Jacobs' best business deal was buying Conway (a trucking company) in 2015 for ~$3 billion (half equity), which he later transformed into a multi-faceted holding worth ~$15 billion, generating a 15-20x return on invested capital (a 'bagger') by applying mathematical thinking to identify organizational dysfunction and musical improvisation to pivot from the original plan.

factualpending

Speaker

Brad Jacobs

Evidence Quote

“I bought in 2015... Con-way... for about $3 billion... Today, it's worth something like $15 billion... it's been a... 20 bagger or 15 bagger... a huge, huge return on invested capital.”

Source

The Lessons Behind How To Make a Few Billion Dollars— The Knowledge Project Podcast
Created: 8/12/2026, 6:08:10 PM

My Notes

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