Graeme Hart, Otago MBA Alumnus, at his Honorary Doctorate Conferral

Graeme Hart is an alumnus of the Otago MBA. As many Kiwis may know, he is also a multi-billionaire and deemed the richest man in New Zealand. Of course, the Otago MBA is very proud that he formulated the strategies for his business while studying at the Otago, and even more proud that his children are also graduates of the Otago Business School. At his honorary doctorate conferral, he talked about his experiences as a successful businessman and offered advice to the new graduates who were there with him at the graduation ceremony.

Пікірлер: 36

  • @connoisseurtroy2006
    @connoisseurtroy20064 жыл бұрын

    I don't know what you people watching know about Graeme Hart, but I can tell you something, I am also from New Zealand. This is a man who started at the bottom, the very bottom, the only tools or skills he had at his disposal was his own will power and determination, and what he achieved is ASTRONOMICAL in terms of business and financial success. From a boy from Mount Roskill, Auckalnd, New Zealand (and anyone who knows New Zealand also knows how isolated it is and how opportunities there are not always great) to being listed on Forbes as the 150th richest man in world for owning (and creating) one of the largest packaging conglomerates in the world is really something amazing. Not only this but he is completely self made. This man is a representation of tenacity and the pinnacle of success in business, not only to New Zealand but to the world. A true icon!

  • @DOCUMENTARYANDINTERVIEWS

    @DOCUMENTARYANDINTERVIEWS

    2 жыл бұрын

    Wow ! It's good to hear that . Wow yt is amazing sometimes it's us those who get distracted by pleasurable video on yt

  • @MatteoOneself
    @MatteoOneself4 жыл бұрын

    How the fuck does this only have 11k views. This is absolute gold in regards to biz and life lessons

  • @satoshinakamoto7253

    @satoshinakamoto7253

    2 жыл бұрын

    most people don't read

  • @nickblack2932
    @nickblack29323 жыл бұрын

    NOTES Your career is no more or less than a set of steps up a staircase. - But the cumulative output of those steps, the investment decisions you make each time you step up, the opportunity costs that you incur when you make a suboptimal decision - they all combine to give you an end result at the end of your 40 year career - so it’s about realized your full potential, no more of less than that Now if you’re young, it’s hard to reconcile, 40 or 50 years in front of you, that’s 2000 work weeks, 120,000 hours, that’s a long time - but I’m telling you, if you just spend some time thinking as you go forward, in 40 years, you will ensure that you realized your full potential Now here are some quick motherhoods, these are important because these hold regardless, if you are looking to reach pinnacles, that’s what life is about, I was burning with desire to reach pinnacles, it’s exactly the same whether you are businessman or a sportsman or an academic So for me, I think about these as my four legs, the four legs of my stool, it’s very simple - Leg 1 - Passion - you have to get up every day and love what you are doing, and if you do not, make a change, because you will NEVER reach a pinnacle if you don’t have a burning passion - Leg 2: Focus - you must have goals, you must have timelines and the goals have to be quantified and you must hold yourself accountable. - You better have determination, and a lot of it. I’m a very determined individual, but what I’ve learned is that, “hey this is hard, this is really hard”, over 40 or 50 years you have some tough times, that’s when you need to dig deep, it’s easy when the wind is behind your back, it gets a whole lot harder when it’s in your face. - Be intense - Be obsessive - Never waiver - Leg 4: Self awareness - Critically important. Know yourself well. Understand your strengths and play to them. Understand your weaknesses, work with them, work around them, don’t obsess about them Other important elements: - Always be straight forward in your dealings - always do what you say you will do - guard your reputation jealously. This is critically important as you go through your career. Years to gain, minutes to lose. This will help you gain deals in the future as you reputation goes before you - Develop your interpersonal skills - you are going to spend your life seeking to persuade people to follow you - to buy from you, to work with you, to be alongside you as a colleague, I’ve never seen a rude success - put real effort into this - Be bold - be thoughtful and take risk, be opportunistic and build great teams - You in the future will amount to the people around you - you are the young leaders of the future - and it’s about your people and about how you lead your people - Early lessons matter - remember the stair case, the early lessons you get at the beginning of your career, that is money in the bank for the next 40 years, your best lessons you get year 1, not year 39 Business lessons - I quickly learned that buying my competitors and combining my competitors down the road was a very good idea - so what I learned that when we combined them we took out some fixed costs. I didn’t know what they were till later I got my MBA and I learned that these were synergies. So I learned that I could charge more in my business because I didn’t have my competitors up the road anymore discounting and gained a thing called pricing power - The other thing I learned was that I had a team of people - and it’s a bell shaped curve, there’s good, there’s bad, there’s in the middle - I had to sort that out (cut the bad, keep the good, improve the middle) - Then I had lead them - and what made the difference for me was setting an example, so I wanted the trucks turned around quickly, get out on the loading dock and help them load - that’s what it’s all about, you’re going to know this for a very long period of time, it’s all about your leadership and your teams - Fit the picture they need - When you deal with people in your life, sometimes they have a profile of what they want you to look like - Work out what that is and fit it - Be bold - Buy as big as you can, borrow as much as you can, and then work the asset as hard as you can - Stay close to whatever it is you are responsible for - you cannot EVER take your eye off the ball - You’re going to get bruised - and you’re going to have your headwinds, and it’s not a bad thing, a little bruising teaches you how to fight - The best way to control your costs is to sign the checks, then you know where the money is going - this applies to anything you are responsible for - you need to keep a vigilant eye on your costs, or the equivalent of your costs, whatever it is you are responsible for, because there always giraffes lurking The future - What do we think about a lot in my office today? Disruption - Disruption is coming on like a freight train - you’re either on the train or you’re on the tracks - So what does that mean for you? - when we look at our world, we’re looking at technology, artificial intelligence, quantum computing, sharing economy, airbnb, Uber - its seductive, exciting, but it’s opaque - and mostly importantly, disruptive - Across the period of your career, it is going to redefine the world as we know it - there is no business we have found that isn’t going to be subject to disruption to a greater or less degree - and along the same point, there is no career you will pursue that is not going to feel the disruptive forces of technology - so I urge you to focus on this, study it, research it in the most comprehensive way you can as you think about your 40 year investment decisions - I don’t want you to become a blind victim of disruption, rather a beneficiary - in my view you are standing in front of a frontier of opportunity - embrace it, be passionate, be focused and be determined

  • @pleaseenteryournamehere9593
    @pleaseenteryournamehere95935 жыл бұрын

    Just to put this guy into perspective for some, he has more money than everyone in that room combined and then doubled. Richest NZder

  • @IsaiahT97

    @IsaiahT97

    4 жыл бұрын

    Probably more than doubled aye... well done to him

  • @deficator750

    @deficator750

    3 жыл бұрын

    He has way more money than that, that can’t equal 12 billion

  • @Ghost-rr7xh

    @Ghost-rr7xh

    Жыл бұрын

    Earned it

  • @NZFarmboy80

    @NZFarmboy80

    7 ай бұрын

    ​@@deficator750probably got billions in debt as well

  • @Unknowledgeable1
    @Unknowledgeable13 жыл бұрын

    8:41 Table of contents 10:58 Principle for reaching pinnacles The 4 pillars are: 1. Passion 2. Focus/Goals/Timelines/Self-accountability (11:29) 3. Determination (11:40) 4. Know yourself. Especially your strengths and weaknesses. (12:06) 12:35 Early lessons matter. Money in the bank for 40 years. 12:41 19:07 Burns Philp (why couldn't corporate governance prevent this problem? Why didn't the board directors try to maximixe shareholder value? Don't they own shares - do they not care about them or something?) 20:54 17:30 24:26 The future "The disruptive forces of technology". Study it, research it, in the most comprehensive way I can.

  • @drpaulchan
    @drpaulchan5 жыл бұрын

    Wow! This is one guy I admire. I actually did a video on doctor Hart the Richest Man from New Zealand. Thank you Graeme Hart for a life worthy of great literature! #SecretsSelfmadeBillionaires

  • @brownbuttabean
    @brownbuttabean4 жыл бұрын

    This is so inspiring. I love his 4 legged stool analogy. Great stuff

  • @MrTradeCardCollector
    @MrTradeCardCollector3 жыл бұрын

    Very inspirational!

  • @AndrewKirbys
    @AndrewKirbys3 жыл бұрын

    Genius!

  • @hunbaeyoon
    @hunbaeyoon6 жыл бұрын

    7:22

  • @kamruzzamanrony7718
    @kamruzzamanrony77183 жыл бұрын

    Magnificent...

  • @blakeknightandco3828
    @blakeknightandco38282 жыл бұрын

    My only thoughts are in relation to Mr. Hart's eyesight. What I mean to say is that he appeared to have vision with regard to providing insight to some of Aotearoa (I guess, formerly New Zealand now) pertaining to the blindness of many New Zealanders in relation to a "fabulously" appalling funding regime and health delivery on dental health. But as a man of notable significance, is he placed well enough to deliver a strong enough message in relation to the nation's precarious geo-political and geo-economic position right now, or would he prefer to appear blinded by current events, which many appeared to see coming many years earlier? as a former "towie" he'd be well placed still to understand about scavenging and recovery. Maybe he really doesn't know or understand what I'm referring to. A chance at a lot of short term revenues (as a prize or windfall) bringing some short term relief and comfort with some luxuries for a few more, or eyesight with regard to long term regional hand to mouth dependency?

  • @Tboppp

    @Tboppp

    2 жыл бұрын

    You basically just said a whole lot of nothing

  • @blakeknightandco3828

    @blakeknightandco3828

    2 жыл бұрын

    ​@@Tboppp Sure. According to your opinion and the chance to express it via this platform, just as I have. You are welcome to provide your personal definition of "nothing" if you like, and then either qualify, point by point or generally, each aspect of my post that was "nothing", based on your definition. And you might like to provide valid material in support (although I doubt that you'd have the ability to). BTW: A very sad presentation with regard to that "Baby" track you "borrowed" from both Aitch and Ashanti as professional music artists. I've given you my opinion (critique) of it there, with qualification, if you'd care to visit the page you posted that music and your crappy video on.

  • @Tboppp

    @Tboppp

    2 жыл бұрын

    ​@@blakeknightandco3828 You quite clearly have nothing exciting going on in your life. Get a job rather than trying to showcase your intellect on KZread, peasant.

  • @marktaylor5928

    @marktaylor5928

    2 жыл бұрын

    Not formerly New Zealand always New Zealand

  • @blakeknightandco3828

    @blakeknightandco3828

    2 жыл бұрын

    @@marktaylor5928 Well, at least the spirit of the New Zealand identity appears to be there in you somewhere. Let's see if political politicking will defeat that and run with Aotearoa (or at best, Aotearoa-New Zealand) sometime soon. Me, myself & I (or us), well, we no longer give a rat's a-hole any longer. NZ no longer has any relevant identity, most residents are likely to wake up to that reality pretty soon. Call the fricken country "Eggs on Toast" if they want. What does it matter?

  • @vapez8191
    @vapez81913 жыл бұрын

    This guy is my boss

  • @satoshinakamoto7253

    @satoshinakamoto7253

    2 жыл бұрын

    how's he like? or the atmosphere in the company etc?

  • @vapez8191

    @vapez8191

    2 жыл бұрын

    Underpaid

  • @LTDakin
    @LTDakin3 жыл бұрын

    This is horrific. This speaker made truely obscene amounts of money using inhumane methods at a time of international crisis. What's the point of "rising from the bottom" if you're not going to help others. Seems like a terrible choice by the business school to honour this immoral person by getting him to talk to the next wave of business kids. Luckly they seemed to mostly falling asleep.

  • @LTDakin

    @LTDakin

    3 жыл бұрын

    OH WAIT this man with nearly 13 billion US dollars donated 10 million to the uni the year they gave him the doctorate. Messed up.

  • @jodi8126

    @jodi8126

    3 жыл бұрын

    @@LTDakin Sound pretty JEALOUS to me! Successful people provide JOBS for thousands of others who support their families and contribute to their communities.....it's a beautiful thing called CAPITALISM.

  • @satoshinakamoto7253

    @satoshinakamoto7253

    2 жыл бұрын

    He doesn't actually have that money, he only has a small % of that in cash. We're homosapiens, he did a better job, get over it, and if you want more free stuff from the gov. remeber that the gov has a lot more money and is horrible at allocating it

  • @satoshinakamoto7253

    @satoshinakamoto7253

    2 жыл бұрын

    @@jodi8126 exactly

  • @Ghost-rr7xh

    @Ghost-rr7xh

    2 жыл бұрын

    @@LTDakin Liam I have neither the time nor the crayons I would need to explain to you how stupid you really are. There are two kinds of people in this world, makers and takers, Dr Hart is a maker, by the sounds of it if you had your way your would take what is his. Enjoy being a victim!