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4 episodes with john rockefeller
3 episodes with john rockefeller
2 episodes with john rockefeller
2 episodes with john rockefeller
2 episodes with john rockefeller
2 episodes with john rockefeller
2 episodes with john rockefeller
4 episodes with john rockefeller
3 episodes with john rockefeller
John Rockefeller incarne le rêve américain. De condition modeste, il fonde un empire pétrolier et devient la première fortune mondiale, avec des méthodes controversées. Mention légales : Vos données de connexion, dont votre adresse IP, sont traités par Radio Classique, responsable de traitement, sur la base de son intérêt légitime, par l'intermédiaire de son sous-traitant Ausha, à des fins de réalisation de statistiques agréées et de lutte contre la fraude. Ces données sont supprimées en temps réel pour la finalité statistique et sous cinq mois à compter de la collecte à des fins de lutte contre la fraude. Pour plus d'informations sur les traitements réalisés par Radio Classique et exercer vos droits, consultez notre Politique de confidentialité.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.
In this series, Jeff & Andy dive into a mix of useless facts, myths, forgotten stories, and strange truths. In this episode, Jeff gives Andy $20 for every answer he gets correct on movie trivia, as well as, sharing facts about Valentine's Day. Andy outlines how John Rockefeller re-shaped the healthcare system in America and brought about Big Pharma. This series is presented to you by the great folks over at Mallard Bay. Whenever you are looking to book your next outdoor adventure, head over to Mallard Bay and search through their verified outfitters to remove the guess work when booking.
00:00 Intro06:40 Upcoming Shows Schedule07:38 Drones in New Jersey09:40 Brian Thompson23:00 Trump & Economy37:00 Russian Economy39:05 EU & Latin America Trade Deal43:30 Trudeau47:25 Vaccines56:48 Energy1:02:45 Gaza Deaths1:09:10 Gaza DealLive Questions:1:19:04 Has your opinion of Australia's political culture improved or declined since your recent visit?1:22:16 Following up. Yes, it was disappointing to see such a large conservative contingent at the conference
Dans cette édition :L'écrivain Boualem Sansal risque la peine de mort ou la prison à vie en Algérie, son sort judiciaire reste incertain et inquiétant.Le procès de Dominique Pellicot, accusé d'avoir violé et fait violer sa femme pendant 10 ans, se poursuit avec des réquisitions de peines allant jusqu'à 20 ans de prison.Marine Le Pen maintient la pression sur le gouvernement et menace de voter la censure si ses demandes ne sont pas prises en compte dans le budget 2025.Elon Musk devient l'homme le plus riche de l'histoire avec une fortune de 348 milliards de dollars, dépassant largement Jeff Bezos et John Rockefeller.La météo annonce un temps plus calme et frais avant l'arrivée d'une nouvelle perturbation demain après-midi.Notre équipe a utilisé un outil d'Intelligence artificielle via les technologies d'Audiomeans© pour accompagner la création de ce contenu écrit.
Have you ever noticed that no matter how much money you make, it never seems to be enough? We're tackling the most stubborn financial habit we've ever encountered: discontentment. Even John Rockefeller, one of history's wealthiest individuals, famously said he needed "just a little bit more" when asked how much money was enough. In this episode, we reveal: Why having "just a little more" never satisfies (and what to do instead) The shocking truth about how you're already richer than John Rockefeller in ways you've never considered How Instagram and social media are secretly destroying your financial contentment The counterintuitive "no muscle" technique that transforms your relationship with money A practical framework for giving that's helped us stay grounded while working toward giving away $1 million But here's what makes this episode different: Instead of just telling you to "be more grateful," we're sharing the exact systems we've used to break free from the endless cycle of wanting more – whether you make $30,000 or $3 million a year. We also dive deep into practical strategies like: Why deleting certain apps might be the key to financial peace How to set up "contentment benchmarks" that actually work The biblical wisdom behind avoiding both poverty and excess wealth A simple gratitude practice that rewires your brain's relationship with money Key Quote: "Whoever loves money never has enough, whoever loves wealth is never satisfied with their income." - Ecclesiastes 5:10 Resources Mentioned: SeedTime "Count Your Blessings" Merch: https://shop.sdti.me Bible Verses Referenced: Ecclesiastes 5:10 Philippians 4:11-13 Proverbs 30:7-9 Frameworks Mentioned: The Christmas Gift Rule: Something you want, something you need, something to wear, something to read The Age-Based Giving Framework: Giving your age as a percentage of income Billy Graham's Salary Cap Framework: Never taking more than $100,000 salary
QUOTES FOR REFLECTION“I am not a greedy man. If I was, why would I donate to charity? I care about others as well.”~John Rockefeller “I know that a man who shows me his wealth is like the beggar who shows me his poverty; they are both looking for alms from me, the rich man for the alms of my envy, the poor man for the alms of my guilt.”~Ben Hecht, American writer “Take care, and be on your guard against all covetousness, for one's life does not consist in the abundance of his possessions.”~Jesus (Luke 12:15) “All treasures will demand that you die for them, but Jesus – the greatest treasure – died for you. He lost everything for you. You are more valuable to Him than the universe — than even His own glory… YOU are His treasure! You are the ultimate treasure of His life.”~Tim Keller “It is more blessed to give than to receive.”~Jesus (as recounted by the Apostle Paul in Acts 20:35) “Why do we not observe how the charity of Christians to strangers… has done the most to advance their cause? For it is disgraceful that… the impious Galileans [aka Christians] support our poor in addition to their own, while everyone is able to see that our coreligionists lack aid from us!”~Roman Emperor Julian, Letter to Arsacius, 360 AD “I do not believe one can settle how much we ought to give. I am afraid the only safe rule is to give more than we can spare.”~C.S. LewisSERMON PASSAGEProverbs 11:24-25, 28, Proverbs 3:9-10, Matthew 6:1-4, 21 (ESV)Proverbs 1124 One gives freely, yet grows all the richer; another withholds what he should give, and only suffers want.25 Whoever brings blessing will be enriched, and one who waters will himself be watered…28 Whoever trusts in his riches will fall, but the righteous will flourish like a green leaf. Proverbs 39 Honor the Lord with your wealth and with the firstfruits of all your produce;10 then your barns will be filled with plenty, and your vats will be bursting with wine. Matthew 6 1 “Beware of practicing your righteousness before other people in order to be seen by them, for then you will have no reward from your Father who is in heaven. 2 “Thus, when you give to the needy, sound no trumpet before you, as the hypocrites do in the synagogues and in the streets, that they may be praised by others. Truly, I say to you, they have received their reward. 3 But when you give to the needy, do not let your left hand know what your right hand is doing, 4 so that your giving may be in secret. And your Father who sees in secret will reward you…. 21 For where your treasure is, there your heart will be also.
Stewart Heath, CEO of Harvard Grace Capital and a seasoned CPA, is on the podcast to reveal his interesting journey from being a CPA with a portfolio of real estate investing clients and a heavy dose of skepticism about real estate to being a passionate real estate investor himself. And he's sharing how interactions with his clients transformed his perception of real estate from a risky venture to a dependable path for slow, sustainable wealth-building. We're talking about misconceptions, importance of local market knowledge, complexities of financing, long-term stability and the essential role of housing in the economy, offering valuable perspectives on identifying opportunities amid broader economic shifts. With its stability, tax benefits, and leverageability, real estate stands as the original and most accessible asset.We delve into the evolution of real estate investment structures, provide a compelling analysis of the legislative changes in 1986 that reshaped the industry, and draw insightful parallels to the 2008 financial crisis and current trends in multifamily housing. And Stewart shares his views on the hybrid work model's impact on office demand and predicts that interest rates won't return to historical lows soon. Highlighting the timeless value of real estate investing, we echo John Rockefeller's wisdom: the best time to invest was five years ago, but the next best time is today. Connect further with Stewart Heath at https://harvardgracecapital.com.To securely invest with a partner that cares about your investment priorities and provides low risk with maximized returns, please consider joining our successful investing family and let us create a legacy of financial and community impact together. Please email bill@firstliencapital.com or go to https://www.firstliencapital.com.Stay connected with Bill Bymel and First Lien Capital:Linktree: https://linktr.ee/billbymelTo learn more, visit:https://billbymel.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/bill-bymel/
Check out the new Patreon Community by clicking here! In this newsletter we discuss two main things, the parenting moment is about being honest and the training thought is about the six movement patterns. The quote we share this week is from John Rockefeller. _____________________ Enjoyed the audio version of the email and want to sign up to the Stronger Dads Newsletter? You can sign up at www.strongerdads.co.nz _____________________ Want strength coaching? Check out my coaching services by clicking here. _____________________ Keen to support the Stronger Dads Collective? Join the Patreon.
Today, we are replaying what we call a forever episode, which are the few episodes of our show that we think will be as popular a decade from now as they are today. Every time I re-listen to this episode with David Senra, I leave wildly energized and wanting to share that feeling. So we are re-releasing it today for anyone who missed it the first time or hadn't yet discovered Invest Like the Best. David Senra has studied history's great founders and entrepreneurs in more depth than anyone I've ever met, and I'd wager more than anyone else alive. In this conversation, we cover many of the most common themes he's discovered studying hundreds of entrepreneurs like Estée Lauder, John Rockefeller, Enzo Ferrari, and Edwin Land. Please enjoy this great conversation with David Senra. Listen to Founders Podcast For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus, where we're changing the game in investment research. Step away from outdated, inefficient methods and into the future with our platform, proudly hosting over 100,000 transcripts – with over 25,000 transcripts added just this year alone. Our platform grows eight times faster and adds twice as much monthly content as our competitors, putting us at the forefront of the industry. Plus, with 75% of private market transcripts available exclusively on Tegus, we offer insights you simply can't find elsewhere. See the difference a vast, quality-driven transcript library makes. Unlock your free trial at tegus.com/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes [00:00:00] Welcome to Invest Like the Best [00:03:01] First question - When he first fell in love with reading [00:07:01] What's rooted in his own history that's made him obsessive about studying history's great entrepreneurs and founders - Founders Podcast [00:10:34] The first time he connected with someone as a positive role model that he was reading about [00:13:45] How often obsession is apparent in the founders he's studied across hundreds of biographies [00:18:08] What is often behind obsession and how people listening can apply the lessons to their own lives [00:22:45] The dynamic and relationship between inspiration and perspiration [00:27:11] Commonalities between the layers of leadership and support underneath founders [00:31:52] Where else he's seen ego rear its head in good and bad ways [00:38:34] How often do great founders break the law or enter gray areas of it [00:41:22] The role constant learning and listening plays in success [00:45:12] Talking about how anything worth doing is worth doing to excess [00:52:18] Describing the soul of founders and businesses [00:58:39] What he's learned about all of these founders as it relates to marketing [01:04:38] A common story that process is often art [01:08:10] Who David's idols are in podcasting [01:14:55] Major aspects of people he's studied that haven't been discussed yet [01:19:55] The kindest thing anyone has ever done for David
Známý podnikatel a jeden z nejbohatších Američanů v dějinách John Rockefeller věnoval v roce 1896 Clevelandu zalesněné údolí na východě průmyslového města k vybudování veřejného parku. V něm postupně vyrostly desítky zahrad uctívajících kulturní velikány národů, které tvoří pestrou směs obyvatel Clevelandu. Českou zahradu tu najdete už bezmála 90 let.Všechny díly podcastu Zápisník zahraničních zpravodajů můžete pohodlně poslouchat v mobilní aplikaci mujRozhlas pro Android a iOS nebo na webu mujRozhlas.cz.
“Prefiero ganar el 1% del esfuerzo de 100 personas que el 100% de mi propio esfuerzo” es una frase atribuida al famoso millonario de finales del siglo pasado John Rockefeller, que recientemente escuché y que confieso me puso a pensar, pues encierra perlas de sabiduría financiera. Acompáñame en este episodio donde analizaremos esta frase y sobre todo como podríamos ponerla en práctica. ¡Bienvenidos! Y si quieres transformar tus finanzas personales saliendo de deudas, construyendo riqueza y vivir como quisieras, toma ya mi curso Online "Los 10 pasos de la Transformación Financiera" a un precio más que bueno: ¡$1 USD por lección! Para darle un vistazo, ve a: https://consejofinanciero.com/cursofinanzas/
John Rockefeller incarne le rêve américain. De condition modeste, il fonde un empire pétrolier et devient la première fortune mondiale, avec des méthodes controversées. Mention légales : Vos données de connexion, dont votre adresse IP, sont traités par Radio Classique, responsable de traitement, sur la base de son intérêt légitime, par l'intermédiaire de son sous-traitant Ausha, à des fins de réalisation de statistiques agréées et de lutte contre la fraude. Ces données sont supprimées en temps réel pour la finalité statistique et sous cinq mois à compter de la collecte à des fins de lutte contre la fraude. Pour plus d'informations sur les traitements réalisés par Radio Classique et exercer vos droits, consultez notre Politique de confidentialité.
Fortuna legendaria en Estados Unidos, John Rockefeller ha dejado una huella muy profunda en la historia de las finanzas. Todo empezó con un tarro verde en el que un niño que se llamaba John Rockefeller acumulaba las ganancias que conseguía con la venta de piedras pintadas. Fue el origen de un magnate del petróleo con un poder legendario que cruzó fronteras y la mayor fortuna que ha existido nunca en Estados Unidos. Clara Ruiz de Gauna, redactora jefe del periódico y autora de la saga sobre los personajes que han hecho historia en el mundo financiero que se publica todas las semanas en EXPANSIÓN, y los redactores del periódico Amaia Ormaetxea y Antonio Santamaría analizan el legado del patriarca de una familia multimillonaria.See omnystudio.com/listener for privacy information.
Grâce à l espoir de voir les taux d intérêt baisser plus vite que prévu, les indices boursiers sont tous passés au vert vif. Mais quelles sont les conséquences de ce rallye boursier de fin d année ? Le mois de novembre, qui vient de s'achever, a été excellentissime pour la plupart des indices. Il faut remonter au mois de novembre 2020 en plein COVID, mois durant lequel nos scientifiques ont découvert le vaccin contre ce virus pour retrouver des indices boursiers aussi verts. Et tout ça grâce à quoi ? Essentiellement à un espoir, et comme vous le savez, l'espoir, c'est du bonheur qui attend. Et ce bonheur, c'est la baisse des taux. Depuis deux ans maintenant, les taux d'intérêt n'ont fait que grimper. Alors c'est mauvais pour les actions Et certains secteurs qui vivent de l'endettement, comme le secteur immobilier, souffrent le martyre de cette hausse des taux, jugée trop haute, trop rapide et trop brutale. Mais voilà, la plupart des acteurs de la finance sont aujourd'hui persuadés que la hausse des taux d'intérêt arrive enfin à sa fin et tout le monde va enfin pouvoir respirer. En tout cas, en 2024, les ménages qui veulent emprunter pour acheter une maison ou un appartement, les entrepreneurs qui pourront se financer à un taux plus raisonnable et les États surendettés qui n'aiment pas les taux trop élevés pour ne pas se retrouver asphyxié avec des remboursements démesurés… Mots-Clés : sondage, Financial Times, économistes, Banque centrale, américaine, monde, cours, rallye boursier, fin d'année, affaire, clients, rendements, positifs, concurrence, bonus, banquiers, accident, grimpe, actions, l'or, cryptomonnaies, valeurs soldées, penny stock, mode, faillite, conseils, influenceurs, boursiers, leurres, John Rockefeller, célèbre, milliardaire, histoire, crise, 1929, New-York, évolution. --- La chronique économique d'Amid Faljaoui, tous les jours à 8h30 et à 17h30 sur Classic 21, la radio Rock'n'Pop. Merci pour votre écoute Pour écouter Classic 21 à tout moment : www.rtbf.be/classic21 Retrouvez tous les épisodes de La chronique économique sur notre plateforme Auvio.be : https://auvio.rtbf.be/emission/802 Et si vous avez apprécié ce podcast, n'hésitez pas à nous donner des étoiles ou des commentaires, cela nous aide à le faire connaître plus largement.
No, it's not a novel by GK Chesterton; it's the takeover of the world's investment markets by a sinister posse of giant passive fund managers and private equity firms. These now possess the sort of political and economic power that would have made John Rockefeller green with envy. We talk to John Coates, professor at Harvard Law School and author of a new book on "The Twelve", about Blackstone, BlackRock and the rest; where the threat lies and how we should manage it. Presented by Jonathan Ford and Neil Collins.With John Coates.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News Hosted on Acast. See acast.com/privacy for more information.
Transcript: All right, welcome to this week's edition of the business owners not my call, John Pyron, the business stalker, your host, and several of you are going to be listening to the recording. So definitely want to should be here today, this is gonna be a fun call. And I want to remind everybody the format when you're here on the live call, you can talk about whatever you want. Okay, I'm going to talk about a very specific topic. In the first week is marketing. The second Monday is sales. The third Monday is operations, service delivery, which is what we're talking about today. And then the fourth one is administrative finance. So just FYI, for next week, I'm gonna be on vacation, but I'm gonna have Adrian lead the call again, except he's going to have a special guest, leading Madeline Ferguson, or the owner of the company, and they are my go to bookkeeping company. And so they're going to talk about admin and finance. And we are very action packed calls. So when you show up here, definitely write down your biggest business problems or challenges, anything you want to talk about, that you can use the group's help on. And so with that said, I'm gonna share my screen here real quick. And let me introduce you guys to a really cool tool. Where is screensharing? There it is. So so. So if you're not familiar with checked GPT, or GBT, or whatever it's called GPT check GPT. It's an AI tool. There's a lot of talk about chat, GBT, it's the top one in the market. But I'm like, I don't want to learn this, I want nothing to do with it, I would rather hire somebody and outsource it. And so you know, which is exactly what we're talking about today. At some point in your business, you're going to want to create processes and systems and things like that. So this specific mastermind that we're involved in here is you are not putting 100 grand in your pocket after all expenses. And everything else is said and done. You're not doing that yet. And so everything we talk about is geared towards that. So when you start getting into 250 400 $500,000, Business, operations and service delivery in systems and processes become extremely important and extremely valuable. What I want to let you know, after having built all these businesses and consulting a lot of business owners start the operations and service delivery process now, while you're small while you're the one doing everything. You want to have systems in place. By the time you get to the point where you have to outsource that skill because there's just not enough time in the week left for you. And thing I like about this like okay, what are the All I did was I went in there ago, what are the top 1010 challenges facing small business owners as it relates to operations and service delivery. And immediately it came back with this list right here. It says small business owners face a variety of challenges when it comes to operations and service delivery. These challenges can vary depending upon the industry location and the specific nature of the business. However, there are 10 common challenges that many small business owners may encounter. And I'm not going to read this whole thing. I'm just going to hit the highlights limited resources cashflow management, customer acquisition and retention, technology integration, compliance and regulation, staffing issues, inventory management, scalability, quality control and supply chain disruptions. And so these are the things that ultimately you have to solve. When you're first starting out, the limited resources and cashflow management, customer acquisition and retention are really I agree with this top three. You got to figure out how to get that dealt with. You're only one man show one or one man or one woman show. And so when it comes to tools, a tool like a chat GBT it's free. When you do the paid for version, I'm thinking this is only 20 bucks a month really? And you can type in whatever you want. Okay, so like yesterday I was talking to or last week I was talking to Kevin, right and Kevin's an awesome mortgage person. So I was just curious. I'm like, Okay, what are the top 10 The challenges mortgage lenders are going through right now. Right? What are the top 10 challenges facing mortgage lenders in 2023? Because Kevin, and I'm gonna give Kevin some props here, because his is now going to be coach Kevin. And so all of you that are going to listen to snippets of this, I, I am coaching, consulting Kevin on how to be a great coach and consultant in this space. So you can definitely count on the fact when you hire Kevin, as a coach, you're getting me to, okay, so, and I've consulted well over almost 800 business owners now 1000s of mortgage people, 1000s of realtors. And so working with Kevin, it's not just Kevin, you're getting a team associated with it. And so one of the biggest tips I gave him is you create a video on these top 10 things, right? And so it'd become, it becomes a system. So the first exercise, he's going to create 10 videos around the top 10 things facing his target market. And once he goes through the efforts of doing that, okay, how do I do the video? What do I say? How do I say it? Do I edit it? Do I cut all the things that are associated with creating 10 videos 10 Separate videos, it's going to become a process. And and you'll want to definitely document how you did it? What tools did you use? What were the results. And that way you have a process and a system that you can train somebody else on that. Okay, so when you're building a new business from scratch, or you're a small business owner, and you're not at a level where you can afford to hire somebody, or you can afford to outsource, at some point, you're going to want to outsource it. And the easiest place to start is document what you're doing right now. So there's a couple tools I want to give you today. Number one is see when number one is going to be let me get rid of this screen here. One of the tools that I want to encourage you to get is going to be a thing called Brain toss. B R A INTOSSK. Brain toss. Brain toss is an app that goes on your phone. And it allows you to take a photo, it allows you to do a quick voice memo, I think the max is 30 to 45 seconds. And then it has a place for you to text or do voice to text. And the moment you press send, it goes to your email. Now you could customize the backend to go wherever you want it to go. In my case, I have a folder setup called Brain toss. I have a rule in my inbox that says if you get any emails from this brain toss thing, automatically routed to this folder. So I've been doing that for well over two years. The reason this is going to become super valuable, is I think, double check something tomorrow morning. I am going to be talking with a guy named Andy Sharma, which I highly recommend at this point because I've vented their company heavily. Matt, he has a company called get virtual services is a huge team of people out of India. And I'm going to be doing a call from with him at 8am to 8:30am. Because I'm I'm at a point where I'm like Okay, kids back in school, gone through my three year hiatus of not purposely not growing and expanding. And now I want to grow and expand. The very first hire that I'm gonna make is an octopus is a personal assistant of virtual personal assistant. And my, my, I'm going to finalize what I'm looking for with him tomorrow. But essentially what I'm going to tell me tomorrow is I'm gonna say Listen, I need someone that I can have a either a a chat dialogue with, or a zoom call for about five about probably about 10 minutes at 8:30am. Monday through Friday. Okay, that's number one criteria, that person has to be available 8:30am Monday through Friday to do what's called a daily huddle. Right. You have a team of people or you got to be a daily huddles are was really that term was coined by John Rockefeller when he was building his competence and he called it the name and the value is i is I'm gonna go there I'm going to have all this stuff over the last 24 hours, that I have tossed into brain toss, okay, all the ideas, all the things I'm going to do, what I want to do this email that I want to send out, all these things that go through our heads as entrepreneurs, I use that tool to just toss it out of my head. It's why it's called Brain tossing, apparently, okay. 8:30am, what I'm going to train this person how to do is to organize my thoughts before our call, right? So when I talked to him, I'm like, I need someone who has a skill set, that I can, I can get on a phone call with that person, dump all the crap off of my plate onto their plate. And they have to figure out what to do with it. If I don't want to train them how to do anything, I don't want to train them to go do it, I want them to ask me very important questions, and I want them to be better than me. That's my number one criteria. So Andy, you need to find somebody that has at least a bachelor's degree in business, somebody who is organized, somebody who is resourceful, I'm going to assess them with an assessment to make sure that they have the skills. And then every Monday, every morning at 830, I'm going to show up. And before I even show up on the call, she is going to she or he is going to look at my brain toss folder, because I'm going to give him access to and they're going to add they're gonna write down all their questions. So when a three happens, I'm on Zoom, we hit record. And I'm gonna say, Hey, here's what I want you to do. Boom, boom, boom, boom, boom, boom, boom, she's gonna ask some clarification questions, I'm going to properly delegate to her. In other words, I'm only going to give her stuff I know, she can actually do. And I'm gonna say, hey, I want you to send this email, or I want you to create this social media post, or I want you to write this document, or I want you to take over this process. And and here's the folder where I have recorded over the years how I actually do that. I want you to master how I do it first. And then once you have mastered how I do it first, then you're going to show me that you know how to do it exactly how I've done it. That's the next step. And then from that point forward, you have my permission 100% to make it better, make it more streamlined. You own it from this point forward. Okay, I'm gonna take one thing at a time. So brain toss is a tool. The other one is fathom, like you're seeing right here since John Pyron, is recording his call this call for note taking purposes. And it's called fathom, it's free dot video, it's right there on the screen. Okay, highly recommend, it's actually part of the Zoom app stack, it's, you go to zoom and you look up apps, it's part of their stack. Now, you just add it to your zoom. And this thing takes notes, I can highlight certain sections of this call, it will tell me if I'm going on too long. Right? It has a monologue detector, okay. And, and so forth. So, but I'm going to take that tool, one would bring to us, and those are going to be and probably otter, I'm trying, I'm getting away from otter more and more, because they have gotten so proud of themselves that they've tripled the fee on that. So we're gonna get rid of that. But I'm gonna have these systems in place so that we when I do ultimately outsource to someone, which I'm doing, when I get back from vacation, I'm just going to interview for the person tomorrow. I already have a ton of stuff on my Google Drive, of how I've done lots of things. And it's going to make me onboarding her so much less stressful, and so much easier and faster, because I've collected how I do things over the years. So knowing that one day, this day is going to come. The other thing that I'm going to toss in here is a four list. If you go into your resources section and dropbox folder, look up for list, business systems audit. I'm going on vacation next week. So somebody else is going to run the call next week. But while I'm on vacation, I'm going to update my for list business systems on it. Because I'll be on a ship and there'll be plenty of downtime. And I'm going to update my list of all the crap I don't want to do no more. Yeah, when I get back, and I hired this person person and cost me $5.50 an hour when everything's said and done. It's cheap, guys, it's been it's been that on a Well, my thing might go to Starbucks thing is a is a grande vanilla latte with an extra shot. It's about $5.50. Okay, so, exactly. So I'm going to break it down, I'm going to get her for 20 hours a week. So we have 440 bucks a month. And once I get her dialed in on my stuff, and this is a tip for you, Kevin, once I get her dialed in on my stuff, then I'm going to turn around and have her do stuff for my clients, and I'm going to charge my clients $25 an hour. So I'm gonna have certain clients, not you guys, obviously, you're a part of this, because you already know this trick, I'm gonna hire that person, and I'm going to build them out to somebody else. So I'm gonna make about 20 bucks an hour off this lady. I want once I have that nailed down, give her up to 40 hours a week, and I'm gonna go find four or five more. Why? Because why not? So when I have a business owner plant, there's all kinds of things that they they pay 20 to $25 an hour for those challenges. They have to put them on payroll. And, and they have to cover workers comp, and all this other stuff. And I can go into business or go let your let me have my VA worklog work for you for 10 hours a week. Yeah. So knowing that getting your four lists down will tell you what is the next step who is the next skill set that you should hire? Right. So I hope that's been valuable for you. I'm gonna open it up for q&a. Kevin, you were here first. So would you like some coaching? You want to comment on anything we've talked about? Or would you like some coaching on some other stuff? For your VA, your setup, I assume that you just the price is based on a flat fee, so much per so many hours for the month kind of thing. They want me to commit to 20 hours minimum per week. Okay? It's $5.50 an hour. It's month to month, so there's no long term contract there. I actually got it. I've worked with a lot of VAs like this, I had an entire team going before COVID. And I just had to put it all on home. So times 20 hours a week. And it's 110 a week, times 4.3 weeks in a month. So that's gonna cost me about 475 bucks a month. But this person is dedicated to me. And I'm sure this agreement comes my employee. Okay. And before COVID I had Sonia, she was costing me $10.50 an hour. But she, she ran the show on a lot of things in my business like she ran it, because over time she really learns Yeah. But the guy that was the the Jedi Master of this is Tim Ferriss, he wrote a book called Four Hour Workweek. Sure, and that's where this whole VA craze started going very well the key to vas. And the key word I told Andy is I need someone who talks perfect English, and understands perfect English, right? Because this person is going to be responsible for all the other VAs that I'm going to hire. Okay, I only want one person to manage. And that is my assistant, she's going to find the videographer, she's going to find the content editor, she's going to find all these people that are going to be you know, speak her language, I don't care if they talk English or not. Right? I want her to be able to talk to them. Right? Because I've learned the hard way trying to manage VAs myself, it's it drives me crazy. So I just won't do it. So if I can't find somebody in his organization to be that person, I'll find somebody right here in the United States to be that person. Right? But I'm gonna fight I'm gonna find somebody that can give me an hour a day of doing nothing but managing John Pyron. And getting all the stuff John wants to get done through other people. So the difference is the between a 2x jump in the business versus a 10x jump in the business, which you have the book and you know, what I'm talking about is I'm looking at okay, how do I make that 10x leap? Not that 2x leap and there's about 80% of the stuff I do right now that's gotta be outsourced, delegating, automated or go by the wayside. In reference, to get to that next level and so clarifying question. Yeah, I was more just, I mean, I have other questions about vas, but I can come back to those. It's really around logistics and more compliance things. So it's a little more specific. That's really all I had. I don't have much about it. I I'm kind of in that place where I still need to be better at documenting what it is I do that there is for brand new small business owners. I just had this conversation with another client this morning. Michael Gerber used to be the go to guy for that space. He's now at an age where he's going to retire not producing the more books. his protege David Jennings, who he hired to for six months to promote his last book. Michael Gerber wrote the foreword to the new book called system ology. System. ology is by David Jenny's. And it's, it's kind of Michael Gerber's work. We engineer for startup businesses. And there's a whole system online about it. But I love the work that the guy has done. He's basically taking Gerber's work. There's a lot of Gerber's work, because you're already established, right? You have a big business, and you know, but there's that gap between startup and having a team that this guy fills that spot. And, and so I would highly endorse, you're looking to build systems, and you've never gone through the process of building systems. Definitely get that resource. And that's going to help you a lot. Okay, Lisa, any comments, feedback? Questions about the topic that we've talked about? Yes. So how did you find this VA? Would you care to share them? Or? I mean, because I'm looking for vas. And it just seems like there's so many out there, and it's hard to find one that actually syncs, you know, and also like, they're in Philippines, or they're in the Pakistan, or they're in India, and it's kind of like, hard for me to, to like, trust them, if I don't have, like a referral that's had already worked with them, because I don't know, you know, like, where, or whom do I pull the trigger? So I'm gonna put his contact info in the chat window. Tell him I referred you. I've vetted him and about five other companies. And references and also their stuff. And they're legit. So it's, it's secured through contracts. Companies like this, I hire a company versus an individual. Because the company, they have lots and lots of US based clients. And so what I ended up doing for this with this guy is I had him give me five references of USPS people that have used his services. And then I called each one of them and had conversations with them about him and his company, man, and it's legit, so they're in business to increase their hours with you. That is why they're in business. And so depending on the type of like, in your case, neither one of you have these types of regulations. But if I'm like, an IT company, or I'm dealing with sensitive data type stuff, then I have to get my clients permission to use somebody like this. Because there is a potential exposure to a foreign content. country with data. Okay. In this case, having known for companies, I have a really good security in place with Google Drive. And now I have my Google Drive setup, that they don't need to do jack without my approval. Yep. So and they would be slicing their own throat, if they did something with my stuff. So where people go wrong is they'll get somebody that they really like with a company like this. And they'll go hey, how about we just work directly together? Yeah, only trying to bypass the company. But it happens. challenges when you're dealing with a company, they have insurances, they have cybersecurity insurances, they have all the stuff that protects you, their customer. And you're going directly with an individual. Again, you don't know it's not like I can sue them in small claims court. Yeah. Right now, I think I'm very careful on what I give them access to. And I never give them the keys to the kingdom. So that makes sense. Yeah. Okay. All right, before we get to you guys's individual needs us or anything else that you guys like to talk about on this topic. Nope. Okay. So Kevin, what can what can we help you out with today? I mean, I, not much I need just be more in action. So I, there's not much you can help me to. Yeah, I mean, I got plenty to do today. And I don't know that there's much to figure out about it. It's more just doing it. Right. So do you have your the two videos you just sent me? Do you have them on your computer? On my phone, okay. Feel free to send it, put it up in in their Facebook group. And that way you can get feedback from everybody. Okay, yeah. Do you want feedback from everybody? Kevin? I don't, but I really need it. So. Right. Absolutely. Because this is your target. So getting feedback from from the group is just going to help improve it all. So yes, I agree. You got this natural speaking ability, which is really cool. And it's just gonna get better, the more you do it. Thank you, Lisa, what can we help you out with today? Well, I like scaling my business, how do I like break out of this mold of just working with like, my current status quo. And like, you know, I'm thinking about making a leap of just doing more commercial and bigger deals. So how do I make that leap? I know like the market right now. It's kind of like a scare mentality, right? Or that, you know, market it's tight. Interest rate is crazy. No one can afford anything. And so it's like, you know, what, what is like a good precision for me, just like stepped out at this moment is like, you know, yeah, work on the bigger things are bigger deals. You want to do more commercial, right? Yes. And so thank you. I'm just I have a client named Maggie Capitano. And she's in Yuba City of Marysville. And one of the strategies that we went through last week is because of what farmers is doing to the insurance industry in California, she's going to have to diversify. And now farmers is requiring 1818 minimum, either commercial or life insurance policies per quarter. Okay, for all farmers agencies, they want more and more life insurance, and they want more and more commercial insurance because they get they're getting decimated in the state with their residential stuff. Right. So her thing is exactly what you're talking about us, okay, how do I go after commercial? Successful because it's a bigger sale. Right? There should be, unless you tell me differently, there should be a lot more inventory in the commercial space, then because a lot of you aren't coming back to work. And so it's relationship driven, that that space right there is very, very, very relationship driven. So the very first thing I would do is make a list of potential poi relationships. Making some notes here. person of influence relationships have. So let's say who would be the person of influence relationships, give me a second. I'm gonna pull up the data. They get a great list here. See if I can pull it up on some of the screen and I'll share it while I'm finding this So, there is an organization in Sacramento called BOMA, which stands for business owners Management Association or building owners Management Association and they have a Sacramento Chapter so you know, hang out where this building owners and management organizations hang out if you want to get access to those people talk with the categories commercial say that again, have you done commercial before? Yes, I have a little or a lot and what kind? Well, I'm, I'm you know, I do like the smaller owner user kind of commercial like I did a couple retail strip did a couple of come mean commercial residential stuff. mixed use properties. Yeah. Yeah. wherever they come from. sphere of influence. Cool. So go ahead, John. Sorry. Categories LIS, right. Definitely, you want a commercial lender? Someone that when Kevin can do commercial lending, but what you're looking for is somebody who's only focused on commercial bank. That's all they do. They don't want to they're anxious in or in residential, Nebraska, wants somebody who has insurance and commercial lending. And I'm just making some notes here for you. I have a few and commercial lending, they're actually even better because they can pay you a referral fee. Absolutely. Yeah. Somebody who specializes in commercial insurance, specifically commercial insurance. Right out the gate. Let me refer you to is a huge presence in the San Francisco market. He just moved here three years ago, and he has only focused in life is commercial. And so his name is Dimitri Golodryga. Alright, I just texted you his cell number contact info everything. He's got a connection for you because he's been wanting more and more to expand the into the Sacramento region. He lives in Rockland. You've got eight or nine people that work for him. So he's an agency like he's got 1000s of commercial properties and commercial businesses that he does insurance for. Yeah, I don't know if he has a realtor in this market that is specifically focused on that space. A good commercial banker business banker my go to business banker is Renae Anderson, the tri Counties Bank. She moved up here from LA and this woman has been able to get more stuff done with business owners I've referred her to then all these other documents referred to their own well they can't get them they can't get it done. She doesn't take that tactic. She was like hey once once you once she has she is clenched like I if I can't get it done, I got lots of resources help me get whatever you want done business. commercial lending buying buildings things like that. Good solid CPA that specifically focuses on companies that are 1 million and over a business attorney so make a list here for you It managed services bank card services I'm gonna land the plane here in just a second just helping you build your network here remodeling contractor signs and banners are printer what can you keep react as long as they're focused on like the bookkeeper I refer to she's going to be here next Monday. Their main focus is one to 1 million plus businesses and $1 million a year revenue. So that's that's their go to don't take everybody. But when it comes to their focused marketing, it's going to be that business that is between one and $5 million and security systems now, this is 1-234-567-8910 11 I'll scroll snapshot this to you, I'll snapshot this and text it to you. But the strategy is this we need to find people in this space that are vetted that you enjoy talking to that can become what's called poi for you you only really going to need for to get to your goals quickly. For people and my goat my requirements are listen I have that five part video series in the Google Drive called poi you just look it up follow it to the tee but I look forward to I like them are they actually act? What is their say? Are they actually out constantly, you know going after new business in aside I'm going to put a star next to to a couple of things here so insurance banker CPA, it managed services bookkeeper, security systems. I'm specifically looking for an employee II in that space, not the owner of the company. Okay, now the reason this that is is because I'm looking for the salesperson that has a quota on their head that they have to hit every month with new business. Okay, so I'm looking for a commercial insurance broker who has an employee that's a commercial sales rep that I can develop a relationship with because that employee is required to hit certain numbers every month. They're very active in their sales approach a cabling company just started a couple other people cabling company, office furniture you follow the money trail. When I buy a building, or at least a building. I'm going to use a commercial real estate versus commercial leasing agent commercial real estate versus all those buildings. Okay, we're gonna need ti work. They're gonna be cabling infrastructure. They're gonna need office furniture and we blinds and shades and, and all this all the stuff that these commercial spaces do. That's why BOMA is probably a really good organization to join. If you're going to go after the space because you get access to all the vendors that are BOMA members. Then it comes down to relationships. Who who going through this list now there's 13 on this list, all you need is for you is finding somebody in each one of these spaces here, that can be your go to person, when it comes to a commercial person, so you meet Joe Smith, Joe comes to you, he wants to buy a building. Or Joe Smith comes to you, and he wants to lease a building. And you're like, hey, let's talk. So all of a sudden, you, he agrees that you're going to be his real. So you're going to meet, okay, this is what you're looking for, this is the exact spatial or go forward, this is a square footage, if it's a lease, this is the terms of the lease that you're looking for. And once that all happens, and Joe goes, Great, let me sign the lease, let me you know, I'm gonna buy this building. And you get to that point, so you either hook him up with the banker, or the commercial lender, or, you know, you get them to sign the lease. And now you need all you need any relationships and all these other spaces. Because you want to have your IT company in there, you want to have your model, contracting your contract, when they're remodeling, you're gonna want signs and banners, you're gonna want security systems, cabling, office furniture, all these things that go into buying a building, or leasing a commercial space. And if a word gets out that you're the go to person to make a move easy, you're gonna get a reputation. Okay? So it's taking, usually, if it's a big company, when they're looking for 20,000 square feet, or 30,000 square feet, you're usually dealing with the office manager at that point that first right? I would imagine that with MLS or any other systems that you guys have access to, you can get a list of all the leases that are coming up for renewal. Yeah, these people probably are tired of leasing and they want to buy it's a great time to buy. You see I'm saying so if you're wanting to break into that space, you've developed relationships with people that already have the middle like the cabling company. Typically the it cabling the cabling company are usually or the the banker are usually the first people to know that I'm interested in moving around interested in buying because that's the infrastructure that has to be done. So, your homework will be to take this list and create for poi relationships in the space take a picture of this and these are all people that you want to develop a relationship with overtime. So now you become the go to commercial realtor from them. So and you build this team, and and this, this system, if you will, to buy a commercial building this commercial space. That's how to even turn it into a system. So Am I answering your question? Am I Am I the academy any feedback here? I was gonna ask you, John, did you start at the new love tip? Chapter were you able to? Wow We're starting to win in Marysville. Oh, Marysville. Okay. I'm still that's not going to happen till October. I'm still looking for someone that wants to start one in where you're at. Oh, Grover, wherever you're at. Elk Grove southern Park. This if you look at this screen here, these top uz it's the top four here, the top four or you can go look at any of the tip chapters across the country. Usually the top four categories here, or even the top 10 but mainly the top four are the people that usually start these because once once they have the group, those categories have never opened ever again for a long time. You know, Bill hoagie is the founder of the tip of Carmichael. They've been around for 36 years. And he's built his company. He's got about 12 people on staff and about 85% of his businesses come through. That's it. Millions and millions, millions doors. So he didn't leave anytime soon. That category will not be open until he retires or dies. Yeah. And then gonna probably have an employee ticker. So, but yeah, you want to be the go to person to start tip chapter. You said oh growth? Yeah, self Sacco growth? Yeah, I mean, that's no growth is an untapped market. And, and I'd be more than happy to help you build it. And so all the homework, I would give you same homework, I gave Maggie Capitano. Open Marysville is getting the top 10 list here, you probably know somebody in there and just go out and say, Hey, we're thinking about starting leave a tip chapter, you know, growth. You're the you're the mortgage person that I know, you're the financial advisor. I know, you're the property and casualty insurance person I know. Would you like to have a conversation with John Pyron, about what that entails? And while you say yes or no, either way, if you decide you're going to start it, there's going to be a line out the door with certain categories here. Because I'm gonna go, I could all I got to do is to do a couple of social media posts. And listen, I'm starting with Chapter Millgrove. And it's first come first serve your property casualty insurance company, you want to get a spot because what's taking stake in those categories get fed a lot of business. So the only commitment that you actually have to make is I want to start with and because I'm going to do the lion's share of the work for the first three or four months to build out this chapter. And the tip is excited that I decided to do this. Because I want to speak at the convention in April. What's the annual fee for the tip 440 to join, that can be split out at $200 a month to $200 down 125 a month. And then the annual renewal is $360. That's up directly to the tip. Work. If you bring in two people or if you bring in six people into the tip anywhere in the country, you never clear any. And once you get to where you brought in 25 members into the tip, you have what's called a gold badge, which is what I am because I I wouldn't go back because I never wanted to pay the tip and never die. So once you hit 25 members, your lifetime member you'll never pay another dime. Yeah. The only fee only reoccurring fee that you have is each chapter has their own chapter dues, which covers either breakfast or lunch, whether it is whether it's a lunch chapter or a morning chapter in your case, because you're wanting residential, or you're wanting to real estate type connections. It needs to be a morning in the morning group that started about seven o'clock, till about 830. The reason morning groups are successful is because a lot of contractor type people. Once they're once they leave the meeting, they're not coming back to the lunchmeat. There's not many successful contractor real estate center groups that are lunch means there are mostly afternoon means and if you want to check it out in real time. Carmichael Lipton of Carmichael is the best example in the region of a real estate based chapter. They meet 7am North Ridge Country Club in Carmichael. And like I said, Chad has been around for 36 years. If you want to attend, I just got to let them know that you're a realtor, you're gonna come and attend as a guest just to see how the chapter runs because you're thinking about starting your own shop. And they'll be okay. You just won't be able to get a commercial as a realtor in that. In that group meeting. You just fly on the wall to see how the meeting ends. Yeah, I joined the one in West sac last month. It was eye opening. It was an impressive West SAC is a yeah, this in West SAC, you know with who was it a duck Coville and oh, you join the chapter. I mean, I didn't join them. I did a visit. Okay, okay. She did the Sakhalin champ. Yes. Was that one goal? Second Chapter. Oh, that is the Sacramento Chapter. Okay. Yeah. With Want to say what's her name? Oops. I can't hear you now. No, I'm still here. I'm just pulling up some. Okay. Yeah. So if you go chapters, Northern California, Sakhalin was the largest chapter. region. And the nice thing is, is once you're part of the team, you get access to all this nationwide. So they meet Tuesdays seven o'clock. And they're president is keep Kamala, she's the bank. Yeah. But this chapter has been around for 20 years, they said, Yeah. See that? The oldest member in the group is John and Troy and COVID. So you guys are real here. Financial Advisor, mortgage loans and residential real estate. Yep. And then since 1992, okay, those chapters, those categories have not been opened. So, whenever will be so long as these people are alive. So but yeah, it wouldn't be hard at all to duplicate this in your so f4 at 25 members of group averages about $1.5 million in shared business. At 30 people, they average about $2 million in shared business amongst themselves. If 44 members there, that group probably averaging about $4 million in shared revenue per year, shared commissions, because they're realtors, they don't report the value of the sale, they report their commission. So, but the nice thing is, is and how the only reason I actually joined looks it is let me share my screen. is I want to I wanted to go to my client and say yes. And so they wouldn't say okay, do you know, they like had somebody recently? It's like, Hey, do you know of a family law attorney? Absolutely. All I do is I go here and I go, attorney. Family Law was 28 of them. With guns 28. searched by the area here. And a man in Northern California, all the way home. He called me. Yes, sir. We have two family law attorneys in my backyard. So I just click on Dominic. And I happen to know Dominic, not from experience just being their manager. And I'm just going to pick up the phone and I'm gonna call Dominic, the one person that's the hardest to get a hold of on this planet as an attorney. But when I call their office, their receptionist is going to answer. Can I tell him he was calling? I'm gonna say yes. It's John Pyron. From the tip. Hold on. Just a second, sir. Yes, let me pass you through. Okay, I actually get to talk to the guy. And and he'll actually returned my call. Because I haven't I mean, no tip. And then I'll say, Hey, I got this person looking for a family law attorney. Are you are you taking new clients yet? Let me do a referral to them. So now I go here. And I'm going to give him the defaults to my chapter, which is the one I'm a part of. And all you got to do is take this filter off. And I'm going to look up Dominic. And here he is, I'm gonna send him this is also on my phone too. I can do this on my phone. And I have personal contact company name, phone number, email address, where the details are, I'm actually marked as a private tip because if it's a family law attorney, it's probably a personal thing. Right? And I'm going to hit submit, it's going to give an email and a text that I just gave him a referral. We only pass warm referrals here. We only have passed a referral where I've actually had the conversation with the person I would refer him said, Hey, I talked to Dominic, he's open to talking to you do you want me to refer him to absolutely is a warm referral So and I have access to everybody nationwide. There's 4900 members nationwide to earn 12 chapters. So I can meet my client's needs anywhere. Where this comes into strategy for both of you. Right? Is there's only one other business consultant in this whole region. Her name is Gina macaroons, socialism tip of Carmichael. And I don't think there is a business coach, there used to be a business coach in the Sacramento Chapter, but he retired. So the business coach and business consultant category is wide open anywhere in this region set for my chapter in Carmichael. But once you join, now you get access to all these people nationwide and where your categories not represented. You can talk to the people in that group, about you and your services, and so forth. So as a commercial realtor, if you join, if you start your own chapter, you're gonna get access to this. And now you're gonna build your network of vetted resources, you're gonna go in there, though, who's who's the electrical contractor, who's the business, commercial number, who's this and you've ever looked at the categories and call them and say, Hey, I just joined the tip, I'm going to be going after a lot of commercial business, and I'm looking for go to partners to refer my clients to your in luck tip, I'm gonna tip love to have loved to have a phone conversation, I will do a phone conversation. Too many people want to have a coffee and a meet and greet, no lunch and all this other stuff. And it's a waste of time. Until you know you like the person. So that's how I would approach that. And like I said, if you want to start your own chapter, just let me know. Because Celerina just paperwork. We don't even you don't even sign up on anything until you go, I want to do it. And then we'll say, Okay, three weeks from now, we're going to have a meeting. And our goal between now in that meeting is to find five other people just like you that want to join, we have a meeting. Here's what we're thinking about doing. Here's what we're going to do. And you have a meeting of the people that would be a part of that initial group. And everybody says, Yep, we're going to, we're going to, we're going to do it. Okay, so everybody signs up, the tip sends you the kit, I come down there once a week help you run the meeting until you can learn on your own. And I'm gonna add a bunch of people to the group. So that's how you do it. How many hours do you think you have to spend on on this like a week or dedicated to your case, probably, while the meeting time, obviously, which is going to drive to the meeting, I don't know, hours, yeah, I would, I would obviously, select a location close to your home, since you're the one store, you get to control all these decisions. Close to the freeway is the best, you know, easy access. And, and so once you decide on that, then the meeting time, you know traveled to and from the meeting time and the meeting time itself, and then probably an extra hour to two hours a week at the most. Because those those two hours are going to be spent building your own power base in that group. So we're not just going to add members, we're going to add people that can keep you business up to everybody else to add people that will feed them business. But we're going to be very selfish in the beginning. And which is definitely what I've recommended everybody is you're going to add people that can feed your business and you can feed them business. Just fine. Turn the Fill box. So yeah, wouldn't Would I be able to say okay, I'll take the real estate category, both residential and commercial, one category, each category is represented by one member, and conflicts of interest are disallowed. Okay? If you want both categories, then you sign up for a company membership under the real estate residential. And you have somebody else in your company come to the same meeting and they sign up as a real estate commercial company name now you both are part of the group. So like Kevin has Michael working with him under his broker's license, and Kevin wanted to be the realtor or the mortgage person in the group? both commercial and residential? Yeah, man MicroPen join under the same company name. The benefit of doing the company membership versus the personal membership. There's no cost difference it's the company owns the membership, not the person So if Michael and Kevin part ways, Kevin keeps the membership and just find somebody else to represent. So, that's how that works. So, alright guys, I've just noticed the time. So have a blessed day. And I will see you in two weeks. Adrian boisdale will be leading the call next Monday. And let me ask you two questions real quick. Someone put it out is Adrian and I are thinking about teaming up on this mastermind call. Because both of us have massive networks. And we're thinking about just blowing this thing up. So would you guys find it more valuable? Having more and more people on this call? Or do you like it small and intimate like this? I think we can invite more people. Well, yeah. All right. Well have a blessed day. All right. Thank you. You guys said
On this day in 1916, John D. Rockefeller became the first American billionaire.
Welcome back to History Talks with Garrett, today we discuss how John Rockefeller became so rich and mostly discuss how he both positively and negatively impact America
Er du en av dem som er svært skeptiske til det store pille-forbruket vi har? Men allikevel tyr du selv til piller, kanskje regelmessig eller kanskje bare av og til, men du har litt dårlig samvittighet når du gjør det. For du tenker at du ikke burde. Kanskje fordi du innerst inne vet at du kan bli risk uten medisiner? Jeg vil anbefale deg å lære mer om legemiddelindustriens historie. Forstå hvor din dårlige samvittighet kommer fra. Jeg har snekret sammen en liten e-bok på 6 sider som du får fra min webside linestrandvik.no/medisin. Den handler om John Rockefeller og hvordan han oppfant dagens medisin for litt over hundre år siden, fordi han trengte en ny måte å tjene penger på oljen sin. Og hvordan han med svært uetiske metoder fant en måte å danke ut andre behandlinger på. Ikke legg ditt liv og helse i hendene på et system du ikke forstår. Det sikreste du kan gjøre, er å bli din egen behandler. Du kan helbrede deg selv. Den helbredende kraften ligger i deg, og ikke i noen andre.
✅ FREE ACCESS: Mindset Mastery: 7 Productivity Keys For High-Performing Leaders https://bit.ly/3B8uvM7 ✅ Subscribe: https://bit.ly/37WzdRR What habits make the difference in the extraordinary results achieved by the world's most successful entrepreneurs? To answer this question, Napoleon Hill, the author of Think and Grow Rich, spent 20 years of his life interviewing the wealthiest entrepreneurs of his time, like Thomas Edison, Henry Ford, and John Rockefeller. Today, we're going to learn what are those 13 success habits and a step-by-step process to start cultivating them now. Chapters: 00:00 Introduction 00:48 Method 01:10 Habit #7: Decision 03:15 Habit #8: Persistence 06:20 Habit #9: Power of the Master Mind 09:00 Summary All Channels: ✅ Channel: https://bit.ly/42x3oX2 ✅ Instagram: https://bit.ly/3NUlzSq ✅ Podcast: https://spoti.fi/3pHC47k ✅ Free Resources: https://bit.ly/42iwaut ✅ Articles: https://bit.ly/42EdQMh Common searches: Successful entrepreneurs Entrepreneurship habits Napoleon Hill Habits of successful people Personal development for entrepreneurs #SuccessHabits #EntrepreneurMindset #NapoleonHill
✅ FREE ACCESS: Mindset Mastery: 7 Productivity Keys For High-Performing Leaders https://bit.ly/3B8uvM7 ✅ Subscribe: https://bit.ly/37WzdRR ****** What habits make the difference in the extraordinary results achieved by the world's most successful entrepreneurs? To answer this question, Napoleon Hill, the author of Think and Grow Rich, spent 20 years of his life interviewing the wealthiest entrepreneurs of his time, like Thomas Edison, Henry Ford, and John Rockefeller. Today, we're going to learn what are those 13 success habits and a step-by-step process to start cultivating them now. ****** Chapters in this video: 00:00 Introduction 00:57 Method 01:13 Habit #1: Desire 02:51 Habit #2: Faith 06:22 Habit #3: Auto-suggestion 09:11 Habit #4: Specialized Knowledge 10:23 Habit #5: Imagination 11:52 Habit #6: Organized Planning 13:57 Summary ****** All Channels: ✅ YouTube Channel: https://bit.ly/42x3oX2 ✅ Instagram: https://bit.ly/3NUlzSq ✅ Podcast: https://spoti.fi/3pHC47k ✅ Free Resources: https://bit.ly/42iwaut ✅ Articles: https://bit.ly/42EdQMh ****** Common searches: Successful entrepreneurs Entrepreneurship habits Napoleon Hill Habits of successful people Personal development for entrepreneurs ****** #SuccessHabits #EntrepreneurMindset #NapoleonHill
THURSDAYS ARE FOR THE BABES!!! This week the babes are on the edge of their seats waiting for the Succession series finale!! What do you think is gonna happen? RIP Tina Turner! What happens when you die? What is the point of this life on Earth? SOUND OFF IN THE COMMENTS! Sal has hit the age where death feels REAL. Who started Earth and humanity? Chris explains what monks do all damn day. Think small in your day to day life to live right. The public education system is racist! Chris teaches us about why John Rockefeller is EVIL. The US debt default is giving Sal anxiety. Who are the richest people alive? Sal is obsessed with Ru Paul's house. The two babes give their theories on what will go down in the Succession Series Finale! the Ozempic weight loss drug has people SHITTING the bed LOL. AI images crash the US stock market. CHRIS IS PLAYING MSG IN SEPTEMBER BABES GET TIX!!! Chrisdcomedy.com Sal and the Jokers are coming to your city! Salvulcanocomedy.com Support the sponsors to support the show!! Download the Viator app NOW and use code VIATOR10 for 10% off your first booking. One app, over 300,000 experiences you'll remember. Do more with Viator. Betterhelp.com/heybabe for 10% off your first month https://www.betterhelp.com/get-started/?go=true&transaction_id=1027819bb07f8e03787c373ef60b57&utm_source=podcast&utm_campaign=1422&utm_medium=Desktop&utm_content=&utm_term=heybabe¬_found=1&gor=start NEW MERCH IS OUT NOW!! https://www.nopreshnetwork.colortestmerch.com/collections/hey-babe Follow The Show! Instagram - https://www.instagram.com/heybabepod/ Twitter - https://twitter.com/heybabepod Chris Distefano Instagram - https://www.instagram.com/chrisdcomedy/ Twitter - https://twitter.com/chrisdcomedy Website - https://www.chrisdcomedy.com/ Youtube - https://www.youtube.com/user/chrisdcomedy/videos Sal Vulcano Instagram - https://www.instagram.com/salvulcano/ Twitter - https://twitter.com/SalVulcano Website - https://salvulcanocomedy.com/ Our Producer @TheHomelessPimp https://www.instagram.com/thehomelesspimp/ https://twitter.com/homelesspimp?lang=en https://www.youtube.com/@homelesspimp/videos #Comedy #ChrisDistefano #SalVulcano #HeyBabe #Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices
Air Date 5/2/2023 Today, we take a look at the intertwining of oil wealth, philanthropy, and culture washing from John Rockefeller to the sheiks of the Middle East. Be part of the show! Leave us a message or text at 202-999-3991 or email Jay@BestOfTheLeft.com Transcript BestOfTheLeft.com/Support (Get AD FREE Shows and Bonus Content) Join our Discord community! OUR AFFILIATE LINKS: ExpressVPN.com/BestOfTheLeft GET INTERNET PRIVACY WITH EXPRESS VPN! SHOW NOTES Ch. 1: Who Were the Robber Barons? - Brain Blaze - Air Date 10-29-19 The Robber Barons were some dudes who got rich and were pretty sketchy about it all, but then founded a bunch of universities and stuff like that, so I guess we're cool? Ch. 2: Jane Mayer / The Koch Brothers and the Weaponizing of Philanthropy - EthicsinSociety - Air Date 4-6-16 Why is America living in an age of profound economic inequality? Why, despite the desperate need to address climate change, have even modest environmental efforts been defeated again and again? Ch. 3: “Sportswashing & Greenwashing”: Ex-Soccer Player Jules Boykoff on Qatar Hosting World Cup - Democracy Now! - Air Date 11-29-22 We speak with author Jules Boykoff about the climate and political implications of the 2022 World Cup. Ch. 4: How One Industry Controls Football - Athletic Interest - Air Date 11-5-21 Who controls football? Ch. 5: Why Billionaire Philanthropy Won't Solve Anything - Second Thought - Air Date 2-25-22 You ever notice how oligarchs like Warren Buffet and Bill Gates are cast as these uber-wealthy saviors who are singlehandedly raising the world out of poverty? That doesn't happen by accident. Ch. 6: What Is Sportswashing (and Does It Work)? - Freakonomics - Air Date 6-8-22 In ancient Rome, it was bread and circuses. Today, it's a World Cup, an Olympics, and a new Saudi-backed golf league that's challenging the P.G.A. Tour. Ch. 7: Why Billionaires Won't Save Us - Our Changing Climate - Air Date 5-21-21 I look at how the elite philanthropy of Bill Gates, Jeff Bezos, and Elon Musk function as more of a billionaire preservation of wealth and self than as an act of altruism. Ch. 8: Anand Giridharadas: Why We Should Be Skeptical of Billionaires - Amanpour and Company - Air Date 9-19-18 Anand Giridharadas believes we should be a bit more skeptical about embracing billionaires as the change-makers of our era. MEMBERS-ONLY BONUS CLIP(S) Ch. 9: The 2022 FIFA World Cup And The Rise Of 'Sportswashing' (In The Loop) - Scripps News - Air Date 11-21-22 Christian Bryant explores why sporting events are and can be held in countries with authoritarian regimes in this segment of "Scoreboard." Ch. 10: Fixing the Economy - Garys Economics - Air Date 11-27-22 After having opened up the publics eyes to the problem of Wealth Inequality, Gary reveals to the Channel his own idea for a possible Wealth Tax. VOICEMAILS Ch. 11: Reaching a conclusion on understanding the J.K Rowling episode - Boris from Belgium Ch. 12: The is/ought malfunction in our pattern recognition - Dave from Olympia, WA FINAL COMMENTS Ch. 13: Final comments on the is/ought problem of politics MUSIC (Blue Dot Sessions) SHOW IMAGE Description: A diptych of photos of Mohammad bin Salman and a painting of John. D. Rockefeller. A drop of black oil falls into a splash over the center of the image. Credits: Composite design by A. Hoffman. Photo of “Defense Secretary Jim Mattis stands with Deputy Crown Price of Saudi Arabia Mohammad bin Salman Al Saud” by U.S. Secretary of Defense, Flickr | License: CC by 2.0) | Changes: Cropped / Photo of painting of J.D. Rockefeller by John Singer Sargent, Flickr | License: Public Domain | Changes: Cropped / Oil drop and splash from Pixabay. Produced by Jay! Tomlinson Visit us at BestOfTheLeft.com
Air Date 5/2/2023 Today, we take a look at the intertwining of oil wealth, philanthropy, and culture washing from John Rockefeller to the sheiks of the Middle East. Be part of the show! Leave us a message or text at 202-999-3991 or email Jay@BestOfTheLeft.com Transcript BestOfTheLeft.com/Support (Get AD FREE Shows and Bonus Content) Join our Discord community! OUR AFFILIATE LINKS: ExpressVPN.com/BestOfTheLeft GET INTERNET PRIVACY WITH EXPRESS VPN! SHOW NOTES Ch. 1: Who Were the Robber Barons? - Brain Blaze - Air Date 10-29-19 The Robber Barons were some dudes who got rich and were pretty sketchy about it all, but then founded a bunch of universities and stuff like that, so I guess we're cool? Ch. 2: Jane Mayer / The Koch Brothers and the Weaponizing of Philanthropy - EthicsinSociety - Air Date 4-6-16 Why is America living in an age of profound economic inequality? Why, despite the desperate need to address climate change, have even modest environmental efforts been defeated again and again? Ch. 3: “Sportswashing & Greenwashing”: Ex-Soccer Player Jules Boykoff on Qatar Hosting World Cup - Democracy Now! - Air Date 11-29-22 We speak with author Jules Boykoff about the climate and political implications of the 2022 World Cup. Ch. 4: How One Industry Controls Football - Athletic Interest - Air Date 11-5-21 Who controls football? Ch. 5: Why Billionaire Philanthropy Won't Solve Anything - Second Thought - Air Date 2-25-22 You ever notice how oligarchs like Warren Buffet and Bill Gates are cast as these uber-wealthy saviors who are singlehandedly raising the world out of poverty? That doesn't happen by accident. Ch. 6: What Is Sportswashing (and Does It Work)? - Freakonomics - Air Date 6-8-22 In ancient Rome, it was bread and circuses. Today, it's a World Cup, an Olympics, and a new Saudi-backed golf league that's challenging the P.G.A. Tour. Ch. 7: Why Billionaires Won't Save Us - Our Changing Climate - Air Date 5-21-21 I look at how the elite philanthropy of Bill Gates, Jeff Bezos, and Elon Musk function as more of a billionaire preservation of wealth and self than as an act of altruism. Ch. 8: Anand Giridharadas: Why We Should Be Skeptical of Billionaires - Amanpour and Company - Air Date 9-19-18 Anand Giridharadas believes we should be a bit more skeptical about embracing billionaires as the change-makers of our era. MEMBERS-ONLY BONUS CLIP(S) Ch. 9: The 2022 FIFA World Cup And The Rise Of 'Sportswashing' (In The Loop) - Scripps News - Air Date 11-21-22 Christian Bryant explores why sporting events are and can be held in countries with authoritarian regimes in this segment of "Scoreboard." Ch. 10: Fixing the Economy - Garys Economics - Air Date 11-27-22 After having opened up the publics eyes to the problem of Wealth Inequality, Gary reveals to the Channel his own idea for a possible Wealth Tax. VOICEMAILS Ch. 11: Reaching a conclusion on understanding the J.K Rowling episode - Boris from Belgium Ch. 12: The is/ought malfunction in our pattern recognition - Dave from Olympia, WA FINAL COMMENTS Ch. 13: Final comments on the is/ought problem of politics MUSIC (Blue Dot Sessions) SHOW IMAGE Description: A diptych of photos of Mohammad bin Salman and a painting of John. D. Rockefeller. A drop of black oil falls into a splash over the center of the image. Credits: Composite design by A. Hoffman. Photo of “Defense Secretary Jim Mattis stands with Deputy Crown Price of Saudi Arabia Mohammad bin Salman Al Saud” by U.S. Secretary of Defense, Flickr | License: CC by 2.0) | Changes: Cropped / Photo of painting of J.D. Rockefeller by John Singer Sargent, Flickr | License: Public Domain | Changes: Cropped / Oil drop and splash from Pixabay. Produced by Jay! Tomlinson Visit us at BestOfTheLeft.com
Find out who are our elite force of Conservative superheroes! They are our countermeasures to the indoctrination of the Commusocialist coalition of immorality which seeks to fundamentally destroy the God-inspired foundation of our country! -------Join Doug as he hosts:General Michael Flynn, Devin Nunes, Mike Lindell, Tom Renz, Fr. James Altman, Mel K, Ann Vandersteel, The Flyover Conservatives, John DiLemme and Alex Stone at THE DETERMINED PATRIOTISM CONFERENCE.For info and tickets: www.Determined PatriotismConference.com----------www.FieldOfGreens.comFor a full day's supply of fruits and vegetables in a delicious drink. Help clenase and support your kidneys, liver, gut and digestive tract! Lose weight! Clear up brain fog!Use Promo Code "DOUG" for 15% off your initial order, plus 10% of your recurring orders!
Teaching kids to handle money wisely is a valuable gift. Teaching them to honor God with their money is priceless. We'll talk with Matt Bell about training up your children to handle in a way that honors the Lord today on Faith and Finance. Matt Bell is the managing editor at Sound Mind Investing and the author of several books on personal finance. His latest is just out and it's titled, Trusted: Preparing Your Kids for a Lifetime of God-Honoring Money Management. The title of the book “Trusted” comes from Luke 16:10, which says whoever can be trusted with very little can also be trusted with much. Matt explains that as our children grow and mature and prove themselves more trustworthy, we should entrust them with more responsibility.Why is it important for parents to teach their kids about money? Because if we don't teach our kids biblical financial values, they'll learn their values from our consumer culture. And that's not the best teacher!When a child develops a healthy relationship with God and money, that will flow into his or her relationship with their future spouse, and it will free your child to fully serve God's purpose in his or her life! And Matt adds that you don't have to have it all “together” yourself financially to begin teaching your kids biblical principles.Matt encourages parents to start with small, simple lessons for their kids when they're very young, in giving, for example. John Rockefeller once said he could never have tithed on his fortune if he didn't first tithe on his first salary, which was $1.50 a week. Start young and start small!He also talks about “growing up in a target market.” Help kids to understand the marketing tactics of companies and not to fall into a massive consumer mindset where happiness is always one purchase away.Between social media and all of the forms of influence that our kids are exposed to, it's vital to instill God's principles in them from an early age. Don't allow the world to fill a vacuum!On this program, Rob also answers listener questions: Is there a way to unload a car payment without damaging your credit?How do you find out about the pension offered by your employer?Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at FaithFi.com where you can join the FaithFi Community, and give as we expand our outreach.
Have you ever been tempted to think that more wealth would make you just a little happier-- John Rockefeller, the richest man to ever live, when asked how much wealth would be -enough,- famously said, -just a little bit more.- But Scripture presents a different set of principles. In this sermon on James 5-1-6, Pastor Jesse presents the serious dangers of loving and living for earthly wealth, and reminds us where our treasure should be stored instead.
Teaching kids to handle money wisely is a valuable gift. Teaching them to honor God with their money is priceless. We'll talk with Matt Bell about training up your children to handle in a way that honors the Lord today on Faith and Finance. Matt Bell is the managing editor at Sound Mind Investing and the author of several books on personal finance. His latest is just out and it's titled, Trusted: Preparing Your Kids for a Lifetime of God-Honoring Money Management. The title of the book “Trusted” comes from Luke 16:10, which says whoever can be trusted with very little can also be trusted with much. Matt explains that as our children grow and mature and prove themselves more trustworthy, we should entrust them with more responsibility. Why is it important for parents to teach their kids about money? Because if we don't teach our kids biblical financial values, they'll learn their values from our consumer culture. And that's not the best teacher! When a child develops a healthy relationship with God and money, that will flow into his or her relationship with their future spouse, and it will free your child to fully serve God's purpose in his or her life! And Matt adds that you don't have to have it all “together” yourself financially to begin teaching your kids biblical principles. Matt encourages parents to start with small, simple lessons for their kids when they're very young, in giving, for example. John Rockefeller once said he could never have tithed on his fortune if he didn't first tithe on his first salary, which was $1.50 a week. Start young and start small! He also talks about “growing up in a target market.” Help kids to understand the marketing tactics of companies and not to fall into a massive consumer mindset where happiness is always one purchase away. Between social media and all of the forms of influence that our kids are exposed to, it's vital to instill God's principles in them from an early age. Don't allow the world to fill a vacuum!On this program, Rob also answers listener questions: Is there a way to unload a car payment without damaging your credit? How do you find out about the pension offered by your employer? Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at FaithFi.com where you can join the FaithFi Community, and give as we expand our outreach.
Live from the Heart of America—I'm Steve Gruber—ready to deliver an inclusive and diverse discussion on the most important topics of the day—giving you better analysis and insight that anyone else—shining a spotlight on the cockroaches of the swamp—and delivering truth and justice just when hope was starting to fade— Here are the 3 Big Things you need to know to start today— Number One— The transgender trainwreck has taken two corporate casualties this week—first it was Bud Light and Anheuser Busch—Now its Nike—Enough! Number Two— NPR is outraged after Twitter labels the far-left outlet as state-affiliated media—right along with platforms like RT and others—and they say its not fair— Number Three— Donald Trumps poll numbers are soaring in match-ups against Joe Biden—in fact Rasmussen shows since the news of the indictment came out—Trump has gone from a 3 point deficit—to a commanding 7 point lead— The poll came out the same day Trump was indicted in a Manhattan courtroom on a ridiculous scheme accusing him of 34 felonies for giving Stormy Daniels a $130,000 payment for a non-disclosure agreement over an alleged one-night stand that she actually denied ever happened— But it seems America is rejecting the whole notion of a two-tiered justice system—one where anything Trump or Republicans do is a crime—and at the same time anything Joe Biden or the Democrats do can never be a crime— Yeah that is where we find ourselves in the spring of 2023—we live in a world where up down is down, right is wrong and anyone who speaks up against it—is a domestic terrorist— We are told open borders are secure—men are selling sports bras for women—inflation is good for the economy—words are violence—the freedom of speech is a threat to democracy—welfare is encouraged—work is based on white privilege—burning down cities is fine if you're doing it for the right reasons—torching thousands of pounds of toxic chemicals is safe—but driving to work will kill the planet—banning pornographic books in elementary school is an affront to the First Amendment—but canceling conservatives is the morally correct thing to do— abortion promotes life—mutilating childrens genitals is healthcare—working hard and creating wealth is evil but collecting government checks is applauded—where China can fly spy balloons over America but seeing Hunter Bidens laptop is an invasion of privacy—where statues of Americans must be torn down—but reverence for Che Guevara is good—funding Ukraine for another proxy war is good while China gears up for war and our soldiers are practicing using the right pronouns—And of course smoking weed is good for you but smoking cigarettes will kill you— and your kids! Stop it! For the love of God just Stop it! I am not going to sit here anymore and listen to this ridiculous blather—we are better than this and everyone knows it—I am not willing to allow all the insanity go unchallenged—I am not endorsing violence—BUT I am demanding that like minded people speak up—everywhere, all the time— Start shaming people and pointing out—that letting the children dictate their feelings to us—and therefore telling us how to run things they don't even understand—just might get us all killed in a war—because it makes us weak— Sitting in the dark is not superior to using fossil fuels—bulldozing our power plants while China builds a new coal fired power plant every 12 days is not prudent—its suicide— Allowing 100,000 Americans to be poisoned by fentanyl this year and not calling it an act of war by China, Mexico and the drug cartels is not taking the high road—its taking the shortest route to the grave yard— Declaring everything under the sun a human right doesn't make it so—it makes people believe they are entitled to the fruits of your labor—to be clear—they are not— You are not entitled to what I have worked for—or inherited or bartered for—and I am not entitled to what is yours— Just because the government says its legal—doesn't mean its not stealing—because it almost certainly is— Remember it was illegal to be Jewish in Germany in 1935—and that certainly wasn't right—keep that in mind when you evaluate who is telling you what is right and wrong— You can always tell who a tyrant is by who you are not allowed to criticize or question— Here is my point—I will never ask another man or woman to work and sacrifice for me—nor will I bend my knee to demands that I do that for others— Working hard and earning wealth is not greedy or selfish—it is morally correct—and it is my duty—to provide for myself and my family and anyone else I deem worthy— It is yours too— it is not for the government to decide—period! I don't owe you anything—neither does this country—and you don't owe me anything—and you never will—no matter how dire my life may ever become—I have made my decisions and that's on me—its not on you—I am not a victim—and no, I don't have any special privilege—except to work 16 hours a day—as I often do—and try to earn the best living I can— You are welcome to do the same— I am tired of the ridiculous double standards—the whole victimhood mentality—and the people that think that because they were born—the world owes them a house, a meal, a car, a phone and of course lots and lots of entertainment— The world owes you and them—nothing. Sorry, but sitting on your ass pontificating about things you don't understand and cannot explain because you saw it on Tik-Tok—does not entitle you to the things I have earned—you may come and take things in the name of the greater good—BUT the government has almost never delivered the greater good—and again even if its legal—its still stealing! The government will declare they built a bridge or a road—BUT they never tell you what would have been built by private hands if those resources had remained with them— what would private enterprise and great minds create? Sadly we never get to find out. Andrew Carnegie built thousands of libraries—Henry Ford built an industry and a nation—Cornelius Vanderbilt built Grand Central Station—and John Rockefeller built an American energy empire—not a dime of government money to be found there— not anywhere— So pardon me—if I have had all I can take of self-important—self-entitled ignorant little snot nosed brats that think America is unfair unless they get a monthly check—as far as I am concerned they can starve— Oh, and how about the insanity we are dealing with each day—try this on for size— Yeah, and the right is crazy? Yeah, ok. There I got that off my chest—how are you doing today?
Hello everyone. A few days ago, we discussed what we call forever episodes, which are the few episodes of our show that we think will be as popular a decade from now as they are today. When I re-listened to this episode with David Senra, I left wildly energized and wanting to share that feeling. So we are re-releasing it today for anyone who missed it the first time or hadn't yet discovered Invest Like the Best. Please share with your friends and loved ones as I think anyone will benefit from David's perspective and enthusiasm. Have a great weekend and we'll be back with more next week. David Senra has studied history's great founders and entrepreneurs in more depth than anyone I've ever met, and I'd wager more than anyone else alive. In this conversation, we cover many of the most common themes he's discovered studying hundreds of entrepreneurs like Estée Lauder, John Rockefeller, Enzo Ferrari, and Edwin Land. Please enjoy this great conversation with David Senra. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. Tegus, the modern research platform for leading investors. Whether it's quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus' maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:01] - [First question] - When he first fell in love with reading [00:07:01] - What's rooted in his own history that's made him obsessive about studying history's great entrepreneurs and founders - Founders Podcast [00:10:34] - The first time he connected with someone as a positive role model that he was reading about [00:13:45] - How often obsession is apparent in the founders he's studied across hundreds of biographies [00:18:08] - What is often behind obsession and how people listening can apply the lessons to their own lives [00:22:45] - The dynamic and relationship between inspiration and perspiration [00:27:11] - Commonalities between the layers of leadership and support underneath founders [00:31:52] - Where else he's seen ego rear its head in good and bad ways [00:38:34] - How often do great founders break the law or enter gray areas of it [00:41:22] - The role constant learning and listening plays in success [00:45:12] - Talking about how anything worth doing is worth doing to excess [00:52:18] - Describing the soul of founders and businesses [00:58:39] - What he's learned about all of these founders as it relates to marketing [01:04:38] - A common story that process is often art [01:08:10] - Who his idols are in podcasting specifically [01:14:55] - Major aspects of people he's studied that haven't been discussed yet [01:19:55] - The kindest thing anyone has ever done for him
Hello everyone. A few days ago, we discussed what we call forever episodes, which are the few episodes of our show that we think will be as popular a decade from now as they are today. When I re-listened to this episode with David Senra, I left wildly energized and wanting to share that feeling. So we are re-releasing it today for anyone who missed it the first time or hadn't yet discovered Invest Like the Best. Please share it with your friends and loved ones as I think anyone will benefit from David's perspective and enthusiasm. Have a great weekend and we'll be back with more next week. David Senra has studied history's great founders and entrepreneurs in more depth than anyone I've ever met, and I'd wager more than anyone else alive. In this conversation, we cover many of the most common themes he's discovered studying hundreds of entrepreneurs like Estée Lauder, John Rockefeller, Enzo Ferrari, and Edwin Land. Please enjoy this great conversation with David Senra. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. Tegus, the modern research platform for leading investors. I'm a longtime user and advocate of Tegus, a company that I've been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus' mission to expand its product ecosystem. Whether it's quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus' maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:01] - [First question] - When he first fell in love with reading [00:07:01] - What's rooted in his own history that's made him obsessive about studying history's great entrepreneurs and founders - Founders Podcast [00:10:34] - The first time he connected with someone as a positive role model that he was reading about [00:13:45] - How often obsession is apparent in the founders he's studied across hundreds of biographies [00:18:08] - What is often behind obsession and how people listening can apply the lessons to their own lives [00:22:45] - The dynamic and relationship between inspiration and perspiration [00:27:11] - Commonalities between the layers of leadership and support underneath founders [00:31:52] - Where else he's seen ego rear its head in good and bad ways [00:38:34] - How often do great founders break the law or enter gray areas of it [00:41:22] - The role constant learning and listening plays in success [00:45:12] - Talking about how anything worth doing is worth doing to excess [00:52:18] - Describing the soul of founders and businesses [00:58:39] - What he's learned about all of these founders as it relates to marketing [01:04:38] - A common story that process is often art [01:08:10] - Who his idols are in podcasting specifically [01:14:55] - Major aspects of people he's studied that haven't been discussed yet [01:19:55] - The kindest thing anyone has ever done for him
El libro “Piense y hágase rico” de Napoleon Hill se publicó en 1937, eran años duros de gran recesión. En esta época creció mucho la venta de libros de desarrollo personal. Y piense y hágase rico tuvo un gran éxito. Napoleon Hill dice que Andrew Carnegie le contó el secreto de cómo hacerse rico. Napoleon Hill habló con centenares de millonarios como: Henry Ford, John Rockefeller, Alexander Graham Bell, muchos de ellos confesaron que habían adquirido su riqueza con el secreto que le reveló Andrew Carnegie. ¿Quieres saber esas 10 enseñanzas que nos dejó Napoleon Hill para hacerte rico?
Democrat leaers in the U.S. admire China (yes, really) and they have helped the communist country build up a powerhouse economy on the backs of slave labor. IN part 6 of Doug's series, he takes a look at how the Commusocialist Party in America builds up China and tries to tear down America.---All of his content is FREE, so offer a volunty subscription to Doug's website: www.DougBillings.us
From the money cartels of the Carnegie, Rockefeller and Dewey foundations, the blending of Communism and Socialism begin to infiltrate American colleges and universities. If the universities don't comply with the Fouondation's demands of radical socialist ideals, funding is cut off. And the seeds of social riots and anarchy are sewn into college campuses across the Republic.
Podcast: The Lunar Society (LS 37 · TOP 2.5% )Episode: Nadia Asparouhova - Tech Elites, Democracy, Open Source, & PhilanthropyRelease date: 2022-12-15Nadia Asparouhova is currently researching what the new tech elite will look like at nadia.xyz. She is also the author of Working in Public: The Making and Maintenance of Open Source Software.We talk about how:* American philanthropy has changed from Rockefeller to Effective Altruism* SBF represented the Davos elite rather than the Silicon Valley elite,* Open source software reveals the limitations of democratic participation,* & much more.Watch on YouTube. Listen on Apple Podcasts, Spotify, or any other podcast platform. Read the full transcript here.Timestamps(0:00:00) - Intro(0:00:26) - SBF was Davos elite(0:09:38) - Gender sociology of philanthropy(0:16:30) - Was Shakespeare an open source project?(0:22:00) - Need for charismatic leaders(0:33:55) - Political reform(0:40:30) - Why didn't previous wealth booms lead to new philanthropic movements?(0:53:35) - Creating a 10,000 year endowment(0:57:27) - Why do institutions become left wing?(1:02:27) - Impact of billionaire intellectual funding(1:04:12) - Value of intellectuals(1:08:53) - Climate, AI, & Doomerism(1:18:04) - Religious philanthropyTranscriptThis transcript was autogenerated and thus may contain errors.Nadia Asparouhova 0:00:00You start with this idea that like democracy is green and like we should have tons of tons of people participating tons of people participate and then it turns out that like most participation is actually just noise and not that useful. That really squarely puts SPF into like the finance crowd much more so than startups or crypto. Founders will always talk about like building and like startups are like so important or whatever and like what are all of them doing in their spare time? They're like reading books. They're reading essays and like and then those like books and essays influence how they think about stuff. Dwarkesh Patel 0:00:26Okay, today I have the pleasure of talking with Nadia Asperova. She is previously the author of Working in Public, the Making and Maintenance of Open Source Software and she is currently researching what the new tech elite will look like. Nadia, welcome to the podcast. Thanks for having me. Yeah, okay, so this is a perfect timing obviously given what's been happening with SPF. How much do you think SPF was motivated by effective altruism? Where do you place them in the whole dimensionality of idea machines and motivations? Nadia Asparouhova 0:01:02Yeah, I mean, I know there's sort of like conflicting accounts going around. Like, I mean, just from my sort of like character study or looking at SPF, it seems pretty clear to me that he is sort of inextricably tied to the concepts of utilitarianism that then motivate effective altruism. The difference for me in sort of like where I characterize effective altruism is I think it's much closer to sort of like finance Wall Street elite mindset than it is to startup mindset, even though a lot of people associate effective altruism with tech people. So yeah, to me, like that really squarely puts SPF in sort of like the finance crowd much more so than startups or crypto. And I think that's something that gets really misunderstood about him. Dwarkesh Patel 0:01:44Interesting. Yeah, I find that interesting because if you think of Jeff Bezos, when he started Amazon, he wasn't somebody like John Perry Barlow, who was just motivated by the free philosophy of the internet. You know, he saw a graph of internet usage going up into the right and he's like, I should build a business on top of this. And in a sort of loopholy way, try to figure out like, what is the thing that is that is the first thing you would want to put a SQL database on top of to ship and produce? And I think that's what books was the answer. So and obviously, he also came from a hedge fund, right? Would you play somebody like him also in the old finance crowd rather than as a startup founder? Nadia Asparouhova 0:02:22Yeah, it's kind of a weird one because he's both associated with the early computing revolution, but then also AWS was sort of like what kicked off all of the 2010s sort of startup. And I think in the way that he's started thinking about his public legacy and just from sort of his public behavior, I think he fits much more squarely now in that sort of tech startup elite mindset of the 2010s crowd more so than the Davos elite crowd of the 2000s. Dwarkesh Patel 0:02:47What in specific are you referring to? Nadia Asparouhova 0:02:49Well, he's come out and been like sort of openly critical about a lot of like Davos type institutions. He kind of pokes fun at mainstream media and for not believing in him not believing in AWS. And I think he's because he sort of like spans across like both of these generations, he's been able to see the evolution of like how maybe like his earlier peers function versus the sort of second cohort of peers that he came across. But to me, he seems much more like, much more of the sort of like startup elite mindset. And I can kind of back up a little bit there. But what I associate with the Davos Wall Street kind of crowd is much more of this focus on quantitative thinking, measuring efficiency. And then also this like globalist mindset, like I think that the vision that they want to ensure for the world is this idea of like a very interconnected world where we, you know, sort of like the United Nations kind of mindset. And that is really like literally what the Davos gathering is. Whereas Bezos from his actions today feels much closer to the startup, like Y Combinator post AWS kind of mindset of founders that were really made their money by taking these non-obvious bets on talented people. So they were much less focused on credentialism. They were much more into this idea of meritocracy. I think we sort of forget like how commonplace this trope is of like, you know, the young founder in a dorm room. And that was really popularized by the 2010s cohort of the startup elite of being someone that may have like absolutely no skills, no background in industry, but can somehow sort of like turn the entire industry over on its head. And I think that was sort of like the unique insight of the tech startup crowd. And yeah, when I think about just sort of like some of the things that Bezos is doing now, it feels like she identifies with that much more strongly of being this sort of like lone cowboy or having this like one talented person with really great ideas who can sort of change the world. I think about the, what is it called? The Altos Institute or the new like science initiative that he put out where he was recruiting these like scientists from academic institutions and paying them really high salaries just to attract like the very best top scientists around the world. That's much more of that kind of mindset than it is about like putting faith in sort of like existing institutions, which is what we would see from more of like a Davos kind of mindset. Dwarkesh Patel 0:05:16Interesting. Do you think that in the future, like the kids of today's tech billionaires will be future aristocrats? So effective altruism will be a sort of elite aristocratic philosophy. They'll be like tomorrow's Rockefellers. Nadia Asparouhova 0:05:30Yeah, I kind of worry about that actually. I think of there as being like within the US, we were kind of lucky in that we have these two different types of elites. We have the aristocratic elites and we have meritocratic elites. Most other countries I think basically just have aristocratic elites, especially comparing like the US to Britain in this way. And so in the aristocratic model, your wealth and your power is sort of like conferred to you by previous generations. You just kind of like inherit it from your parents or your family or whomever. And the upside of that, if there is an upside, is that you get really socialized into this idea of what does it mean to be a public steward? What does it mean to think of yourself and your responsibility to the rest of society as a privileged elite person? In the US, we have this really great thing where you can kind of just, you know, we have the American dream, right? So lots of people that didn't grow up with money can break into the elite ranks by doing something that makes them really successful. And that's like a really special thing about the US. So we have this whole class of meritocratic elites who may not have aristocratic backgrounds, but ended up doing something within their lifetimes that made them successful. And so, yeah, I think it's a really cool thing. The downside of that being that you don't really get like socialized into what does it mean to have this fortune and do something interesting with your money. You don't have this sort of generational benefit that the aristocratic elites have of presiding over your land or whatever you want to call it, where you're sort of learning how to think about yourself in relation to the rest of society. And so it's much easier to just kind of like hoard your wealth or whatever. And so when you think about sort of like what are the next generations, the children of the meritocratic elites going to look like or what are they going to do, it's very easy to imagine kind of just becoming aristocratic elites in the sense of like, yeah, they're just going to like inherit the money from their families. And they haven't also really been socialized into like how to think about their role in society. And so, yeah, all the meritocratic elites eventually turn into aristocratic elites, which is where I think you start seeing this trend now towards people wanting to sort of like spend down their fortunes within their lifetime or within a set number of decades after they die because they kind of see what happened in previous generations and are like, oh, I don't want to do that. Dwarkesh Patel 0:07:41Yeah, yeah, yeah. Well, it's interesting. You mentioned that the aristocratic elites have the feel that they have the responsibility to give back, I guess, more so than the meritocratic elites. But I believe that in the U.S., the amount of people who give to philanthropy and the total amount they give is higher than in Europe, right, where they probably have a higher ratio of aristocratic elites. Wouldn't you expect the opposite if the aristocratic elites are the ones that are, you know, inculcated to give back? Nadia Asparouhova 0:08:11Well, I assume like most of the people that are the figures about sort of like Americans giving back is spread across like all Americans, not just the wealthiest. Dwarkesh Patel 0:08:19Yeah. So you would predict that among the top 10 percent of Americans, there's less philanthropy than the top 10 percent of Europeans? Uh, there's... Sorry, I'm not sure I understand the question. I guess, does the ratio of meritocratic to aristocratic elites change how much philanthropy there is among the elites? Nadia Asparouhova 0:08:45Yeah, I mean, like here we have much more of a culture of like even among aristocratic elites, this idea of like institution building or like large donations to like build institutions, whereas in Europe, a lot of the public institutions are created by government. And there's sort of this mentality of like private citizens don't experiment with public institutions. That's the government's job. And you see that sort of like pervasively throughout all of like European cultures. Like when we want something to change in public society, we look to government to like regulate or change it. Whereas in the U.S., it's kind of much more like choose your own adventure. And we don't really see the government as like the sole provider or shaper of public institutions. We also look at private citizens and like there's so many things that like public institutions that we have now that were not started by government, but were started by private philanthropists. And that's like a really unusual thing about the U.S. Dwarkesh Patel 0:09:39There's this common pattern in philanthropy where a guy will become a billionaire, and then his wife will be heavily involved with or even potentially in charge of, you know, the family's philanthropic efforts. And there's many examples of this, right? Like Bill and Melinda Gates, you know, Mark Zuckerberg. Yeah, yeah, exactly. And Dustin Moskovitz. So what is the consequence of this? How is philanthropy, the causes and the foundations, how are they different because of this pattern? Nadia Asparouhova 0:10:15Well, I mean, I feel like we see that pattern, like the problem is that what even is philanthropy is changing very quickly. So we can say historically that, not even historically, in recent history, in recent decades, that has probably been true. That wasn't true in say like late 1800s, early 1900s. It was, you know, Carnegie and Rockefeller were the ones that were actually doing their own philanthropy, not their spouses. So I'd say it's a more recent trend. But now I think we're also seeing this thing where like a lot of wealthy people are not necessarily doing their philanthropic activities through foundations anymore. And that's true both within like traditional philanthropy sector and sort of like the looser definition of what we might consider to be philanthropy, depending on how you define it, which I kind of more broadly want to define as like the actions of elites that are sort of like, you know, public facing activities. But like even within sort of traditional philanthropy circles, we have like, you know, the 5.1c3 nonprofit, which is, you know, traditionally how people, you know, house all their money in a foundation and then they do their philanthropic activities out of that. But in more recent years, we've seen this trend towards like LLCs. So Emerson Collective, I think, might have been maybe the first one to do it. And that was Steve Jobs' Philanthropic Foundation. And then Mark Zuckerberg with Chan Zuckerberg Initiative also used an LLC. And then since then, a lot of other, especially within sort of like tech wealth, we've seen that move towards people using LLCs instead of 5.1c3s because they, it just gives you a lot more flexibility in the kinds of things you can fund. You don't just have to fund other nonprofits. And they also see donor advised funds. So DAFs, which are sort of this like hacky workaround to foundations as well. So I guess point being that like this sort of mental model of like, you know, one person makes a ton of money and then their spouse kind of directs these like nice, feel good, like philanthropic activities, I think is like, may not be the model that we continue to move forward on. And I'm kind of hopeful or curious to see like, what does a return to like, because we've had so many new people making a ton of money in the last 10 years or so, we might see this return to sort of like the Gilded Age style of philanthropy where people are not necessarily just like forming a philanthropic foundation and looking for the nicest causes to fund, but are actually just like thinking a little bit more holistically about like, how do I help build and create like a movement around a thing that I really care about? How do I think more broadly around like funding companies and nonprofits and individuals and like doing lots of different, different kinds of activities? Because I think like the broader goal that like motivates at least like the new sort of elite classes to want to do any of this stuff at all. I don't really think philanthropy is about altruism. I just, I think like the term philanthropy is just totally fraud and like refers to too many different things and it's not very helpful. But I think like the part that I'm interested in at least is sort of like what motivates elites to go from just sort of like making a lot of money and then like thinking about themselves to them thinking about sort of like their place in broader public society. And I think that starts with thinking about how do I control like media, academia, government are sort of like the three like arms of the public sector. And we think of it in that way a little bit more broadly where it's really much more about sort of like maintaining control over your own power, more so than sort of like this like altruistic kind of, you know, whitewash. Dwarkesh Patel 0:13:41Yeah. Nadia Asparouhova 0:13:42Then it becomes like, you know, there's so many other like creative ways to think about like how that might happen. Dwarkesh Patel 0:13:49That's, that's, that's really interesting. That's a, yeah, that's a really interesting way of thinking about what it is you're doing with philanthropy. Isn't the word noble descended from a word that basically means to give alms to people like if you're in charge of them, you will give alms to them. And in a way, I mean, it might have been another word I'm thinking of, but in a way, yeah, a part of what motivates altruism, not obviously all of it, but part of it is that, yeah, you influence and power. Not even in a necessarily negative connotation, but that's definitely what motivates altruism. So having that put square front and center is refreshing and honest, actually. Nadia Asparouhova 0:14:29Yeah, I don't, I really don't see it as like a negative thing at all. And I think most of the like, you know, writing and journalism and academia that focuses on philanthropy tends to be very wealth critical. I'm not at all, like I personally don't feel wealth critical at all. I think like, again, sort of returning to this like mental model of like aristocratic and meritocratic elites, aristocratic elites are able to sort of like pass down, like encode what they're supposed to be doing in each generation because they have this kind of like familial ties. And I think like on the meritocratic side, like if you didn't have any sort of language around altruism or public stewardship, then like, it's like, you need to kind of create that narrative for the meritocratically or else, you know, there's just like nothing to hold on to. So I think like, it makes sense to talk in those terms. Andrew Carnegie being sort of the father of modern philanthropy in the US, like, wrote these series of essays about wealth that were like very influential and where he sort of talks about this like moral obligation. And I think like, really, it was kind of this like, a quiet way for him to, even though it was ostensibly about sort of like giving back or, you know, helping lift up the next generation of people, the next generation of entrepreneurs. Like, I think it really was much more of a protective stance of saying, like, if he doesn't frame it in this way, then people are just going to knock down the concept of wealth altogether. Dwarkesh Patel 0:15:50Yeah, yeah, yeah. No, that's really interesting. And it's interesting, in which cases this kind of influence has been successful and worse not. When Jeff Bezos bought the Washington Post, has there been any counterfactual impact on how the Washington Post has run as a result? I doubt it. But you know, when Musk takes over Twitter, I guess it's a much more expensive purchase. We'll see what the influence is negative or positive. But it's certainly different than what Twitter otherwise would have been. So control over media, it's, I guess it's a bigger meme now. Let me just take a digression and ask about open source for a second. So based on your experience studying these open source projects, do you find the theory that Homer and Shakespeare were basically container words for these open source repositories that stretched out through centuries? Do you find that more plausible now, rather than them being individuals, of course? Do you find that more plausible now, given your, given your study of open source? Sorry, what did? Nadia Asparouhova 0:16:49Less plausible. What did? Dwarkesh Patel 0:16:51Oh, okay. So the idea is that they weren't just one person. It was just like a whole bunch of people throughout a bunch of centuries who composed different parts of each story or composed different stories. Nadia Asparouhova 0:17:02The Nicholas Berbaki model, same concept of, you know, a single mathematician who's actually comprised of like lots of different. I think it's actually the opposite would be sort of my conclusion. We think of open source as this very like collective volunteer effort. And I think, use that as an excuse to not really contribute back to open source or not really think about like how open source projects are maintained. Because we were like, you know, you kind of have this bystander effect where you're like, well, you know, someone's taking care of it. It's volunteer oriented. Like, of course, there's someone out there taking care of it. But in reality, it actually turns out it is just one person. So maybe it's a little bit more like a Wizard of Oz type model. It's actually just like one person behind the curtain that's like, you know, doing everything. And you see this huge, you know, grandeur and you think there must be so many people that are behind it. It's one person. Yeah, and I think that's sort of undervalued. I think a lot of the rhetoric that we have about open source is rooted in sort of like early 2000s kind of starry eyed idea about like the power of the internet and the idea of like crowdsourcing and Wikipedia and all this stuff. And then like in reality, like we kind of see this convergence from like very broad based collaborative volunteer efforts to like narrowing down to kind of like single creators. And I think a lot of like, you know, single creators are the people that are really driving a lot of the internet today and a lot of cultural production. Dwarkesh Patel 0:18:21Oh, that's that's super fascinating. Does that in general make you more sympathetic towards the lone genius view of accomplishments in history? Not just in literature, I guess, but just like when you think back to how likely is it that, you know, Newton came up with all that stuff on his own versus how much was fed into him by, you know, the others around him? Nadia Asparouhova 0:18:40Yeah, I think so. I feel I've never been like a big, like, you know, great founder theory kind of person. I think I'm like, my true theory is, I guess that ideas are maybe some sort of like sentient, like, concept or virus that operates outside of us. And we are just sort of like the vessels through which like ideas flow. So in that sense, you know, it's not really about any one person, but I do think I think I tend to lean like in terms of sort of like, where does creative, like, creative effort come from? I do think a lot of it comes much more from like a single individual than it does from with some of the crowds. But everything just serves like different purposes, right? Like, because I think like, within open source, it's like, not all of open source maintenance work is creative. In fact, most of it is pretty boring and dredgerous. And that's the stuff that no one wants to do. And that, like, one person kind of got stuck with doing and that's really different from like, who created a certain open source projects, which is a little bit more of that, like, creative mindset. Dwarkesh Patel 0:19:44Yeah, yeah, that's really interesting. Do you think more projects in open source, so just take a popular repository, on average, do you think that these repositories would be better off if, let's say a larger percentage of them where pull requests were closed and feature requests were closed? You can look at the code, but you can't interact with it or its creators anyway? Should more repositories have this model? Yeah, I definitely think so. I think a lot of people would be much happier that way. Yeah, yeah. I mean, it's interesting to think about the implications of this for other areas outside of code, right? Which is where it gets really interesting. I mean, in general, there's like a discussion. Sorry, go ahead. Yeah. Nadia Asparouhova 0:20:25Yeah, I mean, that's basically what's for the writing of my book, because I was like, okay, I feel like whatever's happening open source right now, you start with this idea that like democracy is green, and like, we should have tons and tons of people participating, tons of people participate, and then it turns out that like, most participation is actually just noise and not that useful. And then it ends up like scaring everyone away. And in the end, you just have like, you know, one or a small handful of people that are actually doing all the work while everyone else is kind of like screaming around them. And this becomes like a really great metaphor for what happens in social media. And the reason I wrote, after I wrote the book, I went and worked at Substack. And, you know, part of it was because I was like, I think the model is kind of converging from like, you know, Twitter being this big open space to like, suddenly everyone is retreating, like, the public space is so hostile that everyone must retreat into like, smaller private spaces. So then, you know, chats became a thing, Substack became a thing. And yeah, I just feel sort of like realistic, right? Dwarkesh Patel 0:21:15That's really fascinating. Yeah, the Straussian message in that book is very strong. But in general, there's, when you're thinking about something like corporate governance, right? There's a big question. And I guess even more interestingly, when you think if you think DAOs are going to be a thing, and you think that we will have to reinvent corporate governance from the ground up, there's a question of, should these be run like monarchy? Should they be sort of oligarchies where the board is in control? Should they be just complete democracies where everybody gets one vote on what you do at the next, you know, shareholder meeting or something? And this book and that analysis is actually pretty interesting to think about. Like, how should corporations be run differently, if at all? What does it inform how you think the average corporation should be run? Nadia Asparouhova 0:21:59Yeah, definitely. I mean, I think we are seeing a little bit, I'm not a corporate governance expert, but I do feel like we're seeing a little of this like, backlash against, like, you know, shareholder activism and like, extreme focus on sort of like DEI and boards and things like that. And like, I think we're seeing a little bit of people starting to like take the reins and take control again, because they're like, ah, that doesn't really work so well, it turns out. I think DAOs are going to learn this hard lesson as well. It's still maybe just too early to say what is happening in DAOs right now. But at least the ones that I've looked at, it feels like there is a very common failure mode of people saying, you know, like, let's just have like, let's have this be super democratic and like, leave it to the crowd to kind of like run this thing and figure out how it works. And it turns out you actually do need a strong leader, even the beginning. And this, this is something I learned just from like, open source projects where it's like, you know, very rarely, or if at all, do you have a strong leader? If at all, do you have a project that starts sort of like leaderless and faceless? And then, you know, usually there is some strong creator, leader or influential figure that is like driving the project forward for a certain period of time. And then you can kind of get to the point when you have enough of an active community that maybe that leader takes a step back and lets other people take over. But it's not like you can do that off day one. And that's sort of this open question that I have for, for crypto as an industry more broadly, because I think like, if I think about sort of like, what is defining each of these generations of people that are, you know, pushing forward new technological paradigms, I mentioned that like Wall Street finance mindset is very focused on like globalism and on this sort of like efficiency quantitative mindset. You have the tech Silicon Valley Y company or kind of generation that is really focused on top talent. And the idea this sort of like, you know, founder mindset, the power of like individuals breaking institutions, and then you have like the crypto mindset, which is this sort of like faceless leaderless, like governed by protocol and by code mindset, which is like intriguing to me. But I have a really hard time squaring it with seeing like, in some sense, open source was the experiment that started playing out, you know, 20 years before then. And some things are obviously different in crypto, because tokenization completely changes the incentive system for contributing and maintaining crypto projects versus like traditional open source projects. But in the end, also like humans are humans. And like, I feel like there are a lot of lessons to be learned from open source of like, you know, they also started out early on as being very starry eyed about the power of like, hyper democratic regimes. And it turned out like, that just like doesn't work in practice. And so like, how is CryptoGhost or like Square that? I'm just, yeah, very curious to see what happened. Dwarkesh Patel 0:24:41Yeah, super fascinating. That raises an interesting question, by the way, you've written about idea machines, and you can explain that concept while you answer this question. But do you think that movements can survive without a charismatic founder who is both alive and engaged? So once Will McCaskill dies, would you be shorting effective altruism? Or if like Tyler Cowen dies, would you be short progress studies? Or do you think that, you know, once you get a movement off the ground, you're like, okay, I'm gonna be shorting altruism. Nadia Asparouhova 0:25:08Yeah, I think that's a good question. I mean, like, I don't think there's some perfect template, like each of these kind of has its own sort of unique quirks and characteristics in them. I guess, yeah, back up a little bit. Idea machines is this concept I have around what the transition from we were talking before about, so like traditional 5.1c3 foundations as vehicles for philanthropy, what does the modern version of that look like that is not necessarily encoded in institution? And so I had this term idea machines, which is sort of this different way of thinking about like, turning ideas into outcomes where you have a community that forms around a shared set of values and ideas. So yeah, you mentioned like progress studies is an example of that, or effective altruism example, eventually, that community gets capitalized by some funders, and then it starts to be able to develop an agenda and then like, actually start building like, you know, operational outcomes and like, turning those ideas into real world initiatives. And remind me of your question again. Dwarkesh Patel 0:26:06Yeah, so once the charismatic founder dies of a movement, is a movement basically handicapped in some way? Like, maybe it'll still be a thing, but it's never going to reach the heights it could have reached if that main guy had been around? Nadia Asparouhova 0:26:20I think there are just like different shapes and classifications of like different, different types of communities here. So like, and I'm just thinking back again to sort of like different types of open source projects where it's not like they're like one model that fits perfectly for all of them. So I think there are some communities where it's like, yeah, I mean, I think effective altruism is maybe a good example of that where, like, the community has grown so much that I like if all their leaders were to, you know, knock on wood, disappear tomorrow or something that like, I think the movement would still keep going. There are enough true believers, like even within the community. And I think that's the next order of that community that like, I think that would just continue to grow. Whereas you have like, yeah, maybe it's certain like smaller or more nascent communities that are like, or just like communities that are much more like oriented around, like, a charismatic founder that's just like a different type where if you lose that leader, then suddenly, you know, the whole thing falls apart because they're much more like these like cults or religions. And I don't think it makes one better, better or worse. It's like the right way to do is probably like Bitcoin, where you have a charismatic leader for life because that leader is more necessarily, can't go away, can't ever die. But you still have the like, you know, North Stars and like that. Dwarkesh Patel 0:27:28Yeah. It is funny. I mean, a lot of prophets have this property of you're not really sure what they believed in. So people with different temperaments can project their own preferences onto him. Somebody like Jesus, right? It's, you know, you can be like a super left winger and believe Jesus did for everything you believe in. You can be a super right winger and believe the same. Yeah. Go ahead. Nadia Asparouhova 0:27:52I think there's value in like writing cryptically more. Like I think about like, I think Curtis Yarvin has done a really good job of this where, you know, intentionally or not, but because like his writing is so cryptic and long winded. And like, it's like the Bible where you can just kind of like pour over endlessly being like, what does this mean? What does this mean? And in a weird, you know, you're always told to write very clearly, you're told to write succinctly, but like, it's actually in a weird way, you can be much more effective by being very long winded and not obvious in what you're saying. Dwarkesh Patel 0:28:20Yes, which actually raises an interesting question that I've been wondering about. There have been movements, I guess, if I did altruism is a good example that have been focused on community building in a sort of like explicit way. And then there's other movements where they have a charismatic founder. And moreover, this guy, he doesn't really try to recruit people. I'm thinking of somebody like Peter Thiel, for example, right? He goes on, like once every year or two, he'll go on a podcast and have this like really cryptic back and forth. And then just kind of go away in a hole for a few months or a few years. And I'm curious, which one you think is more effective, given the fact that you're not really competing for votes. So absolute number of people is not what you care about. It's not clear what you care about. But you do want to have more influence among the elites who matter in like politics and tech as well. So anyways, which just your thoughts on those kinds of strategies, explicitly trying to community build versus just kind of projecting out there in a sort of cryptic way? Nadia Asparouhova 0:29:18Yeah, I mean, I definitely being somewhat cryptic myself. I favor the cryptic methodology. But I mean, yeah, I mean, you mentioned Peter Thiel. I think like the Thielverse is probably like the most, like one of the most influential things. In fact, that is hard. It is partly so effective, because it is hard to even define what it is or wrap your head around that you just know that sort of like, every interesting person you meet somehow has some weird connection to, you know, Peter Thiel. And it's funny. But I think this is sort of that evolution from the, you know, 5163 Foundation to the like idea machine implicit. And that is this this switch from, you know, used to start the, you know, Nadia Asparova Foundation or whatever. And it was like, you know, had your name on it. And it was all about like, what do I as a funder want to do in the world, right? And you spend all this time doing this sort of like classical, you know, research, going out into the field, talking to people and you sit and you think, okay, like, here's a strategy I'm going to pursue. And like, ultimately, it's like, very, very donor centric in this very explicit way. And so within traditional philanthropy, you're seeing this sort of like, backlash against that. In like, you know, straight up like nonprofit land, where now you're seeing the locus of power moving from being very donor centric to being sort of like community centric and people saying like, well, we don't really want the donors telling us what to do, even though it's also their money. Like, you know, instead, let's have this be driven by the community from the ground up. That's maybe like one very literal reaction against that, like having the donor as sort of the central power figure. But I think idea machines are kind of like the like, maybe like the more realistic or effective answer in that like, the donor is still like without the presence of a funder, like, community is just a community. They're just sitting around and talking about ideas of like, what could possibly happen? Like, they don't have any money to make anything happen. But like, I think like really effective funders are good at being sort of like subtle and thoughtful about like, like, you know, no one wants to see like the Peter Thiel foundation necessarily. That's just like, it's so like, not the style of how it works. But you know, you meet so many people that are being funded by the same person, like just going out and sort of aggressively like arming the rebels is a more sort of like, yeah, just like distributed decentralized way of thinking about like spreading one's power, instead of just starting a fund. Instead of just starting a foundation. Dwarkesh Patel 0:31:34Yeah, yeah. I mean, even if you look at the life of influential politicians, somebody like LBJ, or Robert Moses, it's how much of it was like calculated and how much of it was just like decades of building up favors and building up connections in a way that had no definite and clear plan, but it just you're hoping that someday you can call upon them and sort of like Godfather way. Yeah. Yeah, that's interesting. And by the way, this is also where your work on open source comes in, right? Like, there's this idea that in the movement, you know, everybody will come in with their ideas, and you can community build your way towards, you know, what should be funded. And, yeah, I'm inclined to believe that it's probably like a few people who have these ideas about what should be funded. And the rest of it is either just a way of like building up engagement and building up hype. Or, or I don't know, or maybe just useless, but what are your thoughts on it? Nadia Asparouhova 0:32:32You know, I decided I was like, I am like, really very much a tech startup person and not a crypto person, even though I would very much like to be fun, because I'm like, ah, this is the future. And there's so many interesting things happening. And I'm like, for the record, not at all like down in crypto, I think it is like the next big sort of movement of things that are happening. But when I really come down to like the mindset, it's like I am so in that sort of like, top talent founder, like power of the individual to break institutions mindset, like that just resonates with me so much more than the like, leaderless, faceless, like, highly participatory kind of thing. And again, like I am very open to that being true, like I maybe I'm so wrong on that. I just like, I have not yet seen evidence that that works in the world. I see a lot of rhetoric about how that could work or should work. We have this sort of like implicit belief that like, direct democracy is somehow like the greatest thing to aspire towards. But like, over and over we see evidence that like that doesn't that just like doesn't really work. It doesn't mean we have to throw out the underlying principles or values behind that. Like I still really believe in meritocracy. I really believe in like access to opportunity. I really believe in like pursuit of happiness. Like to me, those are all like very like American values. But like, I think that where that breaks is the idea that like that has to happen through these like highly participatory methods. I just like, yeah, I haven't seen really great evidence of that being that working. Dwarkesh Patel 0:33:56What does that imply about how you think about politics or at least political structures? You think it would you you elect a mayor, but like, just forget no participation. He gets to do everything he wants to do for four years and you can get rid of in four years. But until then, no community meetings. Well, what does that imply about how you think cities and states and countries should be run? Nadia Asparouhova 0:34:17Um, that's a very complicated thoughts on that. I mean, I, I think it's also like, everyone has the fantasy of when it'd be so nice if there were just one person in charge. I hate all this squabbling. It would just be so great if we could just, you know, have one person just who has exactly the views that I have and put them in charge and let them run things. That would be very nice. I just, I do also think it's unrealistic. Like, I don't think I'm, you know, maybe like modernity sounds great in theory, but in practice just doesn't like I really embrace and I think like there is no perfect governance design either in the same way that there's no perfect open source project designer or whatever else we're talking about. Um, uh, like, yeah, it really just depends like what is like, what is your population comprised of? There are some very small homogenous populations that can be very easily governed by like, you know, a small government or one person or whatever, because there isn't that much dissent or difference. Everyone is sort of on the same page. America is the extreme opposite in that angle. And I'm always thinking about America because like, I'm American and I love America. But like, everyone is trying to solve the governance question for America. And I think like, yeah, I don't know. I mean, we're an extremely heterogeneous population. There are a lot of competing world views. I may not agree with all the views of everyone in America, but like I also, like, I don't want just one person that represents my personal views. I would focus more like effectiveness in governance than I would like having like, you know, just one person in charge or something that like, I don't mind if someone disagrees with my views as long as they're good at what they do, if that makes sense. So I think the questions are like, how do we improve the speed at which like our government works and the efficacy with which it works? Like, I think there's so much room to be made room for improvement there versus like, I don't know how much like I really care about like changing the actual structure of our government. Dwarkesh Patel 0:36:27Interesting. Going back to open source for a second. Why do these companies release so much stuff in open source for free? And it's probably literally worth trillions of dollars of value in total. And they just release it out and free and many of them are developer tools that other developers use to build competitors for these big tech companies that are releasing these open source tools. Why did they do it? What explains it? Nadia Asparouhova 0:36:52I mean, I think it depends on the specific project, but like a lot of times, these are projects that were developed internally. It's the same reason of like, I think code and writing are not that dissimilar in this way of like, why do people spend all this time writing, like long posts or papers or whatever, and then just release them for free? Like, why not put everything behind a paywall? And I think the answer is probably still in both cases where like mindshare is a lot more interesting than, you know, your literal IP. And so, you know, you put out, you write these like long reports or you tweet or whatever, like you spend all this time creating content for free and putting it out there because you're trying to capture mindshare. Same thing with companies releasing open source projects. Like a lot of times they really want like other developers to come in and contribute to them. They want to increase their status as like an open source friendly kind of company or company or show like, you know, here's the type of code that we write internally and showing that externally. They want to like recruiting is, you know, the hardest thing for any company, right? And so being able to attract the right kinds of developers or people that, you know, might fit really well into their developer culture just matters a lot more. And they're just doing that instead of with words or doing that with code. Dwarkesh Patel 0:37:57You've talked about the need for more idea machines. You're like dissatisfied with the fact that effective altruism is a big game in town. Is there some idea or nascent movement where I mean, other than progress ideas, but like something where you feel like this could be a thing, but it just needs some like charismatic founder to take it to the next level? Or even if it doesn't exist yet, it just like a set of ideas around this vein is like clearly something there is going to exist. You know what I mean? Is there anything like that that you notice? Nadia Asparouhova 0:38:26I only had a couple of different possibilities in that post. Yeah, I think like the progress sort of meme is probably the largest growing contender that I would see right now. I think there's another one right now around sort of like the new right. That's not even like the best term necessarily for it, but there's sort of like a shared set of values there that are maybe starting with like politics, but like ideally spreading to like other areas of public influence. So I think like those are a couple of like the bigger movements that I see right now. And then there's like smaller stuff too. Like I mentioned, like tools for thought in that post where like that's never going to be a huge idea machine. But it's one where you have a lot of like interesting, talented people that are thinking about sort of like future of computing. And until maybe more recently, like there just hasn't been a lot of funding available and the funding is always really uneven and unpredictable. And so that's to me an example of like, you know, a smaller community that like just needs that sort of like extra influx to turn a bunch of abstract ideas into practice. But yeah, I mean, I think like, yeah, there's some like the bigger ones that I see right now. I think there is just so much more potential to do more, but I wish people would just think a little bit more creatively because, yeah, I really do think like effective altruism kind of becomes like the default option for a lot of people. Then they're kind of vaguely dissatisfied with it and they don't like think about like, well, what do I actually really care about in the world and how do I want to put that forward? Dwarkesh Patel 0:39:53Yeah, there's also the fact that effective altruism has this like very fit memeplex in the sense that it's like a polytheistic religion where if you have a cause area, then you don't have your own movement. You just have a cause area within our broader movement, right? It just like adopts your gods into our movement. Nadia Asparouhova 0:40:15Yeah, that's the same thing I see like people trying to lobby for effective altruism to care about their cause area, but then it's like you could just start a separate. Like if you can't get EA to care about, then why not just like start another one somewhere else? Dwarkesh Patel 0:40:28Yeah, so, you know, it's interesting to me that the wealth boom in Silicon Valley and then tech spheres has led to the sound growth of philanthropy, but that hasn't always been the case. Even in America, like a lot of people became billionaires after energy markets were deregulated in the 80s and the 90s. And then there wasn't, and obviously the hub of that was like the Texas area or, you know, and as far as I'm aware, there wasn't like a boom of philanthropy motivated by the ideas that people in that region had. What's different about Silicon Valley? Why are they, or do you actually think that these other places have also had their own booms of philanthropic giving? Nadia Asparouhova 0:41:11I think you're right. Yeah, I would make the distinction between like being wealthy is not the same as being elite or whatever other term you want to use there. And so yeah, there are definitely like pockets of what's called like more like local markets of wealth, like, yeah, Texas oil or energy billionaires that tend to operate kind of just more in their own sphere. And a lot of, if you look at any philanthropic, like a lot of them will be philanthropically active, but they only really focus on their geographic area. But there's sort of this difference. And I think this is part of where it comes from the question of like, you know, like what forces someone to actually like do something more public facing with their power. And I think that comes from your power being sort of like threatened. That's like one aspect I would say of that. So like tech has only really become a lot more active in the public sphere outside of startups after the tech backlash of the mid 2010s. And you can say a similar thing kind of happened with the Davos elite as well. And also for the Gilded Age cohort of wealth. And so yeah, when you have sort of, you're kind of like, you know, building in your own little world. And like, you know, we had literally like Silicon Valley where everyone was kind of like sequestered off and just thinking about startups and thinking themselves of like, tech is essentially like an industry, just like any other sort of, you know, entertainment or whatever. And we're just kind of happy building over here. And then it was only when sort of like the Panopticon like turned its head towards tech and started and they had this sort of like onslaught of critiques coming from sort of like mainstream discourse where they went, oh, like what is my place in this world? And, you know, if I don't try to like defend that, then I'm going to just kind of, yeah, we're going to lose all that power. So I think that that need to sort of like defend one's power can kind of like prompt that sort of action. The other aspect I'd highlight is just like, I think a lot of elites are driven by these like technological paradigm shifts. So there's this scholar, Carlotta Perrins, who writes about technological revolutions and financial capital. And she identifies like a few different technological revolutions over the last, whatever, hundred plus years that like drove this cycle of, you know, a new technology is invented. It's people are kind of like working on it in this smaller industry sort of way. And then there is some kind of like crazy like public frenzy and then like a backlash. And then from after that, then you have this sort of like focus on public institution building. But she really points out that like not all technology fits into that. Like, not all technology is a paradigm shift. Sometimes technology is just technology. And so, yeah, I think like a lot of wealth might just fall into that category. My third example, by the way, is the Koch family because you had, you know, the Koch brothers, but then like their father was actually the one who like kind of initially made their wealth, but was like very localized in sort of like how he thought about philanthropy. He had his own like, you know, family foundation was just sort of like doing that sort of like, you know, Texas billionaire mindset that we're talking about of, you know, I made a bunch of money. I'm going to just sort of like, yeah, do my local funder activity. It was only the next generation of his children that then like took that wealth and started thinking about like how do we actually like move that onto like a more elite stage and thinking about like their influence in the media. But like you can see there's like two clear generations within the same family. Like one has this sort of like local wealth mindset and one of them has the more like elite wealth mindset. And yeah, you can kind of like ask yourself, why did that switch happen? But yeah, it's clearly about more than just money. It's also about intention. Dwarkesh Patel 0:44:51Yeah, that's really interesting. Well, it's interesting because there's, if you identify the current mainstream media as affiliated with like that Davos aristocratic elite, or maybe not aristocratic, but like the Davos groups. Yeah, exactly. There is a growing field of independent media, but you would not identify somebody like Joe Rogan as in the Silicon Valley sphere, right? So there is a new media. I just, I guess these startup people don't have that much influence over them yet. And they feel like, yeah. Nadia Asparouhova 0:45:27I think they're trying to like take that strategy, right? So you have like a bunch of founders like Palmer Luckey and Mark Zuckerberg and Brian Armstrong and whoever else that like will not really talk to mainstream media anymore. They will not get an interview to the New York Times, but they will go to like an individual influencer or an individual creator and they'll do an interview with them. So like when Mark Zuckerberg announced Meta, like he did not get grant interviews to mainstream publications, but he went and talked to like Ben Thompson at Strategory. And so I think there is like, it fits really well with that. Like probably mindset of like, we're not necessarily institution building. We're going to like focus on power of individuals who sort of like defy institutions. And that is kind of like an open question that I have about like, what will the long term influence of the tech elite look like? Because like, yeah, the human history tells us that eventually all individual behaviors kind of get codified into institutions, right? But we're obviously living in a very different time now. And I think like the way that the Davos elite managed to like really codify and extend their influence across all these different sectors was by taking that institutional mindset and, you know, like thinking about sort of like academic institutions and media institutions, all that stuff. If the startup mindset is really inherently like anti-institution and says like, we don't want to build the next Harvard necessarily. We just want to like blow apart the concept of universities whatsoever. Or, you know, we don't want to create a new CNN or a new Fox News. We want to just like fund like individual creators to do that same sort of work, but in this very decentralized way. Like, will that work long term? I don't know. Like, is that just sort of like a temporary state that we're in right now where no one really knows what the next institutions will look like? Or is that really like an important part of this generation where like, we shouldn't be asking the question of like, how do you build a new media network? We should just be saying like, the answer is there is no media network. We just go to like all these individuals instead. Dwarkesh Patel 0:47:31Yeah, that's interesting. What do you make of this idea that I think, let's say, that these idea machines might be limited by the fact that if you're going to start some sort of organization in them, you're very much depending on somebody who has made a lot of money independently to fund you and to grant you approval. And I just have a hard time seeing somebody who is like a Napoleon-like figure being willing long term to live under that arrangement. And that so there'll just be the people who are just have this desire to dominate and be recognized who are probably pretty important to any movement you want to create. They'll just want to go off and just like build a company or something that gives them an independent footing first. And they just won't fall under any umbrella. You know what I mean? Nadia Asparouhova 0:48:27Yeah, I mean, like Dustin Moskovitz, for example, has been funding EA for a really long time and hasn't hasn't walked away necessarily. Yeah. I mean, on the flip side, you can see like SPF carried a lot of a lot of risk because it's your point, I guess, like, you know, you end up relying on this one funder, the one funder disappears and everything else kind of falls apart. I mean, I think like, I don't have any sort of like preciousness attached to the idea of like communities, you know, lasting forever. I think this is like, again, if we're trying to solve for the problem of like what did not work well about 5.1c3 foundations for most of recent history, like part of it was that they're, you know, just meant to live on to perpetuity. Like, why do we still have like, you know, Rockefeller Foundation, there are now actually many different Rockefeller Foundations, but like, why does that even exist? Like, why did that money not just get spent down? And actually, when John D. Rockefeller was first proposing the idea of foundations, he wanted them to be like, to have like a finite end state. So he wanted them to last only like 50 years or 100 years when he was proposing this like federal charter, but that federal charter failed. And so now we have these like state charters and foundations can just exist forever. But like, I think if we want to like improve upon this idea of like, how do we prevent like meritocratic elites from turning into aristocratic elites? How do we like, yeah, how do we actually just like try to do a lot of really interesting stuff in our lifetimes? It's like a very, it's very counterintuitive, because you think about like, leaving a legacy must mean like creating institutions or creating a foundation that lasts forever. And, you know, 200 years from now, there's still like the Nadia Asparuva Foundation out there. But like, if I really think about it, it's like, I would almost rather just do really, really, really good, interesting work in like, 50 years or 20 years or 10 years, and have that be the legacy versus your name kind of getting, you know, submerged over a century of institutional decay and decline. So yeah, I don't like if you know, you have a community that lasts for maybe only last 10 years or something like that, and it's funded for that amount of time, and then it kind of elbows its usefulness and it winds down or becomes less relevant. Like, I don't necessarily see it as a bad thing. Of course, like in practice, you know, nothing ever ends that that neatly and that quietly. But, but yeah, I don't think that's a bad thing. Dwarkesh Patel 0:50:44Yeah, yeah. Who are some ethnographers or sociologists from a previous era that have influenced your work? So was there somebody writing about, you know, what it was like to be in a Roman Legion? Or what it was like to work in a factory floor? And you're like, you know what, I want to do that for open source? Or I want to do that for the New Tech Elite? Nadia Asparouhova 0:51:02For open source, I was definitely really influenced by Jane Jacobs and Eleanor Ostrom. I think both had this quality of, so yeah, Eleanor Ostrom was looking at examples of common pool resources, like fisheries or forests or whatever. And just like, going and visiting them and spending a lot of time with them and then saying like, actually, I don't think tragedy of the commons is like a real thing, or it's not the only outcome that we can possibly have. And so sometimes commons can be managed, like perfectly sustainably. And it's not necessarily true that everyone just like treats them very extractively. And just like wrote about what she saw. And same with Jane Jacobs sort of looking at cities as someone who lives in one, right? Like she didn't have any fancy credentials or anything like that. She was just like, I live in the city and I'm looking around and this idea of like, top down urban planning, where you have like someone trying to design this perfect city that like, doesn't change and doesn't yield to its people. It just seems completely unrealistic. And the style that both of them take in their writing is very, it just it starts from them just like, observing what they see and then like, trying to write about it. And I just, yeah, that's, that's the style that I really want to emulate. Dwarkesh Patel 0:52:12Interesting. Nadia Asparouhova 0:52:13Yeah. I think for people to just be talking to like, I don't know, like Chris just like just talking to like open source developers, turns out you can learn a lot more from that than just sitting around like thinking about what open source developers might be thinking about. But... Dwarkesh Patel 0:52:25I have this, I have had this idea of not even for like writing it out loud, but just to understand how the world works. Just like shadowing people who are in just like a random position, they don't have to be a lead in any way, but just like a person who's the personal assistant to somebody influential, how to decide whose emails they forward, how they decide what's the priority, or somebody who's just like an accountant for a big company, right? It's just like, what is involved there? Like, what kinds of we're gonna, you know what I mean? Just like, random people, the line manager at the local factory. I just have no idea how these parts of the world work. And I just want to like, yeah, just shadow them for a day and see like, what happens there. Nadia Asparouhova 0:53:05This is really interesting, because everyone else focuses on sort of like, you know, the big name figure or whatever, but you know, who's the actual gatekeeper there? But yeah, I mean, I've definitely found like, if you just start cold emailing people and talking to them, people are often like, surprisingly, very, very open to being talked to because I don't know, like, most people do not get asked questions about what they do and how they think and stuff. So, you know, you want to realize that dream. Dwarkesh Patel 0:53:33So maybe I'm not like John Rockefeller, and that I only want my organization to last for 50 years. I'm sure you've come across these people who have this idea that, you know, I'll let my money compound for like 200 years. And if it just compounds at some reasonable rate, I'll be, it'll be like the most wealthy institution in the world, unless somebody else has the same exact idea. If somebody wanted to do that, but they wanted to hedge for the possibility that there's a war or there's a revolt, or there's some sort of change in law that draws down this wealth. How would you set up a thousand year endowment, basically, is what I'm asking, or like a 500 year endowment? Would you just put it in like a crypto wallet with us? And just, you know what I mean? Like, how would you go about that organizationally? How would you like, that's your goal? I want to have the most influence in 500 years. Nadia Asparouhova 0:54:17Well, I'd worry much less. The question for me is not about how do I make sure that there are assets available to distribute in a thousand years? Because I don't know, just put in stock marketers. You can do some pretty boring things to just like, you know, ensure your assets grow over time. The more difficult question is, how do you ensure that whoever is deciding how to distribute the funds, distributes them in a way that you personally want them to be spent? So Ford Foundation is a really interesting example of this, where Henry Ford created a Ford Foundation shortly before he died, and just pledged a lot of Ford stock to create this foundation and was doing it basically for tax reasons, had no philanthropic. It's just like, this is what we're doing to like, house this wealth over here. And then, you know, passed away, son passed away, and grandson ended up being on the board. But the board ended up being basically like, you know, a bunch of people that Henry Ford certainly would not have ever wanted to be on his board. And so, you know, and you end up seeing like, the Ford Foundation ended up becoming huge influential. I like, I have received money from them. So it's not at all an indictment of sort of like their views or anything like that. It's just much more of like, you know, you had the intent of the original donor, and then you had like, who are all these people that like, suddenly just ended up with a giant pool of capital and then like, decided to spend it however they felt like spending it and the grandson at the time sort of like, famously resigned because he was like, really frustrated and was just like, this is not at all what my family wanted and like, basically like, kicked off the board. So anyway, so that is the question that I would like figure out if I had a thousand year endowment is like, how do I make sure that whomever manages that endowment actually shares my views? One, shares my views, but then also like, how do I even know what we need to care about in a thousand years? Because like, I don't even know what the problems are in a thousand years. And this is why like, I think like, very long term thinking can be a little bit dangerous in this way, because you're sort of like, presuming that you know what even matters then. Whereas I think like, figure out the most impactful things to do is just like, so contextually dependent on like, what is going on at the time. So I can't, I don't know. And there are also foundations where you know, the dono
Nadia Asparouhova is currently researching what the new tech elite will look like at nadia.xyz. She is also the author of Working in Public: The Making and Maintenance of Open Source Software.We talk about how:* American philanthropy has changed from Rockefeller to Effective Altruism* SBF represented the Davos elite rather than the Silicon Valley elite,* Open source software reveals the limitations of democratic participation,* & much more.Watch on YouTube. Listen on Apple Podcasts, Spotify, or any other podcast platform. Read the full transcript here.Timestamps(0:00:00) - Intro(0:00:26) - SBF was Davos elite(0:09:38) - Gender sociology of philanthropy(0:16:30) - Was Shakespeare an open source project?(0:22:00) - Need for charismatic leaders(0:33:55) - Political reform(0:40:30) - Why didn't previous wealth booms lead to new philanthropic movements?(0:53:35) - Creating a 10,000 year endowment(0:57:27) - Why do institutions become left wing?(1:02:27) - Impact of billionaire intellectual funding(1:04:12) - Value of intellectuals(1:08:53) - Climate, AI, & Doomerism(1:18:04) - Religious philanthropyTranscriptThis transcript was autogenerated and thus may contain errors.Nadia Asparouhova 0:00:00You start with this idea that like democracy is green and like we should have tons of tons of people participating tons of people participate and then it turns out that like most participation is actually just noise and not that useful. That really squarely puts SPF into like the finance crowd much more so than startups or crypto. Founders will always talk about like building and like startups are like so important or whatever and like what are all of them doing in their spare time? They're like reading books. They're reading essays and like and then those like books and essays influence how they think about stuff. Dwarkesh Patel 0:00:26Okay, today I have the pleasure of talking with Nadia Asperova. She is previously the author of Working in Public, the Making and Maintenance of Open Source Software and she is currently researching what the new tech elite will look like. Nadia, welcome to the podcast. Thanks for having me. Yeah, okay, so this is a perfect timing obviously given what's been happening with SPF. How much do you think SPF was motivated by effective altruism? Where do you place them in the whole dimensionality of idea machines and motivations? Nadia Asparouhova 0:01:02Yeah, I mean, I know there's sort of like conflicting accounts going around. Like, I mean, just from my sort of like character study or looking at SPF, it seems pretty clear to me that he is sort of inextricably tied to the concepts of utilitarianism that then motivate effective altruism. The difference for me in sort of like where I characterize effective altruism is I think it's much closer to sort of like finance Wall Street elite mindset than it is to startup mindset, even though a lot of people associate effective altruism with tech people. So yeah, to me, like that really squarely puts SPF in sort of like the finance crowd much more so than startups or crypto. And I think that's something that gets really misunderstood about him. Dwarkesh Patel 0:01:44Interesting. Yeah, I find that interesting because if you think of Jeff Bezos, when he started Amazon, he wasn't somebody like John Perry Barlow, who was just motivated by the free philosophy of the internet. You know, he saw a graph of internet usage going up into the right and he's like, I should build a business on top of this. And in a sort of loopholy way, try to figure out like, what is the thing that is that is the first thing you would want to put a SQL database on top of to ship and produce? And I think that's what books was the answer. So and obviously, he also came from a hedge fund, right? Would you play somebody like him also in the old finance crowd rather than as a startup founder? Nadia Asparouhova 0:02:22Yeah, it's kind of a weird one because he's both associated with the early computing revolution, but then also AWS was sort of like what kicked off all of the 2010s sort of startup. And I think in the way that he's started thinking about his public legacy and just from sort of his public behavior, I think he fits much more squarely now in that sort of tech startup elite mindset of the 2010s crowd more so than the Davos elite crowd of the 2000s. Dwarkesh Patel 0:02:47What in specific are you referring to? Nadia Asparouhova 0:02:49Well, he's come out and been like sort of openly critical about a lot of like Davos type institutions. He kind of pokes fun at mainstream media and for not believing in him not believing in AWS. And I think he's because he sort of like spans across like both of these generations, he's been able to see the evolution of like how maybe like his earlier peers function versus the sort of second cohort of peers that he came across. But to me, he seems much more like, much more of the sort of like startup elite mindset. And I can kind of back up a little bit there. But what I associate with the Davos Wall Street kind of crowd is much more of this focus on quantitative thinking, measuring efficiency. And then also this like globalist mindset, like I think that the vision that they want to ensure for the world is this idea of like a very interconnected world where we, you know, sort of like the United Nations kind of mindset. And that is really like literally what the Davos gathering is. Whereas Bezos from his actions today feels much closer to the startup, like Y Combinator post AWS kind of mindset of founders that were really made their money by taking these non-obvious bets on talented people. So they were much less focused on credentialism. They were much more into this idea of meritocracy. I think we sort of forget like how commonplace this trope is of like, you know, the young founder in a dorm room. And that was really popularized by the 2010s cohort of the startup elite of being someone that may have like absolutely no skills, no background in industry, but can somehow sort of like turn the entire industry over on its head. And I think that was sort of like the unique insight of the tech startup crowd. And yeah, when I think about just sort of like some of the things that Bezos is doing now, it feels like she identifies with that much more strongly of being this sort of like lone cowboy or having this like one talented person with really great ideas who can sort of change the world. I think about the, what is it called? The Altos Institute or the new like science initiative that he put out where he was recruiting these like scientists from academic institutions and paying them really high salaries just to attract like the very best top scientists around the world. That's much more of that kind of mindset than it is about like putting faith in sort of like existing institutions, which is what we would see from more of like a Davos kind of mindset. Dwarkesh Patel 0:05:16Interesting. Do you think that in the future, like the kids of today's tech billionaires will be future aristocrats? So effective altruism will be a sort of elite aristocratic philosophy. They'll be like tomorrow's Rockefellers. Nadia Asparouhova 0:05:30Yeah, I kind of worry about that actually. I think of there as being like within the US, we were kind of lucky in that we have these two different types of elites. We have the aristocratic elites and we have meritocratic elites. Most other countries I think basically just have aristocratic elites, especially comparing like the US to Britain in this way. And so in the aristocratic model, your wealth and your power is sort of like conferred to you by previous generations. You just kind of like inherit it from your parents or your family or whomever. And the upside of that, if there is an upside, is that you get really socialized into this idea of what does it mean to be a public steward? What does it mean to think of yourself and your responsibility to the rest of society as a privileged elite person? In the US, we have this really great thing where you can kind of just, you know, we have the American dream, right? So lots of people that didn't grow up with money can break into the elite ranks by doing something that makes them really successful. And that's like a really special thing about the US. So we have this whole class of meritocratic elites who may not have aristocratic backgrounds, but ended up doing something within their lifetimes that made them successful. And so, yeah, I think it's a really cool thing. The downside of that being that you don't really get like socialized into what does it mean to have this fortune and do something interesting with your money. You don't have this sort of generational benefit that the aristocratic elites have of presiding over your land or whatever you want to call it, where you're sort of learning how to think about yourself in relation to the rest of society. And so it's much easier to just kind of like hoard your wealth or whatever. And so when you think about sort of like what are the next generations, the children of the meritocratic elites going to look like or what are they going to do, it's very easy to imagine kind of just becoming aristocratic elites in the sense of like, yeah, they're just going to like inherit the money from their families. And they haven't also really been socialized into like how to think about their role in society. And so, yeah, all the meritocratic elites eventually turn into aristocratic elites, which is where I think you start seeing this trend now towards people wanting to sort of like spend down their fortunes within their lifetime or within a set number of decades after they die because they kind of see what happened in previous generations and are like, oh, I don't want to do that. Dwarkesh Patel 0:07:41Yeah, yeah, yeah. Well, it's interesting. You mentioned that the aristocratic elites have the feel that they have the responsibility to give back, I guess, more so than the meritocratic elites. But I believe that in the U.S., the amount of people who give to philanthropy and the total amount they give is higher than in Europe, right, where they probably have a higher ratio of aristocratic elites. Wouldn't you expect the opposite if the aristocratic elites are the ones that are, you know, inculcated to give back? Nadia Asparouhova 0:08:11Well, I assume like most of the people that are the figures about sort of like Americans giving back is spread across like all Americans, not just the wealthiest. Dwarkesh Patel 0:08:19Yeah. So you would predict that among the top 10 percent of Americans, there's less philanthropy than the top 10 percent of Europeans? Uh, there's... Sorry, I'm not sure I understand the question. I guess, does the ratio of meritocratic to aristocratic elites change how much philanthropy there is among the elites? Nadia Asparouhova 0:08:45Yeah, I mean, like here we have much more of a culture of like even among aristocratic elites, this idea of like institution building or like large donations to like build institutions, whereas in Europe, a lot of the public institutions are created by government. And there's sort of this mentality of like private citizens don't experiment with public institutions. That's the government's job. And you see that sort of like pervasively throughout all of like European cultures. Like when we want something to change in public society, we look to government to like regulate or change it. Whereas in the U.S., it's kind of much more like choose your own adventure. And we don't really see the government as like the sole provider or shaper of public institutions. We also look at private citizens and like there's so many things that like public institutions that we have now that were not started by government, but were started by private philanthropists. And that's like a really unusual thing about the U.S. Dwarkesh Patel 0:09:39There's this common pattern in philanthropy where a guy will become a billionaire, and then his wife will be heavily involved with or even potentially in charge of, you know, the family's philanthropic efforts. And there's many examples of this, right? Like Bill and Melinda Gates, you know, Mark Zuckerberg. Yeah, yeah, exactly. And Dustin Moskovitz. So what is the consequence of this? How is philanthropy, the causes and the foundations, how are they different because of this pattern? Nadia Asparouhova 0:10:15Well, I mean, I feel like we see that pattern, like the problem is that what even is philanthropy is changing very quickly. So we can say historically that, not even historically, in recent history, in recent decades, that has probably been true. That wasn't true in say like late 1800s, early 1900s. It was, you know, Carnegie and Rockefeller were the ones that were actually doing their own philanthropy, not their spouses. So I'd say it's a more recent trend. But now I think we're also seeing this thing where like a lot of wealthy people are not necessarily doing their philanthropic activities through foundations anymore. And that's true both within like traditional philanthropy sector and sort of like the looser definition of what we might consider to be philanthropy, depending on how you define it, which I kind of more broadly want to define as like the actions of elites that are sort of like, you know, public facing activities. But like even within sort of traditional philanthropy circles, we have like, you know, the 5.1c3 nonprofit, which is, you know, traditionally how people, you know, house all their money in a foundation and then they do their philanthropic activities out of that. But in more recent years, we've seen this trend towards like LLCs. So Emerson Collective, I think, might have been maybe the first one to do it. And that was Steve Jobs' Philanthropic Foundation. And then Mark Zuckerberg with Chan Zuckerberg Initiative also used an LLC. And then since then, a lot of other, especially within sort of like tech wealth, we've seen that move towards people using LLCs instead of 5.1c3s because they, it just gives you a lot more flexibility in the kinds of things you can fund. You don't just have to fund other nonprofits. And they also see donor advised funds. So DAFs, which are sort of this like hacky workaround to foundations as well. So I guess point being that like this sort of mental model of like, you know, one person makes a ton of money and then their spouse kind of directs these like nice, feel good, like philanthropic activities, I think is like, may not be the model that we continue to move forward on. And I'm kind of hopeful or curious to see like, what does a return to like, because we've had so many new people making a ton of money in the last 10 years or so, we might see this return to sort of like the Gilded Age style of philanthropy where people are not necessarily just like forming a philanthropic foundation and looking for the nicest causes to fund, but are actually just like thinking a little bit more holistically about like, how do I help build and create like a movement around a thing that I really care about? How do I think more broadly around like funding companies and nonprofits and individuals and like doing lots of different, different kinds of activities? Because I think like the broader goal that like motivates at least like the new sort of elite classes to want to do any of this stuff at all. I don't really think philanthropy is about altruism. I just, I think like the term philanthropy is just totally fraud and like refers to too many different things and it's not very helpful. But I think like the part that I'm interested in at least is sort of like what motivates elites to go from just sort of like making a lot of money and then like thinking about themselves to them thinking about sort of like their place in broader public society. And I think that starts with thinking about how do I control like media, academia, government are sort of like the three like arms of the public sector. And we think of it in that way a little bit more broadly where it's really much more about sort of like maintaining control over your own power, more so than sort of like this like altruistic kind of, you know, whitewash. Dwarkesh Patel 0:13:41Yeah. Nadia Asparouhova 0:13:42Then it becomes like, you know, there's so many other like creative ways to think about like how that might happen. Dwarkesh Patel 0:13:49That's, that's, that's really interesting. That's a, yeah, that's a really interesting way of thinking about what it is you're doing with philanthropy. Isn't the word noble descended from a word that basically means to give alms to people like if you're in charge of them, you will give alms to them. And in a way, I mean, it might have been another word I'm thinking of, but in a way, yeah, a part of what motivates altruism, not obviously all of it, but part of it is that, yeah, you influence and power. Not even in a necessarily negative connotation, but that's definitely what motivates altruism. So having that put square front and center is refreshing and honest, actually. Nadia Asparouhova 0:14:29Yeah, I don't, I really don't see it as like a negative thing at all. And I think most of the like, you know, writing and journalism and academia that focuses on philanthropy tends to be very wealth critical. I'm not at all, like I personally don't feel wealth critical at all. I think like, again, sort of returning to this like mental model of like aristocratic and meritocratic elites, aristocratic elites are able to sort of like pass down, like encode what they're supposed to be doing in each generation because they have this kind of like familial ties. And I think like on the meritocratic side, like if you didn't have any sort of language around altruism or public stewardship, then like, it's like, you need to kind of create that narrative for the meritocratically or else, you know, there's just like nothing to hold on to. So I think like, it makes sense to talk in those terms. Andrew Carnegie being sort of the father of modern philanthropy in the US, like, wrote these series of essays about wealth that were like very influential and where he sort of talks about this like moral obligation. And I think like, really, it was kind of this like, a quiet way for him to, even though it was ostensibly about sort of like giving back or, you know, helping lift up the next generation of people, the next generation of entrepreneurs. Like, I think it really was much more of a protective stance of saying, like, if he doesn't frame it in this way, then people are just going to knock down the concept of wealth altogether. Dwarkesh Patel 0:15:50Yeah, yeah, yeah. No, that's really interesting. And it's interesting, in which cases this kind of influence has been successful and worse not. When Jeff Bezos bought the Washington Post, has there been any counterfactual impact on how the Washington Post has run as a result? I doubt it. But you know, when Musk takes over Twitter, I guess it's a much more expensive purchase. We'll see what the influence is negative or positive. But it's certainly different than what Twitter otherwise would have been. So control over media, it's, I guess it's a bigger meme now. Let me just take a digression and ask about open source for a second. So based on your experience studying these open source projects, do you find the theory that Homer and Shakespeare were basically container words for these open source repositories that stretched out through centuries? Do you find that more plausible now, rather than them being individuals, of course? Do you find that more plausible now, given your, given your study of open source? Sorry, what did? Nadia Asparouhova 0:16:49Less plausible. What did? Dwarkesh Patel 0:16:51Oh, okay. So the idea is that they weren't just one person. It was just like a whole bunch of people throughout a bunch of centuries who composed different parts of each story or composed different stories. Nadia Asparouhova 0:17:02The Nicholas Berbaki model, same concept of, you know, a single mathematician who's actually comprised of like lots of different. I think it's actually the opposite would be sort of my conclusion. We think of open source as this very like collective volunteer effort. And I think, use that as an excuse to not really contribute back to open source or not really think about like how open source projects are maintained. Because we were like, you know, you kind of have this bystander effect where you're like, well, you know, someone's taking care of it. It's volunteer oriented. Like, of course, there's someone out there taking care of it. But in reality, it actually turns out it is just one person. So maybe it's a little bit more like a Wizard of Oz type model. It's actually just like one person behind the curtain that's like, you know, doing everything. And you see this huge, you know, grandeur and you think there must be so many people that are behind it. It's one person. Yeah, and I think that's sort of undervalued. I think a lot of the rhetoric that we have about open source is rooted in sort of like early 2000s kind of starry eyed idea about like the power of the internet and the idea of like crowdsourcing and Wikipedia and all this stuff. And then like in reality, like we kind of see this convergence from like very broad based collaborative volunteer efforts to like narrowing down to kind of like single creators. And I think a lot of like, you know, single creators are the people that are really driving a lot of the internet today and a lot of cultural production. Dwarkesh Patel 0:18:21Oh, that's that's super fascinating. Does that in general make you more sympathetic towards the lone genius view of accomplishments in history? Not just in literature, I guess, but just like when you think back to how likely is it that, you know, Newton came up with all that stuff on his own versus how much was fed into him by, you know, the others around him? Nadia Asparouhova 0:18:40Yeah, I think so. I feel I've never been like a big, like, you know, great founder theory kind of person. I think I'm like, my true theory is, I guess that ideas are maybe some sort of like sentient, like, concept or virus that operates outside of us. And we are just sort of like the vessels through which like ideas flow. So in that sense, you know, it's not really about any one person, but I do think I think I tend to lean like in terms of sort of like, where does creative, like, creative effort come from? I do think a lot of it comes much more from like a single individual than it does from with some of the crowds. But everything just serves like different purposes, right? Like, because I think like, within open source, it's like, not all of open source maintenance work is creative. In fact, most of it is pretty boring and dredgerous. And that's the stuff that no one wants to do. And that, like, one person kind of got stuck with doing and that's really different from like, who created a certain open source projects, which is a little bit more of that, like, creative mindset. Dwarkesh Patel 0:19:44Yeah, yeah, that's really interesting. Do you think more projects in open source, so just take a popular repository, on average, do you think that these repositories would be better off if, let's say a larger percentage of them where pull requests were closed and feature requests were closed? You can look at the code, but you can't interact with it or its creators anyway? Should more repositories have this model? Yeah, I definitely think so. I think a lot of people would be much happier that way. Yeah, yeah. I mean, it's interesting to think about the implications of this for other areas outside of code, right? Which is where it gets really interesting. I mean, in general, there's like a discussion. Sorry, go ahead. Yeah. Nadia Asparouhova 0:20:25Yeah, I mean, that's basically what's for the writing of my book, because I was like, okay, I feel like whatever's happening open source right now, you start with this idea that like democracy is green, and like, we should have tons and tons of people participating, tons of people participate, and then it turns out that like, most participation is actually just noise and not that useful. And then it ends up like scaring everyone away. And in the end, you just have like, you know, one or a small handful of people that are actually doing all the work while everyone else is kind of like screaming around them. And this becomes like a really great metaphor for what happens in social media. And the reason I wrote, after I wrote the book, I went and worked at Substack. And, you know, part of it was because I was like, I think the model is kind of converging from like, you know, Twitter being this big open space to like, suddenly everyone is retreating, like, the public space is so hostile that everyone must retreat into like, smaller private spaces. So then, you know, chats became a thing, Substack became a thing. And yeah, I just feel sort of like realistic, right? Dwarkesh Patel 0:21:15That's really fascinating. Yeah, the Straussian message in that book is very strong. But in general, there's, when you're thinking about something like corporate governance, right? There's a big question. And I guess even more interestingly, when you think if you think DAOs are going to be a thing, and you think that we will have to reinvent corporate governance from the ground up, there's a question of, should these be run like monarchy? Should they be sort of oligarchies where the board is in control? Should they be just complete democracies where everybody gets one vote on what you do at the next, you know, shareholder meeting or something? And this book and that analysis is actually pretty interesting to think about. Like, how should corporations be run differently, if at all? What does it inform how you think the average corporation should be run? Nadia Asparouhova 0:21:59Yeah, definitely. I mean, I think we are seeing a little bit, I'm not a corporate governance expert, but I do feel like we're seeing a little of this like, backlash against, like, you know, shareholder activism and like, extreme focus on sort of like DEI and boards and things like that. And like, I think we're seeing a little bit of people starting to like take the reins and take control again, because they're like, ah, that doesn't really work so well, it turns out. I think DAOs are going to learn this hard lesson as well. It's still maybe just too early to say what is happening in DAOs right now. But at least the ones that I've looked at, it feels like there is a very common failure mode of people saying, you know, like, let's just have like, let's have this be super democratic and like, leave it to the crowd to kind of like run this thing and figure out how it works. And it turns out you actually do need a strong leader, even the beginning. And this, this is something I learned just from like, open source projects where it's like, you know, very rarely, or if at all, do you have a strong leader? If at all, do you have a project that starts sort of like leaderless and faceless? And then, you know, usually there is some strong creator, leader or influential figure that is like driving the project forward for a certain period of time. And then you can kind of get to the point when you have enough of an active community that maybe that leader takes a step back and lets other people take over. But it's not like you can do that off day one. And that's sort of this open question that I have for, for crypto as an industry more broadly, because I think like, if I think about sort of like, what is defining each of these generations of people that are, you know, pushing forward new technological paradigms, I mentioned that like Wall Street finance mindset is very focused on like globalism and on this sort of like efficiency quantitative mindset. You have the tech Silicon Valley Y company or kind of generation that is really focused on top talent. And the idea this sort of like, you know, founder mindset, the power of like individuals breaking institutions, and then you have like the crypto mindset, which is this sort of like faceless leaderless, like governed by protocol and by code mindset, which is like intriguing to me. But I have a really hard time squaring it with seeing like, in some sense, open source was the experiment that started playing out, you know, 20 years before then. And some things are obviously different in crypto, because tokenization completely changes the incentive system for contributing and maintaining crypto projects versus like traditional open source projects. But in the end, also like humans are humans. And like, I feel like there are a lot of lessons to be learned from open source of like, you know, they also started out early on as being very starry eyed about the power of like, hyper democratic regimes. And it turned out like, that just like doesn't work in practice. And so like, how is CryptoGhost or like Square that? I'm just, yeah, very curious to see what happened. Dwarkesh Patel 0:24:41Yeah, super fascinating. That raises an interesting question, by the way, you've written about idea machines, and you can explain that concept while you answer this question. But do you think that movements can survive without a charismatic founder who is both alive and engaged? So once Will McCaskill dies, would you be shorting effective altruism? Or if like Tyler Cowen dies, would you be short progress studies? Or do you think that, you know, once you get a movement off the ground, you're like, okay, I'm gonna be shorting altruism. Nadia Asparouhova 0:25:08Yeah, I think that's a good question. I mean, like, I don't think there's some perfect template, like each of these kind of has its own sort of unique quirks and characteristics in them. I guess, yeah, back up a little bit. Idea machines is this concept I have around what the transition from we were talking before about, so like traditional 5.1c3 foundations as vehicles for philanthropy, what does the modern version of that look like that is not necessarily encoded in institution? And so I had this term idea machines, which is sort of this different way of thinking about like, turning ideas into outcomes where you have a community that forms around a shared set of values and ideas. So yeah, you mentioned like progress studies is an example of that, or effective altruism example, eventually, that community gets capitalized by some funders, and then it starts to be able to develop an agenda and then like, actually start building like, you know, operational outcomes and like, turning those ideas into real world initiatives. And remind me of your question again. Dwarkesh Patel 0:26:06Yeah, so once the charismatic founder dies of a movement, is a movement basically handicapped in some way? Like, maybe it'll still be a thing, but it's never going to reach the heights it could have reached if that main guy had been around? Nadia Asparouhova 0:26:20I think there are just like different shapes and classifications of like different, different types of communities here. So like, and I'm just thinking back again to sort of like different types of open source projects where it's not like they're like one model that fits perfectly for all of them. So I think there are some communities where it's like, yeah, I mean, I think effective altruism is maybe a good example of that where, like, the community has grown so much that I like if all their leaders were to, you know, knock on wood, disappear tomorrow or something that like, I think the movement would still keep going. There are enough true believers, like even within the community. And I think that's the next order of that community that like, I think that would just continue to grow. Whereas you have like, yeah, maybe it's certain like smaller or more nascent communities that are like, or just like communities that are much more like oriented around, like, a charismatic founder that's just like a different type where if you lose that leader, then suddenly, you know, the whole thing falls apart because they're much more like these like cults or religions. And I don't think it makes one better, better or worse. It's like the right way to do is probably like Bitcoin, where you have a charismatic leader for life because that leader is more necessarily, can't go away, can't ever die. But you still have the like, you know, North Stars and like that. Dwarkesh Patel 0:27:28Yeah. It is funny. I mean, a lot of prophets have this property of you're not really sure what they believed in. So people with different temperaments can project their own preferences onto him. Somebody like Jesus, right? It's, you know, you can be like a super left winger and believe Jesus did for everything you believe in. You can be a super right winger and believe the same. Yeah. Go ahead. Nadia Asparouhova 0:27:52I think there's value in like writing cryptically more. Like I think about like, I think Curtis Yarvin has done a really good job of this where, you know, intentionally or not, but because like his writing is so cryptic and long winded. And like, it's like the Bible where you can just kind of like pour over endlessly being like, what does this mean? What does this mean? And in a weird, you know, you're always told to write very clearly, you're told to write succinctly, but like, it's actually in a weird way, you can be much more effective by being very long winded and not obvious in what you're saying. Dwarkesh Patel 0:28:20Yes, which actually raises an interesting question that I've been wondering about. There have been movements, I guess, if I did altruism is a good example that have been focused on community building in a sort of like explicit way. And then there's other movements where they have a charismatic founder. And moreover, this guy, he doesn't really try to recruit people. I'm thinking of somebody like Peter Thiel, for example, right? He goes on, like once every year or two, he'll go on a podcast and have this like really cryptic back and forth. And then just kind of go away in a hole for a few months or a few years. And I'm curious, which one you think is more effective, given the fact that you're not really competing for votes. So absolute number of people is not what you care about. It's not clear what you care about. But you do want to have more influence among the elites who matter in like politics and tech as well. So anyways, which just your thoughts on those kinds of strategies, explicitly trying to community build versus just kind of projecting out there in a sort of cryptic way? Nadia Asparouhova 0:29:18Yeah, I mean, I definitely being somewhat cryptic myself. I favor the cryptic methodology. But I mean, yeah, I mean, you mentioned Peter Thiel. I think like the Thielverse is probably like the most, like one of the most influential things. In fact, that is hard. It is partly so effective, because it is hard to even define what it is or wrap your head around that you just know that sort of like, every interesting person you meet somehow has some weird connection to, you know, Peter Thiel. And it's funny. But I think this is sort of that evolution from the, you know, 5163 Foundation to the like idea machine implicit. And that is this this switch from, you know, used to start the, you know, Nadia Asparova Foundation or whatever. And it was like, you know, had your name on it. And it was all about like, what do I as a funder want to do in the world, right? And you spend all this time doing this sort of like classical, you know, research, going out into the field, talking to people and you sit and you think, okay, like, here's a strategy I'm going to pursue. And like, ultimately, it's like, very, very donor centric in this very explicit way. And so within traditional philanthropy, you're seeing this sort of like, backlash against that. In like, you know, straight up like nonprofit land, where now you're seeing the locus of power moving from being very donor centric to being sort of like community centric and people saying like, well, we don't really want the donors telling us what to do, even though it's also their money. Like, you know, instead, let's have this be driven by the community from the ground up. That's maybe like one very literal reaction against that, like having the donor as sort of the central power figure. But I think idea machines are kind of like the like, maybe like the more realistic or effective answer in that like, the donor is still like without the presence of a funder, like, community is just a community. They're just sitting around and talking about ideas of like, what could possibly happen? Like, they don't have any money to make anything happen. But like, I think like really effective funders are good at being sort of like subtle and thoughtful about like, like, you know, no one wants to see like the Peter Thiel foundation necessarily. That's just like, it's so like, not the style of how it works. But you know, you meet so many people that are being funded by the same person, like just going out and sort of aggressively like arming the rebels is a more sort of like, yeah, just like distributed decentralized way of thinking about like spreading one's power, instead of just starting a fund. Instead of just starting a foundation. Dwarkesh Patel 0:31:34Yeah, yeah. I mean, even if you look at the life of influential politicians, somebody like LBJ, or Robert Moses, it's how much of it was like calculated and how much of it was just like decades of building up favors and building up connections in a way that had no definite and clear plan, but it just you're hoping that someday you can call upon them and sort of like Godfather way. Yeah. Yeah, that's interesting. And by the way, this is also where your work on open source comes in, right? Like, there's this idea that in the movement, you know, everybody will come in with their ideas, and you can community build your way towards, you know, what should be funded. And, yeah, I'm inclined to believe that it's probably like a few people who have these ideas about what should be funded. And the rest of it is either just a way of like building up engagement and building up hype. Or, or I don't know, or maybe just useless, but what are your thoughts on it? Nadia Asparouhova 0:32:32You know, I decided I was like, I am like, really very much a tech startup person and not a crypto person, even though I would very much like to be fun, because I'm like, ah, this is the future. And there's so many interesting things happening. And I'm like, for the record, not at all like down in crypto, I think it is like the next big sort of movement of things that are happening. But when I really come down to like the mindset, it's like I am so in that sort of like, top talent founder, like power of the individual to break institutions mindset, like that just resonates with me so much more than the like, leaderless, faceless, like, highly participatory kind of thing. And again, like I am very open to that being true, like I maybe I'm so wrong on that. I just like, I have not yet seen evidence that that works in the world. I see a lot of rhetoric about how that could work or should work. We have this sort of like implicit belief that like, direct democracy is somehow like the greatest thing to aspire towards. But like, over and over we see evidence that like that doesn't that just like doesn't really work. It doesn't mean we have to throw out the underlying principles or values behind that. Like I still really believe in meritocracy. I really believe in like access to opportunity. I really believe in like pursuit of happiness. Like to me, those are all like very like American values. But like, I think that where that breaks is the idea that like that has to happen through these like highly participatory methods. I just like, yeah, I haven't seen really great evidence of that being that working. Dwarkesh Patel 0:33:56What does that imply about how you think about politics or at least political structures? You think it would you you elect a mayor, but like, just forget no participation. He gets to do everything he wants to do for four years and you can get rid of in four years. But until then, no community meetings. Well, what does that imply about how you think cities and states and countries should be run? Nadia Asparouhova 0:34:17Um, that's a very complicated thoughts on that. I mean, I, I think it's also like, everyone has the fantasy of when it'd be so nice if there were just one person in charge. I hate all this squabbling. It would just be so great if we could just, you know, have one person just who has exactly the views that I have and put them in charge and let them run things. That would be very nice. I just, I do also think it's unrealistic. Like, I don't think I'm, you know, maybe like modernity sounds great in theory, but in practice just doesn't like I really embrace and I think like there is no perfect governance design either in the same way that there's no perfect open source project designer or whatever else we're talking about. Um, uh, like, yeah, it really just depends like what is like, what is your population comprised of? There are some very small homogenous populations that can be very easily governed by like, you know, a small government or one person or whatever, because there isn't that much dissent or difference. Everyone is sort of on the same page. America is the extreme opposite in that angle. And I'm always thinking about America because like, I'm American and I love America. But like, everyone is trying to solve the governance question for America. And I think like, yeah, I don't know. I mean, we're an extremely heterogeneous population. There are a lot of competing world views. I may not agree with all the views of everyone in America, but like I also, like, I don't want just one person that represents my personal views. I would focus more like effectiveness in governance than I would like having like, you know, just one person in charge or something that like, I don't mind if someone disagrees with my views as long as they're good at what they do, if that makes sense. So I think the questions are like, how do we improve the speed at which like our government works and the efficacy with which it works? Like, I think there's so much room to be made room for improvement there versus like, I don't know how much like I really care about like changing the actual structure of our government. Dwarkesh Patel 0:36:27Interesting. Going back to open source for a second. Why do these companies release so much stuff in open source for free? And it's probably literally worth trillions of dollars of value in total. And they just release it out and free and many of them are developer tools that other developers use to build competitors for these big tech companies that are releasing these open source tools. Why did they do it? What explains it? Nadia Asparouhova 0:36:52I mean, I think it depends on the specific project, but like a lot of times, these are projects that were developed internally. It's the same reason of like, I think code and writing are not that dissimilar in this way of like, why do people spend all this time writing, like long posts or papers or whatever, and then just release them for free? Like, why not put everything behind a paywall? And I think the answer is probably still in both cases where like mindshare is a lot more interesting than, you know, your literal IP. And so, you know, you put out, you write these like long reports or you tweet or whatever, like you spend all this time creating content for free and putting it out there because you're trying to capture mindshare. Same thing with companies releasing open source projects. Like a lot of times they really want like other developers to come in and contribute to them. They want to increase their status as like an open source friendly kind of company or company or show like, you know, here's the type of code that we write internally and showing that externally. They want to like recruiting is, you know, the hardest thing for any company, right? And so being able to attract the right kinds of developers or people that, you know, might fit really well into their developer culture just matters a lot more. And they're just doing that instead of with words or doing that with code. Dwarkesh Patel 0:37:57You've talked about the need for more idea machines. You're like dissatisfied with the fact that effective altruism is a big game in town. Is there some idea or nascent movement where I mean, other than progress ideas, but like something where you feel like this could be a thing, but it just needs some like charismatic founder to take it to the next level? Or even if it doesn't exist yet, it just like a set of ideas around this vein is like clearly something there is going to exist. You know what I mean? Is there anything like that that you notice? Nadia Asparouhova 0:38:26I only had a couple of different possibilities in that post. Yeah, I think like the progress sort of meme is probably the largest growing contender that I would see right now. I think there's another one right now around sort of like the new right. That's not even like the best term necessarily for it, but there's sort of like a shared set of values there that are maybe starting with like politics, but like ideally spreading to like other areas of public influence. So I think like those are a couple of like the bigger movements that I see right now. And then there's like smaller stuff too. Like I mentioned, like tools for thought in that post where like that's never going to be a huge idea machine. But it's one where you have a lot of like interesting, talented people that are thinking about sort of like future of computing. And until maybe more recently, like there just hasn't been a lot of funding available and the funding is always really uneven and unpredictable. And so that's to me an example of like, you know, a smaller community that like just needs that sort of like extra influx to turn a bunch of abstract ideas into practice. But yeah, I mean, I think like, yeah, there's some like the bigger ones that I see right now. I think there is just so much more potential to do more, but I wish people would just think a little bit more creatively because, yeah, I really do think like effective altruism kind of becomes like the default option for a lot of people. Then they're kind of vaguely dissatisfied with it and they don't like think about like, well, what do I actually really care about in the world and how do I want to put that forward? Dwarkesh Patel 0:39:53Yeah, there's also the fact that effective altruism has this like very fit memeplex in the sense that it's like a polytheistic religion where if you have a cause area, then you don't have your own movement. You just have a cause area within our broader movement, right? It just like adopts your gods into our movement. Nadia Asparouhova 0:40:15Yeah, that's the same thing I see like people trying to lobby for effective altruism to care about their cause area, but then it's like you could just start a separate. Like if you can't get EA to care about, then why not just like start another one somewhere else? Dwarkesh Patel 0:40:28Yeah, so, you know, it's interesting to me that the wealth boom in Silicon Valley and then tech spheres has led to the sound growth of philanthropy, but that hasn't always been the case. Even in America, like a lot of people became billionaires after energy markets were deregulated in the 80s and the 90s. And then there wasn't, and obviously the hub of that was like the Texas area or, you know, and as far as I'm aware, there wasn't like a boom of philanthropy motivated by the ideas that people in that region had. What's different about Silicon Valley? Why are they, or do you actually think that these other places have also had their own booms of philanthropic giving? Nadia Asparouhova 0:41:11I think you're right. Yeah, I would make the distinction between like being wealthy is not the same as being elite or whatever other term you want to use there. And so yeah, there are definitely like pockets of what's called like more like local markets of wealth, like, yeah, Texas oil or energy billionaires that tend to operate kind of just more in their own sphere. And a lot of, if you look at any philanthropic, like a lot of them will be philanthropically active, but they only really focus on their geographic area. But there's sort of this difference. And I think this is part of where it comes from the question of like, you know, like what forces someone to actually like do something more public facing with their power. And I think that comes from your power being sort of like threatened. That's like one aspect I would say of that. So like tech has only really become a lot more active in the public sphere outside of startups after the tech backlash of the mid 2010s. And you can say a similar thing kind of happened with the Davos elite as well. And also for the Gilded Age cohort of wealth. And so yeah, when you have sort of, you're kind of like, you know, building in your own little world. And like, you know, we had literally like Silicon Valley where everyone was kind of like sequestered off and just thinking about startups and thinking themselves of like, tech is essentially like an industry, just like any other sort of, you know, entertainment or whatever. And we're just kind of happy building over here. And then it was only when sort of like the Panopticon like turned its head towards tech and started and they had this sort of like onslaught of critiques coming from sort of like mainstream discourse where they went, oh, like what is my place in this world? And, you know, if I don't try to like defend that, then I'm going to just kind of, yeah, we're going to lose all that power. So I think that that need to sort of like defend one's power can kind of like prompt that sort of action. The other aspect I'd highlight is just like, I think a lot of elites are driven by these like technological paradigm shifts. So there's this scholar, Carlotta Perrins, who writes about technological revolutions and financial capital. And she identifies like a few different technological revolutions over the last, whatever, hundred plus years that like drove this cycle of, you know, a new technology is invented. It's people are kind of like working on it in this smaller industry sort of way. And then there is some kind of like crazy like public frenzy and then like a backlash. And then from after that, then you have this sort of like focus on public institution building. But she really points out that like not all technology fits into that. Like, not all technology is a paradigm shift. Sometimes technology is just technology. And so, yeah, I think like a lot of wealth might just fall into that category. My third example, by the way, is the Koch family because you had, you know, the Koch brothers, but then like their father was actually the one who like kind of initially made their wealth, but was like very localized in sort of like how he thought about philanthropy. He had his own like, you know, family foundation was just sort of like doing that sort of like, you know, Texas billionaire mindset that we're talking about of, you know, I made a bunch of money. I'm going to just sort of like, yeah, do my local funder activity. It was only the next generation of his children that then like took that wealth and started thinking about like how do we actually like move that onto like a more elite stage and thinking about like their influence in the media. But like you can see there's like two clear generations within the same family. Like one has this sort of like local wealth mindset and one of them has the more like elite wealth mindset. And yeah, you can kind of like ask yourself, why did that switch happen? But yeah, it's clearly about more than just money. It's also about intention. Dwarkesh Patel 0:44:51Yeah, that's really interesting. Well, it's interesting because there's, if you identify the current mainstream media as affiliated with like that Davos aristocratic elite, or maybe not aristocratic, but like the Davos groups. Yeah, exactly. There is a growing field of independent media, but you would not identify somebody like Joe Rogan as in the Silicon Valley sphere, right? So there is a new media. I just, I guess these startup people don't have that much influence over them yet. And they feel like, yeah. Nadia Asparouhova 0:45:27I think they're trying to like take that strategy, right? So you have like a bunch of founders like Palmer Luckey and Mark Zuckerberg and Brian Armstrong and whoever else that like will not really talk to mainstream media anymore. They will not get an interview to the New York Times, but they will go to like an individual influencer or an individual creator and they'll do an interview with them. So like when Mark Zuckerberg announced Meta, like he did not get grant interviews to mainstream publications, but he went and talked to like Ben Thompson at Strategory. And so I think there is like, it fits really well with that. Like probably mindset of like, we're not necessarily institution building. We're going to like focus on power of individuals who sort of like defy institutions. And that is kind of like an open question that I have about like, what will the long term influence of the tech elite look like? Because like, yeah, the human history tells us that eventually all individual behaviors kind of get codified into institutions, right? But we're obviously living in a very different time now. And I think like the way that the Davos elite managed to like really codify and extend their influence across all these different sectors was by taking that institutional mindset and, you know, like thinking about sort of like academic institutions and media institutions, all that stuff. If the startup mindset is really inherently like anti-institution and says like, we don't want to build the next Harvard necessarily. We just want to like blow apart the concept of universities whatsoever. Or, you know, we don't want to create a new CNN or a new Fox News. We want to just like fund like individual creators to do that same sort of work, but in this very decentralized way. Like, will that work long term? I don't know. Like, is that just sort of like a temporary state that we're in right now where no one really knows what the next institutions will look like? Or is that really like an important part of this generation where like, we shouldn't be asking the question of like, how do you build a new media network? We should just be saying like, the answer is there is no media network. We just go to like all these individuals instead. Dwarkesh Patel 0:47:31Yeah, that's interesting. What do you make of this idea that I think, let's say, that these idea machines might be limited by the fact that if you're going to start some sort of organization in them, you're very much depending on somebody who has made a lot of money independently to fund you and to grant you approval. And I just have a hard time seeing somebody who is like a Napoleon-like figure being willing long term to live under that arrangement. And that so there'll just be the people who are just have this desire to dominate and be recognized who are probably pretty important to any movement you want to create. They'll just want to go off and just like build a company or something that gives them an independent footing first. And they just won't fall under any umbrella. You know what I mean? Nadia Asparouhova 0:48:27Yeah, I mean, like Dustin Moskovitz, for example, has been funding EA for a really long time and hasn't hasn't walked away necessarily. Yeah. I mean, on the flip side, you can see like SPF carried a lot of a lot of risk because it's your point, I guess, like, you know, you end up relying on this one funder, the one funder disappears and everything else kind of falls apart. I mean, I think like, I don't have any sort of like preciousness attached to the idea of like communities, you know, lasting forever. I think this is like, again, if we're trying to solve for the problem of like what did not work well about 5.1c3 foundations for most of recent history, like part of it was that they're, you know, just meant to live on to perpetuity. Like, why do we still have like, you know, Rockefeller Foundation, there are now actually many different Rockefeller Foundations, but like, why does that even exist? Like, why did that money not just get spent down? And actually, when John D. Rockefeller was first proposing the idea of foundations, he wanted them to be like, to have like a finite end state. So he wanted them to last only like 50 years or 100 years when he was proposing this like federal charter, but that federal charter failed. And so now we have these like state charters and foundations can just exist forever. But like, I think if we want to like improve upon this idea of like, how do we prevent like meritocratic elites from turning into aristocratic elites? How do we like, yeah, how do we actually just like try to do a lot of really interesting stuff in our lifetimes? It's like a very, it's very counterintuitive, because you think about like, leaving a legacy must mean like creating institutions or creating a foundation that lasts forever. And, you know, 200 years from now, there's still like the Nadia Asparuva Foundation out there. But like, if I really think about it, it's like, I would almost rather just do really, really, really good, interesting work in like, 50 years or 20 years or 10 years, and have that be the legacy versus your name kind of getting, you know, submerged over a century of institutional decay and decline. So yeah, I don't like if you know, you have a community that lasts for maybe only last 10 years or something like that, and it's funded for that amount of time, and then it kind of elbows its usefulness and it winds down or becomes less relevant. Like, I don't necessarily see it as a bad thing. Of course, like in practice, you know, nothing ever ends that that neatly and that quietly. But, but yeah, I don't think that's a bad thing. Dwarkesh Patel 0:50:44Yeah, yeah. Who are some ethnographers or sociologists from a previous era that have influenced your work? So was there somebody writing about, you know, what it was like to be in a Roman Legion? Or what it was like to work in a factory floor? And you're like, you know what, I want to do that for open source? Or I want to do that for the New Tech Elite? Nadia Asparouhova 0:51:02For open source, I was definitely really influenced by Jane Jacobs and Eleanor Ostrom. I think both had this quality of, so yeah, Eleanor Ostrom was looking at examples of common pool resources, like fisheries or forests or whatever. And just like, going and visiting them and spending a lot of time with them and then saying like, actually, I don't think tragedy of the commons is like a real thing, or it's not the only outcome that we can possibly have. And so sometimes commons can be managed, like perfectly sustainably. And it's not necessarily true that everyone just like treats them very extractively. And just like wrote about what she saw. And same with Jane Jacobs sort of looking at cities as someone who lives in one, right? Like she didn't have any fancy credentials or anything like that. She was just like, I live in the city and I'm looking around and this idea of like, top down urban planning, where you have like someone trying to design this perfect city that like, doesn't change and doesn't yield to its people. It just seems completely unrealistic. And the style that both of them take in their writing is very, it just it starts from them just like, observing what they see and then like, trying to write about it. And I just, yeah, that's, that's the style that I really want to emulate. Dwarkesh Patel 0:52:12Interesting. Nadia Asparouhova 0:52:13Yeah. I think for people to just be talking to like, I don't know, like Chris just like just talking to like open source developers, turns out you can learn a lot more from that than just sitting around like thinking about what open source developers might be thinking about. But... Dwarkesh Patel 0:52:25I have this, I have had this idea of not even for like writing it out loud, but just to understand how the world works. Just like shadowing people who are in just like a random position, they don't have to be a lead in any way, but just like a person who's the personal assistant to somebody influential, how to decide whose emails they forward, how they decide what's the priority, or somebody who's just like an accountant for a big company, right? It's just like, what is involved there? Like, what kinds of we're gonna, you know what I mean? Just like, random people, the line manager at the local factory. I just have no idea how these parts of the world work. And I just want to like, yeah, just shadow them for a day and see like, what happens there. Nadia Asparouhova 0:53:05This is really interesting, because everyone else focuses on sort of like, you know, the big name figure or whatever, but you know, who's the actual gatekeeper there? But yeah, I mean, I've definitely found like, if you just start cold emailing people and talking to them, people are often like, surprisingly, very, very open to being talked to because I don't know, like, most people do not get asked questions about what they do and how they think and stuff. So, you know, you want to realize that dream. Dwarkesh Patel 0:53:33So maybe I'm not like John Rockefeller, and that I only want my organization to last for 50 years. I'm sure you've come across these people who have this idea that, you know, I'll let my money compound for like 200 years. And if it just compounds at some reasonable rate, I'll be, it'll be like the most wealthy institution in the world, unless somebody else has the same exact idea. If somebody wanted to do that, but they wanted to hedge for the possibility that there's a war or there's a revolt, or there's some sort of change in law that draws down this wealth. How would you set up a thousand year endowment, basically, is what I'm asking, or like a 500 year endowment? Would you just put it in like a crypto wallet with us? And just, you know what I mean? Like, how would you go about that organizationally? How would you like, that's your goal? I want to have the most influence in 500 years. Nadia Asparouhova 0:54:17Well, I'd worry much less. The question for me is not about how do I make sure that there are assets available to distribute in a thousand years? Because I don't know, just put in stock marketers. You can do some pretty boring things to just like, you know, ensure your assets grow over time. The more difficult question is, how do you ensure that whoever is deciding how to distribute the funds, distributes them in a way that you personally want them to be spent? So Ford Foundation is a really interesting example of this, where Henry Ford created a Ford Foundation shortly before he died, and just pledged a lot of Ford stock to create this foundation and was doing it basically for tax reasons, had no philanthropic. It's just like, this is what we're doing to like, house this wealth over here. And then, you know, passed away, son passed away, and grandson ended up being on the board. But the board ended up being basically like, you know, a bunch of people that Henry Ford certainly would not have ever wanted to be on his board. And so, you know, and you end up seeing like, the Ford Foundation ended up becoming huge influential. I like, I have received money from them. So it's not at all an indictment of sort of like their views or anything like that. It's just much more of like, you know, you had the intent of the original donor, and then you had like, who are all these people that like, suddenly just ended up with a giant pool of capital and then like, decided to spend it however they felt like spending it and the grandson at the time sort of like, famously resigned because he was like, really frustrated and was just like, this is not at all what my family wanted and like, basically like, kicked off the board. So anyway, so that is the question that I would like figure out if I had a thousand year endowment is like, how do I make sure that whomever manages that endowment actually shares my views? One, shares my views, but then also like, how do I even know what we need to care about in a thousand years? Because like, I don't even know what the problems are in a thousand years. And this is why like, I think like, very long term thinking can be a little bit dangerous in this way, because you're sort of like, presuming that you know what even matters then. Whereas I think like, figure out the most impactful things to do is just like, so contextually dependent on like, what is going on at the time. So I can't, I don't know. And there are also foundations where you know, the donor like, writes in the charter like, this money can only be spent on you know, X cause or whatever, but then it just becomes really awkward over time because
En este podcast analizo la figura de John Rockefeller, las luces y sombras de un excelente inversor y emprendedor. Hay mucho que puedes aprender de él.Si te interesa conocer más sobre Rockefeller, te recomiendo que leas este libro:
For his 80th birthday, Scott had bookmark cards printed that listed truths to live by that he gave as gifts to family and friends. Included are sayings from John Rockefeller and Scott's own remarkable life as a rancher, COO of Fuller Brush Company, father of 6 children, and grandfather of many. See if you don't find his stories as delightful as we did!
Ida Tarbell foi pioneira do jornalismo investigativo e foi responsável por acabar com o monopólio da maior refinaria de petróleo do mundo através de suas reportagens. Americana, nascida em 1857, ano de uma grande crise econômica, Ida Tarbell cresceu durante o auge da corrida do petróleo na Pensilvânia, seu estado natal. No início da década de 1880, começou a trabalhar como jornalista, além de ter escrito improtantes biografias sobre figuras como Napoleão e Lincoln. Ela acreditava que "a verdade e as motivações de pessoas poderosas poderiam ser descobertas" e transmitidas de uma forma “que traria transformações sociais significativas”. Foi com isso em mente que Tarbell escreveu sua obra mais importante: “The History of Standard Oil Company”, expondo os pecados da empresa mais poderosa do mundo e do seu fundador, John Rockefeller. Muitos especialistas consideram que Ida Tarbell inventou o jornalismo investigativo ao escrever esse livro, usando de técnicas inéditas como pesquisa em inúmeros documentos e entrevistas com dezenas de funcionários e pessoas relacionadas à empresa. Seu livro, um best-seller, passou a ser considerado uma das obras mais influentes dos Estados Unidos por ter ajudado a acabar com o monopólio da Standard Oil; os impactos sociais de seu livro foram fortíssimos, tendo acelerado a criação e assinatura de quatro leis que visavam proibir monopólios, além de regular os preços do petróleo e as taxas ferroviárias. Tarbell fundou sua própria revista e passou o resto da vida viajando pelos Estados Unidos dando palestras sobre temas políticos e socioeconômicos, além de ter escrito uma série de outros livros importantes e de ter colaborado com os presidentes Woodrow Wilson e Warren Harding durante seus governos. Ida Tarbell morreu em 1944, um dia após completar 87 anos.
Before the war on drugs picked up much steam in the United States, the war on Cannabis had to be built from scratch. In this episode, I trace the war on drugs back to pre-1900s roots, including the interests of John Rockefeller, Andrew Carnegie, Andrew Mellon, Lammot Dupont II, Harry Anslinger, Henry Ford and hemp farmers nation wide. I cover the outlawing of hemp farming, the industrial conspiracy to monopolize the use of petroleum-based products, the capitalistic roots of the war on drugs, and the use of racism by early war-engineers to garner support from the public. And in the process, we review some important US history.
Podcast: Invest Like the Best with Patrick O'Shaughnessy (LS 67 · TOP 0.05% what is this?)Episode: David Senra - Passion & Pain - [Invest Like the Best, EP.292]Pub date: 2022-08-30My guest today is David Senra. David has studied history's great founders and entrepreneurs in more depth than anyone I've ever met, and I'd wager more than anyone else alive. In this conversation, we cover many of the most common themes he's discovered studying hundreds of entrepreneurs like Estée Lauder, John Rockefeller, Enzo Ferrari, and Edwin Land. I found this to be one of the most energizing conversations I've had in a long time, and one I'll return to often. David's work and extraordinary energy aligns so well with our mission at Colossus that we're excited to partner with him. You'll soon be able to find his podcasts and transcripts at joincolossus.com where we hope you'll learn as much from him as we have. If you like this conversation, be sure to subscribe to David's podcast called Founders. Now onto our discussion. Please enjoy this great conversation with David Senra. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It's all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick. And until 2023 every Tegus license comes with complimentary access to BamSec by Tegus. ----- Today's episode is brought to you by Brex. Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:01] - [First question] - When he first fell in love with reading [00:07:01] - What's rooted in his own history that's made him obsessive about studying history's great entrepreneurs and founders - Founders Podcast [00:10:34] - The first time he connected with someone as a positive role model that he was reading about [00:13:45] - How often obsession is apparent in the founders he's studied across hundreds of biographies [00:18:08] - What is often behind obsession and how people listening can apply the lessons to their own lives [00:22:45] - The dynamic and relationship between inspiration and perspiration [00:27:11] - Commonalities between the layers of leadership and support underneath founders [00:31:52] - Where else he's seen ego rear its head in good and bad ways [00:38:34] - How often do great founders break the law or enter gray areas of it [00:41:22] - The role constant learning and listening plays in success [00:45:12] - Talking about how anything worth doing is worth doing to excess [00:52:18] - Describing the soul of founders and businesses [00:58:39] - What he's learned about all of these founders as it relates to marketing [01:04:38] - A common story that process is often art [01:08:10] - Who his idols are in podcasting specifically [01:14:55] - Major aspects of people he's studied that haven't been discussed yet [01:19:55] - The kindest thing anyone has ever done for himThe podcast and artwork embedded on this page are from Colossus | Investing & Business Podcasts, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
Podcast: Invest Like the Best with Patrick O'Shaughnessy (LS 67 · TOP 0.05% what is this?)Episode: David Senra - Passion & Pain - [Invest Like the Best, EP.292]Pub date: 2022-08-30My guest today is David Senra. David has studied history's great founders and entrepreneurs in more depth than anyone I've ever met, and I'd wager more than anyone else alive. In this conversation, we cover many of the most common themes he's discovered studying hundreds of entrepreneurs like Estée Lauder, John Rockefeller, Enzo Ferrari, and Edwin Land. I found this to be one of the most energizing conversations I've had in a long time, and one I'll return to often. David's work and extraordinary energy aligns so well with our mission at Colossus that we're excited to partner with him. You'll soon be able to find his podcasts and transcripts at joincolossus.com where we hope you'll learn as much from him as we have. If you like this conversation, be sure to subscribe to David's podcast called Founders. Now onto our discussion. Please enjoy this great conversation with David Senra. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It's all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick. And until 2023 every Tegus license comes with complimentary access to BamSec by Tegus. ----- Today's episode is brought to you by Brex. Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes[00:03:01] - [First question] - When he first fell in love with reading[00:07:01] - What's rooted in his own history that's made him obsessive about studying history's great entrepreneurs and founders - Founders Podcast[00:13:45] - How often obsession is apparent in the founders he's studied across hundreds of biographies [00:18:08] - What is often behind obsession and how people listening can apply the lessons to their own lives[00:22:45] - The dynamic and relationship between inspiration and perspiration [00:27:11] - Commonalities between the layers of leadership and support underneath founders[00:31:52] - Where else he's seen ego rear its head in good and bad ways [00:38:34] - How often do great founders break the law or enter gray areas of it [00:41:22] - The role constant learning and listening plays in success[00:45:12] - Talking about how anything worth doing is worth doing to excess [00:52:18] - Describing the soul of founders and businesses[00:58:39] - What he's learned about all of these founders as it relates to marketing [01:08:10] - Who his idols are in podcasting specifically [01:14:55] - Major aspects of people he's studied that haven't been discussed yet[01:19:55] - The kindest thing anyone has ever done for himThe podcast and artwork embedded on this page are from Colossus | Investing & Business Podcasts, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
Does society owe billionaires like Jeff Bezos, Bill Gates, and Elon Musk thanks ? Or do we owe them condemnation for stepping on the backs of the poor? Interestingly enough, these questions aren't new in American history. That's why Collin and J discuss John Rockefeller and his early American monopoly, Standard Oil, and examine how these titans of industry came to be so filthy rich. Is it morally acceptable for these capitalists to have so much money, and is society better off for it? Collin and J dig into the history so you can better understand today on The Loins of History. Support this podcast: https://anchor.fm/theloinsofhistory or https://www.patreon.com/theloinsofhistory Instagram: @loins_of_history Facebook: @loinsofhistory Twitter: @JLoinsofHistory @loinsofhistory Our opinions are our own and do not necessarily represent the opinions or policy of our employers. Anchor The Loins of History • A podcast on Anchor Current events lack historical context. We're here to fix that. Each week we'll dig deeper than the 24 hour news cycle to bring you the history behind the headlines. Covering economics, politics, religion, culture, war, and more, listening to this podcast will help you understand the context behind current events. Listen in and find out how today came from the Loins of History. Our opinions are our own and do not reflect the opinions or policy of our employers. https://anchor.fm/theloinsofhistory Patreon The Loins of History is creating Podcasts | Patreon Become a patron of The Loins of History today: Get access to exclusive content and experiences on the world's largest membership platform for artists and creators. --- Support this podcast: https://podcasters.spotify.com/pod/show/theloinsofhistory/support
My guest today is David Senra. David has studied history's great founders and entrepreneurs in more depth than anyone I've ever met, and I'd wager more than anyone else alive. In this conversation, we cover many of the most common themes he's discovered studying hundreds of entrepreneurs like Estée Lauder, John Rockefeller, Enzo Ferrari, and Edwin Land. I found this to be one of the most energizing conversations I've had in a long time, and one I'll return to often. David's work and extraordinary energy aligns so well with our mission at Colossus that we're excited to partner with him. You'll soon be able to find his podcasts and transcripts at joincolossus.com where we hope you'll learn as much from him as we have. If you like this conversation, be sure to subscribe to David's podcast called Founders. Now onto our discussion. Please enjoy this great conversation with David Senra. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It's all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick. And until 2023 every Tegus license comes with complimentary access to BamSec by Tegus. ----- Today's episode is brought to you by Brex. Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:01] - [First question] - When he first fell in love with reading [00:07:01] - What's rooted in his own history that's made him obsessive about studying history's great entrepreneurs and founders - Founders Podcast [00:10:34] - The first time he connected with someone as a positive role model that he was reading about [00:13:45] - How often obsession is apparent in the founders he's studied across hundreds of biographies [00:18:08] - What is often behind obsession and how people listening can apply the lessons to their own lives [00:22:45] - The dynamic and relationship between inspiration and perspiration [00:27:11] - Commonalities between the layers of leadership and support underneath founders [00:31:52] - Where else he's seen ego rear its head in good and bad ways [00:38:34] - How often do great founders break the law or enter gray areas of it [00:41:22] - The role constant learning and listening plays in success [00:45:12] - Talking about how anything worth doing is worth doing to excess [00:52:18] - Describing the soul of founders and businesses [00:58:39] - What he's learned about all of these founders as it relates to marketing [01:04:38] - A common story that process is often art [01:08:10] - Who his idols are in podcasting specifically [01:14:55] - Major aspects of people he's studied that haven't been discussed yet [01:19:55] - The kindest thing anyone has ever done for him
Where did today's Christian right come from? Why does Machen always have laser eyes these days, and was he really a bigot? Why were the Victorians so surprised to discover dinosaurs existed? In this episode we begin laying the groundwork for understanding the contemporary Christian right by tracking the past century or so of development. We discuss modernism, the social gospel, fundamentalism, and the emergence of evolution as a theological and political battleground. Some figures discussed include J. Gresham Machen, Harry Emerson Fosdick, Lyman Stewart, John Rockefeller, and more! Show notes: J. Gresham Machen: Warfield's Views Are “Black Republicanism” by Timothy Isaiah Cho J. Gresham Machen's racist 1913 letter and agenda (and a defense of Karl Barth) by Wyatt Houtz "Shall the Fundamentalists Win?" by Harry Emerson Fosdick --- To stay updated on our show, join our discord community: https://discord.gg/vJGM7T8aAp Check out all our links and social media here: linktr.ee/alltheragechristianpod Your support is appreciated at https://www.patreon.com/alltheragexian As always, intro/outro music is The Dweller on the Threshold by Nihilore
Bill W tells some of his story in this speak at the Oklahoma State Conference in Oklahoma City in May of 1951. Many of the speaks from Bill have to do with the creation of AA and its future, this one is much more personnel. Bill gets into his encounter with Ebby and the specifics of the conversation they had that started Bills journey to sobriety and creating AA. This ends abruptly as Bill is telling the story about how it was suggested he should contact John Rockefeller. This audio cleaned up really well, it is one of the best quality recordings of Bill I have heard. Email: sobercast@gmail.com Support Sober Cast: https://sobercast.com/donate We have added a page of meetings that have moved online https://sobercast.com/online-meetings Sober Cast has 1900+ episodes available, visit SoberCast.com to access all the episodes where you can easily find topics or specific speakers using tags or search.
Te traemos una frase de John Rockefeller sobre el miedo, así que no te pierdas ningún detalle aquí con Yordi en exa.
In this episode of Channeling History, we interview the spirit of the famous industrialist, John D. Rockefeller. He speaks of his life and his incredible acts of philanthropy.
On the last installment of this series, Rob and I discuss John Rockefeller's philanthropic giving as well as the lasting impact he made on business, none-profit organizations, and medical innovation. We tie up a few loose ends about Rockefeller, and give a summary of the John D. Rockefeller series. We would appreciate it if you would leave us a five star review on Spotify or apple podcasts! The plan is to eventually do trivia questions on twitter and give you a chance to be given a shout out at the end of the episode! This is still in the works, but hope to have this rolled out in the next few months. Website: https://prestigiousminds.captivate.fm (Prestigious Minds website) for news and updates Twitter: https://twitter.com/pmindspod (@pmindspod) Instagram: https://www.instagram.com/pmindspod/ (@pmindspod) Jeremiah DeWitt Copyright 2022 Jeremiah DeWitt
John Davison Rockefeller, homem de negócios rígido, astuto mas sem alma, embora fervoroso batista, o mais marcante e o mais rico dos grandes empresários norte-americanos do final do século XIX, morre em 23 de maio de 1937 em Ormond Beach, Flórida.Veja a matéria completa em: https://operamundi.uol.com.br/historia/29037/hoje-na-historia-1937-morre-o-megaempresario-norte-americano-john-rockefeller----Quer contribuir com Opera Mundi via PIX? Nossa chave é apoie@operamundi.com.br (Razão Social: Última Instancia Editorial Ltda.). Desde já agradecemos!Assinatura solidária: www.operamundi.com.br/apoio★ Support this podcast ★
John Rockefeller incarne le rêve américain. De condition modeste, il fonde un empire pétrolier et devient la première fortune mondiale, avec des méthodes controversées. Mention légales : Vos données de connexion, dont votre adresse IP, sont traités par Radio Classique, responsable de traitement, sur la base de son intérêt légitime, par l'intermédiaire de son sous-traitant Ausha, à des fins de réalisation de statistiques agréées et de lutte contre la fraude. Ces données sont supprimées en temps réel pour la finalité statistique et sous cinq mois à compter de la collecte à des fins de lutte contre la fraude. Pour plus d'informations sur les traitements réalisés par Radio Classique et exercer vos droits, consultez notre Politique de confidentialité.
Of all the self-made millionaires of the Gilded Age (and there were many, such as John Rockefeller, son of a literal snake oil salesman who became the world's first billionaire), nobody can rival bootstrapping tenacity of Cassie Chadwick. She was a drifter from Canada who set herself up as wife of a rich doctor in Cleveland before moving on to a much bigger con involving the richest man in the world, Andrew Carnegie. With little education, no financial training, and at a time when women didn't even have the vote, Cassie Chadwick (Elizabeth Bigley) moved up the chain of bankers, getting each banker to loan her more than the one before telling each one a simple lie, she was none other than the illegitimate daughter of Carnegie and she was due to inherit his entire fortune. By the time the police caught up to her she had wrecked the banking system of Cleveland, sending one unfortunate banker to his grave and causing the collapse of a major bank. When the trial was held it was a media event that pushed the trial of Teddy Roosevelt off the front pages with a climactic moment when Andrew Carnegie appeared to face his accuser. Cassie was eventually convicted but not before taking others with her and leaving a legacy as the biggest con woman in the United States only to be eclipsed by Charles Ponzi.Today's guest is William Hazelgrove, author of the book Greed in the Gilded Age: The Brilliant Con of Cassie Chadwick. We explore the excesses of this age, and the very thin line between radical reinvention and outright deception.
Humans are guided by stars. In ancient times, stars were the gods. Eventually they were replaced by religion. The wise men were guided to Jesus by the stars. Religion was replaced by great thinkers. Eventually George Washington and John Rockefeller were the new idols. In the 20th century our new gods/leaders became the stars of Hollywood.
#389 | JOHN ROCKEFELLER 12 zasad BOGACTWA! Sekrety najbogatszego człowieka na świecie! by Marcin Osman
This week, You Tried Dat?? is joined by Lance Gilstrap of the Garfield podcast Hungry Cat Daily to cover orange snacks. Why orange? Because Garfield is orange. They taste Good & Gather Sweet Potato Kettle Chips, Good & Gather Tex Mex Trail Mix, and Life Savers Orange Mint Candies. They also discuss Tesla Bot, cats eating Cheetos, and John Rockefeller before taking an orange quiz. Check out Lance's hilarious Garfield recap podcast Hungry Cat Daily! Follow him on twitter @regularkarate and the show @hungrycatdaily. Follow us on Instagram to see pictures of the snacks @youtrieddat.
Join our heroes this week as they talk about other heroes. In part 1 of a trauma response series, Carey Ann lays some groundwork about brains and trauma then we get nerdy with The Hulk. What superhero doesn't have some childhood trauma? Bruce Banner has it in spades, as evidenced by occasionally turning green and smashing things. Then, Allison shares exciting news about Rhiana becoming the wealthiest female musician in the world, which led her to ask the question: who was the first billionaire? Hint: he is "way less cool." Keep listening to find out if they find intersections in the Vinn Diagram of trauma and success.
John Rockefeller celebrated one day every year over all others, and teaches us why content entrepreneurs need to celebrate this date as well. ------- See all Content Inc episodes at the Content Inc. podcast home. Get more by subscribing to TheTilt.com newsletter. Order the new version of Joe's best-selling book today - Content Inc.: Start a Content-First Business, Build a Massive Audience and Become Radically Successful (with little to no money)
We live in a day and age where information is at our fingertips- or is it? We are living in a day and age where our freedoms are being taken away and voices are being censored. It is imperative that you do your own research when it comes to your health. It is imperative that you have full control over your body and what you are putting into it. This episode touches on John Rockefeller's creation of Big Pharmaceuticals and how holistic means of medicine were destroyed. This gave birth to medicine as we know it today and why it's so important for informed consent- do your own research. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
What I learned from reading The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance by Ron Chernow. 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.
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John D. Rockefeller is considered the richest man to ever live. His net worth, when adjusted for inflation, would be more than $340 Billion in today's currency, beating the richest person alive today, Jeff Bezos, by more than $150 Billion (Source: celebritynetworth.com). In today's episode, we'll learn how Rockefeller became so successful through his entrepreneurial journey. We'll discuss what tectonic shifts (including the lightbulb, automobile, Civil War, railroad, and more) he leveraged to boost his success. We'll also detail the other secrets like perseverance and stress management that he used to accomplish so much. Rockefeller's Entrepreneurial Journey His Start in Entrepreneurship John D. Rockefeller was born on July 8, 1839. By the age of 16, Rockefeller had his first real office job as an assistant bookkeeper. After success in that job, he partnered with Maurice B. Clark to start their own business in produce. The company, Clark & Rockefeller, earned $4,400 in the first year and $17,000 in the second, which is about $530,000 in today's currency (Sources: biography.com and the successbug.com). Standard Oil Co. In 1863, Rockefeller went into the oil business, opening up a refinery near Cleveland, Ohio. Many others sought success in the oil business but ultimately failed. Rockefeller's success in this venture may have been because, unlike other refineries that would keep the 60% of oil product that became kerosene and dump the other 40% in rivers and massive sludge piles, Rockefeller sold the 40% others were wasting as lubricating oil, petroleum jelly, paraffin wax, tar, and other by-products. In other words, he monetized an asset he already had. Rockefeller grew Standard Oil Co., and by 1872, he had purchased 22 of the 26 competitors in Cleveland. The company also acquired their entire supply chain, adding their own pipelines, tank cars, and home delivery network (Sources: biography.com and the successbug.com). Corporation Challenges Standard Oil controlled more than 90% of the oil industry, causing legislators to take notice. Congress passed the Sherman Antitrust Act and the Federal Trade Commission (FTC) was created. Rockefeller had to dissolve Standard Oil and allow each property to be run by others, though the corporation's board maintained control over the individual properties (Sources: biography.com and the successbug.com). In 1909, “New Jersey . . . changed its incorporation laws to effectively allow a re-creation of the trust in the form of a single holding company. Rockefeller retained his nominal title as president until 1911 and he kept his stock.” However, in 1911, “the Supreme Court . . . found Standard Oil Company . . . in violation of the Sherman Antitrust Act.” At this time, Standard “still had a 70% market share of the refined oil market but only 14% of the U.S. crude oil supply. The court ruled that the trust originated in illegal monopoly practices and ordered it to be broken up into 34 new companies.” These companies included Continental Oil, which is now part of ConocoPhillips; Standard of Indiana, which is now part of BP; Standard of California, which became Chevron; Standard of New Jersey, which later became, Exxon, and is now part of ExxonMobil; Standard of New York, which became Mobil, now part of ExxonMobil; and Standard of Ohio, which became Sohio, now part of BP. “Rockefeller, who had rarely sold shares, held over 25% of Standard's stock at the time of the breakup. He and all of the other stockholders received proportionate shares in each of the 34 companies.” Rockefeller had reduced control over the oil industry. However, over the next 10 years, the breakup would prove to be immensely profitable. “The companies' combined net worth rose fivefold and Rockefeller's personal wealth jumped to $900 million.” (Source: wikipedia.org) Philanthropy Rockefeller believed in the Methodist preacher John Wesley's dictum "gain all you can, save all you can, and give all you can." (Source: wikipedia.org) It isn't possible for me to include all of Rockefeller's philanthropic endeavors because there are just too many, but here are a few. “In 1884, Rockefeller provided major funding for Atlanta Baptist Female Seminary in Atlanta for African-American women, which became Spelman College. His wife Laura Spelman Rockefeller, was dedicated to civil rights and equality for women.” When speaking about Laura, Rockefeller said, "Her judgment was always better than mine. Without her keen advice, I would be a poor man." “The Spelman Family . . . along with John Rockefeller, were ardent abolitionists before the Civil War and were dedicated to supporting the Underground Railroad. John Rockefeller was impressed by the vision of the school and removed the debt from the school. The oldest existing building on Spelman's campus, Rockefeller Hall, is named after him.” (Source: wikipedia.org) After his retirement, Rockefeller also helped pay for the University of Chicago, donating more than $80 Million to it. He helped found the Rockefeller Foundation and the Rockefeller Institute for Medical Research, which was later named Rockefeller University (Sources: biography.com and the successbug.com). Rockefeller “founded the Rockefeller Sanitary Commission in 1909, an organization that eventually eradicated the hookworm disease.” (Source: wikipedia.org) By the end of his life, he had donated more than $530 million to various causes (Sources: biography.com and the successbug.com). This is one of the best parts of capitalism and entrepreneurship. They give entrepreneurs the resources and ability to make far greater social contributions. Tectonic Shifts Rockefeller Leveraged The Light Bulb and the Automobile Before the introduction of electricity, oil was the main source of lighting. Whale oil was expensive, but kerosene helped that become available to the working and middle classes, and Rockefeller took advantage of that. However, the invention of the lightbulb changed all of that. It “gradually began to erode the dominance of kerosene for illumination.” Standard Oil had to adapt to this tectonic shift by “developing a European presence, expanding into natural gas production in the U.S., and producing gasoline for automobiles, which until then had been considered a waste product.” (Source: wikipedia.org) Rockefeller was able to find success with the tectonic shift of the automobile. Food Supplies During the Civil War As mentioned earlier, Rockefeller and his partner went into the produce business early in his career. Their business did well in its first two years, but when the Union Army called for large amounts of food and supplies in the Civil War, their profits soared. During the Civil War, “Rockefeller tended his business and hired substitute soldiers. He gave money to the Union cause.” He said, “I wanted to go in the army and do my part. But it was simply out of the question. There was no one to take my place. We were in a new business, and if I had not stayed it must have stopped—and with so many dependent on it.” “When the Civil War was nearing a close and with the prospect of those war-time profits ending, Clark & Rockefeller looked toward the refining of crude oil.” (Source: wikipedia.org) The Railroad Rockefeller “was well-positioned to take advantage of postwar prosperity and the great expansion westward fostered by the growth of railroads and an oil-fueled economy. He borrowed heavily, reinvested profits, adapted rapidly to changing markets, and fielded observers to track the quickly expanding industry.” Standard Oil “became one of the largest shippers of oil and kerosene in the country. The railroads competed fiercely for traffic and, in an attempt to create a cartel to control freight rates, formed the South Improvement Company offering special deals to bulk customers like Standard Oil, outside the main oil centers. The cartel offered preferential treatment as a high-volume shipper, which included not just steep discounts/rebates of up to 50% for their product but rebates for the shipment of competing products.” (Source: wikipedia.org) Our Business Should be About Our Passions—Not Money “If your only goal is to become rich, you will never achieve it.” - John D. Rockefeller Rockefeller truly loved what he did. He knew business would be better if there was something bigger behind it than money (Source: 2x.co). “I know of nothing more despicable and pathetic than a man who devotes all the hours of the waking day to the making of money for money's sake.” - John D. Rockefeller Credibility Though Rockefeller wasn't perfect, he cared a lot about his credibility. He often struggled to get the amount of money he needed to achieve his goals, but he won the trust of banks and investors, enabling him to take his business farther than he would have been able to otherwise. It is said that Rockefeller remembered 3,000 of his employees' names (Source: 2x.co). An impressive accomplishment that showed his employees that he cared about them, pushing his credibility through the roof because of the respect they likely had for him. By showing people we care about them by doing something as simple as remembering their names, we can boost our credibility. In addition, it will help us build stronger relationships with those we work with. Building “Skyscrapers” on Land We Own As Standard Oil grew and purchased its competitors, it got into the business of buying pipelines and terminals and setting up a system of transport for its own products. Standard came to control or own almost every aspect of the business, and its grip on the industry tightened. It even bought thousands of acres of forest for lumber, drilling, and blocking competitors from running their own pipelines (Source: biography.com). While the monopoly was later deemed unlawful by Congress, we can still learn the value of controlling the aspects of our businesses from this example. If we build our business on a platform that we don't own, we have limited control over that platform, and the platform can change the rules and have a huge impact on our business. Other Secrets to Success Perseverance “I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature.” - John D. Rockefeller As entrepreneurs, our businesses might not take off right away despite our hard work. Rockefeller had to start out his career as an assistant bookkeeper before he could start the business he wanted to. He persevered in that job until he and his partner could start their own business. Sometimes our goals take longer than we expect, or we have to do things we don't want to in order to reach them. It is important to keep our goals in mind and let them drive us when things aren't how we want them to be. If we work hard and persevere, things often get better. Keeping a Cool Head When circumstances went wrong and others began panicking, Rockefeller was known for keeping his cool. Even though he started his career during a great market depression, he remained calm, being careful and watching others learn from their mistakes (Source: forgefinancialfreedom.com and 2x.co). “I always tried to turn every disaster into an opportunity.” - John D. Rockefeller We, too, can keep our heads during stressful situations, and it will help us make better decisions. It will also encourage our employees and associates to remain calm as well. Stress Management There were several periods of Rockefeller's life where he experienced great stress. In the 1870s and 80s, Rockefeller was carrying out his plan of consolidation and integration and was being attacked by the press while doing so. He complained that he couldn't stay asleep most nights. He later said, “All the fortune that I have made has not served to compensate me for the anxiety of that period.” When he was in “his 50s Rockefeller suffered from moderate depression and digestive troubles; during a stressful period in the 1890s he developed alopecia, the loss of some or all body hair.” Rockefeller started wearing toupées by 1901. Unfortunately, his hair never grew back. However other health complaints subsided when he lightened his workload. To help manage his stress, here are a couple of tactics Rockefeller used. The Importance of a Consistent Schedule Rockefeller had to keep a meticulous schedule, planning every minute, otherwise, his day would fall into chaos. He never diverged from it. However, he didn't let it control him either. He was the master of his schedule, and the schedule was not the master of him. By keeping such a strict schedule, he was able to be in the present moment. He could focus more easily because he devoted time to each of the important things in his life, and therefore, he wouldn't get distracted by other things (Sources: forgefinancialfreedom.com and 2x.co). “Singleness of purpose is one of the chief essentials for success in life, no matter what may be one's aim.” - John D. Rockefeller The Importance of Rest One aspect of Rockefeller's schedule was his time dedicated to rest. He loved to nap after lunch and dinner. When he was in his 30s, he installed a telegraph wire between his work and home so he could spend 3-4 afternoons during the week at home, gardening and enjoying the outdoors (Source: cnbc.com). Entrepreneurs often forget how important balance is in life. We often get excited about the ventures we are working on and forget that it is crucial to take time to relax or be with loved ones so we don't exhaust ourselves and burn out. “It is remarkable how much we all could do if we avoid hustling, and go along at an even pace and keep from attempting too much.” - John D. Rockefeller Faith During his childhood, Rockefeller attended a local Baptist church with his mother and siblings. Rockefeller's mother was very religious. She was a major influence for him in religious matters. While they were at church, she would encourage him “to contribute his few pennies to the congregation. He came to associate the church with charity.” Religion became a guiding force throughout his life, and he believed it was the source of his success (Source: wikipedia.org). As a devout Northern Baptist, Rockefeller read the Bible daily, attended prayer meetings twice a week, and even led his own Bible study with his wife. He supported Baptist missionary activity, funded universities, and heavily engaged in religious activities at his church. While traveling the South, he donated large sums of money to churches belonging to the Southern Baptist Convention, various Black churches, and other Christian denominations. One time, Rockefeller paid for a slave's freedom, and another time he donated to a Roman Catholic orphanage. As he grew rich, his donations to churches became more generous (Source: wikipedia.org). Key Takeaways Here are some of my key takeaways from this episode: We can boost our credibility by remembering our associate's names. Having good credibility can lead to help from people like bankers and investors. This help can allow us to take our business further. We should build skyscrapers on land we own. Perseverance is one of the most important attributes an entrepreneur can have. Keeping a consistent schedule can help us focus more easily and be more efficient in our work. In addition, taking time in our schedule to relax can help us keep a balanced life. We can make better decisions and help our associates remain calm if we keep a cool head in stressful situations. Philanthropy is one of the best parts of capitalism and entrepreneurship. Entrepreneurs have the resources and ability to make far greater social contributions. Rockefeller leveraged many of the tectonic shifts like the light bulb and the railroad. We can leverage the tectonic shifts in our time to gain success. Want to be a Better Digital Monetizer? Did you like today's episode? Then please follow these channels to receive free digital monetization content: Get a free Monetization Assessment of your business Subscribe to the free Monetization eMagazine. Subscribe to the Monetization Nation YouTube channel. Subscribe to the Monetization Nation podcast on Apple Podcast, Google Podcasts, Spotify, or Stitcher. Follow Monetization Nation on Instagram and Twitter. 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On the 15th Episode of the Cemetery Podcast we visit Cleveland, Fairmount, Baltimore, Ft. Thomas, Canton and more. We discuss James Dean, Edgar Allan Poe and John Rockefeller. We learn about a cemetery symbol and a Medal of Honor recipient. The Necro Tourist tells the tale of "Canton Ohio & Then Some". Lakeview Cemetery in Cleveland, OH Westminster Burying Ground in Baltimore, MD Westlawn Cemetery in Canton, OH Park Cemetery in Fairmount, IN St. Stephen Cemetery in Ft. Thomas, KY Thanks to Charlotte Graves, Senor Bull, Ozric Tentacles --- Support this podcast: https://podcasters.spotify.com/pod/show/cemetery-podcast/support
"Do not be afraid to give up the good to go for the great." -John Rockefeller In this episode, I talk about: We make things ‘hard’ by adding drama when really we’re scared. * People pleasing. * Having to “do it all” to prove we can. * Lack of trust in others. * Holding everyone else’s emotional baggage. * Over mothering / nurturing. Women are powerful beings but I’ve noticed when we (yes including myself) are out of alignment we cause more work for ourselves by saying “yes” to more when really we mean, “no thank you.” Consider how this shows up in your business. What if this was easy and at the same time emotionally uncomfortable? No drama needed, just emotionally healing. Continue the conversation on Instagram @heatherchauvin_ See if you're a good fit for Mastery 2.0 Business: www.heatherchauvin.com/business
Welcome! Good morning, everybody. I was on WTAG this morning with Jim Polito. We had a lively discussion about the inner workings of the Internet and the decisions that Parler made that may have cost them their business. Censorship, Collusion, and Anti-Trust. Has Big Tech, the Sultans of Silicon Valley, become like the Robberbarrons of yesteryear? For more tech tips, news, and updates, visit - CraigPeterson.com. --- Automated Machine Generated Transcript: Craig Peterson: [00:00:00] Hey everybody. I was on with Mr. Jim Polito this morning and we had a great discussion here. If you want to know what's going on with the internet, and why I call myself an internet originalist, and why you should stick around because here we go with Mr. Jim Polito of course. Jim Polito: [00:00:19] You know what, right now, you want to be right here. We got our guy standing by who better to have with us right now than the tech talk guru. Craig Peterson. Craig Peterson: [00:00:36] Tis I. Good morning. I wanted you to get all excited, and say woo I'm here. I just want it. We have, we're w we're in Providence now we have expanded and the Providence audience doesn't know this and they might think I'm joking. But Craig Peterson actually did help to invent the internet, Al Gore likes to take credit for it. But Craig Peterson wrote code for the internet that is still in use today. Okay. He didn't invent it, but he was like one of the guys at NASA. Who got the Apollo program to the moon? There were many of them and Craig Peterson is one of the many people who get the internet to work. So I just want to make sure people understand those credentials. Jim Polito: [00:01:28] Today we're going to talk about the internet. What perfect timing to have you here today, when there's craziness. There are how many businesses that really could, how many large corporations, big tech, very few who control the whole thing right now. Isn't that correct, Craig? Craig Peterson: [00:01:51] By the way, one more thing for you. I also designed systems that helped to build design and fly the space shuttle. I don't know if you knew that. Jim Polito: [00:02:02] Woah, Woah. Craig Peterson: [00:02:07] Yeah, years ago. I don't think I mentioned that too before. Way back when I was down in New Jersey as a contractor consultant and I wrote this code. It was my company that was hired and we put together systems for RCA Astrospace who was building part of this. One of these days we'll have to talk about it. It was cool. Jim Polito: [00:02:26] I want to hear about that because getting the shuttle to fly, they said was like getting a brick to fly. That's the way that the pilots who piloted it, explained it. So we need to hear that. But look, here's what I'm bothered about. That Apple, Google, and Amazon can say, you know what Parler you're done now. They can say it's because of some disturbing material, but we all know it's because of competition. Come on. That's three companies. That sounds to me like the old robber barons and why we have antitrust laws. Craig Peterson: [00:03:02] Yeah. This is really interesting because we've had so many people, libertarians on out, say it, remember the first amendment, the right to free speech only applies to government. But the concept of free speech is part of the basis of this country. It doesn't just stop at the edge of the first amendment, frankly. I want to point out something else related to this. And that is I am an internet originalist. So speaking about the Constitution and the Supreme court, I'm an originalist. The internet was designed to be decentralized. You could say and do almost anything, as long as it wasn't illegal online. The whole idea behind it was to create and implement new ideas. Anyone could now connect anything to anything. Heck, we even got light bulbs now on the internet? It was an open, free, fair society. It was initially used by the military research people. It was used by universities to communicate with each other. That kind of evolved into the ARPANET. And then they were connected together and it became the internet. Even the term internet tells you what it is. It's an interconnected network of networks. It had no one place that was vulnerable. We could not have Russia blow up a city in the United States and have the internet disappear. It was entirely designed to be decentralized and still pretty much is. The problem is we have these companies, like you mentioned, who are so big, and ultimately so powerful that they can shut things down. So when you talked about Parler as an example of how it was shut down. There are attorneys looking into antitrust regulations because of this. Amazon pulled access to their systems. Now Amazon runs about 60% of the computers in the United States of America. And certainly at a minimum of 60% of the computers that run the internet today. What's happened is they have all of this computing power. They have all of this network connectivity. Remember I said, these are interconnected networks. So someone like Amazon can block data from Parler from even traveling over their networks. Now the internet there are protocols like BGP and others. We won't get too technical, that are designed, well if Amazon goes off the air, or won't route the packets for Parler, we'll send them around another way. It's just like water seeking another way around and it can do that. It does do that. The real problem Parler seems to be facing right now is Amazon doesn't just provide computers. It doesn't just provide network bandwidth. Amazon has quite a number of services. You can register with Amazon, for instance, and have it handle what's called your DNS, which is the internet addressing system. Parler did that. You can have Amazon handle the queue processing, automatic load balancing. Can manage your databases, can manage all of your data storage, but if you're going to have Amazon do these things, you have to write your program, your code, so that it knows how to use all of this stuff on Amazon. All of a sudden now, You are 100% dependent on Amazon. If you're a company that made the mistake of being Amazon, not just centric, but Amazon dependent, like Parler apparently is, if Amazon pulls the plug on you, you are out of business. And then to top it off, you've got apple pulling the plug on Parler's app and you've got Google pulling the plug on Parler's app. Parler was smart enough to say what would happen potentially if the apps were pulled. Parler could be used via a web browser, except for the fact that they're a hundred percent dependent on Amazon and Amazon pulled the plug. Jim Polito: [00:07:36] We're talking with our good friend, tech talk guru, Craig Peterson. So Craig, look you and I could start up a small business right now and with nothing to do with the internet. Craig and Jim's coffee shop. Okay. There's a lot of red tape to go through, but we could start it up and we could do it and we wouldn't be dependent on these corporations. Some people may say you may be dependent to promote it. But what I mean is we could actually start a coffee shop and if we were on a busy enough corner, be okay. We would have certain entities that would have to go to like banks. Okay. Yeah. Small business administration. Yeah. But still, there are ways to do that. Craig Peterson: [00:08:21] There's no real way to do it. You need truckers. You've got to buy the coffee. You have to have the truckers delivered every day. You have to work with a conglomerate, which is distributing cream that you would buy, right? You're not buying it from the local farm. By the way, that truck is probably driven by a union member. So any one of those people. Even if you want to compare what's happening now to starting a printing press and printing your own newspaper broadsheet, whatever it might be, you still have to get the paper. You still have to get the ink. Those suppliers when they are big enough can stop you from competing. They look at newspapers today, for instance, how many newspapers are printed by the New York Times, The Boston globe, including local newspapers. It's one company. Nobody has all of these presses, anymore. I think we've just become far too reliant on these big companies. Now there are some options. There's something called Mastodon out there that is a completely decentralized kind of Twitter, Facebook replacement. Some people have moved to MeWe. The same type of thing can happen if they didn't plan, Jim. Jim Polito: [00:09:40] Yeah, I guess I understand that, but there's no one thing that can shut you down. Like they can shut you down. They can really shut you down. You're done. You want to be in the world online. You're done. Now. My question is so Parler signs a contract with Amazon and less, the Department of Justice decides to go after. Amazon and Apple for and others for antitrust. It's probably not that much Parler can do. Cause you know, I'm a free marketer and a free marketer is Hey Craig Peterson, and his amazing work. He can do business with whoever the heck he wants to. That's Craig Peterson's prerogative and you can't force him to do certain things. I'm not one of those people. When you have this kind of power, I think robber baron, I think back to John Rockefeller and Standard Oil, it reminds me of that. Craig Peterson: [00:10:42] Apparently, by the way, Amazon did violate the terms. Parler every time Amazon has asked us to remove something. We have removed it after, we double-checked it all. We have removed it and they have a 30 day period, according to the contract with Amazon, that if Amazon complains about something, there's a 30 day period where they have the ability to remove it and negotiate with Amazon, et cetera, et cetera. None of that was honored. This all happened over the weekend. Basically with all of these companies. So now we're looking at collusion here. This is fascinating. Then Ron Paul now, it's reported in the Washington Times, Ron Paul says I'm not calling for anything illegal and he's blocked by Facebook. Jim Polito: [00:11:38] Yeah. Yeah. In the weeks to come, I'm sure we'll be discussing this more, but I'm glad you were here. Craig Peterson, how do people get more from Craig Peterson? Craig Peterson: [00:11:50] The best way is just to go to Craigpeterson.com. You'll see right there, the ability to subscribe. You'll see all my podcasts. You'll see a lot of the articles and I've got training starting here in about two weeks on improving windows security. So it's step one. I have these all planned out. We're going to be doing VPNs and everything. Make sure you sign up. Jim Polito: [00:12:17] You can find out about Craig peterson.com. I love it. Craig as usual. Thank you for your expertise. I can't wait till we'll have to talk, NASA someday. About how you taught a brick to fly. But we'll get into that. Thank you very much, Craig. Talk to you soon. Bye-bye. --- More stories and tech updates at: www.craigpeterson.com Don't miss an episode from Craig. Subscribe and give us a rating: www.craigpeterson.com/itunes Follow me on Twitter for the latest in tech at: www.twitter.com/craigpeterson For questions, call or text: 855-385-5553
Most editions of Cover Stories with Chess Life follow the same pattern: each month we talk to the author of our cover story. This month, however, is a little different. Dan Lucas, former editor of Chess Life and now our Senior Director of Strategic Communication, got back in the saddle for his December 2020 cover story on John D Rockefeller V and his $3 million gift to US Chess. Now, Dan's employment with US Chess wouldn't prevent him from appearing on this podcast, which he used to host. But Dan now hosts another podcast, One Move at a Time, where this month's guest will be none other than John Rockefeller. This left me in a bit of a quandary. Obviously I didn't want to reinvent the wheel and drag Dan onto my show, where naturally he'd use his best material and leave nothing for his own. So who could I ask to pinch-hit? Who could be interesting enough to fill such big shoes? Ben Johnson is a national master, a chess teacher, and, in a former life, he was a poker player of some repute. Now he is best known to chess fans around the world as the host of the Perpetual Chess Podcast, a weekly show where Ben interviews chess players and personalities both famous and... well, those of the likes of me. It's a must-listen, and it's one of the first things I check each Tuesday when I sit down at my desk to work. Ben and his guests cover a lot of ground in their talks, ranging from improvement to books to chess culture, and in what follows, I'll try to drag out the very best of what Ben has learned in his over 200 episodes of Perpetual Chess, and also get a deeper sense of what Ben is like when he's not in his basement, behind his recording equipment.
The appearance of SARS-CoV-02 has given Global Health Epidemiology it's most challenging foe since HIV/AIDS. It has moved through the global populace with purpose, and strength. It has also introduced us to the term "syndemic" during it's first 6 months of ubiquitious expansion. With these novel, and medically brutal, challenges ahead we are seeing the most dangerous set of co-morbidities in medical history. We are currently at the starting line of what will become a battle for a new set of constructs for human survival with multiple Covid outflows. The concept of Covid combining with TB, Hep B/C, Malaria, all NCD's, in LMIC's and increasing chronicity of preexisting morbidities, will put us squarely in the crosshairs of yet another Global Health mortality spike. We need to push our diagnostic platforms with testing and data compilation to control, and prepare for what lies ahead. At this point in time (10/20) there is an incredible spike in Mental Health comorbidities that is creating a need for vast expansion of mental health practitioners to join with the Infectious Disease Docs to reign in the depression, despair and anxiety that is sure to lead beyond what the first rung of the SARS-CoV-02 ladder has already served us with. The time to act on all SARS-CoV-02 fronts is our mandate. This is not a battle for vaccines, it is a battle for human life, and human potential through a minefield of novel co-morbid medical brushfires. The concepts of vaccine, anti-viral agents, and symptomatic cures will only be the start, as we travel down the wormhole of the most epic battle in disease complexity. Global Health organizations will need funding for increased preparedness and control for systems already severely challenged. These challenges will define Global Health for the coming decades. Our innovation and outcomes will create the level of our resiliance for the coming century. The most challenging landscapes for the opening salvos in this public health challenge will be fought in large institutions, particularly in schools and the high density populations of the urban core. To be successful, we need to overprepare, rather than assume our medical knowledge to be historically logical. SARS-CoV-02 is an entirely new landscape, and should be treated as such. The rise of this syndemic will continue to create novel infection rates and comorbidities until we focus with more innovation and intention across all political landscapes, and all geographies. We are now, most certainly, entering the Covid Century.
In this episode, Brooke and Kelsie discuss equal pay. Brooke is a hiring manager-- so her expertise really shines. We talk about what the data shows and means... and why children are such a huge factor in economic behavior. Kelsie offers a myriad of resources that already exist. Kelsie then teaches a bit about the long battle for equal pay and does a deep dive into Ida Tarbell who fought to change the system in her time. BibliographyAnnenberg Classroom. “Women’s Rights.” Annenberg Classroom. Last modified 2020. https://www.annenbergclassroom.org/resource/womens-rights/.Fingerhut, Hannah. “In both parties, men and women differ over whether women still face obstacles to progress.” PEW Research Center. Last modified August 16, 2016. https://www.pewresearch.org/fact-tank/2016/08/16/in-both-parties-men-and-women-differ-over-whether-women-still-face-obstacles-to-progress/.Gurcheik. Kathy. “Availability, Use of Paternity Leave Remains Rare in U.S.” SHRM: Better Workplaces Better World. Last modified August 16, 2019. https://www.shrm.org/resourcesandtools/hr-topics/behavioral-competencies/global-and-cultural-effectiveness/pages/availability-use-of-paternity-leave-remains-rare-in-us.aspx.Hartmann, Heidi, Ariane Hegewisch, Barbara Gault, Gina Chirillo, Jennifer Clark. “Five Ways to Win an Argument about the Gender Wage Gap (Updated 2019).” Institute for Women’s Policy Research. Last modified September 11, 2019. https://iwpr.org/publications/five-ways-to-win-an-argument-about-the-gender-wage-gap/.Hegewisch, Ariane and Adiam Tesfaselassie. 2019. “The Gender Wage Gap by Occupation 2018.” The Institute for Women’s Policy Research. Last modified April 2, 2019. https://iwpr.org/publications/gender-wage-gap-occupation-2018/. Livingston, Gretchen. “Stay-at-home moms and dads account for about one-in-five U.S. parents.” PEW Research Center. Last modified September 24, 2018. https://www.pewresearch.org/fact-tank/2018/09/24/stay-at-home-moms-and-dads-account-for-about-one-in-five-u-s-parents/.Murphy, Jocelyn Nichole. "The role of women in film: Supporting the men -- An analysis of how culture influences the changing discourse on gender representations in film." Journalism Undergraduate Honors Theses. 2015. http://scholarworks.uark.edu/jouruht/.Peterson, Jordan interviewed by Cathy Newman. Channel 4 News. January 16, 2018. https://www.youtube.com/watch?v=aMcjxSThD54.Phelen. John. “Harvard Study: ‘Gender Wage Gap’ Explained Entirely by Work Choices of Men and Women: The ‘gender wage gap’ is as real as unicorns and has been killed more times than Michael Myers.” Foundation for Economic Education. December 10, 2018. https://fee.org/articles/harvard-study-gender-pay-gap-explained-entirely-by-work-choices-of-men-and-women/?gclid=CjwKCAjw26H3BRB2EiwAy32zhZKsF45zDh2P22RHSXgHrfc-hthCcA1Xh1hyUhN3A9XFwvx9XP6u6hoCXokQAvD_BwE.Schochet, Leila. “The Child Care Crisis Is Keeping Women Out of the Workforce.” Center for American Progress. Last modified March 28, 2019. https://www.americanprogress.org/issues/early-childhood/reports/2019/03/28/467488/child-care-crisis-keeping-women-workforce/.Semuels, Alana. “How Poor Single Moms Survive: Welfare reform has driven many low-income parents to depend more heavily on family and friends for food, childcare, and cash.” The Atlantic. Last modified December 1, 2015. https://www.theatlantic.com/business/archive/2015/12/how-poor-single-moms-survive/418158/.Steinem, Gloria. Outrageous Acts and Everyday Rebellions, 3rd Edition. New York, NY: Henry Holt and Company, 2019.Support the show (https://www.patreon.com/remedialherstory)
Dr. Gary Fettke shares how he overhauled his health and how he has radically helped patients improve theirs via real food, Low Carb Healthy Fat diets. For complete show notes, visit http://youcuredwhat.com/podcast/garyDr. Gary Fettke is an Australian orthopedic surgeon and a hero of the health and nutrition world. He was silenced for helping his patients with nutritional advice. He was persecuted but he stood strong knowing he was doing what was right, and eventually he was exonerated. But before taking on the establishment with his message emphasizing the importance of real food, he had to heal himself of prediabetes, high blood pressure, inflammatory joint disease, psoriasis, and more. [2:50] "I'm often quoted as saying 'Once you see something, you can't unsee it.' And I've seen the health benefits of changing diet and nutrition for myself and I've seen it for my family and I've seen it for my patients." [4:20] Dr. Fettke shares his "fresh, local, and seasonal whole food" message. He explains that we should reduce processed food and added sugar. This often leads to a low-carbohydrate, Paleo, and/or ketogenic style of diet. [7:30] What is Gary's health background? He was an overweight kid and even had joint aches as a kid. He had a pituitary gland tumor at age 38. He had high blood pressure, skin conditions, and other ailments (metabolic syndrome). He had this type of health while eating a diet largely based on the food pyramid. [10:50] A lightbulb went off for Gary when he realized his tumor showed up on PET scan based on glucose metabolism. It was growing and thriving on sugar. Since then, he often reflects on the Krebs cycle and how our bodies create ATP for energy. [14:10] Gary started out by cutting out sugars. Then he cut out polyunsaturated oils. Then he cut out other carbohydrates. [15:15] In 2013 and 2014, Gary came up with a nutritional model of inflammation. The idea is that the combination of refined carbohydrates, polyunsaturated oils, and fructose cause a highly-inflammatory state in the body. This inflammation sits behind basically every disease and ailment we face. [17:30] Initially, Gary lost about 8 kilos (approximately 20 pounds) without exercise by cutting out sugar. He was inspired by David Gillepsie's book Sweet Poison. [18:50] Gary, a surgeon, performed many amputations of diabetic limbs and digits. His patients were coming in with their limbs rotting off and it bothered him because he now sees it is preventable. [22:25] "I'm infinitely healthier now than I was ten years ago." Gary shares how he came off ten medications. [23:45] Dr. Fettke discusses the problem of the lack of informed consent for lifelong medications which have massive side effects. [25:30] Gary mentions that information about Tracey Brown, the CEO of the American Diabetes Association, improving her diabetes significantly by limiting carbs has been taken offline. [31:05] Gary, paraphrasing his wife Belinda: "You guys are talking about the science. Nobody's listening. Who's blocking that?" [32:00] Gary talks about the importance of SAM: support, accountability, and motivation. [38:10] Gary talks about how eating healthfully allows his patients to take back some level of control over their lives. [39:50] Gary shares a story of a patient: 70-year-old who had horrible arthritic pain and was down to bare bones on X-rays. Gary talked to her about low carb. 3 months later she came back to his office down 12 kilograms (approximately 25 pounds), felt better, and no longer needed surgery. "It's just fascinating for me that someone with bare-bone arthritis can turn around their pain before they lose weight." [41:40] "If you reduce your sugar and carbs, you reduce your insulin production, you reduce your inflammation. It happens within days or weeks successfully, before weight loss." [42:25] Are some of Gary's patients who come in on a reconstructive surgery consult able to avoid the need for surgery altogether? By changing their diet? Spoiler alert: yes. [42:50] Gary shares the major improvement in a 75-year-old patient who had been low carb for 6 weeks: all of her back pain was gone. [43:55] "I'm not saying this cures everyone, I'm not saying that it's the answer for everything. But gee, it's bloody close to it." [44:20] How has real-food, low-carb, healthy-fat diet impacted surgery patients' recovery? [45:30] Gary compares ketosis to the "Safe Mode" of a computer. [45:50] Gary, thinking of his grandchildren, talks a bit about diet and pregnancy. [47:20] Gary works with an elite soldier who spends time in ketosis. Gary asked him how he feels when in ketosis: "cunning" [49:50] "Virtually all of us are carrying around a super-tanker of fuel on our bodies." (Body fat) [50:45] "We've got more potential to take back our health than we've been told. Than we've been led to believe." [52:30] Gary found it odd to learn that his textbooks and professors had been all wrong; he talks about how much is hiding in plain sight. [53:30] "Our medical education was corrupted in 1910 with the Flexner Report which was commissioned by Andrew Carnegie of steel and John Rockefeller of oil." [53:50] "Our nutrition education was manipulated since 1917 and made up by the cereal industry. And our medical education came from Rockefeller and Carnegie, which was really the birth of the pharmaceutical industry." [54:30] "It's a massive turnaround to admit that we got it wrong." [55:50] Does Gary consider himself cured of his conditions? [57:50] Now that he's improved his health, what's one thing Gary enjoys doing that he couldn't do before? [59:30] Where can the listener learn more from Dr. Fettke? [1:00:55] "The enemy's not food. The enemy is the people telling us what food to eat." [1:04:40] Gary shares a closing thought that he used in his book Inversion: One Man's Answer for World Peace and Global Health: "Only dead fish swim with the current. You'll know you're truly alive when you're swimming against it."
A fines del siglo 19, una joven de 18 años sucumbió al cáncer en cosa de meses. El impacto de su muerte tuvo dos consecuencias notables: su novio, heredero de la fortuna más grande de la historia, decidió financiar la investigación científica en torno al cáncer. Por otro lado, su médico –un joven cirujano recientemente graduado– quedó abatido por las limitaciones de la ciencia médica para tratar casos como el de su joven paciente y se embarcó en una búsqueda frenética por entender mejor a la enfermedad. En ese esfuerzo, se topó con un caso médico muy llamativo que fue el punto de partida de una cacería epidemiológica inédita en la historia, que involucraba a un inmigrante alemán y a una enfermedad conocida como el fuego de san Antonio, historia que marcó el comienzo de una revolución biomédica que solo en años recientes hemos comenzado a comprender y que revisaremos hoy en La Ciencia Pop. Support the show (https://www.patreon.com/LaCienciaPop)
Hoje terminamos a maratona de 4 episódios sobre o livro "Quem Pensa Enriquece". Todos nós queremos em certa medida ter uma vida mais abundante financeiramente. Porém, poucos conseguem. Qual será o segredo, a fórmula que cria milionários? Por mais de vinte anos, Napoleon Hill, autor desta incrível obra, se dedicou a descobrir os segredos de mais de 500 milionários. E conseguiu! Ele acompanhou de perto a ascensão de mais de 500 pessoas que possuem as maiores fortunas do mundo. Conviveu com mitos como Henry Ford, Theodore Roosevelt, King Gillette e John Rockefeller, o autor encontrou 15 características comuns a todos esses grandes vencedores. Quem pensa enriquece, principal fruto das idéias de Napoleon Hill, é um dos maiores bestsellers do mercado editorial, com mais de 30 milhões de exemplares vendidos no mundo. Uma obra realmente atemporal que vem ajudando pessoas comuns a se tornarem ricas e poderosas. E inclusive pode ajudar você! Ouça e deixe o seu comentário! Procure compartilhar com seus amigos e principalmente se você acredita que este conteúdo pode ajudar alguém em específico.
Hoje começamos a terceira parte de uma maratona de 4 episódios para conversar sobre o livro "Quem Pensa Enriquece". Todos nós queremos em certa medida ter uma vida mais abundante financeiramente. Porém, poucos conseguem. Qual será o segredo, a fórmula que cria milionários? Por mais de vinte anos, Napoleon Hill, autor desta incrível obra, se dedicou a descobrir os segredos de mais de 500 milionários. E conseguiu! Ele acompanhou de perto a ascensão de mais de 500 pessoas que possuem as maiores fortunas do mundo. Conviveu com mitos como Henry Ford, Theodore Roosevelt, King Gillette e John Rockefeller, o autor encontrou 15 características comuns a todos esses grandes vencedores. Quem pensa enriquece, principal fruto das idéias de Napoleon Hill, é um dos maiores bestsellers do mercado editorial, com mais de 30 milhões de exemplares vendidos no mundo. Uma obra realmente atemporal que vem ajudando pessoas comuns a se tornarem ricas e poderosas. E inclusive pode ajudar você! Ouça e deixe o seu comentário! Procure compartilhar com seus amigos e principalmente se você acredita que este conteúdo pode ajudar alguém em específico.
Hoje começamos a segunda parte de uma maratona de 4 episódios para conversar sobre o livro “Quem Pensa Enriquece“. Todos nós queremos em certa medida ter uma vida mais abundante financeiramente. Porém, poucos conseguem. Qual será o segredo, a fórmula que cria milionários? Por mais de vinte anos, Napoleon Hill, autor desta incrível obra, se dedicou a descobrir os segredos de mais de 500 milionários. E conseguiu! Ele acompanhou de perto a ascensão de mais de 500 pessoas que possuem as maiores fortunas do mundo. Conviveu com mitos como Henry Ford, Theodore Roosevelt, King Gillette e John Rockefeller, o autor encontrou 15 características comuns a todos esses grandes vencedores. Quem pensa enriquece, principal fruto das idéias de Napoleon Hill, é um dos maiores bestsellers do mercado editorial, com mais de 30 milhões de exemplares vendidos no mundo. Uma obra realmente atemporal que vem ajudando pessoas comuns a se tornarem ricas e poderosas. E inclusive pode ajudar você! Ouça e deixe o seu comentário! Procure compartilhar com seus amigos e principalmente se você acredita que este conteúdo pode ajudar alguém em específico.
.Hoje começamos uma maratona de 4 episódios para conversar sobre o livro "Quem Pensa Enriquece". Todos nós queremos em certa medida ter uma vida mais abundante financeiramente. Porém, poucos conseguem. Qual será o segredo, a fórmula que cria milionários? Por mais de vinte anos, Napoleon Hill, autor desta incrível obra, se dedicou a descobrir os segredos de mais de 500 milionários. E conseguiu! Ele acompanhou de perto a ascensão de mais de 500 pessoas que possuem as maiores fortunas do mundo. Conviveu com mitos como Henry Ford, Theodore Roosevelt, King Gillette e John Rockefeller, o autor encontrou 15 características comuns a todos esses grandes vencedores. Quem pensa enriquece, principal fruto das idéias de Napoleon Hill, é um dos maiores bestsellers do mercado editorial, com mais de 30 milhões de exemplares vendidos no mundo. Uma obra realmente atemporal que vem ajudando pessoas comuns a se tornarem ricas e poderosas. E inclusive pode ajudar você! Ouça e deixe o seu comentário! Procure compartilhar com seus amigos e principalmente se você acredita que este conteúdo pode ajudar alguém em específico..
Young Creators Podcast: Behind the Product met Rens Gingnagel
In deze nieuwe aflevering van de Behind the Product podcast gaan we in gesprek met startup expert Bram Kanstein. Bram heeft over de jaren heen veel succesvolle projecten gelanceerd en er zelfs drie verkocht. Zo is Bram onder andere bekend als maker van Startupstash, een tool waarmee hij de meeste upvotes ooit kreeg op Product Hunt. Tegenwoordig deelt hij de lessen die hij heeft geleerd over het bouwen van producten in zijn cursus No-Code MVP. In ons gesprek bespreken we waarom je niet hoeft te kunnen programmeren om je business idee te testen. Ook kijken we naar de stappen die je wel moet doorlopen om een product succesvol te maken. Bram legt uit waarom netwerken een van de belangrijkste skills is om te leren en hoe de legendarische zakenman John Rockefeller dit aanpakte. Als toetje krijgen we van Bram zelfs nog tips hoe je een product viraal kan laten gaan. Kortom, een perfecte aflevering voor iedereen die nieuwe producten wil lanceren! Behind the Product is een podcast van Young Creators Host: Rens Gingnagel Redactie: Jan-Paul Beukema Edit: Randal van der Linde Shownotes: No-code mvp - nocodemvp.com Startupstash - https://startupstash.com/ Twitter - @bramk Moderndayjobs - https://moderndayjobs.com/ Clay.earth - https://clay.earth/ Rockefeller Rolodex - https://clay.earth/why Superhuman - https://superhuman.com/ Product Hunt - https://www.producthunt.com/
If there is any story that stands out in the halls of business: it's the story of John D. Rockefeller John D. Rockefeller is the richest American ever. And yet some historians will paint him as simply a ruthless, greedy businessman. They say, “There's nothing to learn from such a man.” And they are right. Or are they? In this podcast we're going to delve into the lessons a future millionaire could learn from this man. --- Send in a voice message: https://anchor.fm/successhabits/message
If there is any story that stands out in the halls of business: it's the story of John D. Rockefeller John D. Rockefeller is the richest American ever. And yet some historians will paint him as simply a ruthless, greedy businessman. They say, “There's nothing to learn from such a man.” And they are right. Or are they? In this podcast we're going to delve into the lessons a future millionaire could learn from this man. --- Send in a voice message: https://anchor.fm/successhabits/message
If there is any story that stands out in the halls of business: it's the story of John D. Rockefeller John D. Rockefeller is the richest American ever. And yet some historians will paint him as simply a ruthless, greedy businessman. They say, “There's nothing to learn from such a man.” And they are right. Or are they? In this podcast we're going to delve into the lessons a future millionaire could learn from this man. --- Send in a voice message: https://anchor.fm/successhabits/message
Are our school systems forever changed? Some celebs release a feel good sing along...f-off!! Why are the ladies annoyed with them? What are the ladies binge watching to get them through social distancing? Can you name the first female millionaire? Tabby can! Find out why Madam CJ Walker annoyed fellow neighbor John Rockefeller. Satanic panic. How the media and fear created a modern day Salem witch trail in the 80's and 90's.
A businessman turns his life around after a run-in with John Rockefeller, or did he? --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Today I'm going to share stories of historically wealthy people (people like Andrew Carnegie, John Rockefeller, Elon Musk, Steve Jobs, etc.). All of these people shared a common skill that enabled them to achieve levels of success no one else was able to do. They never shared their secret because they were laser focused on their stories and their lives, they didn't have time. It wasn't until Napoleon Hill met Andrew Carnegie that the secrets finally started to be revealed. Today, we are going to dig into what those secrets are. Check out the website for past episodes: https://financialfreedomradio.com Or you can buy my book and start your own journey to wealth: https://whythericharerich.com --- Send in a voice message: https://anchor.fm/financialfreedomradio/message
What you've heard is that this economy has been the best in U.S. history….and they are not wrong. The growth in the U.S. economy over the last 10 years would make one think all Americans should be rich by now…..but you and I both know that's not the case. Let us take a step back for a moment….. If we've had the best economy in U.S. history, then why is the wealth gap so bad? Are you even aware of how bad the wealth gap really is?So bad that the last time this has happened historically was when John Rockefeller was building those mansions in Newport, RI…..Yup, it's that bad, although, I do love visiting those estates during the holidays :) If the global economy has been so good, why are global bond yields negative and peaking out at $15 Trillion dollars? Speaking of bonds….the bond bubble is about to pop as well. Global bond markets are dumping to the lowest levels in history.We have not recovered from the 2008 crisis…..it is actually worse. The goal was to inflate the money supply with the hopes that it would reach mainstream Americans but as we've learned, that money only stayed in banking and the stock market. That folks is why the stock market has been the best in history, the manipulation, and creation of money that never reached you or me.Listen in for a nonconformist's view!Sign up to get updates! Get on the email list at thenonconformist.substack.com
podcast all about john Rockefeller by: Aneesha and Ramon
Lauren Parker, Natalee White, Christian Pettigrew
Located in Vernon, NJ, Action Park was the fault of Gene Mulvihill, CEO and founder of Great American Recreation. Mulvihill has been described as quote- "a folksy industrialist in the vein of John Rockefeller, a mad scientist with an oversize toy set or a canny, sometimes pushy businessman who kept politicians in his pocket". Initially intended as a way to keep his ski resort open in the off season, Action Park started the Alpine Slide in '78 and it was all downhill from there. Whether they called it Traction Park, Accident Park or Class Action Park, the people who got the chance to experience America's deadliest amusement park seem to remember it fondly.
Why Dave Decided to talk to Roland Frasier: Roland is one of “the most interesting men in the world”, so why wouldn’t Dave want to interview him?!? Roland hopped form the lawyer yacht onto his investor battleship where he’s scaled 24 different 7-9 figure companies, and he’s having the time of his life while doing it. Introduced to the entrepreneurial world by his father, he’s here to share with us all his amazing insights about networking, scaling your business, and other tidbits he’s learned along his journey of entrepreneurship. Tips and Tricks for You and Your Business: (6:24) How much do you need to know about your financials as an entrepreneur? (11:28) Learn from the successful, both living and dead (30:48) Change is Guaranteed (35:12) Value, You Have to Give it to Get it Quotable Moments: (9:08) “That to me is just the key: having that multidisciplinary approach to getting out of the tunnel vision of just having that one skill of an entrepreneur.” (11:58) “That’s the key. You need to make yourself a student of success. You need to relentlessly pursue knowledge and experience in that.” (25:39) “The key to rapid scale in business and in your life is to partner.” (31:47) “One thing that is absolutely guaranteed is change” Other Tidbits: Roland has been on his own since 16, crushing the real estate industry Want to better improve your networking? Try shutting up and just listening. A lesson Dave is always trying to help his sons learn is the concept of attributing value to others Important Episode Mentions and Links: Business Lunch by Roland Frasier PodcastFunnelHackingLive.comFunnelHackerRadio.com FunnelHackerRadio.com/freetrial FunnelHackerRadio.com/dreamcar ---Transcript--- Speaker 1: 00:00 Welcome to funnel hacker radio podcast, where we go behind the scenes and uncover the tactics and strategies top entrepreneurs are using to make more sales, dominate their markets, and how you can get those same results. Here's your host, Dave Woodward. Speaker 2: 00:17 Everybody. Welcome back to funnel hacker radio. You guys are in for the ride of your life today. I am so, so excited to bring on a dear friend of mine, Mr Roland Frasier. Rolling. Welcome to the show. I appreciate it. So nice to be here. So if those of you guys who don't know, Roland, Roland literally is the most interesting man in the world. He is the puppet master behind a million different brands. This is a guy who basically has been responsible for for literally over 20, I think 25 different companies, taking them for seven to nine figure businesses. The coolest thing for me honestly though, is he's the guy who just makes things happen and you never really see all that you're involved in rolling until you see the aftermath and you're like, oh my gosh, I cannot believe all that. Roland's done everything from digital, TNC and digital marketer and, and war room in addition to a million different other brands. Speaker 2: 01:07 Uh, a guy who's crushed it in real estate, uh, basically been on your own since you were 16 and yet god is real estate license at the age of 18 and just crushed it in real estate, a recovering attorney who basically created one of the biggest law firms in San Diego area before you went on your own, just doing your own investing in. And I think that's the part I'm most excited is no. So many of our entrepreneurs, they start off rolling and probably kind of like yourself or even myself, where you get going. You think someday I would like to be there. And that's where [inaudible] is right now. He's there. It's fun to point to where you're at. I love seeing you. The, uh, you know, Gosh, there's so many things. Let me just kind of dive right in and that's great. So Roland, I do, I know for a lot of our lot of our entrepreneurs as they get going, they're fascinated by people who have made it. And I know I, as I was going through some of the things, just really even a juror, your background and understanding that literally you're on your own since the age of 16, if you don't mind just share a little bit as far as what got you started, how you got this whole entrepreneurial bug and how all of a sudden you find yourself where you're at. Speaker 3: 02:25 Sure. Yeah. I, you know, I think what really got me into it was my father to this day continues to practice tax law and so he had a, just a continuing flow of really interesting characters that were in business, mostly entrepreneurs and he would help them plan their tax stuff. But the side benefit for me as this kid was, I'd see all these great entrepreneurs that were in my social life through my parents. And so I got exposed to everyone from real estate investors to grocery store owners that, you know, the Internet did not exist at that time, shockingly. But, um, I mean, I know I look like I like probably only 20 years old, but now I'm the, uh, the, the thing that was cool was just being exposed to that, you know, there'd be race horse owners and I'm just, you know, restaurant owners and manufacturing people. Speaker 3: 03:25 And so I saw all of them and I was just like, this is really cool. These people are, they don't have jobs, they work for themselves and they work to serve their customers and they found this, this place for themselves that's in a market that makes sense and they're able to have this great lifestyle from it. And so I just was like, I want that. I really am fascinated by that and I want that. And he gave me really great advice as a kid before. No, even when I was in high school, he said, you know, the, the two things that have helped me the most in business are having a, um, an understanding of how to read financial statements. And he took that all the way to being a certified public accountant and understanding what the law is, which, you know, he practiced. He still practices to this day. So for me, I, I, I saw that I was passionate about business. I started reading everything I could about business autobiographies from business people and um, and all of the best selling business books and then marketing and sales and everything else. So it just, I just caught the bug from all of those cool people that, that were in my life at the time. Speaker 2: 04:41 I love it. And I think, uh, I know for myself, I was very similar to us with this whole concept of, of finding out about, you know, kind of behind the scenes. And the autobiographies for me were huge, huge influence in my life. Um, my dad wasn't an entrepreneur at all at bay, was an attorney and he, his whole thing was, you know, you go to school and I was accepted to medical school, was supposed to go to medical school and the week before I supposed to go, I chose not to devastated my dad. And my mom was very happy now, but it's uh, it's interesting is as I take a look at, at your journey and, and really just how you, how you took that experience of other people and learning from them. It's probably one thing that I admire the most about you is you have this ability to see into the lives and to the businesses and to very, very quickly assimilate the numbers, the legal marketing in a way that most people don't. Speaker 2: 05:44 A lot of people would say, oh, I understand how to market this. And you very quickly understand the financials. You understand really the business opportunity. And because of that, that's one of the things that's allowed you to really kind of played behind the scenes. You know, I joke around as far as being the puppet master, but you really are A. I know we've looked at doing some different deals together as far as possible acquisitions and, and it's really one of the things I admire the most is your ability to understand the numbers as well as the business. Could you expound a little bit on, on how in depth the person needs to know as far as the actual financials, because I know a lot of, a lot of entrepreneurs, they're like, know I'm let someone else deal with that and I don't care about it. Speaker 3: 06:24 Yeah. I think that that really just the ability to read a financial statement and know how income statement or P and l, depending on what you want to call it and uh, and balance sheets and cash flows work is really critical because one of, I think the leading cause of business failure is under capitalization and a poor cashflow management. And so that's, that's a critical thing to understand that you can't put off on somebody else. Now a great cfo, a great chief financial officer or a really good accountant will be helpful in, in helping you manage those things. But, but to even get to the point where you can hire those kinds of people, I think as you're getting started, you need. You need to know that just like I, I actually think that every entrepreneur should know how to use click funnels and build a funnel because themselves, because even at the CEO level, to understand what's involved in such a critical component of the business as the marketing funnel or the financial statements is, is really key. Speaker 3: 07:28 And if you understand how that stuff works, you don't have to be like a whizzbang expert. I mean, and I certainly wouldn't ever advocate that anybody do all that button pushing in their business forever, but, but the knowledge of those basics in all of those different disciplines from marketing to finance to hiring, to, um, you know, to sales I think really helps you have a holistic picture of the business. And so for me, when I'm working with somebody, like I'm going into a new business right now, I'm in the process of buying a real estate brokerage, right? A relatively large, fast growing one. And because I have all those, those places to draw from, I can take those and say, here are the opportunities that exist. And as you pointed out, I think that's my superpower, is I can come into any business and say here's at least six opportunities that are significant that we should be doing that we're not, and here's how we're going to do them and here's the prioritization and here's how they all interlock to increase value and also have flexibility for multiple exits and things like that. Speaker 3: 08:34 So having, having the ability to, to have insight into all those things I think is really helpful for people. So even just buying a book on, I think Keith Cunningham has a good book on how to read financial statements and um, and obviously Russell's books on marketing secrets or Dotcom secrets, those things. And um, and just having basic understanding of all those different things, if you're going to be in business, will help you, especially with all the people that you work with as contractors, employees, managers, and business partners. So that, that to me is, is probably the key is just having that multidisciplinary approach to I'm getting out of that tunnel vision that a lot of people have as to their one skill as an entrepreneur. Speaker 2: 09:20 You know, I, I so totally agree. I know when I, when I first got started, I just thought all that matters. I'll just make more money. I'll make more money. That'll solve every problem and it just doesn't work that way. It certainly helps. It's better than not making more money for sure, but it's not enough. Again, I'm, I was just recently actually introduced to Keith Cunningham's work and really been fascinated by it, so I'd highly recommend you guys take a look at the. There's quite a few different books he has out there. Any of them that you recommend specifically Speaker 3: 09:52 that one on reading financial statements. It might be like keys to financial statements or. I think he's got a key in the title. I'd have to look it up, but that it's a very thin book and it's very rich in what you need to know. Speaker 2: 10:05 I totally, totally agree. If a person wanted to kind of develop your superpowers, what additional things? Because I get enrolled, I'm always so impressed by it. It always cracks me up. Anytime I see you a networking and working with other people, you are so observant and so keenly aware of everything that's going on around you as far as the people who's talking to who, what, what's available as far as not only actual tangible assets, but also the emotional assets in the employee assets. How any additional resources or ideas. If a person said, you know what, I would like to become more like rolling in that super power. What else? Where else could they get more wisdom in that area? Speaker 3: 10:47 Sure. The, the, you know, as you and I talked about the, to me, I think the autobiographies and seeing how great entrepreneurs of the past have thought and and when they take the time Speaker 2: 11:00 to share Speaker 3: 11:02 that when they're looking back over their lives, they will. They will identify those key pivot points in their lives and and looking at what they did and how they think and how they approached it, especially when they're thinking back on it I think is absolutely invaluable. So people asked me who, who are your mentors? And I posted a, I think a week or so ago because I had a lot of people asking me at the end of the year and I said my mentors this week, our Henry Ford and John Rockefeller and Conrad Hilton, who all built amazing industry changing businesses and I read, I was reading actually listening to because I can listen faster than I can read listening to their autobiographies. And, and I think that that's, that's the key is you need to make yourself a student of success and you need to relentlessly pursue knowledge and experience in that. Speaker 3: 11:59 So the, the other side of the coin is, you know, learn about law, learn about financial statements, learn about marketing, learn about hiring, learn about all of the different components of a successful business. Get as many mentors either live or, uh, or via a books and tapes and courses as you can network with successful people. Don't network with unsuccessful people. So I belong to multiple masterminds and uh, and yours is a, as on the top of my list for 2019 by the way. So I'd love to chat with you about that after. But I'm being around people who are doing things and staying plugged into the current and by current I mean current like an ocean current of what is working and what is not and where things are going, I think is gives you those glasses that allow you to see around the corners of what's coming next in your business and the businesses that you get involved with. Speaker 3: 12:58 And then on top of that, I'd say go out of your way when without people asking. I mean don't do it a officiously, but, but without people asking, I, I just go out of my way to try to find ways to help other people who are successful businesspeople and who are aspiring successful business people. And that interaction keeps me sharp. I'm always looking for as, as traffic and conversion summit taught me. I'm always looking for the up and comers. If you ever think that the incumbent marketers and the incumbent gurus of today are the only thing that you should study, I think you're missing out on so much that the past has to teach from the Robert Collier's and the Claude Hopkins is. And those folks, um, to the up and comers who are making headway in the business and you see them rising. So when I see somebody be mentioned several times in a few, in an, in a few different places as an up and coming entrepreneur, whether it be marketing or otherwise, I reach out to them and say, I'm hearing a lot about you. Speaker 3: 14:02 I love what you're doing. I would love to connect and get to know you better. So I'm trying to bridge the past, present and future at any given time. And then when I get the chance to be in the company of any of those people, I shut the hell up and listen to what they have to say instead of trying to prove how amazing I am, I want to know what they're thinking and how they're dealing with the challenges and what they see coming and all of that knowledge and experience and networking and helping converges into what helps me to be able to do what I do. Man, sage advice. I love it. I, oh my gosh. I think it's one of the things that I've noticed so much with successful people is that ability to just Speaker 2: 14:52 shut up and listen and not think that they know everything and it's literally Russell and we're talking about this just the other day, how, and I'm sure you've been around long enough to see it as well. There's certain people who at one point were totally on top of their game and then thought they were it and that's all that mattered and they stopped learning and they stopped growing and then all of a sudden they start to taper off and then all they care about a significance and they do everything they possibly can to go out and gain significance and yet they have nothing to give. Speaker 3: 15:24 Yeah. Yeah. It's, it's, it's amazing if a, there are plenty of opportunities to be found in people's desires to be relevant and yes, so true. Right? So that, that's. That is definitely, I think an important thing to know and, and to help people to be relevant. If you can help people to be even more relevant than they are or regain relevance than there are, they will forever love you and, uh, and help you and do anything they can to open every door they possibly can, Speaker 2: 15:57 can do for you. I love it. Well, I'm curious, how did you get involved with TNC? So a marketer and more room. I mean, it's this massive brand that you basically own. Speaker 3: 16:09 Yeah, I, um, so I, I own it with, uh, with three partners, Ryan Deiss, Perry Belcher, and then Richard Lindner who is the president of, of digital marketer and that's all under a holding company that owned several different things. But, um, I met those guys. I listened to one. So my, my internet history is, is fairly long and fairly, uh, from, from very early. Uh, so back in the days when there was Delphi and compuserve and then eventually America Online, right? I had deals with a compuserve and America Online. I had, um, I had lots of websites before when it used to cost me $50,000 just to put up a webpage, you know, because it was all tables in html and stuff like that even before css. So it's, uh, it's been a long, long journey there. Um, and um, Speaker 3: 17:03 that, that stuff just led to trying to find out who could I look to, to learn from. And so around the, I guess it was a, at this point, probably the two thousands, like the 2007 ish. Um, I, I started, I found this group of people that seem to all know each other. It was Jeff Walker was doing pr just, he hadn't really done product launch yet, but he, he did maybe a year or two after I ran across him. And then a guy named Jeff Johnson who was doing all this really cool, hi highly technical, get multiple servers to create link farms back and forth. And I followed all this stuff and it worked. I was like, wow. So I had, I actually still have all things. It's funny, I get the bills for, I can't, I just can't bring myself to turn them off because I love the technical aspect, an aspect of building sites on multiple servers and ips and then sending those over to others and linking back through them. Speaker 3: 18:03 But then I made a ton of money doing it. But along that time, uh, there was this guy, Ryan Deiss who seemed like he had some cool stuff and I can't remember. He had a continuity thing, um, that I subscribed to that where he would give little snippets of code and stuff like that. And then he did this announcement that he was partnering with this guy named Mr x and mr x was doing crazy amounts of volume selling physical products online through Google and things like that through ad words. I remember that sales letter, right? Yeah. Wholesale traffic system. Right. And um, so I bought that and was blown away by it and when they announced that they were having a live event, I went out to it and it was the first t and c first traffic and conversion summit, which I think they, they said they had like 289 or 389 people or something like that. Speaker 3: 19:00 And I was just, I wrote until my hand cramped. I, they, they didn't run events so they were just free form, you know, just, just the whole time was not planned. No agenda, no breaks, nothing. And I'm like I'd have to go to the bathroom but I didn't want to. I literally remember crossing my legs. I wish they would just stop, I have to go to the bathroom so bad, but I don't want to miss anything they're saying because I never stopped taking notes and I'm left handed. So when you handed the ink, you're moving your hand over the ink that you just wrote with or you know. And so my hand is like black, my whole lower hand by my pinky and I got to go to the bathroom and still they're just going on and on and it was so valuable and I'm a. Speaker 3: 19:49 I later found out that they had no idea they were going to lose money on the event and they had no idea how they were going to pay for it. So they decided at the event they need to sell something and the only thing they could think to sell was a mastermind. So they, they decided to call it a war room and sell a $20,000 mastermind and they had I think 20 spaces or something like that and they ended up selling it out and I did not join. Then I talked to a couple of people that were joining and I was kicking myself for the whole year after for not doing that thing because I was like, I don't know, you know, I've got. I had direct mail businesses and infomercials and all that stuff that I was doing. So I didn't know how relevant the. Speaker 3: 20:32 I knew I wanted the online info, but I don't know how relevant that mastermind would be and then I was just even like, I had Fomo, like, or regret I guess for not buying it about a week after the things I should have done it and it was full so I couldn't get in. And so then the second year I, I ran up to the desk and said I want to join the war room, and they said you can't. And I was like, Oh, you're kidding me. It's still full. And they were like, oh no, we haven't printed up the forums yet. I was like, oh, awesome. So I, I mean, so it's really funny. I, I just, my experience was with all of their stuff was as a customer of TNC, a customer of digital marketer, a customer of the war room, and I was a member for, I think it was three years when I was helping them and I didn't really. Speaker 3: 21:24 I didn't really have any big online business or anything at the time. I just wanted to. I, I really loved the marketing and I thought that there would be an opportunity to take their knowledge and apply it into my world, which was more buying and selling companies and you know, helping, helping to, like to buy a company, help to really blow it up in terms of sales and profits and then sell it. And so I started talking to them about that and eventually three years in and I was helping them because of my, you know, my legal and accounting and business background, the opportunity came to, to buy in as an equal partner and I'm with Ryan and Perry. And so I, uh, I took it and as, as a result of doing that, uh, they didn't really have anybody, they had no plans to scale war room and TNC. Speaker 3: 22:16 Ryan was not a fan of events and he'll tell you to this day, he's not a fan of events. They scared, they just scare me as nightmares the week before waking up, thinking that he showed up and nobody was there. Like he walked on stage and there was literally nobody there. So I kinda took over. Um, those two things and got to, got to scale them and grow them and we, we just exited a controlling interest in TNC. We're still programming and, and um, you know, marketing and all of that stuff. But our partner is a giant events company called Clarion that has 250 different events all over the world and they specialize in helping you take things internationally, which I've been fighting with my partners to do for, you know, for the last two or three years. And it was just a question of focus and money and resources. Speaker 3: 23:07 So having the ability to exit and get, you know, get a nice payday for ourselves, but also have the company funded the TNC event funded in a way that allows it to expand his has been absolutely magical. And so now we're, uh, we'll be in the convention center in San Diego starting in 20 slash 20. We're doing one in New York at TNC in New York, the 17th, 18th and 19th of September. We're in 20, 20. We'll be in a Singapore, Amsterdam and probably China, assuming we can get everything together in time, but it's a rapid, rapid, rapid rollout with the capital, the team and the skills that we need to do that. So it's, it's been really fun and exciting and we've got um, uh, I don't know why. And when is this going to air out? It's probably error a second week of January. Okay. So we've got Richard Branson should be coming out. Speaker 3: 24:03 We're in the final. We've, we've got him to agree to come out and so we've got giant people that are coming now because we've got the budget to do it, you know. So it's, it's just now. That's cool. Super exciting. Yeah. And then with war room, same thing. We've, we've blown war room up now to um, you know, to almost 200 members and um, and are looking to double that in 2019 and now we've got somebody that's interested in purchasing a controlling interest in that and our survival businesses, same thing. So it's really fun. Now I'm a in 2019, I'll be six years in as a partner and we have, will have had three exits, plus we still have another four or five, uh, ready. And then we ended up owning continuing interests in these companies, but funded by massive, big, uh, experienced partners that can really help us take everything to the next level role in that. Speaker 3: 25:03 That's a super power. You talked about it like it's no big deal. We're just going to scale this thing out. We're still have controlling power, but just taking, you know, large checks off the table and I think that's part of, you know, a lot of entrepreneurs like, oh my gosh, I would love to be able to get to that point. Yeah. And again, they can, I mean they, they've got through through the tools that you guys have given them. They have all of the basic things they need to catch fire and start that and then they just have to start thinking about the business outside of just the marketing. That's, that's key. And, and so for me and for my partners, obviously the, the secret to rapid scale and in your life and in your business is to partner you, partner with a, with a great spouse who will support you when you do all of the things that you want to do and the difference of people who have found that support and who don't have that support is very marked, right? Speaker 3: 25:58 The difference between having that partnership in your family life that allows you to have the time and the energy and the focus for your business life is incredibly important. And then for me, I'm not, I can market, I can write copy, I can do a lot of things, but I'm not the best at that. So I partner with the people who are. And then it's, it's like super friends, right? It's like everybody or did the turtles or the power rangers. Everybody comes together and you have this super force that can just go and accomplish anything. And so like you partnering with Russell and um, you know, you guys have built a great team there that, that is key. So for anybody that's listening that is just right now that that is experiencing success and they're, they're really starting to to find their space in their market. Speaker 3: 26:54 The big cool thing is that now would be a great time to look for other people who are able to add the skills that you are not the best at so that you give your business the best chance to take off and you get to focus on the thing that is your superpower so that you don't get distracted with all this other stuff. Because I see so many successful people who stop at a million or 5 million or 10 million or 30 million or whatever because they can't. They can't get past like. It's like I don't know how to hire a team or I can't find the money I need or I just don't have the vision of where to go from here. It's all out there. Just partner with somebody. Speaker 2: 27:37 Oh my gosh, I totally believe you in that one. That's it for us has been the main reason we've been able to scale like we have. And I, I remember talking to Dan Sullivan about it a while back with strategic coach and you know, his whole thing is, it's, it's not how I had to find the right. Who and everyone who's ever been fortunate to work with you. You've always been the right who for, for every partner I've known that you've ever had. And it's the role. That's the great thing about you is no one. I've never heard anybody ever say a negative thing about you. It's the coolest thing in business to see that. It's, I'm just amazed that I've never ever heard a negative thing about Roland frasier. It's just so impressive to have that kind of a track record and a very, very small knit community. So congrats. It is, it is a tiny community. Is. It is real quick. I want to jump over to your new podcast because I think it's just awesome right now. So for those of you guys who want to get more of role in which I highly recommend that you do, I've got a new podcast. It's called business lunch with Roland Frasier. Uh, I think you got what, four episodes out? Four or five now? Speaker 3: 28:38 Yeah, it's two a week, so I think there's five out now and then they're doing a long kind of a longer interview on Wednesdays and then a snackable a short, like five to seven minute thing on Fridays. Yeah. So I listened to one. The hacking your bio biology with Dave asprey I guess last Friday. It was awesome. Speaker 2: 28:58 Did Great Guy. And then the first one I heard was with Jj Virgin and I think uh, and I think you're doing these videos, aren't you? Speaker 3: 29:07 I am not yet. I want to but um, but like and I should but I just haven't gotten that part down yet. I'm very excited to have finally gotten the podcast out because I wanted to do it for like three years and I just never, you know, never took the time. But I do shoot little videos all the time when I meet with people and then post them on facebook and whatnot. So I'm going to start putting those on youtube as well. So video is a, is fast approaching. Speaker 2: 29:36 Awesome. Well, for those of you guys, again, the great thing about rollins podcasts as you have the opportunity to listen to it as it goes into for one, your network is just so vast and you could literally, you're one degree of connection away from basically anybody at all, which is awesome and so the people you're having on there just super cool, but I think the part I like most as far as just hearing just how candid and just the banter back and forth between you and jj was hilarious. It just, it was just so just natural and just flowed so well. Just it was really a lot of fun and I think for those of us who don't know rolling that well, one of the, again, I always refer to you as the most intriguing man in the world here because you have this lifestyle that is extremely nice, wealthy lifestyle. But the fun thing is you play the game of trying to get upgrades and points and and different hotels and stuff and it's just. I heard you guys talking with Jj back and forth a little bit about it. So any tips as far as for traveling, I know you do a lot of traveling for our, for our audience here, any tips you would recommend as far as where they should get the best upgrades or points or anything else to have a better lifestyle while they're traveling? Speaker 3: 30:50 Yeah, I have a lot. So the first thing I'd like to do is thank you for, uh, for seeing what I, what I'm trying to do with the podcast because I, I've seen like, I have a lot of reviews that are great and I've got a couple of people that say there's no takeaways, be more tactical. And so I just want to say that Speaker 2: 31:09 there's a place for tactics and there's a place for mindset, but mindset always trumps tactics in the long run. So you need both. But there are plenty of podcasts out there that have ridiculously good Speaker 3: 31:24 tactics, including a lot of the stuff that you guys put out right in digital marketer puts out. Speaker 2: 31:28 But, but the thing that, that I think is really important to see is that if you can have a peak into the way that Speaker 3: 31:41 entrepreneurs who've achieved great levels of success, I think at, again, like we talked about with the autobiographies, those pivot points in their lives, and you can see that most of the people that I talk with are always upleveling their. They're never complacent. So that's, that's one thing like the people that you mentioned that say, Oh, I'm a successful, I don't have to learn anymore. Well, the one thing that's guaranteed is change. And so I, Speaker 2: 32:06 I operate as though Speaker 3: 32:09 everything that I'm doing right now is going to be irrelevant and changed completely three years from now. So I know that keeps me hungry and it keeps me motivated to find new ways to up level Speaker 3: 32:25 as I go along. And, and as you, you listened to a jj or um, you know, when you guys do like the story of click funnels is constant upleveling and, and, um, the interview with Frank Kern or Tucker Max, you know, Gary v or any of those people, they're all, they're all focused on where's the next place to go and they're not satisfied with where they are. They're not unhappy. They're just not content and complacent. And so I think it's interesting to see that and it's so important as a takeaway. So if somebody listens to the JJ interview and says, I didn't have any takeaways, I don't know what to do, well then you missed everything and you're probably not going to be wildly successful because you see she went from aerobics instructor to Speaker to Dr Phil guests to bestselling author and on and on and on to qvc personality now, right? Speaker 3: 33:22 It's, it's, it's the, the thinking have, well, okay, I've got this. How can I serve, how can I succeed in this? But also where am I going to go next and how am I going to make that leap? And, and they're all terrified along the way. We all are as entrepreneurs and entrepreneurship is hard. I mean, it's fricking hard, right? So you've got to, um, have a peak that, that is the case for everybody. And there there've been those challenges all along. So that helps you see that there's a place for you to go. It helps you see that everybody has challenges that they're, they're frequently, especially when they're coming up, betting the farm and um, and they don't know where the next thing is going to come and you know, they might not know how they're going to make payroll or how they're going to pay for this mastermind they signed up for or whatever. Speaker 3: 34:11 But, um, but they always make it happened. And so that fascinates me. And I think that it, the other thing is that networking and relationships will determine your level of success in the grand scheme. So it you, you can design a great funnel sitting behind your computer, but what you can't get is the 20 people that are going to help you blow up your product and connect into retail and find the partners that you need to help you promote and find the right CEO or cfo or whatever, or team members it, it's, it's the relationships outside of that. So all of that is what I try to get down into when I'm talking to somebody. And so having those relationships to where I can talk to those people and have them actually just have a conversation I think is super helpful. Speaker 2: 35:09 Oh, I love that. I, I'm such a huge believer in that. I just want things. I've tried to teach my four boys. His life is all about who you know and relationships and providing a ton of value and as long as you're out there always providing more value to other people, you may not get the exact deal that you want, but something else always comes. It just does. It's just the most amazing thing. I've never, I've always been so appreciative to those people who taught me that early on my life as far as the importance of you just develop strong relationships and you just have idea where they're going to go or how things will cross in the future, but networking relationships to me is it's what life's all about, Speaker 3: 35:44 which is why you should always try to help everyone that you can and don't ever disregard anyone. And I like. There was a book I think called what got you here, won't get you there. Yes, and for me it's who got you here won't get you there. Which is to say that the people who got you to where you are a, you don't forget, you don't throw away. You know, we say in the south, you dance with them that run you, but also you have to realize that the people that, that have people who have not been where you want to go will not probably be able to get you to where you want to be. So you have the the job as an entrepreneur, if you're seeking ever greater success of nurturing the team that you've got, supporting them in their development as business people to help support you and the company and their own personal growth and also helping them to find resources in terms of people that you bring into the company who have been to where you want to go so that they can help everybody move up. That rising was it the rising tide raises all ships or something like that. That's, that's the thought and so I think that's a really important thing to keep in mind. Speaker 2: 37:05 I appreciate that. We'll roll and I could talk to you for days on end and it, but I appreciate your time as well. As we kind of get close to wrapping things up. Anything else that you want to share with our audience? Speaker 3: 37:15 What is the main thing that your audience needs? Would you say what? What most people listening right now, what are they struggling with? Speaker 2: 37:22 I think mindset is always one of the biggest things and whether a person wants to agree to or not. It's been interesting this past year I've been, I've hired quite a few different coaches, one for a fitness, another one from nutrition, another one basically, and finances and then a jerrick Robbins, Tony Son for more of a personal development side and he's the one who actually introduced me to a, to Keith Cunningham is great. I love him. I just, I, I. It was one of those things where I was struggling. You know what I think the thing I really need here is mindset and yet I thought, man, I've been on the news a long time. It's like I'm pretty much on top of my game, but it was fascinating for me this last year and how much I've appreciated just it literally to me again, I know Tony talks a lot about as far as it's that two millimeter change. These aren't drastic changes you have to make. Yes. Little tiny changes that just make just massive, massive changes. And so for me, I know a generic was talking a lot about just the relationship with my wife as we celebrate 25 years of marriage in November. Oh, congratulations. Thank you. We've had just a great marriage, but it went back to what you just said and that was the relationship that got us to where we are, won't get us to. We want to go. Speaker 3: 38:36 Right. And so again, anything you have on mindset or on that side I think would be of extreme value. Gosh, there's just. There's just massive broad topic basically, but I think that I. I guess the thing, the biggest thing is, is if you can always realize that you're thinking too small, no matter how much success you feel that you've achieved and how much you want to pat yourself on the back or how much everybody else's patting you on the back and telling you how great and smart you are and everything else. That there are so many people in every area and you broke down a lot of them really, really well there. And in terms of your coaches, which is by the way super impressive that you're working on all those areas at once, but that you're thinking too small in terms of how good your relationship with your spouses or your significant other. Speaker 3: 39:28 You're thinking too small in terms of how your relationship with your children are in, what, where your business is and how fast it's growing and the income that you're making, all of those areas, uh, how you're taking care of yourself. You're always thinking smaller than other people who are out there, so never get cocky to the point that you don't continue to stay hungry to improve every one of those areas of your life and realize that every one of those areas of life interlocks with every other area and can constrain it or, or propel it. And so I think that if you can just stay mindful of that, that you, you aren't as great as you think you are, but congratulations on where you've gotten, but you've got to get to the next place because there's always somebody coming up behind you and there's always somebody that's way ahead of you and there's always so much to learn. Speaker 3: 40:24 Oh, I love it. Well, thank you so much Roland. If people want to get ahold of you, obviously they should go listen to your podcast. Again, that's a. make sure you go, yeah, just a business lunch, a business lunch with Roland frasier. I got the Roland Frasier Park down. I forgot the business lunch part. No problem. Lunch with Roland Frasier. Make sure you check that out on itunes or wherever else you look listening to podcasts, so business lunch, Roland Frasier, and if they want to reach out to you. Any other ways of getting ahold of your content? I have a my website, Roland frasier.com or all the social medias. I'm always like on facebook, linkedin, Insta, a, all of those places. It's always forward slash Roland frasier. Awesome. Well Rolling. Thanks again Brad. We'll talk real soon. Thanks Dave. Really appreciate you having me. Speaker 4: 41:07 Hey everybody. Thank you so much for taking the time to listen to podcasts. If you don't mind, could you please share this with others? Rate Review this podcast on itunes. It means the world to me. We're trying to get to as a million downloads here in the next few months and just crush through over 650,000 and I just want to get the next few 100,000 so we can get to a million downloads and see really what I can do to help improve and and get this out to more people at the same time. If there's a, there's something you'd like me to share or someone you'd like me to interview, by all means, just reach out to me on facebook. You can pm me and I'm more than happy to take any of your feedback as well as the people you'd like me to interview. I'm more than happy to reach out and have that conversation with you. So again, go to Itunes, rate and review this, share this podcast with others and let me know how else I can improve this or what I can do to make this better for you guys. Thanks.
O 9º livro mais vendido de todos os tempos se propõe a responder: qual o segredo para ser milionário? Por vinte anos, Napoleon Hill se dedicou a responder a essa pergunta. E conseguiu. Convivendo com mitos com Henry Ford, Thomas Edison e John Rockefeller, o autor escreveu este clássico com 15 características comuns a todos esses grandes vencedores. Aproveite!
I've noticed a trend with extremely rich and "successful" people. They think big; meaning they have incredible vision. But they match this "dreaming" quality with extreme and cutting practicality...an ability to see what's true that is superior to the average person. Most people ignore what's true, because what is true causes pain and confusion. In John Rockefeller's book, he explains why it's so crucial that you always pay attention and see things as they are. http://imnotyou.com/bookclub
Welcome to the first part of this intro series to “Finance and Fury”. This series is brought to you by THINKING, as thinking is where this all started! Thinking about the easiest solutions to reaching financial independence. And, in doing so, helping to give you greater value in the time you spend listening to us. But trying to solve a problem where we would need a lot information and different perspectives to actually get to the root cause, we needed to start asking listeners and people that we deal with day to day what are the common set of problems that they face are. Because if there’s a common set that everyone has, then that would be a pretty easy thing to focus on first to try to solve. But like most people, most of their goals and the problems they faced to meet these were all different, and not only that, they had different ones over different time periods. One thing though that they had in common was being frustrated that these were all still problems. So, frustration seemed like a pretty good place for us to start then because, just like a runny nose it is a symptom of an underlying cause. Frustration is a good sign that something’s wrong. At lot of our frustrations come from knowing what can be, versus what is. Getting frustrated that we aren’t in the position of what we know can be. I get pretty frustrated with my headphones when I get them out of my gym bag after they have been rolling around in there for a week or so, they tend to resemble a rubber band ball, and I get frustrated trying to untangling them because, I know what their functional state looks like and the longer it takes to untangle them, the more frustrating the situation becomes. But hey, if I didn’t want tangled headphones, I probably shouldn’t leave them in a gym bag. Seeing stories of those who appear to have reached financial independence so easily has really shown a lot of society what can be. But it’s also really disheartening because for us, it’s not what is. Especially with the majority of people that we are exposed to on TV, movies or music and just the entertainment industry, generally have little to worry about financially, and subconsciously I think we know it. So, with these frustrations we had something to work with, and it’s a pretty good starting place to look for a common cause across all. To kick the process off, we wanted to take a step back to look at maybe if the cause could be a macro issue, something that’s inbuilt into society affecting everyone. Because, if that is the root cause it’s going to be pretty hard to come up with a solution to it In today’s society when we have greater access to investments, and the systems that allow us to actually accumulate wealth we have greater access than ever to laws to protect us, property rights to keep what we have, banks to save money, online access to buy a share just with the click of a button. So, if we have the ability to purchase investments, be protected to keep what we have under the law, have places to deposit that and hold it securely, then society has the underpinnings of what it takes to actually be able to maintain and keep wealth. Obviously, this doesn’t hurt trying to reach financial independence, and especially with the fact that the world is actually becoming wealthier off the back of this. And the proof of this comes from a study by the world bank where it shows that poverty’s been cut in half over the past 30 to 15 years depending on how they measure the time period. So, in most of our lifetimes at this point, more people have been lifted from poverty than during the whole of human history. In the last 15 years alone more than half of the world’s population has been lifted out of the standard definition of poverty so there’s more wealth being generated across the board for everyone. But is there someone who is taking the majority of this, or getting in our way? For these people in society, we might look at the notorious 1% But… you may know some of the people in this shadowy group. Because the latest figures for Australia show that to make it, all you need to do (beyond learning the secret handshake) is earn above $237,000 a year. So, if you’re earning $237,000 per year, your take home pay after you pay tax is about $152,000. It’s a pretty decent income after tax. But does it really give you the wealth you need to have private jets and yachts and be this elite 1%? And are they actually sucking up all of the wealth, as a lot of studies and publications are actually claiming? To look at this we really need to break it down because I see two answers to the question, depending on how you view wealth is created, and more importantly, who should receive it. Say for instance, every year a pre-set amount of money was just gifted to the population – cargo jets come in during the middle of the night and just drop trillions of dollars onto the population and the fat cat 1% dip their hands in, grab it all, grab as much as they can and by the time they’re done, we get the scraps. If that how it works, then it’s completely unfair. But, I haven’t figured out who this donor would be, or who’s piloting these big jumbo jets… because whoever is actually distributing this wealth in this system would need to generate it. Otherwise it would simply be that they’re borrowing the money to give out or they’re taking it from others to give out. Neither of those actually generates any wealth in society. However, what if wealth is something that is created, by individuals through voluntary transactions with other willing participants for their goods or services, then that’s a different story. Imagine that someone creates something that we all really want. Maybe an iphone, and people wanting this iphone purchase it. This individual then is selling their product and collecting money from people buying it. The person that creates the best product and has the most amount of people buy it (giving them therefore the most amount of money) accumulates the greatest level of wealth. How good their product is compared to everyone else’s determines the level of wealth they are able to accumulate. To look at these people, we need to go to the top 1% of the 1%, or the Billionaires. Is it these guys who are keeping us down? From 1870-1890, John Rockefeller; one of the wealthiest individuals in history (you might have heard of him, if you haven’t just think about Rockefeller Square in New York – same dude). In this time period he was in charge of Standard Oil, and what he did was create oil (or petroleum) that was actually mass produced and accessible to people to a point where it was extremely affordable. So, they could now purchase oil for power for far less and they could spend their money on other things. If you have money to spend on other things, while your total level of income hasn’t gone up, your total level of technical wealth has gone up because you can now have more money to spend elsewhere. And, here’s an example of one of the wealthiest men in history making everyone else a bit wealthier because they dropped the price of something that was an essential good for everyone. What’s also been theorized about that is now people could actually afford to light their houses for a longer period after dark especially, literacy rates rose drastically over this time. Even for those of you environmentally concerned, because oil might not be seen as the best thing, it actually took over Kerosene as the primary fuel source for lamps. Remember, 1870 or so, cars weren’t really being mass produced yet so oil wasn’t really going towards the petrol side of the story, but instead for people to use as energy in lighting their houses. This drop in Kerosene as the primary use created a drop in the price from the 30c to 6c a gallon. The primary source of kerosene back in the day, was whales. This price drop reduced the US whaling fleet from 732 to 200 over the same 20 year period, after which it still continued to decline. Whaling is fairly expensive, fairly risky - not worth it compared to oil. So hey probably single handedly managed to save more whales than anyone in history. And even in modern times, Bill Gates has made PCs affordable and accessible for everyone so not only can we all afford more than one computer in most Australian households, you now have more money to spend elsewhere thanks to that. And you’re more efficient because you can email, research things online…and think about Henry Ford and the mass production of automobiles – the amount of time he has saved us getting to places through making cars publicly available to everyone at relatively affordable prices has improved everyone’s lives. I think that Billionaires do really improve our lives overall. We probably wouldn’t have Facebook, the iPhone, Computers or name any other thing that we use every day without most of them. These inventions have come from individuals who want to accumulate wealth (and even if they don’t want to they end up accumulating wealth) off the back of creating something so good that people want to buy it. Without them, as well, someone else would need to employ all the people they do from these companies that produce these goods and services. The people they employ, most of them are receiving a salary from their employment – and this is the key component in wealth accumulation for a lot of individuals. While society portrays these billionaires as greedy hoarders, they provide massive benefits through flow on effects to everyone. It is just very, very hard to quantify and much easier to say they’re the single problem to today’s wealth inequality issue. Sure, some may be corrupt, but that is because they are people. People can be corrupt, greedy, violent across the board regardless of wealth. This is human behaviour. Sure, having money can bring worse traits out in people, but it’s not the money’s fault – it’s the underlying traits of the individuals’ nature. Money just might give them the ability to start acting like a d**k. But even though some people have become wealthy from committing crimes and ripping people off they often don’t keep it for long. They go to jail, they get caught, and that’s why we have the laws in place to protect individuals from these people stealing money and accumulating wealth from ripping other’s off. Okay, so our access to goods and services is better than ever, there is more wealth in the economy than ever, survival has never been easier, our ability to keep what we earn has never been better...so...why hasn’t financial independence solved itself? It’s simple – escaping poverty or becoming a billionaire are completely different to financial independence. What the hell is financial independence anyway? And, how do you get it? The news and entertainment shows that we see if they ever cover anything financial, it is a problem someone is facing; they’re defaulting, someone’s repossessing their house, or other ways that they show you is just saving up on your electricity bills or the best way to your water output. And, learning to save on anything is awesome but it’s only great if the money that you saved isn’t wasted on spending elsewhere. I get it! It’s hard to really educate properly when you are trying to entertain through a show – and that in itself determines what you see on TV more than anything; just the number of eyes that the program will draw will give you the content. That’s more entertainment value than giving someone a valuable piece of education Instead, the complete opposite to the message of financial independence is more common to be broadcast - that equality of outcome is more important. And that’s actually the complete opposite to financial independence. People should be really, really careful what they wish for, and when asking for the same outcome for all because even if everyone is on the same income today – everyone earns $50,000 regardless of what they do, it wouldn’t take long for some to start earning more. Because, say if you’re earning $50,000, your living costs are only $20,000; you’re living on a bag of rice a day, you live very, very, very, very minimally, you’ll save a lot of money and you’ll be able to invest that to earn more and more income over time If you’re spending $60,000 a year, you’ll be getting into debt and your disposable income will be going down over time. And therefore, you’ll have less than $50,000 because you’ll be repaying debt. So, the level of tyrannical government control that actually would be needed to enforce a system to make sure that everyone is on the same equal playing field to make sure everyone’s financially independent, universal basic income, we give you all $50,000, no worries. That system has been tried. And it doesn’t work. There’s a lot of evidence even over the past 100 years. If you want to look at how well it works just try to ask the hundred million people who have died under that system in the past hundred years – of state-controlled regimes that try to solve inequality and give the people the message of financial independence if only they just give the power to the state they’ll look after them and give them all the money that they want. The outcome of this is actually having no independence because everyone is dependent on a totally equal society where no one can get anything – not even food. People starve under these regimes. If you don’t believe me, its currently going on right now. The Venezuelan President at the end of last year came up with a genius "rabbit plan" and it was actually to encourage the population to breed rabbits to eat as a source of animal protein. Children’s mortality rates had spiked 30% due to starvation related diseases and some blamed the oil collapse for prices and it certainly hasn’t helped because their socialist society was built on an oil-based economy, having the largest oil reserves in the world. However, why has no other oil producing country gone through the same thing? And when you have the largest oil reserves in the world but yet you’re importing oil maybe that’s not a good sign that you’re running things efficiently. And if you’re not running things efficiently it’s very, very, hard to get any profit in society to give people growth and economic wealth I spent a lot of time thinking about this. Why have other countries gone through a similar thing and why have others not? I have spent so much time we’re going to cover it in episode no.7 to save time here, but it’s essentially a system from a stable economy into a death trap within a few years. So, by this point if we’re not in a similar system currently it looked like the macro or society level was actually set up to help us gain financial independence. And that comes back to the micro level or individual level where the first steps is just defining financial independence because it’s something that everyone mentions, everyone talks about but when you ask someone what it is what that looks like, it’s more or less a different answer every single time. This is just my definition, and what I think it really means at the core – financial independence is really reached once you have the ability to choose how you spend 100% of your time while maintaining the life that you want to live. So this is just my definition, as I said before everyone has a different idea of what the concept is and what financial independence actually looks like. This is why turning to a collective power to give us financial independence has never worked because everyone’s different everyone’s got different needs and you cannot be financially independent through relying on a system of dependence So if we are totally self-reliant and can afford whatever we want and have the freedom to travel to wherever we want does that actually mean you’re still independent and do the billionaires who use the same phones, laptops and have the same life expectancies almost as we do as well. And isn’t the feeling of independence the underpinning of the whole concept that we’re striving for. So independence is really the thing that people are wanting but the focus is so much on wanting the finance which is just a tool you use to support that independence The great thing about society, and reality, is you can actually negotiate with the future …so you can control the future if you just work it out with the present – you negotiate with the present now, you set some stuff up and you can determine a better outcome for the future. So you can negotiate your future saying hey, we want to have financial independence in a certain amount of time, here’s what we’re going to do now to achieve it. And the future will reward you for that. Or you can just ignore it and see where you end up in the future. So, helping people to find this in their own lives and provide a system to really make it happen was something we wanted to put into place. And along the way we want to hear from you as well because, by the end of the series if you think we’ve left any causes, or anything, unaddressed please let us know because the more feedback we get the greater value that we can actually provide. And it’s not very wise to build a house and ignore someone telling you there’s a hole in the roof when there evidently is and the water’s leaking through So now that we’ve got the macro out of the way, we’ll start going through the micro and the individual levels in the next episode where we start building the house I hope you enjoyed it, and I’ll see you in the next one
What I learned from reading Titan: The Life of John D. Rockefeller by Ron Chernow. If you want to listen to the full episode you’ll need to upgrade to the Misfit feed. You will get access to every full episode. These episodes are available nowhere else.As a bonus you will also get lifetime access to my notebook that contains key insights from over 285 podcasts and lectures on entrepreneurship.The Misfit Feed has no ads, no intro music, no interviews, no fluff. Just ideas from some of the greatest entrepreneurial minds in history. Upgrade now.
En el programa de esta semana realizamos un estudio post-mortem de la epidemia de VIH que afecto al pueblo de Austin, Condado de Scott en Indiana, USA entre el 2014-2016 basado en la publicación de un articulo de análisis filodinamico de dicha epidemia publicado el 5 de octubre del 2017 en el Journal of Infectious Diseases. Referencias: Ellsworth M. Campbell y colaboradores. Detailed Transmission Network Analysis of a Large Opiate-Driven Outbreak of HIV Infection in the United States. J Infect Dis. Octubre 5, 2017. Phillip J Peters y colaboradores. HIV Infection Linked to Injection Use of Oxymorphone in Indiana, 2014–2015. New Eng J med. July 21, 2016. Michelle Van Handel y colaboradores. County-Level Vulnerability Assessment for Rapid Dissemination of HIV or HCV Infections Among Persons Who Inject Drugs, United States. J Acquired Immune Deficiency Syndrome (JAIDS). Nov 1, 2016. Frase de la Semana: Es de John Rockefeller, 8 de julio de 1839 - 23 de mayo de 1937) fue un magnate de negocios de la industria petrolera estadounidense y filántropo. Considerado ampliamente como el estadounidense más acaudalado de todos los tiempos. Fue fundador de la Universidad de Chicago y del Rockefeller Institute for medical Research (hoy en día Rockefeller University) La frase dice: “Cada derecho implica una responsabilidad; cada oportunidad, una obligación, cada posesión, un deber".
I think the eventual target you want to hit is at least 2 hours of most important maker work. Everybody I know who does 4 hours of whatever's most important every single day is very successful. Sometimes your wrong, you go down a rabbit hole, and it doesn't work. That's fine. It's part of the game. As long you as do 10 minutes, you've got a placeholder in your life, and things keep moving forward. It's when you take 2 weeks off, suddenly things get dusty, you don't remember what you're going to do. People get busy, forget what's important and then don't get what they want. – Sebastian Marshall Sebastian Marshall is an avid student of history and strategy, and digs into historical eras from Sengoku Japan to the Renaissance, the Napoleonic Wars and the Pax Brittanica, the Rise of House Rothschild and John Rockefeller, Bismarck and Moltke's Unification of Germany, the Roman Republic and its various conflicts and shifting alliances, the Great Dynasties and Inventions of China, through to modern-day information economies, publishers, and pioneers. See acast.com/privacy for privacy and opt-out information.
Guest Henry Wiencek explores the deep contradictions and equally varied representations of John D. Rockefeller, the self-made millionaire whose name became synonymous with industry and free enterprise.
Cutting Through the Matrix with Alan Watt Podcast (.xml Format)
--{ The Bandit Bund of the International Monetary Fund: "Escalating Drumbeat of the IMF Repeated Ad Nauseam 'til We're Deaf, Scary New Seer, 'The End is Nigh, Unless You Leave to Us Who'll Lend, Who'll Buy,' World Merchants of Mammon Rule Earth's Waves, Levelling Globe into Masters and Slaves, New Winners They'll Raise, Others Demolish, Sole Power of Purse, its Magic Astonish, Experts Say Sacrifice for Bright New Day, Tune Doesn't Change, Peasants Always Pay, Now Taking from You Almost All You Earn, As Your Fathers Before, and Never Learn, Each One Knows Within What Must He Do -- To Slay the Beast That's Devouring You" © Alan Watt }-- Language and Logic - Culture Wars, Predictive Programming for Future - RIIA, CFR, IPR, Amalgamation of Europe and Americas - Rule by Intelligentsia - Guise of Democracy. United Nations, UNESCO - Guided by Experts, Scientific Dictatorship, Academia - Mandell House, Good Reason and Real Reason - Freemasonry. Religion, Rights to Human Life - "Freaks of Nature", Evolution - Training the Victim, Loving Big Brother. Futurist Society, Agri-Food Business - Crisis-Nightmare Creation, "Protecting You" - "Proper" Belief - Foundations, Interdisciplinary Sciences - Slogans, Repetition. Malthus, Graphs, Overpopulation - BBC-British Propaganda, Economic Shrink - IMF, UN, Warfare Strategy - World Co-ordination, Building Consensus. Britain, Brass Bands, Marching Military, Uniforms - SWAT, Special Forces, NATO - Anti-Terror Legislation, Police State, Use of Force. Constant Rainfall, Aerial Spraying, Flooding and Drought in Farmlands - "Soylent Green" movie. Historians' Slants, Will Durant. (Articles: ["The Disappearance of Food: The Next Global Wild Card?" [Also look into Chatham House (RIIA / CFR)] by John Rockefeller (wfs.org) - The Futurist, May-June 2009 Vol. 43, No. 3.] [" 'Deeper' recession ahead says IMF" (news.bbc.co.uk) - April 22, 2009.] ["UK government borrowing at £90bn" (news.bbc.co.uk) - April 22, 2009.] ["LAUREN BOOTH: Wake up and smell the pepper spray. These 3,609 new laws are to control us, not protect us" by Lauren Booth (dailymail.co.uk) - April 19, 2009.] ["Cops and citizens" by Ken Macdonald (guardian.co.uk) - April 17, 2009.]) *Title/Poem and Dialogue Copyrighted Alan Watt - April 22, 2009 (Exempting Music, Literary Quotes, and Callers' Comments)
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