POPULARITY
Categories
Most people think getting rich is about saving harder or finding the next hot stock. It's not. It's about owning things. After 15 years on Wall Street, I learned the hard way that the wealthy don't get there by trading time for money or chasing tickers. They build ownership in boring, cash-flowing businesses that most people overlook. In this episode, I break down the exact investment framework I use today: just three categories I actually care about, why I ignore single stocks and hot tips, and how private business ownership became my unfair advantage. We dive into why Buffett doubled his money at 20% per year while the S&P did half that, why leverage magnifies your mistakes more than your wins, and why volatility isn't risk — not knowing what you're doing is. But this isn't theory. It's applied finance from the trenches. You'll learn:• Why the market is more concentrated and leveraged than almost any point in modern history• How to think like Buffett: buy businesses, not price movements• Why inflation and AI are quietly eating your W2 income while you sleep• The difference between speculation and actual investing (and why most people confuse the two)• How one woman bought six pack-and-ship stores while keeping her tech job• Why Charlie Munger said the best businesses don't require you to be a genius to run them• The three types of risk in every deal: product, market, and execution• How to negotiate by understanding the seller's incentives, not just your own• Why speed and ownership are the only real hedges against what's coming If you're tired of watching your salary get chipped away by inflation, or if you've ever wondered how people actually build wealth without a finance degree or a trust fund, this episode will change how you think about money, ownership, and what it actually takes to win in 2026. Also hi I'm Codie and I run an investment and advisory firm that helps you buy and build businesses. Every year we do one 3 day virtual workshop to help you find, finance and learn to do deals live. Come learn what Wall Street (and your boss or competitors) hope you never learn: https://contrarianthinking.biz/MSML_BDYT26 ___________ 00:00:00 Introduction 00:00:22 The Three-Investment Portfolio: Why Less Is More 00:00:59 Buffett's 5.5 Million Percent Return: The Power of Selectivity 00:01:45 The 2026 Market Warning: Debt, AI Valuations, and Leverage Risk 00:03:40 Volatility Is Not Risk: Risk Is Not Knowing What You're Doing 00:07:43 The Asset Ownership Race With AI: Own the Farm or Be the Donkey 00:09:10 Main Street Millionaire Live: Your Path to Business Ownership 00:10:16 Build Durable Advantages: Moats, Brands, and Networks That Protect Profits 00:10:39 Nui's Story: From Big Tech to Six Pack and Ship Stores 00:14:20 Charlie Munger on Simple Business Models: Take a Simple Idea Seriously 00:15:30 The Three Risks Framework: Product, Market, and Execution 00:16:37 The Power of Incentives: Understanding What Drives Every Deal 00:18:13 Speed Wins: Why Moving Fast Makes You More Money 00:20:15 The Main Street Revolution: Your Generational Wealth Creation Event ___________ MORE FROM BIGDEAL
Warren Buffett no construyó su historia con prisa, sino con paciencia. Mientras el mercado se mueve por impulsos, él se hizo famoso por hacer lo contrario: esperar, leer, entender y apostar solo cuando tenía sentido.En este documental repasamos su camino desde sus primeros años —marcados por los números, la disciplina y una curiosidad obsesiva— hasta la creación de Berkshire Hathaway y la filosofía que lo convirtió en una referencia mundial del value investing. También entramos en los momentos que definieron su carrera: su sociedad con Charlie Munger, el poder de las decisiones a largo plazo y el episodio de Salomon Brothers que puso a prueba su reputación.Únete a DC Community y accede a contenido exclusivo y una comunidad que te impulsa a crecer.
Warren Buffett no construyó su historia con prisa, sino con paciencia. Mientras el mercado se mueve por impulsos, él se hizo famoso por hacer lo contrario: esperar, leer, entender y apostar solo cuando tenía sentido. En este documental repasamos su camino desde sus primeros años —marcados por los números, la disciplina y una curiosidad obsesiva— hasta la creación de Berkshire Hathaway y la filosofía que lo convirtió en una referencia mundial del value investing. También entramos en los momentos que definieron su carrera: su sociedad con Charlie Munger, el poder de las decisiones a largo plazo y el episodio de Salomon Brothers que puso a prueba su reputación. Únete a DC Community y accede a contenido exclusivo y una comunidad que te impulsa a crecer.
Discover how to spot undervalued stocks like Ecopetrol S.A. (NYSE: EC) using the proven QAV (Quality at Value) methodology from Tony Kynaston – a systematic, checklist-driven approach inspired by Warren Buffett and Charlie Munger to beat the market. In this Weekend Watchlist episode, Cameron from QAV dives deep into Ecopetrol (EC): Colombia's largest integrated oil & gas company (government-owned ~88%), with a virtual monopoly on pipelines, massive refining ops, and a recent push into energy transmission via ISA acquisition.Discover how to pick winning stocks and beat the S&P 500 with Tony Kynaston's proven QAV (Quality at Value) investing methodology.It's a systematic checklist for identifying undervalued quality companies, timing buys and sells with a "three-point trend line" and avoiding market noise. QAV America has delivered 64% returns since September 2023 vs. the S&P 500's 54%, perfect for beginners and pros seeking long-term compounding.Learn about the checklist manifesto, operating cash flow focus, and why QAV is expanding to cover US stocks. Use promo code SFBUS for 20% off QAV plans: QAV Club America (annual/monthly) for full tools and community, or QAV America Light for simple buy/sell signals. Start your 14-day free trial by clicking this link. Subscribe to this channel for more stock picking tips, value investing strategies, and market-beating ideas.Australian and investing in the ASX and ready to go beyond ETFs, learn from the master - Tony Kynaston's QUALITY AT VALUE. Sign up with code SFB for a 20% discount on QAV Club plan or SFBLIGHT for a free month of QAV Light by clicking this link. for Australians or those wanting to invest in Australian stocks.Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Stocks for Beginners is a production of Finpods Pty Ltd. The advice shared on Stocks for Beginners is general in nature and does not consider your individual circumstances. Opinions expressed by guests are theirs alone and may not represent the views of Finpods, Money Sherpa, or Phil Muscatello. Stocks for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD, and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.
Discover how to spot undervalued stocks like Ecopetrol S.A. (NYSE: EC) using the proven QAV (Quality at Value) methodology from Tony Kynaston – a systematic, checklist-driven approach inspired by Warren Buffett and Charlie Munger to beat the market. In this Weekend Watchlist episode, Cameron from QAV dives deep into Ecopetrol (EC): Colombia's largest integrated oil & gas company (government-owned ~88%), with a virtual monopoly on pipelines, massive refining ops, and a recent push into energy transmission via ISA acquisition.Discover how to pick winning stocks and beat the S&P 500 with Tony Kynaston's proven QAV (Quality at Value) investing methodology.It's a systematic checklist for identifying undervalued quality companies, timing buys and sells with a "three-point trend line" and avoiding market noise. QAV America has delivered 64% returns since September 2023 vs. the S&P 500's 54%, perfect for beginners and pros seeking long-term compounding.Learn about the checklist manifesto, operating cash flow focus, and why QAV is expanding to cover US stocks. Use promo code SFBUS for 20% off QAV plans: QAV Club America (annual/monthly) for full tools and community, or QAV America Light for simple buy/sell signals. Start your 14-day free trial by clicking this link. Subscribe to this channel for more stock picking tips, value investing strategies, and market-beating ideas.Australian and investing in the ASX and ready to go beyond ETFs, learn from the master - Tony Kynaston's QUALITY AT VALUE. Sign up with code SFB for a 20% discount on QAV Club plan or SFBLIGHT for a free month of QAV Light by clicking this link. for Australians or those wanting to invest in Australian stocks.Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Opinions expressed by guests are theirs alone and may not represent the views of Finpods, Money Sherpa, or Phil Muscatello. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD, and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.
David Clark is joined by Jamie Montgomery, co-founder and managing partner of March Capital, to discuss the forces reshaping venture capital, artificial intelligence, and the U.S. economy. Jamie reflects on building Montgomery & Co, backing category leaders like CrowdStrike, and what it takes to advise founders through scale. He shares why quantum computing, open-source large language models, and advanced AI sit at the centre of his investment outlook, along with lessons from a decade of weekly sessions with Charlie Munger on leadership, values, and long-term thinking. Jamie also offers a grounded view on U.S. growth, government reform, and what global investors should watch as AI drives the next wave of productivity and capital deployment.
In an age obsessed with speed, noise and instant success, this address takes a different route. Drawing on the mental models of Warren Buffett and Charlie Munger, it strips life back to first principles: how to avoid failure, how to protect the one asset you cannot replace, and why reliability has become the rarest currency of all. Alec Hogg's keynote delivered to the Class of 2025 in the Overberg, is not a motivational speech, but a practical framework for living well in a difficult country and an even more difficult world.
Links & ResourcesFollow us on social media for updates: Instagram | YouTubeCheck out our recommended tool: Prop StreamThank you for listening!
Discover how to pick winning stocks and beat the S&P 500 with Tony Kynaston's proven QAV (Quality at Value) investing methodology. In this episode Tony shares his 30+ years of experience, drawing from the investment strategies of Warren Buffett, Charlie Munger, and Benjamin Graham.It's a systematic checklist for identifying undervalued quality companies, timing buys and sells with a "three-point trend line" and avoiding market noise. QAV America has delivered 64% returns since September 2023 vs. the S&P 500's 54%, perfect for beginners and pros seeking long-term compounding.Learn about the checklist manifesto, operating cash flow focus, and why QAV is expanding to cover US stocks. Use promo code SFBUS for 20% off QAV plans: QAV Club America (annual/monthly) for full tools and community, or QAV America Light for simple buy/sell signals. Start your 14-day free trial by clicking this link. Subscribe to this channel for more stock picking tips, value investing strategies, and market-beating ideas.If you invest in the ASX and you're ready to go beyond ETFs, learn from the master - Tony Kynaston's QUALITY AT VALUE. Sign up with code SFB for a 20% discount on QAV Club plan or SFBLIGHT for a free month of QAV Light by clicking this link.Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Stocks for Beginners is a production of Finpods Pty Ltd. The advice shared on Stocks for Beginners is general in nature and does not consider your individual circumstances. Opinions expressed by guests are theirs alone and may not represent the views of Finpods, Money Sherpa, or Phil Muscatello. Stocks for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD, and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.
Most people spend their lives chasing happiness yet end up miserable. In this episode of The Impossible Life Podcast, Garrett and Nick flip the script using inverse thinking to expose 10 decisions that almost guarantee a broken, unhappy life. Inspired by the philosophies of Charlie Munger and Warren Buffett, this episode shows that sometimes the fastest path to wisdom is learning what not to do.You'll hear why making life all about yourself leads to emptiness, how chronic complaining drains momentum, why refusing to take risks kills potential, and how neglecting self-development, health, and belief sabotages your future. Garrett breaks down how belief systems shape outcomes, why confidence and risk are inseparable, and how consuming more than you create slowly erodes purpose and fulfillment.The episode culminates with the two most destructive choices of all: loving yourself more than God, and never developing a deep, lifelong relationship with Him. If you want to avoid regret, live with meaning, and build a life that actually works, this episode gives you a clear warning sign for every major pitfall—and shows you how to walk the opposite path toward purpose, faith, and strength.Join a group of likeminded Impossible Life listeners in our FREE Skool community by clicking here.Get the Purpose Playbook by clicking hereGet the FREE Basic Discipline Training 30 Day Program by clicking hereJoin us in Mindset Mastery by clicking hereIf you're a man that wants real accountability and training to be a leader, click here.Level up your nutrition with IDLife by clicking hereGET IN TOUCHSocial Media - @theimpossiblelifeEmail - info@theimpossible.life
What's the right size for your business? If your gut response is, "As big as possible!" you're not alone. But that mindset can quietly invite unnecessary complexity, friction, and risk into your operation—especially when growth isn't planned or sustainable. In this episode, we challenge the default assumption that bigger is always better in construction. Using insights from a legendary 100-year-old essay by biologist JBS Haldane, we explore how biological limits in nature mirror organizational limits in business—and why ignoring them could be hurting your team more than helping it. In this episode you will: Discover the hidden trade-offs of scaling your construction business too soon Learn how biology explains why your systems are breaking as your team grows Get 3 crucial questions to ask before making your next big hire or opening a new branch If you're leading a growing team and feeling the strain, press play now to rethink your approach and regain control. P.S. If you're a Charlie Munger fan/disciple like host Bradley Hartmann, this episode is a prime example of Munger's call to think multidisciplinary— using insights from biology to sharpen leadership and decision-making in construction. At Bradley Hartmann & Company, we help construction teams improve sales, leadership, and communication by reducing miscommunication, strengthening teamwork, and bridging language gaps between English and Spanish speakers. To learn more about our product offerings, visit bradleyhartmannandco.com. The Construction Leadership Podcast dives into essential leadership topics in construction, including strategy, emotional intelligence, communication skills, confidence, innovation, and effective decision-making. You'll also gain insights into delegation, cultural intelligence, goal setting, team building, employee engagement, and how to overcome common culture problems—whether you're leading a crew or managing an entire organization. Have topic ideas or guest recommendations? Contact us at info@bradleyhartmannandco.com. New podcasts are dropped every Tuesday and Thursday. This episode is brought to you by The Construction Spanish Toolbox —the most practical way for construction teams to learn jobsite-ready Spanish in just minutes a day over 6 months.
(0:00) Intro(1:45) About the podcast sponsor: The American College of Governance Counsel(2:31) Start of interview(3:04) Jeff's origin story. Began career in investment banking at First Boston before transitioning to a 25-year run as CFO across media companies (King World, Nielsen) and tech (DoubleClick, Oracle).(7:16) Transitioning to Bessemer Venture Partners.(8:40) Focusing on his board career and audit committee member. ValueClick, Priceline (Booking Holdings).(11:06) Growth in Public vs. Private Markets(12:49) The State of European Entrepreneurial Ecosystem(13:41) The Role of BVP CFO Council(15:31) Understanding California and Silicon Valley's Unique Culture(18:44) AI's impact on the CFO role(20:54) Dynamics Between CEOs and CFOs(23:12) CFOs in Startups vs. Public Companies "We've observed that about 5% of the headcount of any co' at any size is in the finance dpt.")(25:25) CFOs as Board Members(27:35) Board decisions on CEO hiring and firing. "The CEO's role is to articulate an effective strategy, to hire a great team, and then to execute that strategy well using that great team." "If over five years the CEO has never changed their mind based on board input, you have the wrong board."(30:36) On effective Board Composition(32:41) Navigating Shareholder Activism, including his experience at Twilio(37:35) The Debate: Stay Private or Go Public. "There are three ownership structures: public companies, PE-owned companies (where PE controls CEO), and founder-controlled private companies" "I think you're going to see quite a few companies stay private forever or for decades."(39:30) Preparing for the Future of Venture Capital (41:13) Optimizing Board Meeting Content. "Effective boards: 2/3 of time on未made decisions. Ineffective boards: show and tell." "Best-run companies: CEO encourages board members to meet with executives outside board meetings."(45:50) Books that have greatly influenced his life:The Snowball: Warren Buffett and the Business of Life by Alice Shroeder (2008)My Early Life by Winston Churchill (1930) How to Talk So Kids Will Listen & Listen So Kids Will Talk by Adele Faber and Elaine Mazlish (1980)(47:07) His mentors (50:50) Quotes that he thinks of often or lives his life by "You want to live your life to have a seamless web of deserved trust" by Charlie Munger(53:15) An unusual habit or an absurd thing that he loves. Reading adventure stories from G.H. Henty(54:01) The living person he most admires: Warren BuffettJeff Epstein is an operating partner of Bessemer Venture Partners where he leads BVP's CFO Council. He is a former CFO of Oracle and currently serves on the boards of Autodesk, AvePoint, Okta, and Twilio (previously at Kaiser Permanente and Booking Holdings). You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
I suspect that the CEOs in our audience are likely to agree that crafting a truly effective incentive compensation plan is simultaneously one of the most difficult, and one of the most important, tasks that a small business CEO will face.Charlie Munger is famous for saying “Never, ever think about something else when you should be thinking about the power of incentives.” He's also said “I think I've been in the top 5% of my age cohort, all my life, in understanding the power of incentives, and all my life I've underestimated them.”But why is it so difficult to craft a truly effective incentive plan? Based on many years of experience putting them together myself, here are just a few of the challenges that I faced:Avoiding unintended consequences and people "gaming" the systemHow to balance individual goals vs. company goals vs. departmental goalsHow to incent people on company goals when the achievement of those goals falls largely outside of their controlIf or how to change a comp plan if circumstances change materially within any given yearHow to manage changes in goals & targets across any two given yearsThe balance between simplicity & detailHow to handle inherited employees whose salaries may fall outside of company-wide pay bandsTo help me untangle each of these challenges, this week I'm joined by Stacey Carroll. Stacey has spent substantially her entire career leading HR organizations across a wide array of companies, with a specific focus on compensation & benefits. She has also spent the past 14 years leading HR Experts on Call, a company she founded where she acts as an interim HR leader for small and medium-sized businesses.
00:00 A fase mais difícil da riqueza (O aviso de Charlie Munger)00:20 Por que essa fase é a mais difícil00:58 Dica 1: Aporte vale mais que rentabilidade02:16 Dica 2: Meta e plano pra não desistir03:40 Dica 3: Corte gastos onde realmente dói04:48 Dica 4: Zere dívidas caras05:57 Dica 5: Renda extra é a turbina07:37 Dica 6: Ajuste o aporte pela inflação08:40 Dica 7: Estratégia simples de investimentos
Peter D. Kaufman is the Chairman and CEO of GlenAir, the editor of Poor Charlie's Almanack, and was a decades-long friend of Charlie Munger. In a talk that was never meant to be made public, one of the world's greatest business minds reveals the secrets to multidisciplinary thinking. Peter allowed the complete talk to be transcribed and posted on FS. ----- Approximate Timestamps: (00:00) Introduction (01:49) Why is Multidisciplinary Thinking Important? (07:27) How The World Works (18:39) The Biggest Blind Spots in Business (22:05) You Only Get One Life ----- Upgrade: Get a hand edited transcripts and ad free experiences along with my thoughts and reflections at the end of every conversation. Learn more @ fs.blog/membership ------ Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it's completely free. Learn more and sign up at fs.blog/newsletter ------ Follow Shane Parrish: X: https://x.com/shaneparrish Insta: https://www.instagram.com/farnamstreet/ LinkedIn: https://www.linkedin.com/in/shane-parrish-050a2183/ Learn more about your ad choices. Visit megaphone.fm/adchoices
How do everyday skills translate into massive success in property investment?
Ever think you don't have systems in every part of your business? Think again. That's the core insight from my recent conversation with O'Brien McMahon on The People Business Podcast. Whether you realize it or not, the way you run your business is a system, it might just be a chaotic one. O'Brien and I dove deep into what systems thinking actually means and why it's the difference between businesses that scale smoothly and those that stay stuck fighting fires. The Truth About Systems Here's what most people miss: you already have systems. The question isn't whether you have them—it's whether they're designed to get you the results you want. As Charlie Munger said, "Show me the incentives, and I'll show you the results." Your systems create your incentives, and your incentives drive your outcomes. If you're not getting the growth you want or you're watching opportunities slip through the cracks, your systems are telling you exactly what's wrong. The creative who says "the universe tells me what to do" still has a system. Maybe they need a walk before designing. Maybe they journal before going on stage. It's all systems supporting what we're trying to accomplish. Start Where You're Leaking O'Brien shared a brilliant framework I want you to steal: don't rebuild everything from scratch. Instead, ask yourself: Where am I leaking right now? Are you leaking sales opportunities? Energy? Attention to detail? Anxiety? Find your biggest leak, fix that one thing, work it until it becomes habit, then move to the next leak. This iterative approach beats the comprehensive overhaul every single time. The Consistency Advantage Leaders who are clear on their vision and how they execute get consistent results. The chaotic ones? Sometimes they win big, sometimes they don't. The difference comes down to consistency. Your systems should connect your leading indicators to your lagging indicators. Why aren't you growing your email list? Why are customers dropping off at checkout? Your systems will tell you if you've designed them to measure what matters. My Systems Origin Story I learned this from my dad, a German electrician who ran his own business. Everything was systematic—how he set up his day, executed his work, and followed through on billing. I saw it all working alongside him. That gift of systematic thinking is why I named the podcast Systematic Leader. The leaders who understand their systems and execute consistently are the ones who transform their businesses from reactive chaos to proactive growth engines. The Annual Systems Check-Up Here's your homework: step back at least once a year and map how all your systems connect. You'll find systems that aren't working as well as they used to, broken processes, and opportunities to double down on what's working. This exercise shows your team you're not here to do the minimum, you're committed to improving every single day. That standard-setting matters more than you think. Start Where It's Uncomfortable O'Brien nailed it at the end of our conversation: "It's probably gonna be most effective in the area you least wanna do it." The thing you're avoiding? That's probably your biggest opportunity. Don't try to jog eight miles on day one. Build a small system that gets you going for five minutes. Make it routine. Watch the results compound. When you see customers coming back more and referring more because of one small systematic change, that's when you realize: this actually works. Your Next Step Pick one area where you're leaking: time, money, opportunities, or energy. Design one small system to plug that leak. Work it for 30 days. That's how you transform from firefighter to growth engine. Want help identifying where your systems are breaking down? Take the 5-minute Customer Experience Assessment at systematicleader.co and let's find those hidden leaks before they become expensive problems. Thanks you O'Brien McMahon
How mathematical rigor, probabilistic thinking, and family priorities shape a young investor's approach to finding overlooked opportunities.The episode is sponsored by TenzingMEMO — the AI-powered market intelligence platform I use daily for smarter company analysis. Code BILLIONS gets you an extended trial + 10% off.https://www.tenzingmemo.com/David Diranko is a 29-year-old German mathematician turned professional value investor who uniquely combines statistical rigor with contrarian small-cap investing, building his investment advisory firm Diranko Capital while sharing research through his newsletter Contrarian Cash Flows.3:00 - David explains his unconventional journey from mathematics to IBM data scientist to full-time value investor, detailing how he worked 40+ hours at IBM while spending another 30 hours weekly on investing before making the leap to launch Duranko Capital.6:00 - Drawing parallels between Ben Graham as "the original data scientist" during the Great Depression, David discusses how mathematical thinking enhances investment analysis through probabilistic frameworks and viewing intrinsic value as a range rather than a single number.10:00 - The decision to share research publicly through Contrarian Cash Flows despite initial hesitation about giving away "edge," leading to deeper thinking, network effects, and unexpected client relationships—though David candidly admits he's still learning to balance transparency with proprietary insights.20:00 - Europe's structural advantages for small-cap investors: fragmented markets across 27 countries, language barriers creating information asymmetries, and limited institutional coverage enabling patient capital to exploit mispricing—with David emphasizing the importance of investing in quality businesses over statistical cheapness.35:00 - AI's transformative impact on investing: from automating routine tasks to potentially replacing 50% of analyst work, while emphasizing that relationship-building, creative thinking, and probabilistic judgment remain distinctly human advantages that AI cannot replicate.50:00 - Balancing entrepreneurship with young family life (two kids under three), David shares his contrarian view that starting families early while building careers creates stronger bonds through shared struggle, rejecting the common narrative of family as a "reward" for career success.1:02:00 - Closing wisdom on finding meaning beyond financial returns, referencing Charlie Munger's caution that a life purely about buying securities wouldn't be enough—investing must serve a deeper purpose than accumulation.Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
In this New Year's solo episode of Business Coaching Secrets, Karl Bryan kicks off 2026 with a high-energy blueprint for business coaches determined to make this their best year yet. Karl offers sharp insights on building unstoppable momentum, creating impactful routines, mastering the power of execution over ideas, and developing unshakable resilience, along with a deep dive on AI, stock market bubbles, and actionable strategies to future-proof your coaching business. Key Topics Covered New Year, New Execution (Not New Year, New You) Karl dismantles the myth that a successful year just "happens," emphasizing the need for daily discipline and consistency. He shares why meaningful change is a product of relentless execution, not inspiration or wishful thinking. Maximizing Impact and Reach Expanding your influence means helping hundreds of people, not just your client list. Karl challenges coaches to launch podcasts, webinars, and value-packed emails, but stresses starting immediately, rather than waiting for the perfect plan. From Studying to Training Karl distinguishes between passively consuming knowledge (studying) and active skill-building (training), arguing that mastery comes from thousands of purposeful reps, not just time spent learning. Resilience, Mindset & Not Getting Offended He suggests that letting go of being easily offended is a powerful way to regain control, both in personal and business interactions, fostering stronger confidence and leadership. Goal Setting Versus Desire Management Karl breaks down why our goals and actual desires often conflict, providing concrete examples, then showing how new goals demand reshaped desires and crystal-clear "whys." Elite Leadership & Creating Space for Success The best leaders subtract drama, friction, and obstacles to create a fertile ground for others' success. Karl likens this to both sports coaching and business, advocating for an environment that evolves followers into leaders. The Dangers of Satisfaction: Staying Hungry Karl details the "crocodile after a meal" syndrome, how complacency kills momentum, and highlights stories of world-class athletes who maintain edge and discipline even after major wins. Planning & Execution: The Eisenhower and Munger Lessons He revisits classic advice: "The magic is not in the plan, but in the planning," borrowing from both Eisenhower and Charlie Munger's inversion principle to stress learning from failure as much as from chasing success. AI, Stock Markets, and Contrarian Thinking Answering questions about AI stock bubbles, Karl draws parallels with sports betting spreads and offers lessons from expert traders: when everyone thinks the same, the edge is lost. He advocates humility, diversification, dollar-cost averaging, and the importance of relevant financial literacy for coaches and their clients. Notable Quotes "New Year, New You is not a thing. Expecting next year to change without effort is like going to the marina and looking for an airplane to land." "I don't care about your ideas; I care about your execution. Your consistency and your discipline are mission-critical." "Stop getting offended. The good news? You'll stop being controlled." "Great leaders don't create followers, they create other leaders." "You can get lucky and make it. You can't get lucky and keep it." "The magic is not in the plan. The magic is in the planning." "I want to know where I'm going to die, so I'll never go there." (Charlie Munger) Actionable Takeaways • Start Now: Don't wait for the perfect moment or plan, your first email, podcast, or event is the hardest. Get it out, then iterate. • Measure Reps, Not Time: True mastery comes from consistent, purposeful practice (training), not just learning or clocking hours. • Get Out and Connect: Calendarize face-to-face time and community-building; loneliness erodes long-term success and well-being. • Shift from Busywork to Impact: Educate your list, serve generously in your free content, and only sell after delivering real value. • Build Resilience: Remind yourself that negative feedback or setbacks aren't personal, focus on execution and staying "hungry." • Set Monster Goals, Then Cut Ruthlessly: Aim high, then eliminate 80% of distractions and low-value activities to focus on what really moves the needle. • Use Inversion for Insight: When setting goals (or helping clients set them), ask: "How do I guarantee failure?" Then avoid those pitfalls. • Be Financially Literate for Clients: Understand core investing concepts (diversification, market math, dollar-cost averaging) so you can intelligently field client questions about wealth-building. Resources Mentioned Profit Acceleration Software (by Karl Bryan) AI Business Coaching Dojo at Focused.com The Six-Figure Coach Magazine Books/authors referenced: Charlie Munger, Warren Buffett, Dan Sullivan, Ben Hardy Networking/Community: Chambers of commerce, BNI, local live events If you enjoyed the episode, please subscribe, share with a fellow coach, and leave a review. See you next week on Business Coaching Secrets! Ready to elevate your coaching business? Don't wait! Dive into action now and make 2026 your best year yet. Visit Focused.com for more on Profit Acceleration Software™ and join our thriving coach community. Get a demo at: https://go.focused.com/profit-acceleration
I denne bonusepisoden får du høre et av foredragene holdt av Buffett-disiplene Roger Berntsen og Adrian Strand under AksjeNorge sine events. Denne samtalen ble holdt i Oslo 24. november 2024. Nedenfor kan du lese sitatene som blir trukket fram."You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas."Charlie Munger (02:25)"Risk comes from not knowing what you're doing."Warren Buffett (05:09)"Spend each day trying to be a little wiser than you were when you woke up."Charlie Munger (07:42)"Don't confuse the cost of living with the standard of living."Warren Buffett (10:13)"Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don't have the first, the other two will kill you."Warren Buffett (11:48)"Tell me who your heroes are and I'll tell you who you'll turn out to be."Warren Buffett (14:40)"All I want to know is where I'm going to die so I'll never go there."Charlie Munger (15:30)"Nine women can't have a baby in one month."Charlie Munger (16:41)"Knowledge doesn't add — it compounds."Charlie Munger (17:34)"Each creature runs the race life gives it. The short must hurry; the long can endure. Wisdom is knowing which one you are."Roger Berntsen (18:21)Denne podcasten skal anses som markedsføringsmateriell, og innholdet må ikke oppfattes som en investeringsanbefaling. Podcasten er kun ment til informasjonsformål. Nordnet tar ikke ansvar for eventuelle tap som måtte oppstå ved bruk av informasjonen i denne podcasten. Les mer på Nordnet.no Hosted on Acast. See acast.com/privacy for more information.
Message me your 'Takeaways'.Why do 92% of people fail their New Year's resolutions? It's not willpower, it's a broken system.In this video, I break down the exact 6-step framework I used to run 58 marathons in 58 days, build a 6-figure coaching business, and prepare for fatherhood, all while maintaining freedom and balance.You'll learn:✅ How to set a North Star Goal that actually drives you✅ The Anti-Goals method (the game-changer no one talks about)✅ Why your environment predicts your success (backed by 32 years of data)✅ How to master your time and stop the "96 checks per day" trap✅ The identity shift that makes goals inevitableTAKE THE FREE LIFE PERFORMANCE SCORECARD (4 minutes):
William Green is the author of “Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life.” Green also hosts a podcast with the same title. In this replay of an interview from February of this year, Robert Brokamp caught up with William for a conversation about: - What successful investing comes down to.- The personality traits of market beaters.- Investing lessons from Charlie Munger, Howard Marks, John Templeton, and Arnold Van Den Berg (an investor you may not know about, but should) Companies mentioned: BRK.A, BRK.B, MKL Host: Robert BrokampGuest: William GreenEngineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
What does it actually mean to live a fulfilling life?Instead of trying to define fulfillment—which looks different for everyone—this episode uses a powerful mental model called inversion to clarify what not to do.Drawing from Charlie Munger's decision-making philosophy, Paul outlines four behaviors that virtually guarantee an unfulfilled life—and then flips them to reveal what fulfillment is really built on.
What does it actually mean to live a fulfilling life?Instead of trying to define fulfillment—which looks different for everyone—this episode uses a powerful mental model called inversion to clarify what not to do.Drawing from Charlie Munger's decision-making philosophy, Paul outlines four behaviors that virtually guarantee an unfulfilled life—and then flips them to reveal what fulfillment is really built on.
William Green talks with Nima Shayegh of Rumi Partners about Lou Simpson's investing wisdom and the power of ignoring noise to achieve outstanding returns. IN THIS EPISODE YOU'LL LEARN: 00:00:03 - Intro 00:06:41 - How Nima Shayegh came to see investing as the ultimate intellectual adventure. 00:10:31 - Why investors must go beyond numbers to grasp deep truths about businesses. 00:16:56 - What riding in a Tesla taught him about the awesome experience of quality. 00:21:05 - Why investors should harness intuition & emotions but avoid ego. 00:36:31 - How to succeed by owning resilient businesses & ignoring macro forecasts. 00:39:26 - What qualities made Nima's mentor, Lou Simpson, an investing legend. 00:49:27 - How Lou taught Nima to avoid noise, distractions & the lure of a flashy office. 00:59:03 - Why Nima's portfolio is dominated by stocks like AppFolio & Brookfield. 01:13:08 - What he learned from having dinner with Charlie Munger. 01:30:26 - Why we should surrender to uncertainty & should welcome volatility. 01:39:55 - What investors can learn from surfers about the value of self-reliance. 01:41:35 - Why he named his investment firm after a 13th-century Sufi mystic. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Inquire about William Green's Richer, Wiser, Happier Masterclass. Read Concentrated Investing by Allen Benello, Michael van Biema, Tobias Carlisle. Read Small is Beautiful & A Guide for the Perplexed by E.F. Schumacher. Read Jalal ad-Din Muhammad ar-Rumi's book, The Ultimate Rumi Collection. Check out William Finnegan's book Barbarian Days. Check out William Green's book, Richer, Wiser, Happier. Follow William Green on X. Related books mentioned in the podcast. Ad-free episodes on our Premium Feed. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter. Check out our We Study Billionaires Starter Packs. Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Simple Mining Human Rights Foundation Unchained HardBlock Linkedin Talent Solutions Onramp Amazon Ads Alexa+ Shopify Vanta Abundant Mines Horizon • Public.com - see the full disclaimer here. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
El hombre que perdió 400.000 millones de dólares en una semana y los recuperó en 48 horas En septiembre de 2008, un ejecutivo de Lehman Brothers salió de su oficina en el número 745 de la Séptima Avenida de Nueva York por última vez. Llevaba una caja de cartón con sus pertenencias. Una foto familiar, una taza con el logo de la empresa, un diploma enmarcado de Wharton. Detrás de él, un banco de 158 años de historia se desvanecía en la nada. Lo que ese ejecutivo no sabía —lo que nadie podía saber entonces— es que diecisiete años después, en diciembre de 2025, otro gigante tecnológico perdería exactamente la misma cantidad de capitalización bursátil. Cuatrocientos mil millones de dólares evaporados en cuestión de días. La diferencia es que esta vez la historia no termina con una caja de cartón. Termina con TikTok. Hay una vieja máxima en Wall Street que dice que los mercados pueden permanecer irracionales más tiempo del que tú puedes permanecer solvente. Es una frase que se atribuye a Keynes, aunque probablemente la dijo otro, porque en finanzas las mejores citas siempre se atribuyen a quien no las pronunció. Pero hay otra verdad menos citada y más incómoda: los mercados también pueden cambiar de opinión más rápido de lo que tú puedes cambiar de posición. Y cuando lo hacen, no avisan. No mandan un correo electrónico. No publican un comunicado de prensa. Simplemente ocurre. Esta semana hemos sido testigos de algo que desafía toda lógica aparente. Una empresa que parecía destinada a protagonizar el próximo caso de estudio sobre hybris corporativa se convirtió, en menos de dos días, en la historia de redención del trimestre. Un fabricante de chips de memoria —posiblemente el negocio menos glamuroso de toda la cadena tecnológica— publicó unos resultados que Morgan Stanley calificó como los segundos más impresionantes en la historia de los semiconductores estadounidenses. Y una compañía de coches eléctricos alcanzó máximos históricos el mismo día que un juez dictaminó que su marketing era fraudulento. Si intentaras escribir esto como ficción, tu editor te lo devolvería por inverosímil. Pero quizás lo más fascinante de esta semana no fueron los titulares que todos vieron, sino las conexiones que casi nadie percibió. Porque resulta que hay un hilo invisible que conecta a un fabricante de aspiradoras robóticas que se declaró en bancarrota, con constructores de viviendas que están bajando precios desesperadamente, con una marca deportiva que lleva un año tropezando con la misma piedra. Ese hilo tiene un nombre, aunque todavía no lo hemos pronunciado. Y cuando lo entiendas —cuando veas cómo todas estas piezas aparentemente inconexas encajan en un patrón coherente—, probablemente cambies tu forma de pensar sobre lo que está ocurriendo realmente en los mercados. Charlie Munger solía decir que el mundo no está dividido en personas inteligentes y personas estúpidas. Está dividido en personas que entienden los incentivos y personas que no. Esta semana, los incentivos hablaron muy alto. Tan alto que algunos los escucharon y otros los confundieron con ruido de fondo. La pregunta es: ¿en qué grupo estás tú? Todo esto y mucho más en el nuevo episodio de Actualidad Semanal +D.
The Third Episode of the Series! (Scroll down the earlier ones below).Matt Zeigler and I had the privilege of hosting Robert Hagstrom (The Warren Buffett Way) and Chris Mayer (100 Baggers) for a special 100-Year Thinkers Edition of the Excess Returns Podcast.Two legendary investors and authors. One hour packed with timeless wisdom on long-term thinking and wealth creation. This is the conversation we've been wanting to have—and we think you'll find it as valuable as we did.Available now on Excess Returns Podcast and Talking Billions.
#entreprenurship #startupMy 2 books, 2 webinars and 24 Book Summary Bundle: – 23 of my best business book breakdowns Get it here: https://selar.com/paulfohbookpromoJoin Selar: https://bit.ly/PFxSelarJoin My Telegram Community: https://selar.com/salesfactorytelegramcommunity Book Me For Coaching – Corporate or Personal Sales CoachingFor brand partnerships and inquiries email: hey@paulfoh.com Schedule a session: https://calendar.app.google/mdvCzYSyTkSnsETx6Follow me on Instagram: https://www.instagram.com/paulfoh/Follow me on Linkedin: www.linkedin.com/in/paul-foh-60a09720
I just had dinner with four really successful business owners—all running businesses bigger than mine—and we got talking about sales compensation plans. Once I started sharing things I honestly take for granted after 20 years in sales leadership, they were like "we hadn't thought about that." These are very smart, very successful guys, just not from the sales world. So if they found it helpful, maybe you will too. Here's the foundation: the only purpose of your comp plan is to change behavior. Charlie Munger said it perfectly: "Show me the incentive and I will show you the outcome." This episode breaks down three critical comp plan mistakes I see constantly: (1) Long-term commissions that look generous to you but don't change behavior next week because salespeople don't think like business owners—they think in cash, not equity or 36-month payouts, (2) Perpetual residuals that create permanent misalignment as your costs go up while their incentive to do the hard work (hunting) goes down, and (3) Having hunters farm instead of separating the roles, which misallocates both money and results. Learn why you need to reward behavior closest to when it happens, why saying "I'll fix it later" is fucked up, and how to align effort, difficulty, and value with what you're actually paying for.//Welcome to Repeatable Revenue, hosted by strategic growth advisor , Ray J. Green.About Ray:→ Former Managing Director of National Small & Midsize Business at the U.S. Chamber of Commerce, where he doubled revenue per sale in fundraising, led the first increase in SMB membership, co-built a national Mid-Market sales channel, and more.→ Former CEO operator for several investor groups where he led turnarounds of recently acquired small businesses.→ Current founder of MSP Sales Partners, where we currently help IT companies scale sales: www.MSPSalesPartners.com→ Current Sales & Sales Management Expert in Residence at the world's largest IT business mastermind.→ Current Managing Partner of Repeatable Revenue Ventures, where we scale B2B companies we have equity in: www.RayJGreen.com//Follow Ray on:YouTube | LinkedIn | Facebook | Twitter | Instagram
"Lollapalooza effects can make you rich or they can kill you." - Charles T. MungerReal estate professional, businessman, co-owner of R.K. Reiman, and host of "The Real Build" podcast Bill Reiman is joining us on the show once again and we've got a good one in store for you today because we are jamming to some lollapalooza. No, we don't mean the Chicago-based music festival. We're talking about the Charlie Munger coined term "lollapalooza effect" which means a situation where multiple psychological biases, tendencies, or forces act together in the same direction, creating an extreme, amplified outcome that is far greater than the sum of its parts. Bill and Jay are talking about the ability to make good connections between, how equally important it is to know when not to connect certain people, the benefits of a group of like-minded individuals coming together for the common good, and what it is that makes Naples, Florida such a wonderful, unique, and opportunity-filled place. This episode is dedicated to bringing people together and we hope you're inspired to participate and appreciate those who are together with you after this episode of The Culture Matters Podcast.
(0:00) Intro(1:21) About the podcast sponsor: The American College of Governance Counsel(2:08) Start of interview(2:36) Michelle's origin story(4:33) The Origins of Footnoted (started in 2003)(6:36) Understanding SEC Filings and Disclosures(7:20) The "Friday Night Dump"(9:34) The State of Public vs. Private Markets(12:40) The Rise of Private Markets and Challenges of Public Markets(18:43) Red Flags in SEC Filings(22:03) The Evolution of Executive Compensation and Elon Musk's Comp(28:53) Egregious Corporate Governance examples: Sketchers.(30:08) The problem of Related Party Transactions.(31:37) Independence and Compensation of Board Members (32:36) Quote of Charlie Munger and Warren Buffett on this topic(36:33) Are we in a AI bubble? Similarities with Enron/Worldcom era? (40:18) Reference to my article on AI washing(41:43) The Importance of SEC Changes (only 3 commissioners from a single party)(43:22) The Role of Markets in Everyday Life(47:45) Books that have greatly influenced her life:The Jungle by Upton Sinclair (1906)Germinal by Émile Zola (1885)Crying in H Mart by Michelle Zauner (2021)(48:20) Her mentors: Nell Minow, Diana Henriques, and Thornton O'Glove.(49:19) Quotes that she thinks of often or lives her life by: "Don't Postpone Joy"(50:52) An unusual habit or an absurd thing that she loves. Michelle Leder is the founder and editor-in-chief of footnoted.com, a source for uncovering important information hidden deep in SEC filings. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
Value School | Ahorro, finanzas personales, economía, inversión y value investing
Por fin en español, El almanaque del pobre Charlie (Valor Editions, 2025) recopila once charlas y discursos de Charles T. Munger (1924-2023), vicepresidente de Berkshire Hathaway y socio y amigo de Warren Buffett. A lo largo de esta sesión repasaremos con Javier González Recuenco la particular idiosincrasia de este excepcional inversor y la importancia del pensamiento multidisciplinar para la toma de decisiones en ámbitos como los negocios y las finanzas. Javier González Recuenco es CSO de Singular Solving y Singular Targeting. Experto en personalización aplicada, ha creado cinco startups. Ha sido CTO en Netdecisions y Ecuality. Es consultor internacional para EY y SchlumbergerSema. Es coautor, junto con Guillermo de Haro, de El pequeño libro de la filosofía estoica (Alienta, 2022).
In Episode 5 of our Charlie Munger-inspired series, Dr. Killeen explores the three communication concepts that quietly drive better patient relationships and stronger teams. From using simple scripts to reduce stress, to leading with empathy, to why speed in response builds instant credibility, this episode offers an easy, relaxed look at how small shifts in communication can create big wins in trust, case acceptance, and team harmony. Simple ideas, real impact.
Get my free Team Ranking Sheet here: https://fos.now/yt-gd-discover-team-ranking-sheet-1Get my free AI Moat Framework here: https://fos.now/yt-gd-discover-the-ai-moat-1Do you want my help scaling and systematizing your business? Book a free call here: https://fos.now/yt-apply-553In this video, I break down a call with 5 founders in my Founder OS community who were facing some insanely sticky problems. I walk them through 4 core systems that will help them become unignorable and get over some of the trickiest challenges growing businesses face.I cover compliance marketing as a competitive advantage, building high-performance teams, Charlie Munger's inversion technique for avoiding disaster, and the barbell approach to AI strategy. You'll see real founders wrestling with real problems and the frameworks I use to help them navigate through.If you're running a growing business, these blindspots could be quietly killing your momentum right now.Already doing $30K+/month? Come to my next free workshop and I'll show you how to systemize your business and get your time back → https://fos.now/yt-workshop-553Want to LEARN proven systems to grow your personal brand? Go here: https://fos.now/yt-newsletter-553Connect with me:Website: https://fos.now/yt-founder-os-553Twitter: https://twitter.com/matt_gray_LinkedIn: https://www.linkedin.com/in/mattgray1TikTok: https://www.tiktok.com/@realmattgrayInstagram: https://instagram.com/matthgray00:00 - Intro01:43 - Blindspot #1: Compliance07:31 - Blindspot #2: Team10:57 - Blindspot #3: Inversion Technique13:03 - Blindspot #4: AI Moat#onepersonbusiness #creatoreconomy #entrepreneurshipDisclaimer: Information shared here is for educational purposes only. Individuals and business owners should evaluate their own business strategies and identify any potential risks. The information shared here is not a guarantee of success. Your results may vary. This video shares my personal experience and growth building businesses over 15+ years of consistent effort. Your results will vary depending on your own actions, strategies, and circumstances.
In Episode 4 of our Charlie Munger-inspired series, Dr. Killeen breaks down the three core scheduling principles that make the biggest impact in your dental practice. From understanding that time truly equals money, to front-loading high-value procedures, to the power of pre-blocking your schedule, this episode shows how a few simple shifts can turn your schedule into a calm, productive engine instead of a daily stress trigger. Practical, approachable, and easy to apply — this is one to revisit before your next week starts.
Skippy and Doogles dive into the viral debate around “the real poverty line” and trust us, it's not $31,000… but it's definitely not $140,000 either.Then we turn to Ray Dalio's latest bubble commentary, unpacking what “80% of the way into a bubble” really means—and why cash, leverage, and forced selling matter more than clickbait headlines.Finally, we close with the heartwarming Wall Street Journal piece on Charlie Munger's final years. From yelling across rooms with Buffett to adopting new teenage friends at age 99, Munger kept compounding wisdom until the very end.Join the premium Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to skippydoogles@gmail.com.
In this episode, Dr. Killeen continues his Charlie Munger-inspired series by breaking down the three big financial ideas that every dentist needs to understand to build a truly healthy practice. He explains why profit isn't the same as collections, why cash is king, and how tracking your numbers can completely change your business decisions. It's a simple, grounded look at money management—without the accounting jargon—so you can lead your practice with more clarity, confidence, and control.
Jim and Abigail Zimmerman are a father-daughter investment team at Lowell Capital Management, combining Jim's two decades of disciplined value investing since founding the firm in 2003 with Abby's research-focused approach to identifying small-cap companies with fortress balance sheets and strong free cash flow generation.The episode is sponsored by TenzingMEMO — the AI-powered market intelligence platform I use daily for smarter company analysis. Code BILLIONS gets you an extended trial + 10% off https://www.tenzingmemo.com/3:00 - Abby shares her first stock purchase of American Eagle in middle school, using it as a gateway to understanding that investing isn't abstract but about owning real businesses and thinking like an owner.5:21 - The Zimmermans explain their core philosophy: “simplicity is the ultimate sophistication,” emphasizing that fewer things need to go right in an investment, citing Peter Lynch's principle that if you can't explain what a company does to an 11-year-old in a sentence or two, you probably shouldn't own it.8:34 - Jim discusses their strategy of buying growth companies at value prices, explaining their best investments are companies trading at 5-6x EBITDA with no debt that possess sustainable moats allowing intrinsic value to compound over time.12:00 - Discussion of the Sprouts Farmers Market case study, demonstrating how they identify turnaround situations where strong unit economics exist but the market hasn't recognized the potential yet.28:00 - Abby explains their disciplined selling process, particularly the importance of position sizing and their “20% trim rule” when stocks appreciate significantly to maintain portfolio balance.35:00 - The team reveals their contrarian approach during market dislocations, specifically discussing how they deployed capital during the COVID crash by focusing on companies with fortress balance sheets.42:00 - Jim shares wisdom from his father Lowell: live beneath your means, invest the excess, and build things over time - the Charlie Munger approach that shaped their entire investment philosophy.51:00 - Discussion of free cash flow as the ultimate metric, with both emphasizing that businesses generating cash can survive any environment and capitalize on opportunities when competitors stumble.57:05 - Abby defines success as alignment - living in a way that reflects what matters most, building something meaningful with family, and treating others well while maintaining disciplined investing even when unpopular.1:00:24 - Bogumil adds perspective on wealth preservation across generations, noting the US uniquely allows both creation and multi-generational preservation of wealth.Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
In this episode, Dr. Killeen continues his short series inspired by Charlie Munger's philosophy of mastering the “big ideas.” Today, he dives into the three key principles that form the backbone of effective practice management—systems over superheroes, track what matters, and right people, right seats. Whether you're leading a growing practice or fine-tuning an established one, these concepts simplify the chaos and help you build a business that runs smoothly, sustainably, and successfully.
In today's episode, Dr. Killeen kicks off a short series inspired by Charlie Munger's timeless wisdom: master the big ideas, and you'll master the results. He breaks down the three core clinical concepts that form the foundation of great dentistry—diagnosis before treatment, biology always wins, and margins and moisture matter. These aren't just theories—they're the everyday principles that separate good outcomes from great ones. Tune in for practical insights and quick actions you can apply chairside today to elevate your clinical excellence.
Join Ginger and Frank as they dive into the impactful concept of regret, exploring insights from Bronnie Ware's The Top Five Regrets of the Dying. Discover how these regrets can shape a life of fulfillment and happiness, and learn how to embrace self-expression and relationships to achieve true satisfaction. Episode Summary: In this episode, the hosts explore the concept of regret and its role in shaping meaningful lives. Inspired by Bronnie Ware's work, they discuss the common regrets of those at the end of their lives and provide insights on living authentically, nurturing relationships, and prioritizing happiness. Listeners are encouraged to reflect on their lives and make intentional choices to avoid future regrets. Key Topics Discussed: Introduction to Regret (00:00:00) Understanding the concept of regret and its implications for personal fulfillment. Charlie Munger's Inversion Strategy (00:01:15) Utilizing inversion as a technique to clarify what leads to a fulfilling life by considering what leads to regret. Overview of Bronnie Ware's Book (00:02:01) Discussion on The Top Five Regrets of the Dying and the importance of reflecting on these regrets to live better now. First Regret: Living Authentically (00:12:32) "I wish I had the courage to live a life true to myself, not the life others expected of me." Importance of self-expression and the courage to defy societal expectations. Second Regret: Courage to Express Feelings (00:20:52) "I wish I had the courage to express my feelings." The emotional costs of not sharing our feelings and the impact on personal relationships. Third Regret: Maintaining Relationships (00:22:54) "I wish I had stayed in touch with my friends." The significance of nurturing friendships and relationships. Fourth Regret: Nurturing Friendships (00:23:07) The necessity of continual effort in maintaining connections as life evolves. Fifth Regret: Allowing Happiness (01:40:22) "I wish that I'd let myself be happier." The barriers to joy and the importance of allowing oneself to seek happiness. Conclusion (01:04:19) Encouraging listeners to choose courage over complaint and to take proactive steps toward authentic living. Key Quotes: "Live true to yourself, not others' expectations." (00:12:32) "Rekindle your childhood passions beyond societal expectations." (00:16:30) "Build friendships by starting with acquaintances and shared interests." (00:28:04) "Choose courage over complaint." (01:04:19) Actionable Takeaways: Reflect on what makes you truly happy and take steps to pursue it. Invest time and resources in fostering meaningful relationships. Practice sharing your emotions to deepen connections. Engage in self-reflection to identify passions that were set aside. Related Resources: The Top Five Regrets of the Dying by Bronnie Ware Falling Upward by Richard Rohr The Soul of Wealth by Daniel Crosby Discussion Questions: What actions can you take today to align your life more closely with your authentic self? How can you prioritize relationships in your daily life? What does happiness mean to you, and how can you pursue it more actively?
Charlie Munger fue, hasta su fallecimiento, la mano derecha de Warren Buffett. En el libro: “El almanaque del pobre Charlie”, se recopilan 11 charlas y relatos de Munger que recogen su pensamiento sobre inversiones, ética y filantropía. Él decía, por ejemplo, que cuando se habla de inversiones, las personas piensan en cómo conseguir un objetivo. Sin embargo, es mejor pensar en cómo no conseguir algo. Así se descartan opciones. A raíz de esa depuración, aparecen o se identifican las inversiones que realmente valen la pena. Dale play y conoce más.
Charlie Munger spent his life studying one question: why do smart people make bad decisions? In his legendary talk The Psychology of Human Misjudgement, Munger outlined 25 psychological tendencies that quietly distort how we think. From incentives and social proof to denial, envy, and authority bias, you'll learn how these hidden tendencies shape behavior and how to build the mental defenses that helped Munger create one of the best decision records in history. You'll hear practical examples, powerful antidotes, and lessons you can apply to business, investing, and everyday life. ----- Chapters: (00:00) Introduction: (01:38) Pattern #1: Reward and Punishment Superresponse Tendency (05:00) Pattern #2: Liking/Loving Tendency (08:38) Pattern #3: Disliking/Hating Tendency (11:48) Pattern #4: Doubt-Avoidance Tendency (14:19) Pattern #5: Inconsistency-Avoidance Tendency (20:08) Pattern #6: Curiosity Tendency (21:30) Pattern #7: Kantian Fairness Tendency (23:32) Pattern #8: Envy/Jealousy Tendency (27:32) Pattern #9: Reciprocation Tendency (31:52) Pattern #10: Influence-from-Mere-Association Tendency (35:43) Pattern #11: Simple, Pain-Avoiding Psychological Denial (37:53) Pattern #12: Excessive Self-Regard Tendency (41:06) Pattern #13: Overoptimism Tendency (42:11) Pattern #14: Deprival-Superreaction Tendency (45:28) Pattern #15: Social-Proof Tendency (48:56) Pattern #16: Contrast-Misreaction Tendency (51:33) Pattern #17: Stress-Influence Tendency (54:20) Pattern #18: Availability-Misweighing Tendency (54:54) Pattern #19: Use-It-or-Lose-It Tendency (56:26) Pattern #20: Drug-Misinfluence Tendency (57:23) Pattern #21: Senescence-Misinfluence Tendency (58:42) Pattern #22: Authority-Misinfluence Tendency (01:01:58) Pattern #23: Twaddle Tendency (01:04:18) Pattern #24: Reason-Respecting Tendency (01:06:42) Pattern #25: Lollapalooza Tendency (01:10:28) Epilogue ----- I published the full updated version on fs.blog with his permission, we are the only website to my knowledge that had his personal permission to post it. ----- Upgrade: Get hand-edited transcripts and an ad-free experience, and so much more. Learn more @ fs.blog/membership ------ Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it's completely free. See what you're missing: fs.blog/newsletter ------ Follow Shane Parrish X @ShaneAParrish Insta @farnamstreet LinkedIn Shane Parrish ------ This episode is for informational purposes only. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3349: Jesse Cramer unpacks the underestimated power of "room for error" as a life and investing strategy, drawing insights from Morgan Housel, Charlie Munger, and Howard Marks. Instead of chasing peak performance, Cramer advocates for avoiding disaster, building resilience, and prioritizing consistency, especially when stress can derail even the best-laid plans. Read along with the original article(s) here: https://bestinterest.blog/room-for-error/ Quotes to ponder: "In investing and in life, prioritize avoidance of terrible situations." "Room for error lets you stick around long enough to let the odds of benefiting from a low-probability outcome fall in your favor." "Invest! Harness the power of humanity's economic engine and compound returns." Episode references: The Power of Inversion: https://fs.blog/inversion/ Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, I delve into the future of the business of law with advancements in AI, sharing a story about a lawyer creating his own AI platform. I also cover how I think AI might change the business of law moving forward. The book review of the week is 'The Tao of Charlie Munger,' a book compiling insightful quotes from Berkshire Hathaway's vice chairman. Stay tuned for insights on technology's role in legal practice and lessons from one of the greatest minds in business. Never miss an update on his journey by joining his substack here: https://joshschachnow.substack.com/ 00:00 Introduction and Episode Overview 00:34 The Future of Law: AI and Innovation 00:52 A Lawyer's Journey into AI 04:00 Implications of AI on Legal Practice 10:38 Book Review: The Tao of Charlie Munger 12:40 Closing Remarks and Subscription Reminder
In this solo episode of Business Coaching Secrets, Karl Bryan takes the reins, diving deep into strategies for client communication, drip campaigns, frameworks for business growth, and timeless investing wisdom inspired by Warren Buffett and Charlie Munger. With Rode Dog traveling, Karl delivers practical advice for coaches and their clients—from executing high-impact email sequences to structuring offers that sell and building true wealth through the power of compounding. Key Topics Covered Drip Campaigns & Funnels that Convert Karl Bryan breaks down the anatomy of effective drip campaigns—using not just email, but texts, voicemails, calls, and even direct mail—to stay top of mind and drive prospects towards action. He emphasizes nurturing, education, and persistence over hard selling, revealing real-world examples of campaigns that generated over a million dollars in revenue. Building High-End Programs and Upsell Funnels Karl encourages coaches to help clients create tightly defined, high-ticket programs ($10k, $25k, $50k+) with robust profit margins. He explains the importance of segmenting audiences and tailoring drip sequences, stressing that coaches should study successful operators in competitive markets to shortcut their own learning. The Psychology of Offers Discussion includes using urgency, scarcity, guarantees, bonuses, and exclusivity to motivate buyers—drawing on real-world tactics from luxury brands and industry leaders. Investing Wisdom from Warren Buffett & Charlie Munger Karl unpacks Buffett's two rules—don't lose money; see Rule #1—and shares how the path to true wealth is rooted in patience, clear math, and avoiding movement for movement's sake. He links these principles to business coaching, stressing the power of compounding marginal gains in practice, career, and investment. Actionable Wealth Creation Strategies Explores practical frameworks for investing in business, stocks (S&P index), and real estate, emphasizing dollar cost averaging, critical thinking, and learning from bubbles/past mistakes. Notable Quotes "Performance improves by releasing tension, judgment, and overthinking—not by piling it on." "Educated people buy more. Educate your leads through that sequence of emails, texts, calls, voicemails, etc. It's not buy, buy, it's educate, educate, educate." "Persistence is a measure of your self-esteem. Do you persist? Do you feel like you deserve the business?" "Rule #1: Don't lose money. Rule #2: See Rule #1. Avoiding stupidity automatically places you in the top 1% because the rest of the crowd is too busy chasing brilliance." "Real wealth is built the old boring way, staying the course, math as the foundation." Actionable Takeaways Expand Your Drip Campaigns Beyond Email: Utilize a sequence of texts, voicemails, calls, and direct mail in addition to emails to maximize client engagement. Educate Relentlessly: Focus on teaching and adding value through every touchpoint. Selling comes after trust and knowledge are built. Create Tightly Defined High-End Offers: Help clients establish premium programs with clear outcomes and strong margins; research top players in competitive markets for proven frameworks. Test, Measure, and Refine: Track the performance of campaigns and offers, adjust based on data rather than gut feelings, and always aim for compounding marginal improvements. Motivate Action With Urgency & Scarcity: Build "windows of opportunity," enrollment periods, and limited-time bonuses to prompt decisions. Lead with Guarantees and Exclusivity: Structure guarantees (money-back, buyback, long-term, double-your-money-back) and consider exclusive tiers or bonuses to differentiate. Avoid Movement for Movement's Sake: Apply Buffett and Munger's principles: patience, compounding, and critical thinking beats frequent switching and chasing trends. Invest with Dollar Cost Averaging: For wealth outside business, consistently invest fixed amounts into the S&P index or bitcoin, regardless of market cycles, and avoid leverage. Segment Your Audience: Tailor messaging and offers based on client behaviors and demographics for better results. Prioritize Compounding Improvements: Focus on small gains across multiple areas—these add up exponentially in your business and wealth over time. Resources Mentioned Profit Acceleration Software™ (by Karl Bryan) Powerful tool for coaches to demonstrate instant ROI to prospects. AI Tools ChatGPT, Grok—suggested for generating campaign frameworks and optimizing messaging. Books The Inner Game of Tennis Key lessons on peak performance and mindset. Jab, Jab, Jab, Right Hook by Gary Vee Framework for providing value before selling. Thought Leaders Referenced Warren Buffett & Charlie Munger—investing, wealth creation Alex Hormozi—quantity discount strategies Michael Burry—The Big Short, investing critical thinking Peter Thiel—bitcoin's shifting competitive edge Focused.com Karl Bryan's resource hub for business coaching strategies and Profit Acceleration Software™ demos: https://go.focused.com/profit-acceleration The Six-Figure Coach Magazine Free subscription for actionable coaching insights: https://thesixfigurecoach.com/get-it If you enjoyed the episode, please subscribe, share with a fellow coach, and leave a review. See you next week on Business Coaching Secrets! Ready to take your coaching business and your wealth to the next level? Don't wait—visit Focused.com for more information on Profit Acceleration Software™ and join our community of high-performing coaches.
Are you avoiding AI because you're too busy—or because you don't want to confront what you don't understand? In this episode, host Bradley Hartmann tackles resistance to AI adoption in the construction industry head-on, using the timeless wisdom of Charlie Munger to reveal the dangers of staying uninformed. Whether you're skeptical, curious, or somewhere in between, this episode will challenge how you lead in a rapidly changing tech landscape. In this episode you will: Understand the real risk of letting competitors outpace you with AI adoption Learn why forming an opinion on AI is a leadership responsibility, not a tech task Discover how timeless investing wisdom from Munger and Buffett applies to construction strategy today Listen now to learn how construction leaders can build tech fluency, lead with confidence, and stay competitive in the AI age. This episode is brought to you by The Simple Sales Pipeline® —the most efficient way to organize and value any construction sales rep's roster of customers and prospects in under 30 minutes once every 30 days. *** If you enjoyed this podcast, please leave a review on Apple Podcasts. Your feedback will help us on our mission to bring the construction community closer together. If you have suggestions for improvements, topics you'd like the show to explore, or have recommendations for future guests, do not hesitate to contact us directly at info@bradleyhartmannandco.com.
This week on The Art of SBA Lending, we sit down with Live Oak Bank CEO and founder, Chip Mahan, to discuss the revolutionary ideas that transformed the SBA landscape. Chip Mahan, who started the bank in 2008, disrupted the existing SBA playbook by focusing on nationwide industry vertical lending. Chip details the bank's founding during the 2008 financial crisis , when he was told by the FDIC to liquidate the bank. He reveals the unique philosophy that led to the bank becoming a top SBA lender, including: rejecting the traditional commission-based compensation model to properly align interests , developing a "theory of verticality" by targeting specialized industries like veterinarians and chicken farmers , and using data from the Freedom of Information Act to determine which industries pay back their loans. He argues that a floating rate 7(a) loan is the "best asset that anybody can put on any bank's books." The episode also covers the bank's commitment to technology, the importance of perfecting the "handoff" between the lender, underwriter, closer, and servicer , and the future of banking in the age of Artificial Intelligence. Chip explains how AI will dramatically affect determining SBA loan eligibility and create an "automatic credit memo".