Episode Details

One billionaire’s biggest investing edge isn’t flashy picks—it’s patience, trust, and buying into real businesses. In this condensed episode of The BigDeal, host Codie Sanchez talks with David Adelman, billionaire co-owner of the 76ers and investor in 90+ companies, about why he avoids venture capital hype and instead looks for operating businesses with succession problems, strong moats, and honest operators. Original episode: full-length interview; new version: a quick listen in minutes. You’ll learn Adelman’s rules for deal-making, why “bad news does not get better with time,” how he spots opportunity in student housing and boring service businesses like HVAC, plumbing, and electrical, and why character matters more than ego. He also shares practical lessons on leadership, business model evaluation, and teaching wealth habits at home. Listen now to get the key ideas in minutes.