Billionaire Of The Week: Founder Of Chewy.com

About this video

Sam and Shaan discuss Ryan Cohen’s investment strategy, highlighting how he bought underperforming companies like GameStop and Bed Bath & Beyond at steep discounts and turned them around for massive returns. They explore the broader opportunity in beaten-down stocks, debate whether to deploy cash during market downturns, and discuss the psychology of investing when markets are down.

Key takeaways

• Ryan Cohen claims he invested $600 million from his Chewy exit into Apple and Wells Fargo, which he says appreciated 361%, then invested $76 million in GameStop (now worth $1.1 billion) and recently bought 10% of Bed Bath & Beyond—demonstrating a strategy of acquiring undervalued companies and operationally turning them around.
• Sam notes that when markets decline significantly, it becomes psychologically difficult to actually deploy capital to ‘buy the dip’ despite knowing intellectually it’s the right strategy; he manages this by not tracking daily portfolio movements to avoid emotional decision-making.
• Sam explains that market downturns can motivate entrepreneurs to focus on earning income rather than relying on passive investment gains, which he views as a healthy mindset shift.

Episode details: published March 13, 2022 · 15K views · 11:10 long. Summary written by Self Growth Videos from the episode itself. The business ideas, figures and results discussed are the hosts’ and guests’ own claims, shared as brainstorming and entertainment — not verified facts and not investment advice.

← Previous: Should You Build Skills At A Top 1% Company Or Start Your Own · Next: MrBeast’s Come Up Story Summarized in 6 Minutes →

All My First Million videos · My First Million profile · My First Million (official site)