaking School. And he has the certificate from Class on his wall, and he says that Certificate has had

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  15. He created Berkshire Hathaway, and for anyone who knows the history of Berkshire Hathaway, it was a textile business. It was on the verge of going bankrupt. Then he came in and created it into what it is today. It's amazing what he's accomplished with it. But every one of these people created something very unique in whatever their field is. And that's why they've risen to the top. And one thing, a lot of people in the book, we were kind of bashing the education system, but everybody in this book would say that education is really important. And one of the things that Warren Buffett thinks is the most important skill a person can have is good communication skills, both in writing and in your speech. There's a lot of ways to learn that, but certainly in my case, I learned a lot of that in school and in law school, you know.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  16. Of them are creators. That's the thing. They're not. They're all creating something very big. Like some might argue that Warren Buffett didn't create anything. He's just an investor. I would totally disagree with that. I mean, he's a person who is creating.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  17. It seems like they all have a story like that. They all seem like they've had that person in their life that says, You're going to be horrible at this. You need to stop doing it.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  18. Preconceived notions of what you think the truth is. And you really try to understand maybe your opponent's point of view, who has a completely different opinion, and you really try to immerse yourself in their vantage point. It's amazing how much truth and light just illuminates from that.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  19. It's a function of comfort. So, a lot of people do something and they get good at it. Like it says, you're there with your right hand and you're so good at it you can close your eyes and they get comfortable. And unfortunately for a lot of people, they lose sight of all the other things that are out there that they could potentially do and be successful at because they never try because they never step out of that comfort zone. Something else that I that I really took away from that quote, Jillian, was And recently in my life, I've come to realize that the more vantage points that I can see something from, the more truth illuminates. And I think that with her quote there, she's talking about if you only see something from the right hand and you only do it the one way your whole life, your ability to see all the other people's vantage points on maybe that particular issue are completely blinded. It's like the curtains are closed. But whenever you have the ability to step out of your own maybe

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  20. So, you know what? Let's transition into a different person that really was something that this lady said in your interview that just blew my mind and I really liked it. And her expertise was she was a very famous artist. Her name is Marina Abramovic. And she had this quote where she had this professor in college whenever she was learning how to be an artist. And she said, in postgraduate school, I had a special professor who told me something I will never forget. He said, if you draw with your right hand and become so skilled that you can even close your eyes and make any kind of a drawing, immediately change to your left hand. And then she said, repetition will kill you. Can you explain this conversation to our audience and maybe add some more context to this? Because I found this very, I love this quote. This is probably one of my favorite quotes in the whole book.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  21. How old was he at this point? Because for me, most people, if they don't start going down that path by, you know, like 25, 30, the amount of friction involved in achieving what he's achieved is very difficult. But he sounds like he was kind of at that age. He was maybe in his late 20s when this happened.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  22. I don't even know how that's. And that's just crazy to me how somebody could. Keep going. I don't want to interrupt you. I'm floored by that

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  23. Jillian, are they designing just different medicines around the fact that they understand how the DNA is constructed? Is that what you mean by that?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  24. Hey, and just so our audience knows. So Jillian lives in Manhattan, so you heard a little bit of the noise there in the background. But Stick, do you got the next question?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  25. And so the reason he had the four different kinds of tea and coffee is because, and you talk about this in the book, whenever he'd go in and he'd say, hey, you want a coffee? And the person would say, no, I don't drink coffee. And he goes, well, I've got a tea. You want tea? And he'd just, he had every option available. He had it completely mapped out so that there was no way they could back out of the request.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  26. So Michael Bloomberg attributes his success to a lot of his success, not all of it, but a lot of his success to being an early riser. So he has a really funny story in your book where he's talking about coffee and tea. And can you tell that story to our audience? Because I think they'll really eat it up.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  27. George Soros is real big on saying that as well, where he says that he's very good at knowing whenever he's wrong and he attributes most of his success to the fact that he can attribute that. But that's just a side note.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  28. Whatever it is, you need to listen to this tale and this story of her persistence to go out and just find these interviews with people that most people, to even get one interview with these people would be, you know, might somebody might try one to five times and they wouldn't get it and then there'd just be the whole book would be done, you know, don't you've got to stay persistent and you've got to stay consistent. You got to do the same thing. You got to be very systematic in the way you do things. And if you do that time and time again, it's amazing what will come your way and how it'll lead you to that goal that you have. So just an incredible story. I think more towards you, Jillian than anything else. Be able to land all this.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  29. So, and here's the real message for the audience because I don't think everybody out there is going to be trying to write a book with all these different celebrities in it. The key point for you who's listening to this is if, say, there's a job you want to go get, or let's say that there's something that you're really desiring and there's these gatekeepers or there's something in your way.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  30. But the key is there's a lot of ways to get in. And I think that that's what you're really getting at with your analogy people just try the front door. And typically that's the hardest one to get in. So, you know, stay persistent and get creative with the way that you're going to approach it.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  31. So, this is a story of persistence. If there's one thing to take away from the first story with Sarah Blakely and then the story with Jillian getting the interview with Warren is it's all about being persistent. You heard her say, I already asked and I was denied. Well, so 99% of the people out there would say, well, he's inaccessible. I can knock in an interview with Warren Buffett because I tried, I asked, and they said no. But you know what? You just kept at it. And I think that that's the biggest key. And I think, you know, when you go through all the interviews in your book, that's one of the main themes that I saw was these people are persistent. They do not take no for an answer. They just keep at it. And it's, you know, it's a fantastic point and it's really representative of yourself as well, Jillian.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  32. But she went on. I mean, it was totally off the cuff from reading this in the book. It was amazing because you talk about how hard it was to get into one of these interviews, but then she just had this opportunity where she had a buyer and she just takes him into the bathroom and it was just like so off the cuff and she pulled off the move of all moves. It was just like life-changing, you know?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  33. Absolutely Okay, so I got a question off the cuff here. So one of the people that you interviewed was Sarah Blakely, who's the billionaire that founded Spanks. And I recently saw that you wrote an article, how you landed your interview with Warren Buffett based on some of the advice that Sarah gave you. So can you talk to our audience a little bit about that?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  34. Yeah, I mean, his direct companies that he owns operationally owns, I want to say is close to 70 businesses. I mean, that's just crazy when you think about it. And then you're not even talking about the non-operational subsidiaries like Coke and IBM and some of those other ones that he's, you know, he's actively involved in, but he's not, you know, managing because it's just a passive role.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  35. Know, I really like that point because I see so many leaders have this zero defect environment that they try to, that no one can make a mistake. And if you make a mistake, you're done. I mean, you really see that a lot in large organizations, robust organizations, that there's this zero defect environment. And I think that you're actually setting a standard for people to lie to you, for people to tell you whatever in the world it is that you want to hear opposed to what the truth actually is. And so when you see somebody like Buffett sitting up there at the very top of such a large organization and he's saying, you're going to make mistakes, and when you do, come and tell me, we'll work through it. We'll figure it out. I mean, that's really what you're getting at. And it's amazing that more people don't adopt that. It's just crazy to me.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  36. Like that. You're so smooth. You know, that gets to the question I was actually going to ask was what you're hitting on here. So let me just read this question here. I have it written down. I say in your book, one of your main points that Warren Buffett made during the interview was that.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  37. No, that's a great point because you look at Berkshire. I'm pretty sure they're market caps over $300 billion. So when you think of that, their market caps over $300 billion company and they've got like 30 or 40 people working in the headquarters and that's it. I mean, that's just mind-blowing. It's just insane

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  38. That's really fun. You know, it's funny, and his shareholder letters at the end of his shareholder letters, he always in a passive aggressive way, brags about how small his headquarters is. What is it? It's like 30 or 40 people, Stig. I can't remember.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  39. So, I mean, is he just reading the Wall Street Journal? I mean, did you guys talk about that at all? Or was it just something that you kind of noticed and were kind of floored by?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  40. Well, no, let's talk about that. Yeah, let's talk about it. So, you know, what's really cool, and I didn't say this in the introduction, was Jillian took all the pictures of each of the people that she interviewed. So she actually has a picture of Warren Buffett sitting on his desk in the book. One of the things that I noticed in that picture, first and foremost, he has like this tray that's right there on his desk and it says. The too hard binner, it says too hard. And I just found that hilarious. Was there anything else that you saw when you were in his office that was just really kind of unique?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  41. Question Stig. So the first one that we got here is we're going to start off with discussing Warren Buffett. In your book, one of your main points that Warren Buffett made during your interview was it really fun interviewing him, by the way. Was it?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  42. All right, perfect. So this is just, I can't stress it enough, folks. The information you're going to get out of this is just fantastic because she just got behind the scenes access. And really the point of the book, this is the thing that I really want to highlight, is that she talks about the idea that the path to success isn't necessarily what a lot of people think that it is. People would think that a person like Michael Bloomberg just, you know, he came from maybe a wealthy background and all these people just naturally had this stuff handed over to them. But what she debunks in this book is she talks about that struggle and those stories for each of these people and how they broke through and the things that they did to go from just being a nobody to being a billionaire or whatever the case might be for each one of them. And so that was what was really amazing about the book is she talks about those points, those things that they had to do in order to break through. So without further delay, we're going to go ahead and kick this off. And I'm going to take the first.

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  43. It just came out this past week, and she summarized all these interviews, and each interview is about six pages in the book. And so her name is Gillian Zoe Siegel, and she's here today to talk about all these different interviews that she had with these people. So without further delay, we're going to go ahead and Jillian, did you have anything that you wanted to add or highlight about the book that maybe I missed?

    2015-04-19 · We Study Billionaires · TIP 031 : My Interview with Warren Buffett and other Billionaires - with Gillian Zoe Segal (Investing Podcast) · IDENTIFIED FROM THE TRANSCRIPT