Value Investing In Your Car Episode 7 – Mini Book Review Of Total Recall
In Episode 1 of Value Investing In Your Car, I answered the question Does Value Investing Work Anywhere In The World?
In Episode 2, I answered the question When Does Value Investing Work Best?
In Episode 3, I told you about the best book I read in 2017, and recommended some other great books that I read in the same year.
In Episode 4, I talked about how my family inspires me to become great and how having someone or something inspire you can change your entire life.
In Episode 5, I talked about how I may have found a new investment for the first time in almost 3 years.
In Episode 6, we talked about Anchoring Bias, its immense power, and how this relates to value investing.
And today in Episode 7, I’m doing a mini book review of Total Recall: My Unbelievably True Life Story – Arnold Schwarzenegger’s autobiography.
Let’s get to it…
Mini Book Review of Total Recall
This is a value investing blog so why the hell are you seeing a picture of Arnold Schwarzenegger above?
To almost anyone on Earth, Arnold Schwarzenegger is likely thought of as a movie star, icon, bodybuilder, Governor of California or some combination of those four things.
But did you know he was wealthy before he became a worldwide movie star?
If you didn’t, you’re not alone…
This biography had been on my radar for years but I didn’t actually buy it until I heard Tim Ferriss interview Arnold about the book and get into how he’s a successful business person and entrepreneur.
I mostly read finance and finance – related information so why would this biography even be on my radar to read at all?
Because for people of my age – I’m 31 – Arnold Schwarzenegger is a bit of an icon.
I grew up with his movies, his fitness programs where in my schools all the way up to middle school, I won several of his Presidential Physical Fitness Awards in elementary and middle school, and after listening to this fantastic book, I learned he was an even bigger influence than I first knew for people of my generation.
For example, I didn’t know he was a huge force in bringing back the Presidential Physical Fitness Awards mentioned above until listening to this book. And I didn’t know he was a huge partner in building the restaurant chain Planet Hollywood that was big in the 90’s.
In short, if you are in my generation in the US, Arnold Schwarzenegger was a force and he had a massive influence on society.
But again, even with this, I didn’t buy the book until he and Tim Ferriss talked about his entrepreneurship and various business ventures. This is what hooked the business nerd in me to finally buy it.
And I’m glad I did…
It’s one of the best autobiographies I’ve ever read. And it’s going into the Recommended Reading and Viewing Page as a MUST READ!!!
Here is a brief video talking about why I loved this book so much.
Some of the stuff you’ll learn in this fantastic book are…
- How he came from nothing in Austria to become a worldwide icon
- ALL the business ventures that led him to become wealthy well before he even stepped on a movie set
- How fantastic his work ethic is
- How optimistic he is about almost everything
- How varied his interests outside of movies, bodybuilding, fitness, etc. are
- How he helped build organizations like the ones above and the Special Olympics
- How and why he got into politics
- How he built not only several business empires but also a real estate investing empire
- And much much more…
After I finished the book, I did some research and found a couple of articles that estimated JUST his real estate investments to be worth north of $300 million.
And this doesn’t include any value from his movies or other business ventures.
So not only is Arnold Schwarzenegger a cultural icon to so many in my generation but he’s also become one of my business icons after listening to this fantastic audiobook.
I’d love to hear your thoughts on Total Recall in the comments below if you’ve read it.
Before you go, here is another great article about Arnold’s real estate empire and the mindset that led him to reach this status.
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