10 QUESTIONS FOR TILMAN FERTITTA

Tilman Fertitta wants you to shut up and listen with new book

Tilman Fertitta wants you to shut up and listen with new book
Photo by J. Thomas Ford

This article originally appeared on CultureMap.

Tilman Fertitta can't lose. Sitting in his palatial office nestled in the towering Post Oak Hotel in Uptown, the sole owner of Fertitta Entertainment, the restaurant giant Landry's, the Golden Nugget Casinos and Hotels, and the NBA's Houston Rockets — not to mention the star of the TV reality show Billion Dollar Buyer — is taking a quick moment to bask in his success.

And why not? On top of being the world's richest restauranteur and Houston's most recognizable billionaire, Fertitta currently boasts a best seller with his new business book, Shut Up and Listen! As CultureMap reported, he just acquired Del Frisco's luxury steakhouse chain, adding to his impressive and extensive restaurant empire. And speaking of acquisitions: Soon, his Houston Rockets will unleash the powerhouse duo of James Harden and new teammate Russell Westbrook, who came to Houston in a massive trade with Oklahoma City.

Fertitta has just made the national media rounds promoting Shut Upand Listen! and looked quite comfortable doing so. "A lot of owners don't talk to the media and they don't know how to do it," he tells CultureMap, "but I've been doing it for 30 years and it just doesn't phase me."Shut Up and Listen! is a Tilman tell-all. But rather than a life story, the book is a how-to for the business-minded. No-nonsense nuggets such as the "Tilmanisms" teach principles such as the 95/5 rule (focus on the 5 percent of the operation that isn't perfect and fix it) and offer hardcore reminders such as "when things are bad, eat the weak and grow your business." Doubters, take note: Shut Up has landed on the Publishers Weekly's and USA Today's Best Sellers lists.

CultureMap sat down with Fertitta during a rare break to talk books, business, and his beloved Bayou City.

CultureMap: You’re a Texan titan of industry, a major local benefactor, you own one of the most buzzworthy teams in all of pro sports, and you’re the star of your own reality TV show. Can we now say — in Houston — that you’re way bigger than Mark Cuban?

Tilman Fertitta: [Laughs] Oh, I don't know about that. Mark is a special guy and we're lucky to have him in Texas.

CM: You’ve been actively involved with the Rockets and the University of Houston sports programs. Using your 95/5 rule, can you share any of the 5 percent of what you found wrong with the Rockets and UH?

TF: At UH, the 5 percent was we wanted to have good coaches and we wanted to improve our facilities. That's the 5 percent we realized that if we wanted to compete at the highest level of basketball and football, that's what we'd have to do.

For the Rockets, we're gonna make sure we can put the basketball team we can on the court with the best coaches every single year. I'm not a sit-on-my-hands guy — it's let's keep getting better.

CM: Why is giving back to your hometown important to you?

TF: This is where I grew up and Houston's been very good to me. I've been around a long time and I've watched people come and go in the '80s, the '90s, the 2000s, and the 2010s. It's fun to have lasted this long and been a player through so many decades.

CM: There’s an old adage that says, ‘Do one thing and do it well.’ But you’re doing a lot of things well. When do you know, as a business owner, to diversify?

TF: Systems and operations are very important. Everybody wants to do more deals. If you understand the Big Box Theory, you make more out of a bigger box. In the beginning, I knew I always wanted to be successful. Today, I know what I know and I know — and what I don't know.

Continue on CultureMap to learn which books inspired Tilman Fertitta, and much more.

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Will all the Texans playmakers be satisfied with their roles in the offense? Composite Getty Image.

ESPN Texans reporter DJ Bien-Aime joined The Mina Kimes Show this weekand shared his thoughts on the Texans outlook this season.

When looking at the Texans offense, Bien-Aime pointed to Houston's play calling as being a possible issue in 2024. Bobby Slowik did a terrific job in his first season as an offensive coordinator. But he will have his hands full keeping all his playmakers happy with Stefon Diggs joining the team, and Nico Collins expecting a ton of looks after signing a massive contract extension.

Which got us thinking, are there enough catches to go around?

We took a deep dive into the 2023 numbers and here's what we found. CJ Stroud averaged 21 completions per game. And here's a breakdown of how many catches his receivers averaged last year.

Nico Collins 5.3 catches per game

Stefon Diggs (with Buffalo) 6.29 catches per game

Dalton Schultz 3.93 catches per game

Tank Dell 4.27 catches per game

Texans running backs 3.05 catches per game

If we add those up, the total is 22.84. Which means the Texans top receivers should expect a similar amount of production compared to last season. Of course, players like Noah Brown, Robert Woods, and Brevin Jordan will take targets away from Stefon Diggs and company from time to time.

But it's good to know that the Texans top pass catchers should produce numbers close to their 2023 averages. Which is a big deal for a player in a contract year like Diggs.

Another thing to note. We're factoring in that the Texans are expected to run out of 11 personnel most of the time. Which means Diggs, Collins, Dell, Schultz, and Mixon will be the only pass catchers on the field the majority of the time.

Are there concerns about the defense?

Both Kimes and Bien-Aime designated Houston's secondary as the big x-factor this year. Bien-Aime named cornerback Derek Stingley Jr. as the only player in the secondary that he truly trusts. Is he right?

Be sure to watch the video above as we react to Kimes and Bien-Aime's outlook for the Texans this year, and share our thoughts on the possible pitfalls the team will have to navigate in the short and long-term.

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