Declaration

Jimmy Weil, Managing Member of Weil Family, LLC

Episode Speakers

Todd Rich

Host

Jimmy Weil

Managing Member of Weil Family

LLC

Strategies Mentioned

Private InvestmentsReal Estate

Jimmy Weil joins Host Todd S. Rich on declarations. for a wide-ranging conversation about his upbringing in the Bronx, the lessons he learned on the streets and basketball courts, and the decades he spent building, scaling, and ultimately selling a national paint and coatings company. Jimmy reflects on inheriting a struggling family business, transforming it through niche products and strategic acquisitions, and navigating both near-failure moments and breakout wins. He also shares why he continued building and investing after selling to Benjamin Moore, how he evaluates entrepreneurs today, and why relationships, humor, and resilience have shaped every chapter of his life.

They discuss:
• Growing up with limited resources, early independence, and learning to read people
• Building Insl-x by focusing on specialty coatings and smart acquisitions
• The challenges and breakthroughs of scaling into a national manufacturer
• Selling the business to Benjamin Moore and deciding not to stay on
• Active ownership in gas stations, convenience stores, insurance, and cyber businesses
• How street smarts, teamwork, and persistence have guided his decisions
• The role of humor, philanthropy, and family throughout his career

Topics:
(00:00:00) – Intro
(00:02:57) – Jimmy’s early life and family background
(00:05:24) – Lessons from the streets and basketball
(00:09:12) – From law school to paint business
(00:12:19) – Scaling challenges and innovations
(00:25:38) – Reflecting on the decision to leave Berkshire Hathaway
(00:27:10) – Venturing into gas stations and convenience stores
(00:30:40) – Investing in insurance and other diverse businesses
(00:33:40) – Lessons from the streets of the Bronx
(00:41:42) – The importance of humor and relationships in business
(00:43:39) – Philanthropy and giving back
(00:45:49) – Balancing work, family, and mentorship
(00:47:07) – Closing thoughts and advice for entrepreneurs
(00:50:45) – Podcast disclaimer and legal information

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This podcast (“Podcast”) is provided for discussion and informational purposes only, for use by Declaration Partners LP together with its affiliates referred to as (“Declaration”) and should not be considered investment, legal, or tax advice. Past performance is not indicative of future outcomes. This Podcast does not constitute an offer to sell or the solicitation of an offer to purchase any investment product or any interest in the Fund or any other investment vehicles or accounts managed or advised by Declaration. Investing involves a certain degree of risk, including the risk of loss. This Podcast may contain certain forward-looking statements, which may not materialize. No compensation has been awarded to any speaker for statements made that are either testimonials or endorsements. However, certain speakers may be current or former investors in certain Declaration investment products and may receive reduced fees, priority terms, priority access, co-investment rates, among other preferential treatment, which may pose a conflict of interest. Certain speakers may also be affiliates and/or service providers that receive compensation from Declaration for services provided in their service provider capacity but have not been compensated specifically for any testimonials or endorsements made herein. The views expressed in this podcast by either the guest speaker or the host are their own and may not reflect the views of their firm, Declaration, or their respective affiliates. The information discussed in this Podcast may change at any time without notice, and there is no duty by Declaration to update any person to whom this information is provided. Neither the US Securities and Exchange Commission nor the securities regulatory authority of any state or other jurisdiction has passed upon the accuracy or adequacy of this Podcast.

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