Founder of https://xitter.cf/t.co/3N7L9wzTQH - the financial communications firm.
Dallas, TX
Joined October 2021
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Niko Ludwig retweeted
Today I sit down with Ross Perot Jr., Chairman of Hillwood and The Perot Group. Ross founded Hillwood in 1988 and built Alliance Texas, his masterpiece, a 1 of 1 27,000-acre development.
We discuss:
• Why Trammell Crow told him to just build warehouses
• How Hillwood developed Alliance Texas
• How a rare earth company got its air permit in three weeks
• How President Bush helped close Scotiabank's move to Texas
• What the 1992 campaign looked like from inside the family
• The Iran War and why cheap oil prices are on the way
• Why every community should want a data center
• How to keep China from taking Taiwan
• Why he expects markets to boom after the midterms
Timestamps:
(00:00) Intro
(00:42) Why Texas Is Winning the Data Center Boom
(06:20) The Facts Behind the Data Center Backlash
(11:49) Why California, Illinois, and New York Are Losing to Texas
(18:12) How Fort Worth Landed Elon Musk, MP Materials, and Taylor Sheridan
(23:39) Building Alliance for Flying Taxis and Drone Delivery
(27:47) Fighter Pilot Heroes and the First Helicopter Flight Around the World
(34:29) Why EDS Left Dallas and Hillwood Became a Developer
(38:31) Why the Rail Yard Matters More Than the Runway
(44:51) Tariffs and How to Deal with China
(50:35) Deterring a War over Taiwan by 2027
(55:32) The Iran War and the Coming Oil Glut
(59:10) The Case for a Post-Midterm Market Boom
(1:04:34) Smart AI Regulation and the Quantum Encryption Threat
(1:09:24) Buying Land After the S&L Crisis and Trammell Crow's Advice
(1:12:31) Why Circle T Ranch Has Been Replanned 30 Times
(1:17:43) How George W. Bush Closed the Scotiabank Deal
(1:19:11) Inside the 1992 Perot Presidential Campaign
(1:24:34) How Hillwood Runs as a Company of Entrepreneurs
(1:32:04) Why Finding Talent Is the Hardest Part of the Business
Pickens made his fortune in Texas
Want to know what’s bringing investors there today?
Watch this 15-minute breakdown:
youtube.com/watch?v=jsFfRXIL…
"I can't remember a year when I didn't make more money on outside investments than on my salary."
- T. Boone Pickens
"Learn to analyze well. Assess the risks and the prospective rewards, and keep it simple."
- T. Boone Pickens
"Keep focused. When you are hunting elephants, don't get distracted chasing rabbits."
- T. Boone Pickens
T. Boone Pickens once said:
"My IQ is the gas price. At $3 I'm a genius. At $1.50 I'm a moron."
Here are 5 lessons from the Texas oil billionaire:
Working in capital formation long enough will make you realize how many people are successful in fundraising, purely because they know how to build and keep relationships rather than the quality of their investment thesis
Every mega-fund has a core team of leadership who are simply there because they know the right people and can bring in the capital
Some of them can’t underwrite a deal, haven’t touched excel in a decade, and lack proper judgement on the viability of an investment
But at the same time, the firm continues to promote them because they’re rainmakers. They have deep relationships, know the right people, and source funds nobody else on their team could
As automation dilutes the edge in many investment strategies, these traits only become more important. He who has the distribution, polish, and relationships will win
Close excel and go shake hands - your career will thank you
More on how Nike went from a $70 million challenger to a global giant:
collateral.com/blog/limits-o…
In 1977, Nike was a $70 million company fighting Adidas for market share.
Its culture was intense, scrappy, and built around winning.
Here’s a Nike staff memo from that year:
