What I learned from reading The Red Bull Story by Wolfgang Fürweger and Red Bull's Billionaire Maniac by Duff McDonald.
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(1:30) "In literal financial terms, our sports teams are not yet profitable, but in value terms, they are," he says. "The total editorial media value plus the media assets created around the teams are superior to pure advertising expenditures."
(2:30) "It is a must to believe in one's product. If this were just a marketing gimmick, it would never work."
(5:00) He doesn't place a premium on collecting friends or socializing: "I don't believe in 50 friends. I believe in a smaller number. Nor do I care about society events. It's the most senseless use of time. When I do go out, from time to time, it's just to convince myself again that I'm not missing a lot."
(7:30) The most dangerous thing for a branded product is low interest. (Edwin Land: The test of an invention is the power of an inventor to push it through in the face of the staunch-not opposition, but indifference-in society. (Indifference is your enemy)
(9:00) Nike, Adidas and Vans episodes:
Shoe Dog: A Memoir by the Creator of Nike by Phil Knight. (Founders #186)
Sneaker Wars: The Enemy Brothers Who Founded Adidas and Puma and The Family Feud That Forever Changed The Business of Sports by Barbara Smit. (Founders #109)
Authentic: A Memoir by the Founder of Vans by Paul Van Doren. (Founders #216)
(11:00) The lines between Red Bull, Red Bull athletes, and Red Bull events are blurry on purpose. To Mateschitz, it's just one big image campaign with many manifestations.
(12:00) He has no plans to sell or take Red Bull public. "It's not a question of money. It's a question of fun. Can you imagine me in a shareholders' meeting?”
(13:00) Red Bull’s Billionaire Maniac https://www.bloomberg.com/news/articles/2011-05-19/red-bulls-billionaire-maniac
(16:00) He is universally described as a person with great charisma.
(16:30) The Invisible Billionaire: Daniel Ludwig by Jerry Shields. (Founders 292)
(17:00) He has a fierce desire for privacy. He buys a society magazine to make sure he never appears in it.
(22:00) There is no market for Red Bull. We will create one.
(24:00) Estée Lauder: A Success Story by Estée Lauder. (Founders #217)
(30:00) the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger. (Founders #329)
(31:00) Gossip and malicious rumors are worth more than the most expensive publicity campaign in the world.” — Dior by Dior: The Autobiography of Christian Dior (Founders #331)
(36:00) Control your costs and maintain financial discipline even when making record profits.
(38:00) Cult brands have their own laws, otherwise they would not be cultish.
(38:00) Red Bull is Dietrich Mateschitz and Dietrich Mateschitz is Red
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