Podcasts about American Capitalist

Chairman Powell gave a much anticipated press conference this week. Did you know that most developed countries had central banks before we did? If so, then how did our financial system function? And did you know, that for much of our history, we've hated big banks (some still do)? If that's the case, then how was the Fed created? This is a story that takes us from the Founding of our Republic to 1913, the year in which the Fed was created through secrecy and via subterfuge.

The American Capitalist Party with Mark Pellegrino In this episode of The Rational Egoist, host Michael Liebowitz talks with Mark Pellegrino, actor, Objectivist, and co-founder of The American Capitalist Party. Pellegrino shares the vision and mission of the party, explaining its commitment to individual rights, free markets, and limited government. The conversation delves into how the party aims to influence American politics, the challenges it faces, and why a new political movement rooted in the principles of capitalism is essential. Tune in for an inspiring discussion about the fight for freedom and a rational approach to governance. Michael Leibowitz, host of The Rational Egoist podcast, is a philosopher and political activist who draws inspiration from Ayn Rand's philosophy, advocating for reason, rational self-interest, and individualism. His journey from a 25-year prison sentence to a prominent voice in the libertarian and Objectivist communities highlights the transformative impact of embracing these principles. Leibowitz actively participates in political debates and produces content aimed at promoting individual rights and freedoms. He is the co-author of “Down the Rabbit Hole: How the Culture of Correction Encourages Crime” and “View from a Cage: From Convict to Crusader for Liberty,” which explore societal issues and his personal evolution through Rand's teachings. Explore his work and journey further through his books: “Down the Rabbit Hole”: https://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064X “View from a Cage”: https://books2read.com/u/4jN6xj join our Ayn Rand Adelaide Meetups here for some seriously social discussions on Freedom https://www.meetup.com/adelaide-ayn-rand-meetup/

Buffett: The Making of an American Capitalist by Roger Lowenstein

What I learned from rereading Random Reminiscences of Men and Events by John D. Rockefeller. ----Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ----Founders Notes gives you the superpower to learn from history's greatest entrepreneurs on demand. You can search all my notes and highlights from every book I've ever read for the podcast. Get access to Founders Notes here. ----Join my free email newsletter to get my top 10 highlights from every book----Follow Founders Podcast on YouTube (Video coming soon!) ----Notes and highlights from the episode: It has not been my custom to press my affairs forward into public gaze. (Bad boys move in silence)My favorite biography on Rockefeller John D: The Founding Father of the Rockefellers by David Freeman Hawke. (Founders #254)Secrecy covered all of his operations.Taking for granted the growth of his empire, he hired talented people as found, not as needed. — Titan: The Life of John D. Rockefeller by Ron Chernow. (Founders #248) We had been frank and aboveboard with each other. Without this, business associates cannot get the best out of their work.Rockefeller said Jay Gould was the best businessman he knew. Jay Gould books and episodes: American Rascal: How Jay Gould Built Wall Street's Biggest Fortune by Greg Steinmetz (Founders #285) and Dark Genius of Wall Street: The Misunderstood Life of Jay Gould, King of the Robber Barons by Edward J. Renehan Jr. (Founders #258) "If I have to choose between agreement and conflict, I'll take conflict every time. It always yields a better result." — Jeff BezosIt's a pity to get a man into a place in an argument where he is defending a position instead of considering the evidence. His calm judgment is apt to leave him, and his mind is for the time being closed, and only obstinacy remainsI like doing deals with the same people. You get to know each other and build a mutual sense of trust. Today, a lot of what I do originates from associations that go back ten, twenty, thirty, even forty years. — Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell.Writing a check separates conviction from conversation. — Warren BuffettWe had with us a group of courageous men who recognized the great principle that a business cannot be a great success that does not fully and efficiently accept and take advantage of its opportunities. (Do everything and you will win)Such was Rockefeller's ingenuity, his ceaseless search for even minor improvements. Despite the unceasing vicissitudes of the oil industry, prone to cataclysmic booms and busts, he would never experience a single year of loss. — Titan: The Life of John D. Rockefeller by Ron Chernow. (Founders #248)Last Train to Paradise: Henry Flagler and the Spectacular Rise and Fall of the Railroad that Crossed an Ocean by Les Standiford. #247 Henry Flagler (Rockefeller's Partner)Rockefeller on the impact Henry Flagler had on the beginning of Standard Oil: He always believed that if we went into the oil business at all, we should do the work as well as we knew how; that we should have the very best facilities; that everything should be solid and substantial; and that nothing should be left undone to produce the finest results. And he followed his convictions of building as though the trade was going to last, and his courage in acting up to his beliefs laid strong foundations for later years. (Build a first class business in a first class way)Young people should realize how, above all other possessions, is the value of a friend in every department of life without any exception whatsoever.When you recruit A players you don't tell them here's 5 things I want you to focus on. Here's your top 10 priorities. NO. You've got one priority. Destroy that priority. Do it more than anybody else possibly will. (Henry Flagler's main priority was controlling the cost of transportation.)Larry Ellison: You don't want turnover on your core product team. Knowledge compounds. Don't interrupt the compounding. — Softwar: An Intimate Portrait of Larry Ellison and Oracle by Matthew Symonds. (Founders #124) We were accustomed to prepare for financial emergencies long before we needed the funds. (Keep a fortress of cash)It is impossible to comprehend Rockefeller's breathtaking ascent without realizing that he always moved into battle backed by abundant cash. Whether riding out downturns or coasting on booms, he kept plentiful reserves and won many bidding contests simply because his war chest was deeper. — Titan: The Life of John D. Rockefeller by Ron Chernow. (Founders #248)I learned to have great respect for figures and facts, no matter how small they were.This casual way of conducting affairs did not appeal to me.As our successes began to come, I seldom put my head upon the pillow at night without speaking a few words to myself: "Now a little success, soon you'll fall down, soon you'll be overthrown. Because you've got a start, you think you're quite a merchant; look out, or you will lose your head—go steady." These intimate conversations with myself had a great influence on my life. I was afraid I couldn't stand my prosperity, and tried to teach myself not to get puffed up with any foolish notions. (If you go to sleep on a win you'll wake up with a loss)I hope they were properly humiliated to see how far we had gone beyond their expectations. (Chips on shoulders put chips in pockets) 98 percent of our attention was devoted to the task at hand. We are believers in Carlyle's Prescription, that the job a man is to do is the job at hand and not see what lies dimly in the distance. — Charlie Munger in Buffett: The Making of an American Capitalist by Roger Lowenstein. (Founders #182) Rockefeller on Standard Oil stock: Sell everything you've got, even the shirt on your back, but hold on to the stock.All business proceeds on belief: Trying to run a company without a set of beliefs is like trying to steer a ship without a rudder. — Four Seasons: The Story of a Business Philosophy by Isadore Sharp (Founders #184)  Rockefeller on his “unintelligent competition”: We had the type of man who really never knew all the facts about his own affairs. Many kept their books in such a way that they did not actually know when they were making money or when they were losing money.A few weeks later, the newspapers announce his new partnership—revealing who had backed his bid—and the news that Rockefeller is, at twenty-five, an owner of one of the largest refineries in the world. On that day his partners “woke up and saw for the first time that my mind had not been idle while they were talking so big and loud,” he would say later. They were shocked. They'd seen their empire dismantled and taken from them by the young man they had dismissed. Rockefeller had wanted it more.  — Conspiracy by Ryan Holiday At best it was a speculative trade, and I wonder that we managed to pull through so often; but we were gradually learning how to conduct a most difficult business.A blueprint for success in any endeavor: Low prices to the customer. Root out any inefficiency. Pay for talent. Control expenses. Invest in technology.We devoted ourselves exclusively to the oil business and its products. The company never went into outside ventures, but kept to the enormous task of perfecting its own organizationThe fastest way to move a dial is narrow the focus. People naturally resist focus because they can't decide what is important. Therein lies a problem: people can typically tell you after some deliberation what their top three priorities are, but they struggle to decide on just one. What is too much and what is too little focus? Do you ever even discuss this? Most teams are not focused enough. I rarely encountered a team that employed too narrow an aperture. It goes against our human grain. People like to boil oceans. Just knowing that can be to your advantage. When you narrow focus, you are increasing the resourcing on the remaining priority. —  Amp It Up by Frank Slootman Two people can run the same business and have vastly different results: Perhaps it is worth while to emphasize again the fact that it is not merely capital and "plants" and the strictly material things which make up a business, but the character of the men behind these things, their personalities, and their abilities; these are the essentials to be reckoned with. When it comes to competition, being one of the best is not good enough. Do you really want to plan for a future in which you might have to fight with somebody who is just as good as you are? I wouldn't. — Jeff Bezos in Invent and Wander: The Collected Writings of Jeff BezosDon't even think of temporary or sharp advantages. Don't waste your effort on a thing which ends in a petty triumph unless you are satisfied with a life of petty success.Study diligently your capital requirements, and fortify yourself fully to cover possible set-backs, because you can absolutely count on meeting setbacks.Do not to lose your head over a little success, or grow impatient or discouraged by a little failure.Know your numbers. You need to know your business down to the ground.Money comes naturally as a result of service (Henry Ford)Don't do anything that someone else can do (Edwin Land)The man will be most successful who confers the greatest service on the world.Commercial enterprises that are needed by the public will pay. Commercial enterprises that are not needed fail, and ought to fail.Dedicate your life to building something that contributes to the progress and happiness of mankind.----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Is your money mindset holding you back from achieving your dreams? In this special episode of Hello Monday, Jessi Hempel sits down with Mellody Hobson, Co-CEO and President of Ariel Investments and one of the most influential leaders in finance, recognized by TIME and Fortune for her impact on business and leadership. Together, they explore how beliefs about money—formed early in life—can influence your financial future, and how to develop healthy money habits for long-term success. Mellody shares insights from her new children's book, Priceless Facts About Money, offering practical tips for teaching kids financial literacy and setting them up for a brighter future. You'll learn how to break free from financial anxiety, understand the true value of money, and separate your self-worth from your bank account. This unique episode was filmed live in-studio. For an unfiltered, behind-the-scenes experience, check out the extended video version on LinkedIn Premium. Tune in to learn how to master money mindsets and empower yourself—and the next generation—to achieve financial freedom. Subscribe to the Hello Monday newsletter to get episodes and insights delivered straight to your inbox every Monday! More financial resources from Mellody Hobson: Mellody Hobson for Barron's: I Learned These Money Lessons Early. What Every Parent—and Kid—Needs to Know A Random Walk Down Wall Street by Burton G. Malkiel Buffet: The Making of an American Capitalist by Roger Lowenstein

Today, I sit down with Mark Pellegrino, co-founder of The American Capitalist party, and who played Lucifer in the TV series Supernatural, to discuss his new pragmatic approach to sustainable solutions, government reform, why anarchism cannot work in a collective fashion, the inspiration and polices behind The American Capitalist Party and more!Check out Mark Pellegrino:https://x.com/MarkRPellegrinohttps://www.youtube.com/channel/UCiZXUehlucf_Qc-a1AVNzOwhttp://patreon.com/MarkPellegrinoTheamericancapitalistparty.comhttps://t.co/0rTOWzeDYNCheck out Forbidden Knowledge Network and support BOTH documentaries:www.forbiddenknowledge.newshttps://watch.amazon.com/detail?gti=amzn1.dv.gti.763483a7-ad3f-4990-b5b3-98897169249c&territory=US&ref_=share_ios_movie&r=webCheck out We Are Change Colorado!http://www.wearechangecolorado.com/http://www.youtube.com/user/WACCTVCheck out Gaia Avani Naturals!www.gaiaavaninaturals.comCheck out Root to Bloom!http://rtbwholehealth.com/Check out Milagro Mushroomswww.milagromushrooms.comWatch Jones Plantation!https://jonesplantationfilm.com/?fbclid=IwAR0zE6457BtHWhrH1iyHKUscUsnPCPZNkE7tS0wPfw8n3N1Jd6RakDNX38wCheck out my friend The Lion's game!https://store.steampowered.com/app/1193210/Hunt_the_Muglump/I do not own the songACDC - Hell's Bells

Chapter 1:Summary of Buffett"Buffett: The Making of an American Capitalist" by Roger Lowenstein is a detailed biography of Warren Buffett, one of the most successful and respected investors of all time. The book delves deep into the life and investment philosophy of Buffett, tracing his rise from his early years in Omaha, Nebraska, to his position as the chairman and CEO of Berkshire Hathaway.Lowenstein provides a comprehensive look at Buffett's unique approach to investing, which is characterized by buying undervalued companies with strong intrinsic values and holding them for a long time. The biography highlights Buffett's emphasis on patient investing, his resistance to following market trends, and his commitment to his principles even when they are unfashionable.The book also explores Buffett's personal life, including his modest lifestyle despite his immense wealth, his philanthropic endeavors, and his relationships with family and friends. Lowenstein offers insights into Buffett's thoughts on business, economics, and life, revealing a portrait of a complex and thoughtful individual.Overall, Roger Lowenstein's "Buffett" is not just a biography but an exploration of the discipline and rationality required to be a successful investor. Through Buffett's story, Lowenstein illuminates broader lessons on investing and managing money.Chapter 2:The Theme of Buffett"Buffett: The Making of an American Capitalist" by Roger Lowenstein is a detailed biography of Warren Buffett, famed American investor and philanthropist. The book dives deeply into Buffett's life, from his early days as the son of a stockbroker in Omaha, Nebraska, through his ascension to become one of the wealthiest and most respected figures in the business world. Here are some of the key plot points, character development, and thematic elements inherent in the biography: Key Plot Points:1. Early Interest in Business: Buffett displayed an early fascination with numbers and an interest in making money, starting his first venture selling chewing gum and Coca-Cola at a young age.2. Education: Buffett attended the University of Nebraska and Columbia Business School, where he was mentored by Benjamin Graham, a legendary figure in the field of investment and known as the father of value investing.3. Partnership and Berkshire Hathaway: After working for Graham, Buffett returned to Omaha and started his own investment partnership. Eventually, this led him to take control of a struggling textile company called Berkshire Hathaway, which he transformed into a massive conglomerate.4. Investment Philosophy: Lowenstein details Buffett's focus on value investing, his skepticism of market trends and investment fads, and his incredible patience and discipline in investing.5. Personal Life: The biography does not overlook Buffett's personal life, including his marriage to Susan Thompson, their children, and his later relationship with Astrid Menks. Character Development:Over the course of the biography, Buffett is painted not just as a financial wizard but also as a complex individual with personal beliefs and philosophies that often contrast with the typical image of a billionaire. His frugality, dedication to ethical business practices despite immense financial pressures, and his commitment to philanthropy emerge as key traits. Thematic Ideas:1. Value of Ethical Investment: Buffett is portrayed as a paragon of ethical investing. He chose to invest in companies with sound business practices, and his strategies are shown as being antithetical to short-term gains at the expense of long-term stability and ethics.2. American Capitalism: The book reflects on how Buffett's story is interwoven with the larger narrative of American capitalism in the twentieth century, demonstrating the opportunities and pitfalls...

Haulin Assets Academy: https://www.haulinassetsacademy.com/   Throughout my military, business ownership and corporate careers I have held many different types of leadership positions. I have lead groups with just a few people to groups with hundreds of people. I am a much better leader today than I was 20 years ago. I hope this episode will give you some things to think about so you have a leg up to becoming a better leader. Keep in mind that a great leader positively impacts an organization in ways that are immeasurable. Great leadership is a multiplier for your organization. What To Expect From Episode 157 Whether you are a single owner operator or the owner of a fleet of trucks, you are the leader of your trucking company. I want to share some of the things I have learned over the years about being a good leader. Some of the greatest leadership lessons I have learned came during difficult circumstances. Here are a few of the leadership experiences I have had that have helped me gain experience: Army Engineer Company Commander in Afghanistan, starting and running multiple businesses, running businesses in difficult times and learning how to lead at the Army's Sapper Leader Course under extreme hunger and fatigue. During this episode, Craig and I break down and expound on the following keys I feel like are imperative to being a good leader for your trucking company. Here they are: Provide good direction and guidanceGood company policies The type of drivers you hire How big of a company you will be Build a good cultureSafety How hard your drivers run How your drivers are treated Hiring process Be a servant leaderFind ways you can serve your drivers Find ways to give your drivers a win Be self-awareBe honest with yourself, change the things you do that cause problems Leadership is a life-long endeavor. You should always work on your leadership skills. Here are some ways I like hone my leadership skills. Read great books on leadership, here is a list of some of my favorites:Good to Great, Jim Collins Speed of Trust, Steven Start With Why, Simon Sinek BiographiesUlysses S Grant Alexander Hamilton Buffet: Making of an American Capitalist, by Roger Lowenstein Steve Jobs, Walter Isaacson Elon Musk, Walter Isaacson Be reflective Get feedback

This is a long discussion between myself and Nelson – the Canadian Dividend Investor – about The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. There are really two definitive books about Warren Buffett – this one and Buffett: The Making of An American Capitalist by Roger Lowenstein. Lowenstein's book is excellent, but he wrote it in 1995 without the cooperation of Warren Buffett. The book was also written before Warren Buffett was extremely famous.The Snowball, in contrast, was written with the cooperation of Warren Buffett. Alice Schroeder covered Berkshire for Morgan Stanley and knew Warren Buffett personally. With his blessing, she began the project in 2003 and was given unprecedented access to Warren's files, spent a lot of time talking with him directly, and interviewed all of his close associates.The book is massive – 852 pages – and is a deep study on Warren Buffett's life.The book is controversial and we discuss that in this podcast. Warren Buffett hasn't publicly criticized it or disavowed it, but Alice Schroeder has commented that the portrayal was difficult for him at times. He doesn't endorse the book, it's not sold at the Berkshire meetings, and he appears to have distanced himself from Alice.I love the book and think it's filled with life & business lessons. I hope you enjoy our conversation about it.Links.* The Snowball: Warren Buffett and the Business of Life: https://www.amazon.com/Snowball-Warren-Buffett-Business-Life-ebook/dp/B009MYD9F8DisclaimerNothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products.  Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor's own objectives, experience, and resources.The information contained in this podcast & show notes is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This podcast, the host, and the guest do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This host & guest accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this content. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe

Chapter 1 What's the Book Buffett"Buffett: The Making of an American Capitalist" is a biography written by Roger Lowenstein that explores the life and investment strategies of Warren Buffett, one of the most successful investors in history. Published in 1995, the book delves into Buffett's early years, his journey to becoming a billionaire, and his approach to investing. It provides insights into his value investing philosophy, long-term thinking, and his unique ability to identify undervalued companies. The book offers readers a comprehensive understanding of Buffett's life, career, and the principles that guided his remarkable success in the world of finance.Chapter 2 Is the Book Buffett Worth ReadThe book "Buffett: The Making of an American Capitalist" by Roger Lowenstein is a highly regarded biography on the life and investing principles of Warren Buffett. It offers valuable insights into Buffett's investment philosophy, his strategies for success, and his overall approach to business. If you are interested in learning about one of the most successful investors of our time and gaining knowledge about value investing, then this book is definitely worth considering. It provides a comprehensive understanding of Warren Buffett's journey and the factors that contributed to his remarkable achievements. However, it's important to note that reading any book ultimately depends on personal preference and interests. If you have no interest in finance or investing, this book may not resonate with you as much. But if you are intrigued by the world of investing and want to learn from one of the best, "Buffett: The Making of an American Capitalist" is a recommended read.Chapter 3 Buffett SummaryBuffett: The Making of an American Capitalist is a remarkable biography that explores the life and achievements of one of the world's most renowned investors, Warren Buffett. This article delves into the captivating story documented in the book, shedding light on the fascinating journey that shaped Buffett into the legendary financier he is today. From his humble beginnings to his groundbreaking investment strategies, we uncover the key milestones and insights that have made Buffett an icon in the realm of finance. Join us as we unravel the secrets behind the making of this extraordinary American capitalist.Chapter 4 Buffett AuthorRoger Lowenstein is an American financial journalist and author. He has written several books on finance and investing, including "When Genius Failed: The Rise and Fall of Long-Term Capital Management" and "The End of Wall Street." Lowenstein is known for his ability to explain complex financial concepts in a clear and engaging manner. In "When Genius Failed," Lowenstein provides a detailed account of the collapse of the hedge fund Long-Term Capital Management (LTCM) in the late 1990s. He delves into the risky investment strategies employed by LTCM and how they ultimately led to its downfall. The book offers valuable insights into the dangers of excessive risk-taking and the interconnectedness of the global financial system. "The End of Wall Street" examines the causes and consequences of the 2008 financial crisis. Lowenstein analyzes the housing bubble, the practices of mortgage lenders, the role of rating agencies, and the failures of regulatory oversight that contributed to the crisis. He explores the aftermath of the crisis and raises important questions about the sustainability of the financial industry's practices. Overall, Roger Lowenstein's work provides readers with a deeper

The Intelligent InvestorThe Intelligent Investor Full Book Introduction This book covers all the classical investment practices any stakeholder needs to know. It has been known by many as the “Stock Market Investing Bible” since it was first published in 1949. This book analyzes the difference between “investment” and “speculation,” and discusses how investors respond to market fluctuations. It also introduces the core idea of value investing, “margin of safety,” and what strategies defensive and enterprising investors should use. Author : Benjamin GrahamBenjamin Graham, an American economist and investment guru, is the founder of value investing theory. He is known as “the Dean of Wall Street” and “the Father of Modern Security Analysis”. Graham was not only Warren Buffett's research supervisor at Columbia University's Business School, but he was also regarded by Buffett as his “spiritual mentor.” Overview | Chapter 1Hi, welcome to Bookey. Today, we will unlock the book The Intelligent Investor. When it comes to stock investment, most people's first reaction will be to think of Warren Buffett, the “Oracle of Omaha.” The book we're reading today is written by Benjamin Graham, whom Buffett,referred to as his “mentor for life.” When unlocking Buffett: The Making of an American Capitalist and The Snowball: Warren Buffett and the Business of Life, we mentioned that Buffet read The Intelligent Investor in 1950 when he was 19 years old. The book struck him immediately. Not long after, Buffett enrolled in Columbia University's Business School, where he studied value investing, with Graham as his mentor. Three years after graduation, Buffett got a job at Graham's company, and during his first two years there, Buffett learned about value investing strategies and grew his wealth from $9,800 to $174,000. When Buffett read The Intelligent Investor again in 1972, he said, “I read the first edition of this book early in 1950, when I was nineteen. I thought then that it was by far the best book about investing ever written. I still think it is.” Since its initial publication in 1949, the book has been regarded as a world-renowned classic in investment practices. It has been considered a revolutionary text often referred to as the "Stock Market Investing Bible" by investment gurus such as Warren Buffett. Buffett even wrote the preface and commentary for the book. It's been 40 years since the fourth edition of this book was published, and you may be wondering if the investment strategies mentioned in the book still hold true today. In fact, Graham himself emphasized in the introduction that the book focuses more on the principles of investing and the attitudes of investors. Therefore, we can still learn a lot today from this perspective. Benjamin Graham, an American economist and investment thinker, is the founder of value investing theory. He is known as “the Dean of Wall Street” and “the Father of Modern Security Analysis”. Graham was not only Warren Buffett's research supervisor at Columbia University's Business School, but also regarded by Buffett as his “spiritual mentor” throughout his life. His security analysis theory and knowledge of the field was a tremendous shock to the investment field, affecting almost three generations of the biggest fund managers on Wall Street. Next, we will unlock the book for you from three areas: First, the fundamentals of value investing; Second, investment suggestions for defensive investors; Last, investment suggestions for enterprising investors.

What I learned from reading The Women of Berkshire Hathaway: Lessons from Warren Buffett's Female CEOs and Directors by Karen Linder. ----This episode is brought to you by Meter: Meter is the easiest way for your business to get fast, secure, and reliable internet and WiFi in any commercial space. Go to meter.com/founders----I have these bronze busts of Warren Buffett and Charlie Munger in my home. If you want them in your house or office go to https://www.berkshirenerds.store. A fun side project by my friends at Tiny. ----Follow one of my favorite podcasts: Invest Like the Best and listen to episode 326 Alexis Rivas—A New Blueprint for Homebuilding ----Subscribe to listen to Founders Premium — Subscribers can listen to Ask Me Anything (AMA) episodes and ask me questions directly, and all future bonus episodes. ----Join my email newsletter to get my top 10 highlights from every book----[6:55] Mr. Buffett, we're going to put our competitors through a meat grinder. — Buffett: The Making of an American Capitalist by Roger Lowenstein. (Founders #182)[9:06] There are several "Going Out of Business" advertisements from competitors' stores framed and hanging on the wall.[13:26] As a general rule, bet on the quality of the business, not on the quality of the management-unless, of course, you've got a Mrs. B. in your hand. If that is the case, go all in. She was a business genius. —  The Tao of Charlie Munger (Founders #295)[20:46] Retirement is fatal. — David Ogilvy (Founders #189)[21:17] Business like raising a child, you want a good one. A child needs a mother and a business needs a boss.[21:44] What is your favorite thing to do on a nice evening? Drive around to check the competition and plan my next attack.[22:48] He was 52 and famous. I was 33 and a junior account executive. Early on, he wrote a letter to one of my clients. After listing eight reasons why some ads prepared by the company's design department would not be effective, he delivered his ultimate argument: The only thing that can be said in favor of the layouts is that they are “different.” You could make a cow look different by removing the udder. But that cow would not produce results. So began my “David” file. Almost everyone who worked at the agency kept one.— The King of Madison Avenue: David Ogilvy and the Making of Modern Advertising by Kenneth Roman. (Founders #169)[27:21] Buffet said: If she ran a popcorn stand I'd wanna be in business with her. She's just plain smart. She's a fierce competitor and she's a tireless worker.[27:37] Buffett “on how Mrs. B ran her business:One question I always ask myself in appraising a business is how I would like, assuming I had ample capital and skilled personnel, to compete with it. I'd rather wrestle grizzlies than compete with Mrs. B.They buy brilliantly, they operate at expense ratios on to t competitors don't even dream about, and they then pass on to their customers much of the savings.It's the ideal business—one built upon exceptional value to the customer that in turn translates into exceptional economics for its owners."[30:32] She hired a chauffeur who drove her around Omaha each day. The driver took her to other stores. She looked in the windows and checked to see how many cars were in their parking lots. It didn't take long for her to plan her revenge.[31:41] There was no looking back. She just swung.[33:12] I had lunch with Sam Zell (Founders #298)[34:07] Aspiring business managers should look hard at the plain, but rare, attributes that produced Mrs. B's incredible success. Students from 40 universities visit me every year, and I have them start the day with a visit to NFM. If they absorb Mrs. B's lessons, they need none from me.----Subscribe to listen to Founders Premium — Subscribers can listen to Ask Me Anything (AMA) episodes and ask me questions directly, and all future bonus episodes. ----Join my email newsletter to get my top 10 highlights from every book----I use Readwise to organize and remember everything I read. You can try Readwise for 60 days for free here.  ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Josh and Chris go live every 2nd week to discuss their businesses, recent progress, struggles and focus for the next few weeks. Resources we mentioned: Hotjar Auto GPT Total Recall by Arnold Schwarzenegger Mastering Uncertainty by Matt Watkinson  Amazon Unbound by Brad Stone Buffett: The Making of an American Capitalist by Roger Lowenstein Make sure to like/subscribe for more! Find Josh at https://solopreneurgrind.com/ Find Chris at https://conversionalchemy.net/ 00:00 Christopher discussed his busy agency work and how his content creation efforts are paying off in building his social media audience. He also talked about launching Facebook ads for his info product, collecting data, and planning to test a new landing page. Josh provided updates on his recent holiday weekend and work schedule. 10:26 Josh and Christopher discussed reviewing Facebook ads data and testing and editing the landing page. Christopher also wanted to decide whether to pivot the product idea into the freelancer side and mentioned possibly outsourcing social media work. 19:52 Christopher and Josh discussed repurposing Christopher's daily emails into videos for YouTube and other social media platforms. They also talked about hiring a sales team in India and improving the join page for SG. Christopher planned to explore the idea of repurposing his emails and Josh aimed to continue cold outreach and improve the join page. 30:20 Josh and Christopher discussed various tools and books they have been using and reading, including a new auto GPT application and books on Arnold Schwarzenegger and Warren Buffet. Josh also talked about starting a small accountability group for like-minded individuals. 39:24 Christopher and Josh discussed various topics including books they have read, Facebook ads, landing page testing, and the potential impact of AI on jobs. They also mentioned a new web browser app for auto GPT.

Podcast: Founders (LS 61 · TOP 0.1% what is this?)Episode: #286 Warren Buffett and Charlie MungerPub date: 2023-01-16What I learned from reading All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. ----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----Follow one of my favorite podcasts Invest Like The Best and listen to episode Mitch Lasky—The Business of GamingFollow the podcast Gamecraft to learn more about the history of the video game industry. ----[2:01] Buffett and Munger have a remarkable ability to eliminate folly, simplify things, boil down issues to their essence, get right to the point, and focus on simple and timeless truths.[3:00] The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Naval Ravikant and Eric Jorgenson.  (Founders #191)[4:00] Warren Buffet or Charlie Munger are the very wise grandfather figure that I never had.[5:00] To try to live your life totally free of mistakes is a life of inaction. —Warren Buffett[5:00] The sign above the players' entrance to the field at Notre Dame reads ´Play Like a Champion Today.' I sometimes joke that the sign at Nebraska reads 'Remember Your Helmet.' Charlie and I are 'Remember Your Helmet' kind of guys.' We like to keep it simple. (You must structure your life and business to be able to survive the inevitable bad decisions you're going to make.)[5:00] Wisdom is prevention. —Charlie Munger[6:00] We make actual decisions very rapidly, but that's because we've spent so much time preparing ourselves by quietly sitting and reading and thinking. —Charlie Munger[7:00] If you get into the mental habit of relating what you're reading to the basic underlying ideas being demonstrated, you gradually accumulate some wisdom. —Charlie Munger[7:00] At Berkshire, we don't have any meetings or committees, and I can think of no better way to become more intelligent than sit down and read. I hate meetings, frankly. I have created something that I enjoy: I happen to enjoy reading a lot, and I happen to enjoy thinking about things. —Warren Buffett[7:00] We both hate to have too many forward commitments in our schedules. We both insist on a lot of time being available to just sit and think. —Charlie Munger[8:00] I need eight hours of sleep. I think better. I have more energy. My mood is better. And think about it: As a senior executive, what do you really get paid to do? You get paid to make a small number of high-quality decisions. — Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson. (Founders #155)[9:00] I think people that multitask pay a huge price. When you multitask so much, you don't have time to think about anything deeply. You're giving the world an advantage you shouldn't do. Practically everybody is drifting into that mistake. I did not succeed in life by intelligence. I succeeded because I have a long attention span. —Charlie Munger[9:00] Jony Ive on Steve Jobs: Steve was the most remarkably focused person I've ever met. (Video)[11:00] It is just that simple. We've had enough good sense when something was working well, keep doing it. The fundamental algorithm of life: repeat what works. —Charlie Munger[13:00] ALL THE BUFFETT AND MUNGER EPISODES:Berkshire Hathaway Letters to Shareholders 1965-2018 by Warren Buffett. (Founders #88) The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. (Founders #100)The Tao of Warren Buffett by Mary Buffett & David Clark. (Founders #101) Buffett: The Making of an American Capitalist by Roger Lowenstein. (Founders #182) A Few Lessons for Investors and Managers From Warren Buffett by Warren Buffett and Peter Bevelin. (Founders #202) The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)  Tao of Charlie Munger by David Clark (Founders #78) Charlie Munger: The Complete Investor by Tren Griffin. (Founders #79) Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. (Founders #90) Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe. (Founders #221) [14:00] Buffett: It's an inversion process. Start out with failure, and then engineer its removal.[15:00] Munger: I figure out what I don't like instead of figuring out what I like in order to get what I like.[15:00] Repetition is the mother of learning.[17:00] Munger: You can see the results of not learning from others' mistakes by simply looking about you. How little originality there is in the common disasters of mankind. (Business failures through repetition of obvious mistakes made by predecessors and so on.)[18:00] Munger: History allows you to keep things in perspective.[18:00] Everything that needs to be said has already been said. But since no one was listening, everything must be said again.[19:00] Berkshire was a small business at one time. It just takes time. It is the nature of compound interest. You cannot build it in one day or one week.[20:00] Pretend that every single person you meet has a sign around his or her neck that says, “Make me feel important.”[22:00] Buffett: In almost 60 years of investing we found it practically useless to give advice to anyone.[23:00] Munger: One of my favorite stories is about the little boy in Texas. The teacher asked the class, If there are nine sheep in the pen and one jumps out, how many are left? And everybody got the answer right except this little boy, who said, None of them are left. And the teacher said, You don't understand arithmetic. And he said No, teacher. You don't understand sheep.[25:00] Quite often Henry simply talked about his philosophy of running a corporation and the various financial strategies that he came up with as he sat in his corner office each day, often working at his Apple computer. He was a brilliant business strategist, just as he was a brilliant chess strategist and he came up with many creative ideas, ideas that were sometimes contrary to the currently accepted methods of managing a large corporation that prevailed in those days.“He always tries to work out the best moves," Shannon said, "and maybe he doesn't like to talk too much, because when you are playing a game you don't tell anyone else what your strategy is." — Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by Dr. George Roberts. (Founders #110)[28:00] Buffett: The difference between successful people and very successful people is that very successful people say no to almost everything.[29:00] If you want to know whether you are destined to be a success or a failure in life, you can easily find out. The test is simple and it is infallible: Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as you live. The seed of success is not in you. — James J. Hill: Empire Builder of the Northwest by Michael P. Malone. (Founders #96)[31:00] Buffett: Life tends to snap you at your weakest link.[35:00] Sol Price: Retail Revolutionary & Social Innovator by Robert E. Price (Founders #107)[38:00] Paul Graham's essays (Founders #275-277)[39:00] I'm very suspect of the person who is very good at one business, who starts thinking they should tell the world how to behave on everything. —Warren Buffett[42:00] The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)[44:00] This life isn't a greenroom for something else. He went for it. —Bourdain: The Definitive Oral Biography by Laurie Woolever.[44:00] Buffett: We're here on the earth only one time so you ought to be doing something that you enjoy as you go along and you can be enthusiastic about.[48:00] Personal History by Katherine Graham. (Founders #152)[49:00] The problem is not getting rich, it is staying sane. —Charlie Munger[54:00] Learning is not memorizing information. Learning is changing your behavior. Most people can't learn from the experiences of other people: Charlie and I don't expect to win you over to our way of thinking—we've observed enough human behavior to know the futility of that, but we do want you to be aware of our personal calculus.[57:00] We are individual opportunity driven. Our acquisition technique at Berkshire is simplicity itself: We answer the phone.[1:00:00] A brand is a promise. —Warren Buffett[1:01:00] Obsess over customers. Buffett said this about Amazon in 2012: Amazon could affect a lot of businesses who don't think they will be affected. For Amazon, it is very hard to find unhappy customers. A business that has millions and millions of happy customers can introduce them to new items, it will be a powerhouse and could affect a lot of businesses.[1:03:00] Munger: We should make a list of everything that irritates a customer, and then we should eliminate those defects one by one.[1:04:00] Most companies, when they get rich, get sloppy.[1:05:00] Munger: One of the models in my head is the 'Northern Pike Model. You have a lake full of trout. But if you throw in a few northern pike, pretty soon there aren't many trout left but a lot of northern pike. Wal-Mart in its early days was the northern pike. It figured out how the customer could be better served and just galloped through the world like Genghis Kahn.[1:09:00] Practice! Michael Jordan: The Life by Roland Lazenby. (Founders #212)[1:10:00] Market forecasters will fill your ear, but they will never fill your wallet.[1:11:00] We don't have any new tricks. We just know the old tricks better.----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders PodcastThe podcast and artwork embedded on this page are from David Senra , which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Founders (LS 59 · TOP 0.5% what is this?)Episode: #286 Warren Buffett and Charlie MungerPub date: 2023-01-16What I learned from reading All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. ----Come see a live show with me and Patrick O'Shaughnessy from Invest Like The Best on October 19th in New York City. Get your tickets here! ----This episode is brought to you by: Tiny: Tiny is the easiest way to sell your business. Quick and straightforward exits for Founders.----Follow one of my favorite podcasts Invest Like The Best and listen to episode Mitch Lasky—The Business of GamingFollow the podcast Gamecraft to learn more about the history of the video game industry. ----[2:01] Buffett and Munger have a remarkable ability to eliminate folly, simplify things, boil down issues to their essence, get right to the point, and focus on simple and timeless truths.[3:00] The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Naval Ravikant and Eric Jorgenson.  (Founders #191)[4:00] Warren Buffet or Charlie Munger are the very wise grandfather figure that I never had.[5:00] To try to live your life totally free of mistakes is a life of inaction. —Warren Buffett[5:00] The sign above the players' entrance to the field at Notre Dame reads ´Play Like a Champion Today.' I sometimes joke that the sign at Nebraska reads 'Remember Your Helmet.' Charlie and I are 'Remember Your Helmet' kind of guys.' We like to keep it simple. (You must structure your life and business to be able to survive the inevitable bad decisions you're going to make.)[5:00] Wisdom is prevention. —Charlie Munger[6:00] We make actual decisions very rapidly, but that's because we've spent so much time preparing ourselves by quietly sitting and reading and thinking. —Charlie Munger[7:00] If you get into the mental habit of relating what you're reading to the basic underlying ideas being demonstrated, you gradually accumulate some wisdom. —Charlie Munger[7:00] At Berkshire, we don't have any meetings or committees, and I can think of no better way to become more intelligent than sit down and read. I hate meetings, frankly. I have created something that I enjoy: I happen to enjoy reading a lot, and I happen to enjoy thinking about things. —Warren Buffett[7:00] We both hate to have too many forward commitments in our schedules. We both insist on a lot of time being available to just sit and think. —Charlie Munger[8:00] I need eight hours of sleep. I think better. I have more energy. My mood is better. And think about it: As a senior executive, what do you really get paid to do? You get paid to make a small number of high-quality decisions. — Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson. (Founders #155)[9:00] I think people that multitask pay a huge price. When you multitask so much, you don't have time to think about anything deeply. You're giving the world an advantage you shouldn't do. Practically everybody is drifting into that mistake. I did not succeed in life by intelligence. I succeeded because I have a long attention span. —Charlie Munger[9:00] Jony Ive on Steve Jobs: Steve was the most remarkably focused person I've ever met. (Video)[11:00] It is just that simple. We've had enough good sense when something was working well, keep doing it. The fundamental algorithm of life: repeat what works. —Charlie Munger[13:00] ALL THE BUFFETT AND MUNGER EPISODES:Berkshire Hathaway Letters to Shareholders 1965-2018 by Warren Buffett. (Founders #88) The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. (Founders #100)The Tao of Warren Buffett by Mary Buffett & David Clark. (Founders #101) Buffett: The Making of an American Capitalist by Roger Lowenstein. (Founders #182) A Few Lessons for Investors and Managers From Warren Buffett by Warren Buffett and Peter Bevelin. (Founders #202) The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)  Tao of Charlie Munger by David Clark (Founders #78) Charlie Munger: The Complete Investor by Tren Griffin. (Founders #79) Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. (Founders #90) Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe. (Founders #221) [14:00] Buffett: It's an inversion process. Start out with failure, and then engineer its removal.[15:00] Munger: I figure out what I don't like instead of figuring out what I like in order to get what I like.[15:00] Repetition is the mother of learning.[17:00] Munger: You can see the results of not learning from others' mistakes by simply looking about you. How little originality there is in the common disasters of mankind. (Business failures through repetition of obvious mistakes made by predecessors and so on.)[18:00] Munger: History allows you to keep things in perspective.[18:00] Everything that needs to be said has already been said. But since no one was listening, everything must be said again.[19:00] Berkshire was a small business at one time. It just takes time. It is the nature of compound interest. You cannot build it in one day or one week.[20:00] Pretend that every single person you meet has a sign around his or her neck that says, “Make me feel important.”[22:00] Buffett: In almost 60 years of investing we found it practically useless to give advice to anyone.[23:00] Munger: One of my favorite stories is about the little boy in Texas. The teacher asked the class, If there are nine sheep in the pen and one jumps out, how many are left? And everybody got the answer right except this little boy, who said, None of them are left. And the teacher said, You don't understand arithmetic. And he said No, teacher. You don't understand sheep.[25:00] Quite often Henry simply talked about his philosophy of running a corporation and the various financial strategies that he came up with as he sat in his corner office each day, often working at his Apple computer. He was a brilliant business strategist, just as he was a brilliant chess strategist and he came up with many creative ideas, ideas that were sometimes contrary to the currently accepted methods of managing a large corporation that prevailed in those days.“He always tries to work out the best moves," Shannon said, "and maybe he doesn't like to talk too much, because when you are playing a game you don't tell anyone else what your strategy is." — Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by Dr. George Roberts. (Founders #110)[28:00] Buffett: The difference between successful people and very successful people is that very successful people say no to almost everything.[29:00] If you want to know whether you are destined to be a success or a failure in life, you can easily find out. The test is simple and it is infallible: Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as you live. The seed of success is not in you. — James J. Hill: Empire Builder of the Northwest by Michael P. Malone. (Founders #96)[31:00] Buffett: Life tends to snap you at your weakest link.[35:00] Sol Price: Retail Revolutionary & Social Innovator by Robert E. Price (Founders #107)[38:00] Paul Graham's essays (Founders #275-277)[39:00] I'm very suspect of the person who is very good at one business, who starts thinking they should tell the world how to behave on everything. —Warren Buffett[42:00] The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)[44:00] This life isn't a greenroom for something else. He went for it. —Bourdain: The Definitive Oral Biography by Laurie Woolever.[44:00] Buffett: We're here on the earth only one time so you ought to be doing something that you enjoy as you go along and you can be enthusiastic about.[48:00] Personal History by Katherine Graham. (Founders #152)[49:00] The problem is not getting rich, it is staying sane. —Charlie Munger[54:00] Learning is not memorizing information. Learning is changing your behavior. Most people can't learn from the experiences of other people: Charlie and I don't expect to win you over to our way of thinking—we've observed enough human behavior to know the futility of that, but we do want you to be aware of our personal calculus.[57:00] We are individual opportunity driven. Our acquisition technique at Berkshire is simplicity itself: We answer the phone.[1:00:00] A brand is a promise. —Warren Buffett[1:01:00] Obsess over customers. Buffett said this about Amazon in 2012: Amazon could affect a lot of businesses who don't think they will be affected. For Amazon, it is very hard to find unhappy customers. A business that has millions and millions of happy customers can introduce them to new items, it will be a powerhouse and could affect a lot of businesses.[1:03:00] Munger: We should make a list of everything that irritates a customer, and then we should eliminate those defects one by one.[1:04:00] Most companies, when they get rich, get sloppy.[1:05:00] Munger: One of the models in my head is the 'Northern Pike Model. You have a lake full of trout. But if you throw in a few northern pike, pretty soon there aren't many trout left but a lot of northern pike. Wal-Mart in its early days was the northern pike. It figured out how the customer could be better served and just galloped through the world like Genghis Kahn.[1:09:00] Practice! Michael Jordan: The Life by Roland Lazenby. (Founders #212)[1:10:00] Market forecasters will fill your ear, but they will never fill your wallet.[1:11:00] We don't have any new tricks. We just know the old tricks better.----Subscribe to listen to Founders Premium — Subscribers can ask me questions directly which I will answer in Ask Me Anything (AMA) episodes ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders PodcastThe podcast and artwork embedded on this page are from David Senra , which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Shane Parrish (The Knowledge Project & Farnam Street) explains why your New Year's resolutions won't last, the importance of ritual, and his most costly mistakes as an investor in the first episode of a new series on the Permanent Podcast called Outside Insights.  LINKS & MENTIONS FROM THIS EPISODE Visit Shane's website https://fs.blog/ Shane mentions Buffet: The Making of an American Capitalist by Roger Lowenstein (44:12).  Brent mentions Todd Peterson and Illuminations (31:22) https://illuminations.bible/  Follow Shane on twitter https://twitter.com/ShaneAParrish Follow Brent on twitter https:/https://twitter.com/BrentBeshore Follow David on twitter https://twitter.com/DavidACover  Visit https://www.permanentequity.com/ for more. TIMESTAMPS 0:00 Intro & About Shane Parrish 3:40 Meat and Greet 6:03 Why New Years Resolutions Always Fail 10:30 Ritual vs Discipline 13:59 From Intelligence to Knowledge 19:30 Two Kinds of Knowledge: Tactic and Perspective 22:31 Why Should People Care About Continuous Learning? 27:28 The Best Sources of Knowledge 33:06 What Should You Stop Doing? 36:47 A Good Position is Better Than A Good Decision 39:06 Efficiency vs Relationships 41:34 Shane the Investor 45:42 Biggest Mistakes You See New Investors Make 52:38 How Has Growing Your Resources Changed You? 55:07 What Would You Tell Your 30-Year-Old Self? 57:17 Five Minute Management & More Coming on the Permanent Podcast    

What I learned from reading All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. This episode is brought to you by: Tiny: Tiny is the easiest way to sell your business. Quick and straightforward exits for Founders.----Follow one of my favorite podcasts Invest Like The Best and listen to episode Mitch Lasky—The Business of GamingFollow the podcast Gamecraft to learn more about the history of the video game industry. ----[2:01] Buffett and Munger have a remarkable ability to eliminate folly, simplify things, boil down issues to their essence, get right to the point, and focus on simple and timeless truths.[3:00] The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Naval Ravikant and Eric Jorgenson.  (Founders #191)[4:00] Warren Buffet or Charlie Munger are the very wise grandfather figure that I never had.[5:00] To try to live your life totally free of mistakes is a life of inaction. —Warren Buffett[5:00] The sign above the players' entrance to the field at Notre Dame reads ´Play Like a Champion Today.' I sometimes joke that the sign at Nebraska reads 'Remember Your Helmet.' Charlie and I are 'Remember Your Helmet' kind of guys.' We like to keep it simple. (You must structure your life and business to be able to survive the inevitable bad decisions you're going to make.)[5:00] Wisdom is prevention. —Charlie Munger[6:00] We make actual decisions very rapidly, but that's because we've spent so much time preparing ourselves by quietly sitting and reading and thinking. —Charlie Munger[7:00] If you get into the mental habit of relating what you're reading to the basic underlying ideas being demonstrated, you gradually accumulate some wisdom. —Charlie Munger[7:00] At Berkshire, we don't have any meetings or committees, and I can think of no better way to become more intelligent than sit down and read. I hate meetings, frankly. I have created something that I enjoy: I happen to enjoy reading a lot, and I happen to enjoy thinking about things. —Warren Buffett[7:00] We both hate to have too many forward commitments in our schedules. We both insist on a lot of time being available to just sit and think. —Charlie Munger[8:00] I need eight hours of sleep. I think better. I have more energy. My mood is better. And think about it: As a senior executive, what do you really get paid to do? You get paid to make a small number of high-quality decisions. — Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson. (Founders #155)[9:00] I think people that multitask pay a huge price. When you multitask so much, you don't have time to think about anything deeply. You're giving the world an advantage you shouldn't do. Practically everybody is drifting into that mistake. I did not succeed in life by intelligence. I succeeded because I have a long attention span. —Charlie Munger[9:00] Jony Ive on Steve Jobs: Steve was the most remarkably focused person I've ever met. (Video)[11:00] It is just that simple. We've had enough good sense when something was working well, keep doing it. The fundamental algorithm of life: repeat what works. —Charlie Munger[13:00] ALL THE BUFFETT AND MUNGER EPISODES:Berkshire Hathaway Letters to Shareholders 1965-2018 by Warren Buffett. (Founders #88) The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. (Founders #100)The Tao of Warren Buffett by Mary Buffett & David Clark. (Founders #101) Buffett: The Making of an American Capitalist by Roger Lowenstein. (Founders #182) A Few Lessons for Investors and Managers From Warren Buffett by Warren Buffett and Peter Bevelin. (Founders #202) The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)  Tao of Charlie Munger by David Clark (Founders #78) Charlie Munger: The Complete Investor by Tren Griffin. (Founders #79) Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. (Founders #90) Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe. (Founders #221) [14:00] Buffett: It's an inversion process. Start out with failure, and then engineer its removal.[15:00] Munger: I figure out what I don't like instead of figuring out what I like in order to get what I like.[15:00] Repetition is the mother of learning.[17:00] Munger: You can see the results of not learning from others' mistakes by simply looking about you. How little originality there is in the common disasters of mankind. (Business failures through repetition of obvious mistakes made by predecessors and so on.)[18:00] Munger: History allows you to keep things in perspective.[18:00] Everything that needs to be said has already been said. But since no one was listening, everything must be said again.[19:00] Berkshire was a small business at one time. It just takes time. It is the nature of compound interest. You cannot build it in one day or one week.[20:00] Pretend that every single person you meet has a sign around his or her neck that says, “Make me feel important.”[22:00] Buffett: In almost 60 years of investing we found it practically useless to give advice to anyone.[23:00] Munger: One of my favorite stories is about the little boy in Texas. The teacher asked the class, If there are nine sheep in the pen and one jumps out, how many are left? And everybody got the answer right except this little boy, who said, None of them are left. And the teacher said, You don't understand arithmetic. And he said No, teacher. You don't understand sheep.[25:00] Quite often Henry simply talked about his philosophy of running a corporation and the various financial strategies that he came up with as he sat in his corner office each day, often working at his Apple computer. He was a brilliant business strategist, just as he was a brilliant chess strategist and he came up with many creative ideas, ideas that were sometimes contrary to the currently accepted methods of managing a large corporation that prevailed in those days.“He always tries to work out the best moves," Shannon said, "and maybe he doesn't like to talk too much, because when you are playing a game you don't tell anyone else what your strategy is." — Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by Dr. George Roberts. (Founders #110)[28:00] Buffett: The difference between successful people and very successful people is that very successful people say no to almost everything.[29:00] If you want to know whether you are destined to be a success or a failure in life, you can easily find out. The test is simple and it is infallible: Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as you live. The seed of success is not in you. — James J. Hill: Empire Builder of the Northwest by Michael P. Malone. (Founders #96)[31:00] Buffett: Life tends to snap you at your weakest link.[35:00] Sol Price: Retail Revolutionary & Social Innovator by Robert E. Price (Founders #107)[38:00] Paul Graham's essays (Founders #275-277)[39:00] I'm very suspect of the person who is very good at one business, who starts thinking they should tell the world how to behave on everything. —Warren Buffett[42:00] The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)[44:00] This life isn't a greenroom for something else. He went for it. —Bourdain: The Definitive Oral Biography by Laurie Woolever.[44:00] Buffett: We're here on the earth only one time so you ought to be doing something that you enjoy as you go along and you can be enthusiastic about.[48:00] Personal History by Katherine Graham. (Founders #152)[49:00] The problem is not getting rich, it is staying sane. —Charlie Munger[54:00] Learning is not memorizing information. Learning is changing your behavior. Most people can't learn from the experiences of other people: Charlie and I don't expect to win you over to our way of thinking—we've observed enough human behavior to know the futility of that, but we do want you to be aware of our personal calculus.[57:00] We are individual opportunity driven. Our acquisition technique at Berkshire is simplicity itself: We answer the phone.[1:00:00] A brand is a promise. —Warren Buffett[1:01:00] Obsess over customers. Buffett said this about Amazon in 2012: Amazon could affect a lot of businesses who don't think they will be affected. For Amazon, it is very hard to find unhappy customers. A business that has millions and millions of happy customers can introduce them to new items, it will be a powerhouse and could affect a lot of businesses.[1:03:00] Munger: We should make a list of everything that irritates a customer, and then we should eliminate those defects one by one.[1:04:00] Most companies, when they get rich, get sloppy.[1:05:00] Munger: One of the models in my head is the 'Northern Pike Model. You have a lake full of trout. But if you throw in a few northern pike, pretty soon there aren't many trout left but a lot of northern pike. Wal-Mart in its early days was the northern pike. It figured out how the customer could be better served and just galloped through the world like Genghis Kahn.[1:09:00] Practice! Michael Jordan: The Life by Roland Lazenby. (Founders #212)[1:10:00] Market forecasters will fill your ear, but they will never fill your wallet.[1:11:00] We don't have any new tricks. We just know the old tricks better.----Subscribe to listen to Founders Premium — Subscribers can ask me questions directly which I will answer in Ask Me Anything (AMA) episodes ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

The Life of Mr. Flint, Charles Stewart Mott. Mott was an early investor in General Motors Corporation, a Vice-President of the company, and a long-time Board of Directors Member. He also became one of the world's most prolific philanthropists by founding and overseeing the Charles Stewart Mott Foundation. This is Part Two of an interview with C.S. Mott biographer, Ed Renehan who shares remarkable stories from The life of "Mr. Flint" Charles Stewart Mott. Renehan's book "The Life of Charles Stewart Mott" is a comprehensive look at the life of one of the world's most successful American capitalists. The interview covers Mr. Mott's career, family life, travels, hobbies, and devotion to the Flint community and philanthropy. ----------- Ed Renehan's critically-acclaimed books published under his name include: Deliberate Evil: Nathaniel Hawthorne, Daniel Webster, The 1830 Murder of a Salem Slave Trader (Chicago Review Press, 2022) Dark Genius of Wall Street: The Misunderstood Life of Jay Gould, King of the Robber Barons (Basic Books, 2006) The Kennedys at War (Doubleday, 2001) The Lion's Pride (Oxford University Press, 1998). The Life of Charles Stewart Mott (University of Michigan Press, 2019) John Burroughs: An American Naturalist (Black Dome Press, 1992) The Secret Six (Crown, 1994). Ed Rehehan has appeared on PBS's The American Experience, NPR, and C-Span's BookTV and has written for publications ranging from The Wall Street Journal to The San Francisco Chronicle ------------ Books About Charles Stewart Mott: The Life of Charles Stewart Mott, published by University of Michigan Press, 2019, is available at local bookstores in Flint, Michigan, and major book retailers. Foundation for Living, by Clarence H. Young and William Grim, published by McGraw-Hill, 1963 -------- Learn more about C.S. Mott by visiting the following: Charles Stewart Mott, Wikipedia History and Founder-Mott Foundation Biography published by the C.S. Mott Foundation Michigan Historical Review Article on the Life of Charles Stewart Mott Change Agent: The Life and Legacy of Charles Stewart Mott, Class of 1897 Stevens Institute of Technology, Interview with Edward Renehan, author Charles Stewart Mott, A Back to the Bricks review of Charles Stewart Mott and his life in Flint --- Send in a voice message: https://anchor.fm/radiofreeflint/message

What I learned from reading Buffett: The Making of an American Capitalist by Roger Lowenstein.Subscribe to listen to the rest of this episode and gain access to 248 full length episodes.WHAT OTHER PEOPLE ARE SAYING:“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey.“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Founders is the only podcast I pay for and it's worth 100x the cost.”“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."Sign up to listen to the rest of this episode and get access to every full episode. You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. Sign up to listen to the rest of this episode and get access to every full episode. 

If you have ever found yourself wondering when is the right time to be buying or selling, you are not alone and this episode could be for you, In todays episode Dale is joined by Tony Kynaston from QAV. Part of the recipe for Tony's success was developing a simple checklist methodology that removes the emotion from his investing and throughout todays episode you will hear how this checklist was formed and why its so importantTony is also one half of the QAV podcast which stands for Quality at Value in which Tony discusses investment topics and concepts with his good mate Cameron who is new to the investment world. And he also runs the QAV investment community in which he helps to teach others this systematic approach to Investing.Links and ways to contact us

IN THIS EPISODE, YOU'LL LEARN:04:02 - How Warren Buffett already read financial statements when he was kid.12:05 - Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments.24:13 - How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him.25:41 - Why Warren Buffett never replaces management in the companies he acquirers.27:04 - How Warren Buffett picked the CEO of Salomon Brothers in a simple, yet very orthodox way.41:01 - Ask the Investors: How do you generate ideas for new stock investments?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Check out our five-page executive summary of Buffett: The Making of an American Capitalist.Roger Lowenstein's book, Buffett: The Making of an American Capitalist – Read reviews of this book.Alice Schroeder's book, The Snowball – Read reviews of this book.Preston, Trey & Stig's tool for picking stock winners and managing our portfolios: TIP Finance Tool.Get in early on medical technology, breakthroughs in ag tech and food production, solutions in the multi-billion dollar robotic industry, and so much more with a FREE OurCrowd account. Open yours today.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.Find Pros & Fair Pricing for Any Home Project for Free with Angi.Invest in the $1.7 trillion art market with Masterworks.io. Use promo code WSB to skip the waitlist.Invest in crypto and trade it without tax headaches with AltoIRA.If you're a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.Find joy in comfort with Faherty. Use promo code WSB to snag 20% off all your new spring staples!Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Live local in Melbourne and enjoy $0 Stamp Duty*!The interval fund, a breakthrough innovation. Only at Mackenzie.Take advantage of a free mortgage review and learn about custom loans that can save you big money with American Financing.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.Gain the skills you need to move your career a level up when you enroll in a Swinburne Online Business Degree. Search Swinburne Online today.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Deepak Shenoy wants to ask Amit Varma about the creator economy. Amit wants to talk to Deepak about finance and his new book. Episode 271 of The Seen and the Unseen is a crossover episode with the Capital Mind Podcast in which Amit and Deepak get a jugalbandi going. Also check out: 1. Deepak Shenoy on LinkedIn and Twitter. 2. Money Wise: Timeless Lessons on Building Wealth -- Deepak Shenoy. 3. Capitalmind, Deepak Shenoy's investment research and wealth management company. 4. The Capitalmind Podcast and YouTube channel. 5. Lessons in Investing (and Life) -- Episode 208 of The Seen and the Unseen (w Deepak Shenoy). 6. If You Are a Creator, This Is Your Time -- Amit Varma. 7. Episodes of The Seen and the Unseen on the creator ecosystem with Roshan Abbas, Varun Duggirala, Neelesh Misra, Snehal Pradhan, Chuck Gopal and Nishant Jain. 8. The Secret Life of Walter Mitty -- James Thurber. 9. Mungerilal Ke Haseen Sapne (on Wikipedia and YouTube). 10. The Truman Show -- Peter Weir. 11. Losing My Religion -- REM. 12. With or Without You -- U2. 13. Conversation and Society -- Episode 182 of The Seen and the Unseen (w Russ Roberts). 14. Econ Talk (by Russ Roberts) and Conversations with Tyler (by Tyler Cowen). 15. The Prem Panicker Files -- Episode 217 of The Seen and the Unseen (w Prem Panicker). 16. The Connell Guide to How to Write Well -- Tim de Lisle. 17. Amitava Kumar Finds the Breath of Life -- Episode 265 of The Seen and the Unseen. 18. The Life and Times of Abhinandan Sekhri -- Episode 254 of The Seen and the Unseen. 19. Rukmini Sees India's Multitudes -- Episode 261 of The Seen and the Unseen (w Rukmini S). 20. Addiction by Design: Machine Gambling in Las Vegas — Natasha Dow Schüll. 21. When Harry Met Sally -- Rob Reiner. 22. Dil Dhoondhta Hai Phir Wohi Fursat Ke Raat Din -- Bhupinder Singh. 23. Dave Barry on Amazon. 24. Indian Society: The Last 30 Years -- Episode 137 of The Seen and the Unseen (w Santosh Desai). 25. Gurpriya Sidhu's tweet thread on sitting alone at cafes. 26. Self-Esteem (and a Puddle) -- Amit Varma's post with Douglas Adams's puddle quote. 27. The Life and Times of Mrinal Pande -- Episode 262 of The Seen and the Unseen. 28. Men Are from Mars, Women Are from Venus -- John Gray. 29. The Blank Slate -- Steven Pinker. 30. $800,000 to Zero - The FASCINATING History of DaVinci Resolve -- Alex Jordan of Learn Color Grading. 31. Casey Neistat and MrBeast on YouTube. 32. 1000 True Fans — Kevin Kelly. 33. 1000 True Fans? Try 100 — Li Jin. 34. Sinocism -- Bill BIshop's Newsletter. 35. Steven Van Zandt: Springsteen, the death of rock and Van Morrison on Covid — Richard Purden. 36. Blueprint for Armageddon -- Episode 50-55 of Dan Carlin's Hardcore History. 37. The Universe of Chuck Gopal -- Episode 258 of The Seen and the Unseen. 38. Miss Excel on Instagram and TikTok. 39. How an Excel Tiktoker Manifested Her Way to Making Six Figures a Day — Nilay Patel. 40. AR Rahman on Spotify. 41. Nuclear Power Can Save the World — Joshua S Goldstein, Staffan A Qvist and Steven Pinker. 42. Beware of Quacks. Alternative Medicine is Injurious to Health -- Amit Varma. 43. Dave Chappelle on Netflix. 44. Ideas of India -- Shruti Rajagopalan's podcast. 45. Narendra Shenoy and Mr Narendra Shenoy -- Episode 250 of The Seen and the Unseen. 46. Superforecasting — Philip Tetlock and Dan Gardner. 47. Dunbar's Number. 48. Poker and Stock Markets -- Episode 47 of The Seen and the Unseen (w Mohit Satyanand). 49. So it's now 20,000, is it a big deal? -- Deepak Shenoy's famous ghazals post from 2007. 50. Hoshwalon Ko Khabar Kya -- Jagjit Singh, from Sarfarosh. 51. Tum Ko Dekha Toh Ye Khayal Aaya -- Jagjit Singh, from Saath Saath. 52. How I Made $4,790,000 in 2021 -- Ali Abdaal. 53. The Power of Imagination — Mohammed Salim Khan. 54. Don't Get Fooled By Success (2005) -- Amit Varma. 55. The Life and Times of Nirupama Rao -- Episode 269 of The Seen and the Unseen. 56. Zerodha Varsity. 57. The Motley Fool. 58. The YouTube Channels of Rachana Ranade and Ishmohit Arora. 59. Stock Market For Beginners (Hindi) -- Pranjal Kamra. 60. Everything You Need to Know About Finance and Investing in Under an Hour -- William Ackman. 61. Liar's Poker -- Michael Lewis. 62. Buffett: The Making of an American Capitalist -- Roger Lowenstein. 63. When Genius Failed -- Roger Lowenstein. 64. Peter Lynch on Amazon. 65. Market Wizards & The New Market Wizards by Jack D Schwager. 66. The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires -- Michael W Covel. 67. Invest Like the Best — Patrick O'Shaughnessy's podcast. 68. Books we Like: On Investing, Trading & More — The Capitalmind team. This episode is sponsored by CTQ Compounds. Check out The Daily Reader and FutureStack. Use the code UNSEEN for Rs 2500 off. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free!

Double Your Work Output in 60 mins: https://focusblocks.io 7 Day FREE Trial to “The Entrepreneur's Book Club”: https://2000books.com Get my Coaching & Mentorship on scaling your Online Business: https://www.2000books.com/grow  

What I'm reading:Buffett: The Making of an American Capitalist - https://amzn.to/37L6wnFCommon Stocks and Uncommon Profits - https://amzn.to/3so30cuTopics: Reysas LogisticsAlibabaChange HealthcareCardlyticsProsus/Naspers/TencentHoward Hughes CorpMicron TechnologyResources:ADI Newsletter - https://afterdinnerinvestor.substack.comPunch Card Investing episode 18 - https://youtu.be/E-S3GZUBLG4Clifford Sosin on Cardlytics $CDLX - https://youtu.be/mX0shUT5iwQClifford Sosin - Cardlytics: The Ad Platform with Purchasing Power - https://www.joincolossus.com/episodes/90410739/sosin-cardlytics-the-ad-platform-with-purchasing-power?tab=blocks

THIS WEEK: *What is “sexy” to you? Doesn’t matter. Amateur Nation will tell you. *What “changing the narrative” really does. Here’s a hint: *The ungrateful, amateur, Hollywood Elite: constantly biting the American Capitalist hands that feed them. Add these amateurs to the “boycotted and canceled” list! *Men, are you getting in shape? Well, you’re oppressing Amateur Nation! Drop those dumbbells and pickup a donut to make the weak feel better! PLUS: *On “Off Topic”: how to use a grocery cart properly, what men and women look for in the opposite sex, and 9 Things We’ve Been Told To Do in the Last 16 Months. *On “3 Pro Things”: a dessert pick, a great article of a fan’s perspective on NHRA drag racing, and a parody song for the times we live in. HAPPY BIRTHDAY, AMERICA! 
Get the book! https://amzn.to/2qWAOlz 
 Facebook: https://facebook.com/lousantinientertainment 
 Instagram: @lousantini3     
 Website: www.lousantini.com 
 YouTube: https://bit.ly/3bxForB LISTEN ON: ITunes, Spotify, Google Podcasts, Stitcher, Breaker, Pocketcasts, Overcast, Castbox, PlayerFM, PodOmatic, RadioPublic, Anchor, SoundCloud, iHeartRadio, Pandora, Deezer

Topics:What I've learned so far about Alibaba.Cash allocation update.Keeping an eye on oil service companies.Seritage CEO speaks.More thoughts on Seritage and a quote from Mohnish.Peter Theil and Ted Weschler.Why I deleted my Twitter account.What I'm reading:Buffett: The Making of an American Capitalist by Roger Lowenstein - https://amzn.to/2TaC1UvReferences:Alibaba: The House That Jack Ma Built - https://amzn.to/3xB3xsCJack Ma's Ant in Talks to Share Data Trove With State Firms - https://www.wsj.com/articles/jack-mas-ant-in-talks-to-share-data-trove-with-state-firms-11624442902Cash Flow of World's Oil Drillers Heads for Record $348 Billion - https://www.bloomberg.com/news/articles/2021-06-23/oil-producers-to-make-record-profits-this-year-report-saysSeritage Growth Properties - NAREIT Presentation - https://vimeo.com/565778496Seritage CEO Andrea Olshan on Unlocking Value for SRG Shareholders - https://youtu.be/JDwhhGPN9FMDozens of Ex-Sears Stores to Hit Market as CEO Culls Assets - https://www.bloomberg.com/news/articles/2021-06-24/dozens-of-ex-sears-stores-to-hit-market-as-new-ceo-culls-assetsLord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank - https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bankTed Weschler statement - https://www.documentcloud.org/documents/20971124-ted-weschler-statementWarren Buffett Filing Indicates Berkshire Hathaway Bought Back $6 Billion of Stock in 2nd Quarter - https://www.barrons.com/articles/warren-buffett-filing-indicates-berkshire-hathaway-bought-back-6-billion-of-stock-in-2nd-quarter-51624487156After Dinner Investor - https://afterdinnerinvestor.com/

What I learned from reading Buffett: The Making of an American Capitalist by Roger Lowenstein.Subscribe to listen to the rest of this episode and gain access to 190 full-length episodes. Subscribers learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. Learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. Subscribe now by tapping this link.

Buffett: The Making of an American Capitalist "วอร์เร็น บัฟเฟตต์: อภิมหาเศรษฐีใจบุญ" เขียนโดย Roger Lowenstein ชีวประวัติเล่มนี้ เป็นชีวประวัติที่สมบูรณ์และครบถ้วนที่สุดเกี่ยวกับบัฟเฟต อีกทั้งผู้เขียนยังมีความเชี่ยวชาญในด้านการลงทุน รวมถึงเป็นหนังสือที่บิล เกตส์แนะนำให้อ่านอีกด้วย . ราคาเล่มละ 445 บาท สามารถสั่งซื้อได้ที่ paperyard.co/product-page/9786167691718

Today's episode features the Co-Founder of Tiny Capital, Andrew Wilkinson. Tiny Capital owns 30+ companies and focuses on buying, starting, and investing in internet businesses. On this episode, Chris and Andrew discuss his childhood creating MetaLab which led him to help design some of the most well known companies like Slack and CoinBase. They also talk about the process of acquiring businesses, Andrew's habit of starting businesses when he's bored, his experience going public with WeCommerce and much more. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Follow Andrew on Twitter: www.Twitter.com/awilkinson (02:51) - Andrews Background MetaLab The Making of an American Capitalist  (09:50) - How did you think about money at an early age?  (13:54) - Do you consider yourself a designer? How did you learn this? (17:17) - Did you have founder’s guilt when it came time to replace yourself? (19:21) - Doing the Things You Hate Doing in Business (21:35) - Do you actually like reading a P&L and balance sheets? (22:16) - What’s an immediate ‘no’ of all the businesses that cross your desk? (26:00) - Once you’ve agreed to buy a business, what’s the process like going forward to close? (29:32) - Do you negotiate? (30:13) - Structuring CEO Comp and What Questions You’re Trying to Answer When Developing a Plan (32:27) - Will you steer founders to go get a bank loan for a new company project or will you deploy capital? (34:43) - If you had one hour to talk to each of your CEOs per year, what would you discuss with them? Tao of Charlie Munger (36:09) - Twitter Q: What is the key role, or person, to take a company from $500k-1M in revenue to $5-10M? (38:00) - You speak very highly of your partner Chris. What do you do and what does he do? (39:03) - Do y’all have a standing meeting or when do you communicate? (39:51) - WeCommerce  (43:17) - A Traditional IPO vs. a Reverse Takeover  (45:20) - When did you decide it was time to go public? (46:11) - What was your involvement in the Stamped Acquisition? (47:28) - What have you learned from Bill Ackman and how did you meet him? CharityBuzz (51:26) - What's your process like to go from an idea to the launch of a business? (58:19) - What’s the biggest thing content creators are missing when it comes to monetization? Joe Rogan Got Ripped Off by Spotify (1:02:34) - If you were the CEO of Twitter, what would you do to change the company? (1:06:38) - Is there a childhood experience that shaped where you would go in life?  (1:07:49) - What’s the best advice you’ve ever been given? (1:08:57) - How can people get in touch with you? Twitter: www.twitter.com/awilkinson

Thinking about a career in finance? This week you'll hear how a liberal arts undergrad degree nurtured curiosity and an analytical mind.  Get some amazing insights from this week's guest Jennifer Foster, Co-Chief Investment Officer at global investment management firm Chilton Investments.  Jennifer credits her liberal arts undergrad degree with her ability to think analytically.  This along with her natural curiosity to learn has supported Jennifer in her 23 years of success on Wall Street.  A few top tips and links to share:Be well-read = be interesting in interviewsA few great book recommendations from Jennifer:Shoe Dog: A Memoir by the creator of Nike, Phil KnightThe Lemonade Stand: What every entrepreneur should know to succeed in starting and running any businessA good bio on Warren Buffet, here are a few suggestions:Buffett: The Making of an American Capitalist, by Roger LowensteinThe Snowball: Warren Buffett and the Business of Life, by Alice SchroederDip your toe in an area that might be of interest. Accounting is a great class to check out for a career in finance.  A few online options: Coursera: Accounting Fundamentals coursesFor young women, if you're looking for a support or mentoring group, this seems worthy to check out:Financial Alliance for WomenNeed help figuring out your career path? or with your resume, LinkedIn or interview skills? Connect with Launch Career Strategies today!LAUNCH Career Strategies was founded by Karen Elders and Elyse Spalding. We help young professionals launch a successful career path with expert coaching services. Reach out today for an initial FREE coaching session.LinkedIn | Instagram | Facebook

Who makes money better than anyone else in the world? Many people would say it’s Warren Edward Buffet. Investors around the world are dying to know the secret of Buffett’s success. What made him so wealthy? What does his experience look like? This book records Buffett’s legendary life, from his childhood to his rise as one of the wealthiest men of his generation, and discusses his investment philosophy and life wisdom.

https://drive.google.com/drive/folders/1zDyF6kRAUHJKP14o1ldFV6_2YEkXkMGr?usp=sharing

listen in as I give my review of one of my favorite albums from FFDP. I will give back story about the band, facts about the band, and some cool stuff to know when they was recording this album. Hope you enjoy.

Today’s guest is Richard Cook, co-founder and portfolio manager at Cook & Bynum based in Birmingham, Alabama. Richard is a pure value investor. Both the depth and breadth of his thinking shined through in our conversation. We talked about Arca, a Mexican Coca-Cola bottler that Richard evaluated for the multi-decade durability of its business. We had a great conversation in which Richard detailed a high-level structural analysis of Arca’s business while at the same time deploying a unique brand of shoe leather research bumping along the roads of Mexico to visit local shops in order to understand the company’s execution and positioning. If you would like notes from today’s episode, please subscribe to our free newsletter. I hope you enjoy this conversation as much as I did. Feel free to email info@investingindepth.com with feedback. You can follow Cook & Bynum on their web site. 1:35 Path to becoming an investor: receiving 5 shares of 5 stocks as a third grade Christmas gift. Reading Roger Lowenstein’s, Buffett: The Making of An American Capitalist was a turning point. 6:00 Arca Continental is a Coca-Cola bottler based in Northern Mexico. Coca-Cola sells them syrup and they have an exclusive regional franchise to bottle and sell Coke.  8:00 How Arca Continental hit Richard’s radar screen. 10:25 Framework for evaluating businesses: circle of competence, business, people, and price.  10:30 Using old-fashioned shoe leather research. Richard drove from his home base in Birmingham, Alabama, to Mexico to visit small stores along back country dirt roads to evaluate the quality of Arca’s execution at its points of sale. “You want to understand why does the consumer choose your product and not someone else’s... and what does the company say those reasons are and do those match up.” 14:55 Identifying structural barriers to competition: Fragmentation of distribution. 22:18 Evaluating people — a critical aspect of emerging markets investing. “You usually have two sets of people. There’s management… there’s also the key shareholders, which is frequently a family or two or three and you have to triangulate on whether or not you want to be in business with this family.” 26:20 Investing in a less liquid name. “Most of the volume was going through a single broker … and we figured out that we needed to have a relationship with that broker…. You have to go find where the liquidity is.” 27:50 Monitoring areas of ongoing risk and uncertainty after making an initial investment: focusing on mega trends. 33:10 How Arca maintains its strength: investing in and strengthening the mom-and-pop store channel that distributes its Coke products. 38:24 Sizing the investment: Expected return divided by risk, which Richard defines as the how wide the range of outcomes relative to expectations may be. His write-up on avoiding losers  captures Richard’s unique approach to thinking about risk. He also has a terrific write-up on the Kelly Criterion, which was originally used in information theory and has served as a guide for Richard’s focus on maximizing geometric means rather than arithmetic means in investment decisions. The original Kelly paper is here and William Poundstone’s Fortune’s Formula is a history of John Kelly and Claude Shannon’s efforts at Bell Labs in the 1950s developing his formula. 45:44 Recommended reading Robert Massie’s Peter the Great for providing perspective on emerging markets across history. CV Wedgwood’s The Thirty Years War for providing perspective on the impact that a major reduction in the cost of communication can have on society. Anything by Peter Kaufman (there are a lot of YouTube videos). One of his insights is that if a business optimizes toward win-win solutions, that goes a long way toward decreasing risk and increasing durability: “All the people that interact with this business, are they winning? If they are, then that’s a lot more durable. You can say a lot more about what the profitability and durability of that business is 10, 15, 30 years from now.“ Richard was humble in not mentioning the Cook & Bynum web site. It contains a terrific Bookshelf section with recommended books as well as scores of fantastic “C&B Notes” covering a broad range of topics in investing and beyond. Note: This podcast is for educational purposes only and nothing here constitutes a recommendation or offer.

Buffett: The Making of an American Capitalist https://drive.google.com/drive/folders/1Bt9Tya2mMyvCx1dDioBwOSvxr6bpuCas?usp=sharing

On today’s show, we are happy to welcome someone we’ve wanted to have on for some time now, Andrew Wilkinson. He is currently a Managing Partner at Tiny Capital, as well as the Founder of MetaLab, which helped design Slack. Along with this, Andrew is also invested in a range of other companies. In this episode, we learn more about his incredible journey and how he grew a passion for tech and design into a range of flourishing businesses. Andrew also sheds light on his investing education and overcoming his initial reluctance to see the power of investments. For Andrew, being an entrepreneur is about freedom to create the life you want, and having time to pursue your interests, which is how he saw the value of delegating. This is not easy when you are starting out your entrepreneurial journey, as Andrew knows, but as a company scales, so too should the owner’s levels of delegation. We take a look at the types of businesses Tiny Capital is interested in and why they are only pursuing simple business models. Our conversation then takes a turn into a different interest of Andrew’s — subscription podcasts. We discuss why these are such effective, yet untapped income-generating models and Andrew shares some of the work they are doing in this space. We then circle back to Tiny and leadership more generally where Andrew unpacks the importance of incentives along with his characteristic lazy leadership style. Andrew’s self-reflexivity and ability to talk openly about his weaknesses is truly refreshing. This conversation was a great look into what it really means to be an entrepreneur. Be sure to tune in today!   TIME-STAMPED SHOW NOTES: [00:21] Before we jump into today’s interview, please rate, review, and subscribe to the Leveling Up Podcast! [01:16] Hear more about Andrew’s background and his varied business journey so far.  [06:58] What led Andrew to learn about investing and what stood out to him in his education. [09:39] Why Andrew is not a good CEO and what he has done to compensate for this. [10:41] Learn about a launchpad business and the opportunities it provides owners. [11:04] A common mistake entrepreneurs make: Building the first business to be venture-backed.  [12:50] What Andrew’s day-to-day looks like and the different activities he’s involved in. [14:09] The kinds of businesses that Tiny Capital is currently interested in. [16:05] How Tiny buys businesses and some of the terms they stipulate. [17:01] Insights on how Tiny brings companies down from unrealistic venture valuations.  [18:05] Tiny’s organizational structure and tips for anyone looking to start something similar. [20:58] Some of the characteristics that Andrew looks for when hiring a CEO. [21:48] Why hiring great executives when starting out is so difficult. [22:26] The different comp structures that are appropriate for these high-level executives. [23:13] How Tiny interprets profitability and different ways to manage cashflow. [24:18] The difficulties Tiny’s staff faced working on the range of entities and splitting attention. [26:10] Find out about subscription podcasts and why Andrew is so passionate about them. [31:09] Andrew’s interest in the No Code movement and why it’s valuable for business owners. [35:02] The motivation behind Tiny’s Twitter ads and their efficacy in relation to deal flow. [36:55] Andrew’s take on incentivization, common mistakes, and examples of good ones. [40:53] Incentive-related resources that have helped Andrew. [41:47] How Tiny thinks about company culture after founders have departed. [44:29] What it means to be a ‘lazy leader,’ and the role a CEO should play. [46:28] Books that have shaped Andrew as an investor.  [48:11] Andrew’s favorite tool that’s not part of his portfolio.   Resources From The Interview:   Tiny Capital MetaLab Andrew Wilkinson on Twitter  Andrew Wilkinson on LinkedIn Dribbble  Designer News Slack WeWork Steve Jobs TechCrunch Coinbase Shopify Warren Buffet SpaceX Berkshire Hathaway Zack Onisko Creative Market Supercast Tim Ferriss Joe Rogan DoubleUp Squarespace Flytographer Lambda School Bubble Coda Zapier Anthony Casalena on LinkedIn Charles Munger The Psychology of Human Misjudgment My First Million Superhuman SaneBox Jason Fried Basecamp HEY Must read books: The Dhandho Investor, Tao of Charlie Munger, Buffett: The Making of an American Capitalist   Leave Some Feedback:   What should I talk about next? Who should I interview? Please let me know on Twitter or in the comments below. Did you enjoy this episode? If so, please leave a short review here Subscribe to Leveling Up on iTunes Get the non-iTunes RSS Feed   Connect with Eric Siu:    Growth Everywhere Single Grain Eric Siu on Twitter

It's Independence Day! What better way to commemorate the end of an empire by sharing stories of it's wretched exploits. This week, we give some examples of radical fringe Americana, American eugenics, and American Capitalist propaganda.

It's Independence Day! What better way to commemorate the end of an empire by sharing stories of it's wretched exploits. This week, we give some examples of radical fringe Americana, American eugenics, and American Capitalist propaganda.

Tony Kynaston from QAV on how he makes quality returns in the markets. Louise Bedford - Unsung Hero Geoff Meers is a “bomb” and here is why. His role in the army was ‘bomb disposal’ and he has taken all the skills he learnt to the markets to stand himself in good stead to become an exceptional trader. Geoff has not only has grown himself he has helped other people make changes too.   Tony Kynaston Tony has been investing for 25 years and he has made every mistake under the sun. But after reading Warren Buffett’s book Making of an American Capitalist and The Check List Manifesto he began to trade systematically with a disciplined process in place. We talk about the key data points and metrics he uses before he invests, how Tony determines the value of a stock and what to pay for it. (4.20 mins) Why he believes CASH IS KING AND PROFIT IS AN OPINION. Tony describes his investing portfolio and explains what he means by value investing (10.15 mins.) At 11.15 mins we talk about Coronavirus and the effect it has had on the markets. And we discuss the rule of investing with the IRISH CALCULATOR. Do you know what that is? Your fingers. The message: don’t over complicate things. To hear more of Tony and his QAV podcast go to qavpodcast.com.au or QAV Investing Podcast on Facebook.  

In episode #8

“Free markets drive innovation!” It’s a narrative imparted to us ad nauseam. The ultimate catalyst of creation and progress — we’re told by policymakers, business executives, think tanks, and the media outlets that bolster them — in which great strides in healthcare, electronics, media, and other areas are the domain of private enterprise motivated by competition and profit, and unencumbered by state intervention. As the prospect of socialism — or at least the word “socialism” — regains currency in the West, these claims have resurged. Capitalism’s supporters insist that a profit-first system is the reason the world is always improving, lifting people out of poverty while equipping them with iPhones, WiFi, and central air conditioning. Socialism, they contend, hinders innovation because public ownership of the means of production removes the competition and profit that ostensibly incentivize creativity. But why are we expected to believe that concentrating ownership of the means of production in the hands of a few is the key to progress and prosperity for all? How is it that the most important metrics of “innovation” are consumer goods available to some, rather than socialized, need-based programs available to all? And above all, who does this narrative that “innovation” is driven by Anglo-American style Randian capitalism really serve? On this episode, we delve into these questions, looking at how the United States — the world’s foremost champion of capitalism — packages propaganda about its alleged innovation; the reasons capitalism not only fails to drive innovation, but also actively destroys it; and the U.S.’s brutal actions to thwart socialist efforts toward a more equitably and sustainable version of “innovation” at home and aboard. Our guest is Current Affairs associate editor Vanessa A. Bee.

Lucifer, better known as Mark Pellegrino from the hit show, Supernatural, sits with host Kurt Caceres and Travis Aaron Wade.  They jump straight into the obscure topic of Objectivism, a philosophy created by Ayn Rand.  Mark is a self proclaimed "Rational Warrior, real life Lucifer, co-founder of the American Capitalist party.  Be Free".  He struggled for decades until recently he finally give up the concept of God and become an Atheist.  He breaks down the truth about if Lucifer is the Villain or Hero? His discussion about Good vs Evil is not only complex, but mesmerizing.  He says "Hero's are rational and Villains are irrational". "Good allows Evil to survive".  "Lucifer was the first rebel against arbitrary authority and refused to bend to the will of God".  He entered with the apple and gave us the first knowledge of right vs wrong.   Then God bans them because now they have the freedom to think.  They are humanity.  As an actor who's made a career of playing bad guys, he explains how he gives his characters multiple dimensions so that the audience actually likes them and gets on their side.  This three-part series is a master class for all actors by one of the best in the business.  https://www.instagram.com/kurt_caceres/   https://www.instagram.com/wyna.podcast/   https://www.instagram.com/provenance_room/   https://www.instagram.com/travisaaronwade/   https://www.instagram.com/markrosspelle/      

The book may be 25 years old but the subject, Warren Buffett, remains a fascinating character. In this podcast. Roger shares what he discovered through his exhaustive research on Buffett which included conversations with neighbors in Omaha, college classmates and investors. You will learn about Buffett's habits, his talents and the types of businesses he invests in. With the gift of time, Roger also provides his perspective on what has changed about Buffett in the intervening years and what has remained constant. Enjoy (and be sure to pick up the book too)!

Another off the wall Christmas conversation because why not?! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/jamison-speed/support

Financial Writer and Author Roger Lowenstein has written for the Wall Street Journal and authored the bestselling book Buffett: The Making of an American Capitalist. In this episode Roger discusses his views on the next financial crisis, the Federal Reserve and the political landscape heading into 2020. Are we facing another financial crisis? And has America's Central Bank been a success? Join us in this episode of Trading Global Markets Decoded to find out.

Now US territory, South Florida begins attracting a whole new type of character - the American Capitalist. Under the watchful eye of a young nation, a booming business develops out of an age-old trade, bringing prosperity…and competition.

Nos vamos a México DF para hablar con Santiago Zavala, director de 500 Startup LatAm, una de las aceleradoras de empresas más importantes de toda Latinoamérica. Han apoyado a 130 empresas, algunas con éxitos espectaculares. Sus "acelerados" facturaron en 2017 más de 200 millones de dólares. Con Santiago hablamos de: - lo que buscan como aceleradora en empresas que quieren participar en su programa - el proceso de selección para llegar a ser una empresa 500 Startups - ¿Qué sucede a nivel económico y humano cuando entras en una aceleradora? - Qué datos de inversión y de beneficios han estado manejando con las empresas a las que están apoyando - el perfil que debe tener tu idea y tu startup para ser una posible candidata con posibilidades - qué hacer cuando arrancas una startup y tienes un comienzo dificil - qué hacer si tu empresa va bien y no crees necesitar invertir tiempo o dinero en nuevas tecnologías - cómo saber cuándo debes retirarte de un emprendimiento     ENLACES DE INTERÉS:  Libros recomendados:  - Hackers & Painters, de Paul Graham: https://amzn.to/2H7qUBh - Venture Capitalists at Work, de Tarang Shah y Shetaal Shah: https://amzn.to/2GvzJ6H  - Buffett: The Making of an American Capitalist, de Roger Lowenstein: https://amzn.to/2Gwlqmn   Información sobre dónde encontrar a Santiago: - Twitter: https://twitter.com/dfect - web de 500: http://500mexicocity.com/ - Su web de noticias: https://esquina.co   En esta página encuentras las notas del episodio de hoy: https://librosparaemprendedores.net/mpe024 ________ Episodio patrocinado por Instituto de Emprendedores: Conoce el Plan Midas, 5 fases y 10 pasos para pasar de no tener ni siquiera una idea de negocio a tener una empresa de éxito, funcionando, generando ingresos y calidad de vida para ti y los tuyos. Enfócate en conseguir tus metas con una empresa que te proporcione los mejores resultados. El Instituto de Emprendedores te da el plan de ruta para alcanzarlo. Contenidos, cursos y coaching grupal con Luis Ramos, de Libros para Emprendedores. Consigue tus metas, ¡AHORA!  ________ ¿Necesitas un hosting de garantías para tu página web? ¿Rápido y con el mejor servicio al cliente? En Libros para Emprendedores utilizamos Siteground, porque nos da flexibilidad, rapidez en el servidor y rapidez en el servicio. Habiendo probado muuuuchas otras opciones, nos quedamos con Siteground, porque por muy poco más, obtienes mucha más calidad y tranquilidad. Haz click aquí para obtener un 60% de descuento al contratar tu servidor Siteground: https://librosparaemprendedores.net/siteground  _______________ Esta es nuestra página oficial de Facebook: https://librosparaemprendedores.net/facebook  Además, recuerda que puedes suscribirte al podcast en: - Nuestra página: https://librosparaemprendedores.net/feed/podcast - iTunes: https://itunes.apple.com/mx/podcast/libros-para-emprendedores/id1076142249?l=es - Youtube: http://www.youtube.com/c/LibrosparaemprendedoresNet - Spotify: https://open.spotify.com/show/0qXuVDCYF8HvkEynJwHULb - iVoox: 

Nos vamos a México DF para hablar con Santiago Zavala, director de 500 Startup LatAm, una de las aceleradoras de empresas más importantes de toda Latinoamérica. Han apoyado a 130 empresas, algunas con éxitos espectaculares. Sus "acelerados" facturaron en 2017 más de 200 millones de dólares. Con Santiago hablamos de: - lo que buscan como aceleradora en empresas que quieren participar en su programa - el proceso de selección para llegar a ser una empresa 500 Startups - ¿Qué sucede a nivel económico y humano cuando entras en una aceleradora? - Qué datos de inversión y de beneficios han estado manejando con las empresas a las que están apoyando - el perfil que debe tener tu idea y tu startup para ser una posible candidata con posibilidades - qué hacer cuando arrancas una startup y tienes un comienzo dificil - qué hacer si tu empresa va bien y no crees necesitar invertir tiempo o dinero en nuevas tecnologías - cómo saber cuándo debes retirarte de un emprendimiento     ENLACES DE INTERÉS:  Libros recomendados:  - Hackers & Painters, de Paul Graham: https://amzn.to/2H7qUBh - Venture Capitalists at Work, de Tarang Shah y Shetaal Shah: https://amzn.to/2GvzJ6H  - Buffett: The Making of an American Capitalist, de Roger Lowenstein: https://amzn.to/2Gwlqmn   Información sobre dónde encontrar a Santiago: - Twitter: https://twitter.com/dfect - web de 500: http://500mexicocity.com/ - Su web de noticias: https://esquina.co   En esta página encuentras las notas del episodio de hoy: https://librosparaemprendedores.net/mpe024 ________ Episodio patrocinado por Instituto de Emprendedores: Conoce el Plan Midas, 5 fases y 10 pasos para pasar de no tener ni siquiera una idea de negocio a tener una empresa de éxito, funcionando, generando ingresos y calidad de vida para ti y los tuyos. Enfócate en conseguir tus metas con una empresa que te proporcione los mejores resultados. El Instituto de Emprendedores te da el plan de ruta para alcanzarlo. Contenidos, cursos y coaching grupal con Luis Ramos, de Libros para Emprendedores. Consigue tus metas, ¡AHORA!  ________ ¿Necesitas un hosting de garantías para tu página web? ¿Rápido y con el mejor servicio al cliente? En Libros para Emprendedores utilizamos Siteground, porque nos da flexibilidad, rapidez en el servidor y rapidez en el servicio. Habiendo probado muuuuchas otras opciones, nos quedamos con Siteground, porque por muy poco más, obtienes mucha más calidad y tranquilidad. Haz click aquí para obtener un 60% de descuento al contratar tu servidor Siteground: https://librosparaemprendedores.net/siteground  _______________ Esta es nuestra página oficial de Facebook: https://librosparaemprendedores.net/facebook  Además, recuerda que puedes suscribirte al podcast en: - Nuestra página: https://librosparaemprendedores.net/feed/podcast - iTunes: https://itunes.apple.com/mx/podcast/libros-para-emprendedores/id1076142249?l=es - Youtube: http://www.youtube.com/c/LibrosparaemprendedoresNet - Spotify: https://open.spotify.com/show/0qXuVDCYF8HvkEynJwHULb - iVoox: http://www.ivoox.com/ajx-suscribirse_jh_266011_1.html - Spreaker: http://www.spreaker.com/user/8567017/episodes/feed - Stitcher: http://www.stitcher.com/s?fid=81214   y seguirnos en Twitter ( https://twitter.com/EmprendeLibros ) y en Facebook ( https://www.facebook.com/EmprendeLibros/ ).

My guest this week is another in a recent series of people that makes me want to work harder, learn more, and do more for others. His name is Savneet Singh, and he has already accomplished a remarkable amount in the worlds of business and investing. He’s preferred to keep a bit of a low profile, but I’m hoping, for everyone’s sake, to change that a little bit. Savneet has invested in unique things like Spanish real estate, famous startups like Uber, cryptocurrencies before they were cool, and even websites. He founded and built a fintech company. And now, he both a partner at the wide-ranging investment firm CoVenture, with my previous guest Ali Hamed, and the co-founder of Tera Holdings, which is trying to become the Berkshire Hathaway of software companies. To say this conversation is wide-ranging is an understatement. What’s neat is that my favorite parts aren’t even on investing, but are instead on principles for living.                                                                                                     Savneet is one of the best people I’ve met in this journey. I’ve had several other conversations with him with shockingly low overlap with the one you are about to hear—a testament to his active and curious mind. I hope you enjoy learning from him as much as I have. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Links Referenced Ali Hamed podcast episolde The VERY simple bear case for bitcoin Owl Mountain Books Referenced Buffett: The Making of an American Capitalist The Gorilla Game: Picking Winners in High Technology   Show Notes 2:30 – (First Question) – How Savneet started thinking about Spanish real estate. 4:29 – Why Airbnb could be the most impactful and interesting of the companies like this 5:25 – Savneet’s early entrepreneurial ventures   6:42 – His big investing influences             7:02 – Buffett: The Making of an American Capitalist  7:40 – What did Savneet learn in his two years on the sell-side of Wall Street  8:50 – How the financial crisis impacted Savneet  10:11 – The entrepreneurial journey and GBI  11:40 – Savneet’s observations on the FinTech space and investing in it  14:59 – How we can use FinTech to get into an actual new business  16:22 – His thoughts on venture capital style investing  18:36 – Transition out of GBI into his partnership with Ali Hamed  20:46 – What Savneet took from his tennis career  22:13 – The impactful things that his parents did for him  23:23 – How Savneet thinks about justice in his life  24:39 – Most memorable trip Savneet took  25:50 -  Why you have to take action  26:19 – Why value investing struck a chord with Savneet   27:22 – How culture plays an important role in the compounding companies he would invest in  28:14 – Defining the proper long-term mindset when starting a company  29:44 – Back to culture of successful compounding companies  31:21 – Knowing what he knows now, what does he think about Berkshire today  33:22 – The strategy behind Terra and how it came together 35:00 – His checklist for deciding to invest in a firm 37:31 – How do they think about the defensibility of the companies they invest in 39:58 – The importance of cyclicality in the customer base of companies they invest in 41:38 – Why does Savneet think this is the space he wants to remain in for the long-term 44:39 – How they are thinking about pricing a company they invest in 47:03 – Lessons learned in sales and marketing that he can and will bring to the software world 52:05 – What Savneet has learned from Constellation 54:39 – What does Savneet’s funnel for bringing in new companies look like 56:31 – What helps to drive a lot of conversion for them 59:08 – What lessons has Savneet learned about taxes in their company structure 1:00:32 – How does Terra think about diversification 1:02:13 – How they think about capital sourcing 1:05:08 – His balanced view on crypto as an asset class             1:05:18 – The VERY simple bear case for bitcoin 1:09:45 – Savneet shares the Sikh philosophy with Patrick 1:11:43 – What Sikh traditions does Savneet take part in and what are their significance to him 1:13:21 – A look at Owl Mountain             1:15:59 – The Gorilla Game: Picking Winners in High Technology 1:16:42 – Any other areas that people are underestimating 1:17:22 – Kindest thing anyone has done for Savneet Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

You Don't Meet In An Inn turns BAD (SO BAD) this episode as Christine Blight, Jason Kang, Austin Ramsay, and Erin Rodgers play villains! All they want to do is remake the world in their image but their nemesis BANK MANAGER keeps foiling their efforts! How long will they be able to survive against a foe as persistent as capitalism? Please take a couple minutes to fill out the survey Jason mentioned in this episode to help us better understand our audience and improve the show! 'Unbelievable Macho Bullshit' is by Erika Chappell and is available here! You can follow us on Twitter here, or email us at YouDontMeetInAnInn@gmail.com You can also like our Facebook page or subreddit for regular updates. If you'd like to support the podcast please rate and review us on iTunes, or share us with your friends on social media! You can find Jason's twitter here! You can find Erin's twitter here!   "Pump Sting" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ “Rhinoceros” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ “Danse Macabre - Big Hit 1” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ “Twisted” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ Black Vortex Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Join Jason Hartman as he interviews author and financial journalist Roger Lowenstein regarding the history of Wall Street's demise. Roger talks about the increases in choice, risk, hedging, more volatility, and how free markets are open to speculation, greed, fear and manipulation. There are more markets today susceptible to booms and busts. In the old days, local bankers determined loan eligibility. Today, bankers internationally, who don't know anything about their clientele, determine eligibility, often to the detriment of the borrowers. Roger and Jason debate whether Wall Street needs more regulation or deregulation, and discuss the consequences of government interference. They also talk about many of the Wall Street mistakes and the corporations that were rescued by the bailouts and the unprecedented number of failed mortgages.  They end their discussion with observations of the Occupy Wall Street movement. Roger Lowenstein graduated from Cornell University and was a reporter for the Wall Street Journal for more than a decade, including two years writing it's “Heard on the Street” column. He has published five books, including The End of Wall Street, When Genius Fails, and Buffet: The Making of an American Capitalist. He is also the director of Sequoia Fund. Roger is the son of Helen and Louis Lowenstein. His father was an attorney and Columbia University law professor who wrote books and articles critical of the American financial industry. Roger himself has also written numerous financial articles.  

In this episode, Preston and Stig discuss the key aspects of the book, Buffett: The Making of an American Capitalist by Roger Lowenstein.Click here to get full access to our show notes.

Join Jason Hartman as he interviews author and financial journalist Roger Lowenstein regarding the history of Wall Street's demise. Roger talks about the increases in choice, risk, hedging, more volatility, and how free markets are open to speculation, greed, fear and manipulation. There are more markets today susceptible to booms and busts. In the old days, local bankers determined loan eligibility. Today, bankers internationally, who don't know anything about their clientele, determine eligibility, often to the detriment of the borrowers. For more details, listen at: www.JasonHartman.com. Roger and Jason debate whether Wall Street needs more regulation or deregulation, and discuss the consequences of government interference. They also talk about many of the Wall Street mistakes and the corporations that were rescued by the bailouts and the unprecedented number of failed mortgages.  They end their discussion with observations of the Occupy Wall Street movement. Roger Lowenstein graduated from Cornell University and was a reporter for the Wall Street Journal for more than a decade, including two years writing it's “Heard on the Street” column. He has published five books, including The End of Wall Street, When Genius Fails, and Buffet: The Making of an American Capitalist. He is also the director of Sequoia Fund. Roger is the son of Helen and Louis Lowenstein. His father was an attorney and Columbia University law professor who wrote books and articles critical of the American financial industry. Roger himself has also written numerous financial articles.

Ivan Moody & Zoltan Bathory of FFDP guest on Full Metal Jackie Radio to premiere the title track off AMERICAN CAPITALIST, and more! Aired the weekend of 10/7-10/9 on rock stations nationwide. For more info go to fullmetalajackieradio.com