Podcasts about poor charlie

I'm super excited to share our latest episode with you. This time, I had the pleasure of chatting with David Sawyer, the co-founder and CEO of Unlimited AI. David's journey from Texas to the private investment sector is nothing short of inspiring, and I can't wait for you to hear his story.Here are some of the key takeaways and intriguing points from our conversation:

Welcome to another episode of the Private Equity Podcast, today I'm joined by Nayef Perry, Head of Direct Credit at Hamilton Lane. We dive into the state of the private credit market—where the opportunities are, how interest rates are shaping returns, and what investors need to watch out for. If you want a sharp, no-fluff breakdown of where private credit is heading and why it still has room to run, this one's for you.Breakdown:[00:00] Nayef Perry, Head of Direct Credit at Hamilton Lane, joins to discuss the private credit market, interest rates, and market outlook. [00:30] Background: Born in Miami, ex-consultant, GE Capital, joined Hamilton Lane in 2013. [01:13] Private credit's golden era isn't over—higher-for-longer rates mean higher yields for investors. [02:11] Despite growth since 2008, private credit isn't overcrowded—$1.4T credit gap vs equity. [03:36] Add $600B+ in upcoming maturities, and there's a $2T+ opportunity over next 3–5 years. [05:30] Hamilton Lane's deal drivers: add-ons, recapitalizations, and recovering LBO activity. [06:52] Credit lags LBO recovery but Hamilton Lane sees strong deal flow via LP relationships. [08:42] Democratization: retail access growing through evergreen funds—low minimums, high liquidity. [11:01] Biggest concern is defaults, but default rates and distress ratios remain below averages. [14:55] Credit shines across market cycles—positive performance every year since 1999. [16:51] Tight performance band and low volatility make credit an all-weather asset. [17:44] Investment discipline is key: big deal funnel + strict filters = consistent returns. [19:03] Four core criteria: top-tier sponsors, #1/#2 market leaders, recession-resistant sectors, strong capital structures. [21:01] Influences: WSJ daily, Poor Charlie's Almanack, Red Notice, industry reports.  [23:54] Thanks for tuning in—subscribe and keep smashing it.Connect with Nayef Here.Thanks for tuning in!Subscribe for more episodes on  iTunes & SpotifyGot feedback or questions? Email Alex at alex.rawlings@raw-selection.com. Until next time—keep smashing it!

In this episode of Grow a Small Business, host Troy Trewin interviews Eric Jorgenson from Scribe Media, who shares his remarkable journey from author to CEO after the company faced bankruptcy. Eric successfully rallied investors to acquire Scribe Media and is now leading its impressive turnaround, projecting growth from $6 million to $9 million. Beyond his leadership at Scribe Media, Eric is also a successful author with over 1.5 million books sold. This conversation delves into his strategies for business revival and leadership insights at Scribe Media. Other Resources: The Almanack of Naval Ravikant: A Guide to Wealth and Happiness. The Anthology of Balaji: A Guide to Technology, Truth, and Building the Future An easy way to measure if your customers love you in 21 minutes – use the Net Promoter Score (NPS). And it's FREE. Boost productivity by 7–23%, triple team engagement, and double retention with ESOPs! Expert Craig West reveals benefits, costs, and timelines. (Episode 55 - Craig West) The Great Game of Business, Expanded and Updated: The Only Sensible Way to Run a Company by Jack Stack Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice.   And a snapshot of the final five Grow A Small Business Questions: What do you think is the hardest thing in growing a small business? Eric Jorgenson said the hardest thing in growing a small business is dealing with entropy, alignment, and constant surprises. He emphasized that it's not for the faint of heart and requires continuous effort to manage these dynamic challenges. What's your favorite business book that has helped you the most? Eric Jorgenson's favorite business book that has helped him the most is Poor Charlie's Almanack. He also mentioned Zero to One by Peter Thiel as an exceptional book for understanding the foundational principles of business. Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Eric Jorgenson highly recommends Founders Podcast by David Senra. He described it as the most important and impactful podcast, where David dives deep into biographies of the greatest founders in history, extracting powerful lessons and patterns for business growth. What tool or resource would you recommend to grow a small business? Eric Jorgenson recommends using ChatGPT as a powerful tool to grow a small business. He emphasized that everyone just became 2–10x more productive with it—if they learn to use it well—highlighting its potential to dramatically boost efficiency and innovation. What advice would you give yourself on day one of starting out in business? Eric Jorgenson's advice to himself on day one of starting out in business would be: "Spend a lot more energy figuring out what to focus on and then focus — build the discipline to reorient quickly and follow through on the most important things." He emphasized the importance of filtering noise, closing loops, and trusting your instincts through repetition and outcomes. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.     Quotable quotes from our special Grow A Small Business podcast guest: Writing a great book can change your life—and your business – Eric Jorgenson A small business flourishes when everyone rows in the same direction – Eric Jorgenson You're always one great hire away from transforming your company – Eric Jorgenson  

Charlie and Lewis Shaw duke it out over "Tax the Rich" being the wrong message for young people who want to own a home. Watch the video here: https://youtube.com/live/CnMlbECWYiEThe government will always mess up the housing market. Rich people will mostly always be greedy but you still want to own a home. Complaining about who's to blame will never get you into a home. Deciding to take matters into your own hands can and will, without being a millionare or entrepreneur. Here's how. DOAC Interview with Gary and Dan Priestley: https://youtu.be/4yohVh4qcas?si=JfsXpUZXB8idU2yhChris Williamson and George Mack on "Agency" (Self reliance) https://youtu.be/iVl5FLRuGXI?si=NiH7BbDt0D9W3oV1Join the Movers Club Private Q&A here: https://buymeacoffee.com/mhwc/membershipIf you'd like to talk to me find me here: https://mhwc.co.uk/speak-to-charlieAgents: Get your free instruction leads here: https://bestagent.co.ukGet your weekly copy of the 5 Fact Friday newsletter including newsletter-only video here: https://mhwc.co.uk/newsletterSupport the showFollow me on X for daily updates: https://x.com/moving_charlie Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancingCheck out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home. If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgageAll my other links: https://linktr.ee/movinghomewithcharlieFor my estate agency podcasts, visit https://linktr.ee/bestagentIf you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents

In today's episode, Shawn O'Malley and Daniel Mahnke break down Hershey (ticker: HSY), a company about so much more than chocolate. From Hershey's Kisses to Reese's, Skinny Pop, and Dot's Pretzels, Hershey's is home to a number of iconic brands and is turning into an increasingly diversified snacking company. In this episode, you'll learn how Hershey's was founded, why chocolate brands are hard to scale internationally, why Hershey's is diversifying into salty snacks, what Hershey's is doing about a global cocoa shortage, plus so much more! Prefer to watch? Click here to watch this episode on YouTube. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 04:41 - Hershey's unique origin story 16:09 - How the company is responding to global cocoa shortages 22:19 - Why Hershey is unlikely to be acquired and its plans for growth 23:36 - The origins of Hershey's unconventional ownership structure 29:27 - Why Hershey's isn't as popular outside North America 39:53 - What made Hershey's diversify into salty snacks 42:45 - Why the stock has been so beaten up over the last 18 months 35:12 - How Hershey's stacks up against competitors 1:00:20 - What is Hershey's intrinsic value per share 1:07:44 - Whether Shawn & Daniel add HSY to The Intrinsic Value Portfolio And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter. Hershey's 2023 pitch on the Value Investors Club Forum. Check out Poor Charlie's Almanack. The History of Hershey. Hershey's annual financial reports. Check out our previous Intrinsic Value breakdowns: AutoZone, Alphabet, Ulta, John Deere, and Madison Square Garden Sports. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try Shawn's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Shopify CFI Education TurboTax Airbnb Connect with Shawn: Twitter | LinkedIn | Email Connect with Daniel: Twitter | LinkedIn | Email HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Mohnish Pabrai's Guest Lecture at Microsoft on November 15, 2024. (00:00:00) - Introduction  (00:01:49) - Microsoft; Bill Gates (00:03:19) - The future of AI (00:04:27) - Value vs. Growth investing (00:08:58) - IPSCO  (00:13:13) - Reysas (00:15:47) - Starting with value investing (00:19:37) - My journey in investing; Introduction to Warren Buffett (00:22:45) - Cloning ideas: Walmart & Microsoft  (00:24:35) - Microsoft: Vijay Vashi (00:31:51) - Find out your passion: Poor Charlie's Almanac (00:35:42) - The Dakshana Foundation (00:40:12) - Bill Gates' introduction to Warren Buffett (00:44:15) - Reliability and Trust (00:47:33) - Somasegar at Microsoft  The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.  

Welcome to another episode of the Spun Today Podcast, where writing is our anchor, but our explorations are limitless. I'm your host, Tony Ortiz, and I'm thrilled to have you here for our 279th episode, a free writing session that's as much about personal discovery as it is about crafting prose. This week, we dive deep into the art of free writing, a technique I champion for its cathartic and exploratory benefits. I'll also share some personal writing updates and a compelling writing tip from the iconic minds of Tim Ferriss and Ryan Holiday, offering insights into the freeing practice of journaling. Then we're delving into Charlie Munger's timeless wisdom from "Poor Charlie's Almanac," exploring how his principles can illuminate your path toward mastering your craft or any creative venture. Lastly, I'll open the time capsule and reflect on one of my past free writing pieces, discussing the journey of navigating emotions with intent. You'll find inspiration and practical advice to fuel your creative process and perhaps a nudge past your own hurdles in writing or any imaginative pursuit. Thank you for tuning in, and let's get started!   Check out all free-writing pieces at: spuntoday.com/freewriting.      The Spun Today Podcast is a Podcast that is anchored in Writing, but unlimited in scope.  Give it a whirl.      Twitter: https://twitter.com/spuntoday  Instagram: https://www.instagram.com/spuntoday/  YouTube: https://www.youtube.com/@spuntoday   Website: http://www.spuntoday.com/home  Newsletter: http://www.spuntoday.com/subscribe      Links referenced in this episode:       Writing advice from the Daily Stoic Newsletter: https://dailystoic.com/all-articles/     Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munge https://amzn.to/4aMlqcS   Get your Podcast Started Today! https://signup.libsyn.com/?promo_code=SPUN (Use Promo code SPUN and get up to 2-months of free service!)   Check out all the Spun Today Merch, and other ways to help support this show! https://www.spuntoday.com/support   Check out my Books Make Way for You – Tips for getting out of your own way FRACTAL – A Time Travel Tale Melted Cold – A Collection of Short Stories http://www.spuntoday.com/books/ (e-Book, Paperback & Hardcover are now available).   Fill out my Spun Today Questionnaire if you're passionate about your craft.  I'll share your insight and motivation on the Podcast: http://www.spuntoday.com/questionnaire/    Shop on Amazon using this link, to support the Podcast: http://www.amazon.com//ref=as_sl_pc_tf_lc?&tag=sputod0c-20&camp=216797&creative=446321&linkCode=ur1&adid=104DDN7SG8A2HXW52TFB&&ref-refURL=http%3A%2F%2Fwww.spuntoday.com%2Fcontact%2F   Shop on iTunes using this link, to support the Podcast: https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewTop?genreId=38&id=27820&popId=42&uo=10   Shop at the Spun Today store for Mugs, T-Shirts and more: https://viralstyle.com/store/spuntoday/tonyortiz   Background Music: Autumn 2011 - Loxbeats   Outro Background Music: https://www.bensound.com   Spun Today Logo by: https://www.naveendhanalak.com/   Sound effects are credited to: http://www.freesfx.co.uk   Listen on: iTunes | Spotify | Stitcher | Pocket Casts | Google Podcasts | YouTube | Website 

Send us a textOn the latest episode of The Get Ready Money Podcast, I spoke with Katherine Pomerantz, Founder of The Bookkeeping Artist and Creator of the Money Storyteller Method™  about changing the way we think about money and writing your future money story. In this episode we discussed:The importance of understanding your money story. Why you should reflect on your money decisions. Money is abundant,Anyone can be financially successful.Think about money as a resource (as a tool).Compound interest is magic.Katherine Pomerantz is the Founder of The Bookkeeping Artist. Katherine is an actress turned accountant, has capitalized on her artistic background to create the Money Storyteller MethodTM - a mindset and accounting framework that helps business owners master the creative language of money to map out and easily achieve ambitious goals. She believes every idea has the ability to change the world if given the right financial support. She leads an accounting firm & financial education company, and her expertise has been featured by VICE Media, Discover Card, The Penny Hoarder, and the Stacking Benjamins Podcast. She loves yoga, walking dogs, and throwing rad birthday parties. Connect with Katherine Pomerantz:Website: https://www.katherinepomerantz.comLinkedIn: https://www.linkedin.com/in/katherinepomerantz/Mentioned in this episode:The Get Ready Money Podcast: The Power of Compound Interest episode (here)Headspace app (learn more here)Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger (Amazon)The Hero's Journey: Joseph Campbell on His Life and Work by Joseph Campbell (Amazon)Support the showThe Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.

Today's book is a collection of wisdom shared by one of the world's most brilliant business minds. Join Mike & Cory as they explore Charlie Munger's encyclopedic knowledge of business, finance, history, philosophy, physics, ethics, and (of course) mental models. Support the Show Poor Charlie's Almanack Bookworm #214: Simple Marketing for Smart People Mike's Mind […]

Tue, 28 Jan 2025 23:15:00 GMT http://relay.fm/focused/222 http://relay.fm/focused/222 David Sparks and Mike Schmitz David reflects on a year of teaching the Productivity Field Guide, talks about what's new and what's changed, and Mike shares the details of his interesting twist to time-blocking. David reflects on a year of teaching the Productivity Field Guide, talks about what's new and what's changed, and Mike shares the details of his interesting twist to time-blocking. clean 3525 David reflects on a year of teaching the Productivity Field Guide, talks about what's new and what's changed, and Mike shares the details of his interesting twist to time-blocking. This episode of Focused is sponsored by: Jelly: A better way to share an inbox. Get 15% off your first year. Indeed: Join more than 3.5 million businesses worldwide using Indeed to hire great talent fast. Links and Show Notes: Deep Focus: Extended ad-free episodes with bonus deep dive content. Productivity Field Guide 2025 (Standard Edition)Use coupon code PFG10 to get 10% off. Productivity Field Guide 2025 (Plus Edition)Use coupon code PFG10 to get 10% off. Mike's Newsletter on Block Priming Mike's Task Management YouTube Video Mike's Block Priming Video Stripe Press Online Version of Poor Charlie's Almanack Poor Charlies Almanack: The Essential Wit and Wisdom of Charles T. Munger I've Got Time by Paul Loomens Steam Deck

Tue, 28 Jan 2025 23:15:00 GMT http://relay.fm/focused/222 http://relay.fm/focused/222 The 2025 Productivity Field Guide 222 David Sparks and Mike Schmitz David reflects on a year of teaching the Productivity Field Guide, talks about what's new and what's changed, and Mike shares the details of his interesting twist to time-blocking. David reflects on a year of teaching the Productivity Field Guide, talks about what's new and what's changed, and Mike shares the details of his interesting twist to time-blocking. clean 3525 David reflects on a year of teaching the Productivity Field Guide, talks about what's new and what's changed, and Mike shares the details of his interesting twist to time-blocking. This episode of Focused is sponsored by: Jelly: A better way to share an inbox. Get 15% off your first year. Indeed: Join more than 3.5 million businesses worldwide using Indeed to hire great talent fast. Links and Show Notes: Deep Focus: Extended ad-free episodes with bonus deep dive content. Productivity Field Guide 2025 (Standard Edition)Use coupon code PFG10 to get 10% off. Productivity Field Guide 2025 (Plus Edition)Use coupon code PFG10 to get 10% off. Mike's Newsletter on Block Priming Mike's Task Management YouTube Video Mike's Block Priming Video Stripe Press Online Version of Poor Charlie's Almanack Poor Charlies Almanack: The Essential Wit and Wisdom of Charles T. Munger I've Got Time by Paul Loomens Steam Deck

On today's episode, Clay Finck invites Stig Brodersen to discuss current market conditions and one of Stig's favorite books — Poor Charlie's Almanack. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 01:23 - How Stig and Clay think about today's market. 08:02 - Why we expect the stock market to continue to hit new all-time highs. 08:02 - How Stig is protecting himself against potential inflation going forward. 39:49 - Why Stig re-reads Poor Charlie's Almanack each year. 49:55 - The psychological biases we need to be mindful of. 01:02:14 - How the endowment effect can be detrimental to our portfolio's returns. 01:11:45 - How we can apply Munger's principle of inversion to our lives and our portfolios. 01:27:00 - How you can attend the live events TIP is hosting in Omaha during the Berkshire weekend. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Book discussed: Poor Charlie's Almanack. Join our highly vetted community of value investors here. Check out Stig's portfolio here. Email Shawn at shawn@theinvestorspodcast.com to attend our free events in Omaha or visit this page. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota 7-Eleven Connect Invest Bluehost The Bitcoin Way ReMarkable SimpleMining American Express Public Fundrise Toyota Onramp Vanta Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

He didn't deserve that.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to The Private Equity Podcast by Raw Selection, In this episode, host Alex Rawlings sits down with Matt Bodnar, founder and managing partner of Eidolon Capital. They discuss Eidolon's unique deal origination strategies, including innovative approaches like direct mail, and how their flexibility in deal-making helps them close deals where more rigid firms miss out. Matt also shares valuable insights on long-term investing, inspired by Berkshire Hathaway, and offers top recommendations on business, psychology, and deal-making books. Breakdown: [00:00] Matt explains how their market position was inspired by Berkshire Hathaway, leading them to find unique opportunities by being flexible where others are rigid.[00:12] PE firms often miss out on deals due to their rigid criteria; Eidolon benefits from a more flexible approach.[00:26] Matt mentions Extreme Ownership as one of his favorite books and shares it with his management teams.[00:53] Introduction to Matt Bodnar, founder of Eidolon Capital. The conversation covers deal origination, using direct mail, and valuable book recommendations.[01:21] Goldman Sachs, starting Eidolon Capital, and focusing on lower middle market companies with a long-term approach.[02:17] Matt identifies rigid deal structures as a common mistake PE firms make, missing opportunities to tailor deals based on sellers' needs.[03:09] Flexibility in deal-making, like structuring equity rolls and earn-outs, gives Eidolon an advantage over more rigid buyers.[04:34] Matt shares Eidolon's broad deal origination strategies, including cold email, LinkedIn, direct mail, and networking.[07:46] The importance of market positioning and personal outreach from principals to increase deal engagement.[09:39] Why principals contacting sellers directly makes a significant difference in building rapport and closing deals.[10:35] Direct mail as an effective, less crowded method for sourcing deals, especially in old-economy sectors like manufacturing and distribution.[13:23] Eidolon's brand focuses on long-term investing and taking care of all stakeholders, inspired by Berkshire Hathaway.[15:16] Eidolon's flexibility with capital and bespoke deal structures allows them to close deals even in suboptimal conditions where other firms might walk away.[17:09] How taking a long-term view, as opposed to the typical 3-5 year private equity time horizon, results in better decisions and stronger outcomes for companies.[19:25] Matt discusses the importance of staying informed on macroeconomic trends, the Fed, and market cycles to understand the broader impact on investment decisions.[20:48] Book recommendation: How to Make a Few Billion Dollars by Brad Jacobs, a prolific entrepreneur who founded or acquired several billion-dollar companies.[22:41] Matt shares how deep reading into human psychology and decision-making (Charlie Munger's Poor Charlie's Almanac and Robert Cialdini's Influence) shapes his approach to deals and negotiation.You can connect with Matt on LinkedIn by visiting his profile here.  To be added to the book waitlist, you can email alex.offer@raw-selection.comThank you for tuning in!To get the newest Private Equity episodes, you can subscribe on iTunes or Spotify here.Lastly, if you have any feedback on the podcast or want to reach out to Alex with any questions, send an email to alex.rawlings@raw-selection.com

My First Million: Read the notes at at podcastnotes.org. Don't forget to subscribe for free to our newsletter, the top 10 ideas of the week, every Monday --------- Episode 648: Shaan Puri ( https://x.com/ShaanVP ) talks to Flexport founder Ryan Petersen ( https://x.com/typesfast ) about playing both games: bootstrapping a startup to millions and raising venture capital to build a multi-billion dollar company.  — Show Notes:  (0:00) Import Genius (5:36) Paul Graham's superpower (9:34) Data-as-a-service framework (13:51) Charlie Munger's worldly wisdom (19:45) Prioritizing adventure (24:09) The paradox of wealth (28:51) Charlie Munger's student experiment (31:00) Negotiation masterclass (37:23) Inside Founders Fund (43:16) Being in a crowd v following a crowd (46:29) Highs and lows (48:52) "You can just do things" (50:16) Unseen arbitrages (53:00) $50M Phone booths — Links: • Flexport - https://www.flexport.com/  • Flexport on X - https://x.com/flexport • ImportGenius - https://www.importgenius.com/  • Schlep Blindness - https://paulgraham.com/schlep.html • Poor Charlie's Almanack - https://www.stripe.press/poor-charlies-almanack  • Founders Fund - https://foundersfund.com/  — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

My First Million Key Takeaways  Instead of focusing on how something might fail, consider how big the idea could be if everything worked out You don't always want to sit behind a defensive moat; sometimes, a high-velocity attack is the best way to win Mental models from one discipline are often applicable in another discipline; cross-pollinate ideas and concepts across disciplines and you may discover something novel The key to success is dumb competition; competing against knuckleheads increases your chances of successFocusing on making money will cause you to make less money; nobody wants to give money to people who are too focused on making money It is fine to want money, but wealth is a paradox; the more of it you want, the less of it you get It is better to focus on things that are upstream of making money, such as solving problems and developing skills that are valuable to other people The greatest returns in investing come from allowing the compounding machine to run; do not make decisions or engage in behavior that interrupts the compounding machine You have a massive arbitrage opportunity if you can avoid mimetic desire in venture capital investing In life and business, you can just do things! You don't always need permission Read the full notes @ podcastnotes.orgEpisode 648: Shaan Puri ( https://x.com/ShaanVP ) talks to Flexport founder Ryan Petersen ( https://x.com/typesfast ) about playing both games: bootstrapping a startup to millions and raising venture capital to build a multi-billion dollar company.  — Show Notes:  (0:00) Import Genius (5:36) Paul Graham's superpower (9:34) Data-as-a-service framework (13:51) Charlie Munger's worldly wisdom (19:45) Prioritizing adventure (24:09) The paradox of wealth (28:51) Charlie Munger's student experiment (31:00) Negotiation masterclass (37:23) Inside Founders Fund (43:16) Being in a crowd v following a crowd (46:29) Highs and lows (48:52) "You can just do things" (50:16) Unseen arbitrages (53:00) $50M Phone booths — Links: • Flexport - https://www.flexport.com/  • Flexport on X - https://x.com/flexport • ImportGenius - https://www.importgenius.com/  • Schlep Blindness - https://paulgraham.com/schlep.html • Poor Charlie's Almanack - https://www.stripe.press/poor-charlies-almanack  • Founders Fund - https://foundersfund.com/  — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

My First Million Key Takeaways  Instead of focusing on how something might fail, consider how big the idea could be if everything worked out You don't always want to sit behind a defensive moat; sometimes, a high-velocity attack is the best way to win Mental models from one discipline are often applicable in another discipline; cross-pollinate ideas and concepts across disciplines and you may discover something novel The key to success is dumb competition; competing against knuckleheads increases your chances of successFocusing on making money will cause you to make less money; nobody wants to give money to people who are too focused on making money It is fine to want money, but wealth is a paradox; the more of it you want, the less of it you get It is better to focus on things that are upstream of making money, such as solving problems and developing skills that are valuable to other people The greatest returns in investing come from allowing the compounding machine to run; do not make decisions or engage in behavior that interrupts the compounding machine You have a massive arbitrage opportunity if you can avoid mimetic desire in venture capital investing In life and business, you can just do things! You don't always need permission Read the full notes @ podcastnotes.orgEpisode 648: Shaan Puri ( https://x.com/ShaanVP ) talks to Flexport founder Ryan Petersen ( https://x.com/typesfast ) about playing both games: bootstrapping a startup to millions and raising venture capital to build a multi-billion dollar company.  — Show Notes:  (0:00) Import Genius (5:36) Paul Graham's superpower (9:34) Data-as-a-service framework (13:51) Charlie Munger's worldly wisdom (19:45) Prioritizing adventure (24:09) The paradox of wealth (28:51) Charlie Munger's student experiment (31:00) Negotiation masterclass (37:23) Inside Founders Fund (43:16) Being in a crowd v following a crowd (46:29) Highs and lows (48:52) "You can just do things" (50:16) Unseen arbitrages (53:00) $50M Phone booths — Links: • Flexport - https://www.flexport.com/  • Flexport on X - https://x.com/flexport • ImportGenius - https://www.importgenius.com/  • Schlep Blindness - https://paulgraham.com/schlep.html • Poor Charlie's Almanack - https://www.stripe.press/poor-charlies-almanack  • Founders Fund - https://foundersfund.com/  — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

This week our guest invited us to watch a mid-2000s satire piece from the UK with an outstanding cast of actors. We discuss difficult topics and wind our way through manifesting a spiritual sequel of our own about the postal system. Poor Charlie the Desk Clerk – dealing with way too much. Such is the life of a clerk.   Credits: Don't Worry B Movies https://www.instagram.com/dontworrybmovies/ Logo – John Capezzuto https://www.creativecap.net/ Intro and Outro Music – Andrew Wolfe of Darling Overdrive https://www.instagram.com/darlingoverdrive/?hl=en https://www.twitch.tv/irisheyes92

Mohnish Pabrai's Guest Lecture at UNO's Maverick Investment Club on October 15, 2024. (00:00:00) - Introduction (00:02:02) - Charlie Munger: Costco (00:05:35) - Warren's rejection of opportunities on moral grounds (00:08:27) - Conwood Chewing Tobacco (00:13:52) - Valeant Pharmaceuticals (00:18:10) - Credit Acceptance (00:23:58) - TransDigm (00:30:23) - Berkshire's investment in Gen Re (00:32:38) - Charlie Munger is irreplaceable (00:36:18) - Berkshire Hathaway after Warren Buffett (00:37:44) - Early start to investing journey (00:40:17) - My daughter's introduction to compounding and investing (00:45:01) - Blackstone (00:45:59) - My journey to investing (00:51:15) - Poor Charlie's Almanack (00:53:13) - Advice for beginners; Be a harsh grader  The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.  

Charlie Munger, habla de sus conferencias y discursos; sus enseñanzas en torno, a los negocios, la administración de empresas, la economía y la psicología. Lo que enseñan en las universidades no sirve, y lo que sirve no lo enseñan. De entrada, es mentira, dice Murger que sea imposible derrotar los mercados.

Episode 648: Shaan Puri ( https://x.com/ShaanVP ) talks to Flexport founder Ryan Petersen ( https://x.com/typesfast ) about playing both games: bootstrapping a startup to millions and raising venture capital to build a multi-billion dollar company.  — Show Notes:  (0:00) Import Genius (5:36) Paul Graham's superpower (9:34) Data-as-a-service framework (13:51) Charlie Munger's worldly wisdom (19:45) Prioritizing adventure (24:09) The paradox of wealth (28:51) Charlie Munger's student experiment (31:00) Negotiation masterclass (37:23) Inside Founders Fund (43:16) Being in a crowd v following a crowd (46:29) Highs and lows (48:52) "You can just do things" (50:16) Unseen arbitrages (53:00) $50M Phone booths — Links: • Flexport - https://www.flexport.com/  • ImportGenius - https://www.importgenius.com/  • Schlep Blindness - https://paulgraham.com/schlep.html • Poor Charlie's Almanack - https://www.stripe.press/poor-charlies-almanack  • Founders Fund - https://foundersfund.com/  — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

What if you could rewire your thinking to solve life's toughest problems? In this episode, we dive into Charlie Munger's timeless insights from Poor Charlie's Almanack, revealing 9 core principles for smarter investing, better decision-making, and a well-rounded life.Munger's success is rooted in clear, simple principles that help avoid pitfalls and achieve long-term results. Poor Charlie's Almanack offers a unique blend of investing strategies, life lessons, and mental models that have shaped Munger's extraordinary career.As an entrepreneur and investor, I've applied many of Munger's lessons. In this episode, I break them down for you. From problem-solving through inversion to understanding cognitive biases, you'll learn how to apply these principles to business and personal growth.Whether you're a venture capitalist, founder, or looking to improve decision-making, this episode equips you with the tools to build a strong foundation for success.Key Takeaways:This episode covers 9 transformative principles, including:Inversion Thinking: Simplify problems by thinking backward.Mental Models: Integrate knowledge from various fields for better decisions.Mastering Envy & Emotional Management: Develop resilience against destructive emotions.Compound Interest: See how consistent improvements lead to exponential growth.Biases and Cognitive Fallacies: Avoid common cognitive traps.Character and Culture: Build strong culture for long-term success.Munger's Investment Checklist: Learn Munger's method for picking winners.How to Fail in Life: Munger's humorous guide on what not to do.Incentives in Organizations: Align incentives to avoid failure.Though this episode offers an overview, Poor Charlie's Almanack contains much more. It's a must-read for those looking to deepen their knowledge on investing and life.Timestamps:(00:00) Introduction(06:01) Portrait of Charlie Munger(11:00) Overview of Poor Charlie's Almanack(18:21) Inversion Thinking(24:35) Mental Models(29:39) Ego and Emotional Management(36:51) The Power of Compound Interest(43:17) Biases and Cognitive Fallacies(50:52) Character and Culture(57:39) Munger's Investment Checklist(01:08:00) How to Fail in Life(01:18:05) Incentives in Organizations(01:25:28) Key Takeaways(01:32:00) Reflection & ClosingWhy Listen:Master Problem-Solving: Learn how to simplify and solve complex problems using Munger's inversion technique.Build Long-Term Success: Apply the power of compound interest and strong character to your business or investments.Avoid Common Pitfalls: Identify biases and cognitive traps that can derail decision-making.Actionable Insights: Munger's investment checklist and character-focused advice will help you make smarter business and life decisions.If you're interested in learning more, I encourage you to grab a copy of Poor Charlie's Almanack. It's a deep well of wisdom that can help you on your journey toward smarter decision-making, investing, and living.[Link to Amazon]Thank you for tuning in, and don't forget to subscribe for more episodes where we explore the best strategies from leading minds in business and investing.Send us a textSupport the showJoin the Podcast Newsletter: Link

En el episodio de hoy de Cafecito y Abundancia, Isa nos habla de finanzas personales como un proyecto, donde cada reto que superas y cada pregunta que sostienes se convierte en un ladrillo en la construcción de tu vida financiera. Descubrirás el arte de pensar en reversa, dando la vuelta a metas y problemas para entender no solo lo que debes hacer, sino también identificar lo que debes evitar. Además, Isa nos habla de las seis trampas de escasez más comunes que pueden estar frenando tu progreso financiero. Aunque cada historia financiera es única, hay patrones y miedos similares y conocerlos es clave para superarlos. Prepárate para una conversación enriquecedora sobre cómo superar escasez y abrazar la abundancia financiera. A través de herramientas y mentalidad, aprenderás a transformar los retos en oportunidades, abriendo la puerta a más libertad, flexibilidad y opciones en tu vida. Para conseguir el video de tapping gratuito y las notas del episodio solo entra a la cuenta de instagram de Isa @isagarcia, (sigue la cuenta para poderte enviar el recurso) y envía el número 156 por mensaje interno. Y con cafecito en mano, disfruta! Para desbloquear el cupón de $55 para Códigos de Abundancia haz click aquí. Para leer el libro: Poor Charlie's Almanack haz click aquí.

Uh oh... We thought we were done with dodgy donor activity, but there are question marks over Keir Starmer's wife, Victoria being in receipt of some dresses from a very well-to-do Labour donor. Jemma and Marina discuss the terrible optics and nuance around the matter, while agreeing wholeheartedly that Tories coming out to try and claim the moral high-ground can ABSOLUTELY DO ONE.The ladies move onto why we need a new system whereby our democracy isn't for sale to the highest bidder and discuss cases where one might need a new work wardrobe to be funded - cue Jemma's hideous dress story! And there's a clip from one MP who certainly would not accept any gifts of new apparel - no prizes for guessing who.Then it's onto moaning millionaires, more specifically: Charlie Mullins (or Poundland Rod Stewart as he's also known) who founded Pimlico Plumbers. Poor Charlie is so devastated by Labour tax rises that haven't yet been announced, that he's taken to every media platform to complain and tell us he's leaving the UK - which begs the question: why is he still here?The ladies chat about the argument that higher taxes for the wealthy will lead to brain drain, and discuss the actual impact this will have when experts have crunched the numbers. Newsflash: we'll be ok. Thank you for sharing and do tweet us @MarinaPurkiss @jemmaforte @TheTrawlPodcastPatreonhttps://patreon.com/TheTrawlPodcastYoutubehttps://www.youtube.com/@TheTrawlTwitterhttps://twitter.com/TheTrawlPodcastCreated and Produced by Jemma Forte & Marina PurkissEdited by Max Carrey

I sent a friend this text: I'm working on another Li Lu episode but this one is about his remarkable investing career. Can be summarized by: 1. Studied Buffett and Munger. 2. Did that. Last episode was about how Li Lu survived one of the most horrific childhoods imaginable. This episode covers how he thinks about investing and entrepreneurship—in his own words. Sources: The forward to the Chinese edition of  Poor Charlie's Almanack written by Li Lu Li Lu's Colombia Business School lecture 2006Li Lu's San Francisco State University lecture 2012Graham & Doddsville interview with Li Lu 13th Colombia Business Conference 2021 Li Lu's Reflections On Reaching Fifty ----Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ----Build relationships with other founders, investors, and executives at a Founders Event----Founders Notes gives you the superpower to learn from history's greatest entrepreneurs on demand. You can search all my notes and highlights from every book I've ever read for the podcast. Get access to Founders Notes here. ----Join my free email newsletter to get my top 10 highlights from every book----Follow Founders Podcast on YouTube (Video coming soon!) ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Episode 626: Shaan Puri ( https://x.com/ShaanVP ) talks to Guy Spier ( https://x.com/GSpier ) about everything he's learned from studying the greatest value investors of all time.  — Show Notes:  (0:00) The Posse (5:41) Farmer Mac (17:30) Lessons from going to 9 Tony Robbins seminars (28:57) Handwritten notes from Warren Buffett (42:00) Don't study lottery winners (59:22) Berkshire vs Index (1:05:13) Finite vs infinite games (1:13:26) Be a promiscuous reader — Links: • VALUEx - https://www.valuex.ch/ • Aquamarine - https://www.aquamarinefund.com/ • Guy's book - https://tinyurl.com/47zvxatr • Power vs Force - https://tinyurl.com/2fn9peya • Influence - https://tinyurl.com/3z2vyfdt • Shareholder Letters - https://www.berkshirehathaway.com/letters/letters.html • Poor Charlie's Almanack - https://tinyurl.com/bdf6pcww — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Today, we're replaying a conversation between John Collison and Charlie Munger that we first aired on 5 December 2023. Charlie said, “The best thing a human being can do is to help another human being know more.” He does just that in this interview. Please enjoy, and may Charlie Rest in Peace. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform. — 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.  Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes (00:00:00) Welcome to Invest Like the Best (00:03:52) The fixation on evaluating business quality (00:05:58) Learning the big ideas across various disciplines (00:10:03) The issue of adverse selection in legal services (00:11:42) Societal solutions for the opioid crisis (00:17:34) Reasons for not investing in Amazon (00:20:38) Explaining Costco's model (00:29:08) Discussing the increasing challenges in investing (00:32:08) Ingredients for long-term success in business (00:33:18) Debating cryptocurrency (00:37:37) Offering guidance for navigating a potential recession (00:38:56) Reflecting on the state of American society (00:45:20) Sharing a passion for architecture (00:54:13) “Win-win” business (00:57:53) Countering arguments against capitalism (00:60:42) The origins of Poor Charlie's Almanack (01:05:14) Building a productive partnership (01:08:55) Opining on the SEC (01:12:22) Highlighting investment concerns (01:16:31) Reasons for optimism about China (01:32:14) The unique aspects of Berkshire Hathaway

У цьому епізоді ми поговоримо про книгу Чарлі Мангера «Poor Charlie's Almanack». Чарлі часто називають правою рукою Воррена Баффета, хоча це може здатися занадто простим описом для людини його масштабу. Адже, окрім того, що він є співзасновником однієї з найуспішніших інвестиційних компаній усіх часів, Мангер також батько сімох дітей, колишній адвокат, ветеран американської армії, філантроп, великий фанат книг і людина, яка прожила 99 років. Для багатьох підприємців, лідерів і інтелектуалів Чарлі Мангер є прикладом, рольовою моделлю та вчителем. Книга «Poor Charlie's Almanack» — це збірка думок, лекцій, есе, виступів та промов Чарлі Мангера, яка ілюструє його підхід до життя, мислення та інвестування. — Зворотній зв'язок та реклама: flow@kindgeek.com Підписатись на email розсилку: ⁠⁠⁠⁠http://eepurl.com/iQh5ag⁠⁠ Twitter: ⁠⁠https://x.com/ygnatyuk_⁠⁠ Facebook: ⁠⁠⁠⁠⁠https://www.facebook.com/gnatyuk.yuriy⁠⁠ Telegram: ⁠⁠https://t.me/yuragnatyuk⁠⁠ Instagram: ⁠⁠⁠⁠⁠https://www.instagram.com/y.gnatyuk⁠⁠ Підтримати на ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: ⁠⁠⁠⁠⁠https://www.patreon.com/flowpodcast ⁠⁠

------Text BE THE BANK to 55444 to receive Curtis's report on “The Value of Liquidity” and get added to his mailing list for further resources and updates. -------- In this episode, I continue my conversation with Curtis May, founder of Practical Wealth Advisors and host of the Practical Wealth Show Podcast. Picking up from our last discussion on personal finance principles, we delve into practical financial planning strategies, real-world wealth creation examples, and the importance of continuous learning and a positive mindset. Curtis underscores the power of strategic thinking over the 'microwave mentality' and emphasizes the necessity of foundational principles in financial success. Additionally, he shares his methods for digesting and applying new information, highlights critical principles of finance, and recounts lessons learned from interviewing over 300 successful individuals. This insightful episode is packed with Curtis's wisdom and experience, offering listeners invaluable guidance towards achieving financial freedom. -------------- Links to Resources Mentioned ⁠12 Week Year⁠ by Brian P. Moran The book presents a planning method that helps individuals and organizations accomplish more in 12 weeks than others do in 12 months.  “Becoming Your Own Banker” by Nelson Nash An 85-page book on the concept of infinite banking, which Curtis discusses as a vital resource for understanding the principles of personal finance and wealth creation. “Poor Charlie's Almanack” by Charlie Munger A collection of speeches and talks by Charlie Munger, focusing on wisdom in investing, business, and life. “Fire Yourself: How to Create Financial Freedom in Three Years or Less” by Bronson Hill A book mentioned by Curtis emphasizes principles and strategies for achieving financial independence quickly. “The New Black Wall Street” by Jay Jones A book Curtis references discusses entrepreneurial principles and the importance of selling physical products, digital products, or services. ------------- EPISODE TIMESTAMPS 00:00 Introduction and Recap 00:44 Diving into Practical Strategies 02:20 The Importance of Principles 03:52 Mindset and Financial Language 04:53 Learning from Successful People 05:47 Investing Rules and Strategies 08:23 Synthesizing and Acting on Information 12:48 Marketing and Business Growth 16:48 Setting Big Goals and Staying Motivated 17:42 Balancing Passion and Work 19:09 Structuring Your Day for Success 20:09 The 12 Week Year Strategy 21:29 Faith, Family, Finance, and Fitness 25:00 The Importance of Sales Skills 27:44 Continuous Learning and Personal Growth 29:03 Final Thoughts and Resources --- Support this podcast: https://podcasters.spotify.com/pod/show/black-gold-podcast/support

In today's episode, Patrick Donley (@JPatrickDonley) sits down with Shawn O'Malley, Chief Editor of our newsletter, We Study Markets, to discuss what his main takeaways were from doing a deep dive into the wit and wisdom of Charlie Munger from Poor Charlie's Almanack. You'll learn how Ben Franklin inspired Munger, how Buffett and Munger developed their relationship, what the key character traits were that made Munger a great investor, why it is important to be a multi-disciplinary thinker, what elementary worldly wisdom is and how to develop it, what the psychology of human misjudgment is and how to avoid it to lead a better life, plus so much more! IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 02:17 - How Ben Franklin inspired Charlie Munger. 05:32 - How Buffett and Munger developed their relationship. 08:42 - What key character traits made Munger a great investor. 12:33 - How Munger served as a trusted devil's advocate to Buffett. 15:30 - Why it is so important to be a multi-disciplinary thinker to succeed as an investor. 18:54 - What is elementary worldly wisdom. 25:38 - What is the psychology of human misjudgement and how to avoid it. 32:04 - Why academics should focus more on microeconomics. 35:37 - What is febezzlement. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Lawrence Cunningham's book, The Essays of Warren Buffett. Benjamin Graham's book, The Intelligent Investor. William Thorndike's book, The Outsiders. Peter Kaufman's book, Poor Charlie's Almanack. Robert Cialdini's book, Influence. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Range Rover Airbnb Toyota Public NetSuite Connect with Patrick: Twitter | Email Connect with Shawn: Twitter | LinkedIn | Email Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Robert Leonard chats with Eric Jorgenson about who Naval Ravikant is, why he wanted to write a book about him as a guide to wealth and happiness, how his strategy of not making any money out of the book came about and why he chose to go that route, the most important thing Eric has learned from Naval, and much, much more!  Eric is a writer, podcaster, and builder of books. He is the creator of The Almanack of Naval Ravikant: A Guide to Wealth and Happiness. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 02:35 - Who Naval Ravikant is and why Eric wanted to write a book about him. 07:01 - How Eric's strategy of not making any money out of the book came about and why he chose to go that route. 11:38 - How someone can build or find a position of leverage and why this is important going into the future. 12:43 - The breakdown of Naval's framework on how to get rich without getting lucky. 21:28 - What's behind Naval's idea that if you don't have equity in a business, then you don't have a path towards financial freedom? 23:02 - Why Naval believes the forty-hour work week is outdated and why we should be like athletes instead. 24:55 - How Eric was able to get Tim Ferriss to write the foreword to his book. 25:46 - What the quote, “You'll never be rich since you're obviously smart, and someone will offer you a job that's just good enough” means. 27:04 - Why being a clear thinker is more important than being smart, and how we can think clearly. 28:42 - What a mental model is and how this can help you in your business and life. 41:52 - Which habit or principle Eric follows in his life that has had a big impact on his success and what has been the most influential book in his life. 46:44 - What has been the most important thing Eric has learned from Naval? And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Podcast: Naval Ravikant: The Angel Philosopher in The Knowledge Project with Shane Parrish. Tim Ferriss' book, The 4-Hour Workweek. Charlie Munger's book, Poor Charlie's Almanack. Bill Watterson's book, The Complete Calvin and Hobbes. Robert Cialdini's book, Influence, New and Expanded: The Psychology of Persuasion. Jason Calacanis' book, Angel. Eric Ries' book, The Lean Startup. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Range Rover Airbnb Toyota Public NetSuite Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

With the passing of Charlie Munger at the age of 99, I thought it appropriate to share 5 things I've learned from him over the years.Poor Charlie's Almanack: https://amzn.to/4a1JF63Join the Newsletter. It's Free:https://robberger.com/newsletter/?utm...

Send us a Text Message.In this video, we honor Charlie Munger's memory, Warren Buffett's trusted partner for over 40 years. Munger's wisdom, notably from "Poor Charlie's Almanack," stresses mental models—essential principles for decision-making. We compare Munger's philosophy with Ray Dalio's, emphasizing the continual refinement of these models. Munger's insights span real estate and investments, advocating integrated projects to align interests and minimize risks. Join us as we reflect on Munger's profound impact and invaluable lessons for future generations.------------------------------Welcome to the "Private Investor Club - 7,500 Investors. Subscribe now to hear what our 7,500+ investors are allocating to and stay on top of trends related to structuring and closing deals.Our 17-year-old investor club, the Family Office Club, has 25 team members, and 12 million social followers, has closed on over $500M of transactions, has over 7,500 active investors, and hosts 15 live events a year.  To join our investor club as a capital raiser or CEO of a company needing capital to access our live community events, please visit https://FamilyOffices.comTo register with us as an investor to access live community events please visit https://InvestorClub.comWe have free web classes and books for you to download at https://lp.FamilyOffices.com/book https://CapitalRaising.com To date, our podcast and YouTube content has been downloaded over 5 million times.  ---------------- Watch the YouTube video here https://youtu.be/OWJlHvGAfXs

If you've been part of the Outside Insights community for a while, you're familiar with the concept of closing your gaps. For those of you that are new — welcome! Our goal here is to take steps every day to live a more intentional and authentic life, and closing our gaps is key.The “gap” represents the space between where you are now and where you want to be. It encompasses every aspect of your life: personal, work and career goals, dreams, and aspirations. So, how do we close these gaps? Today, I want to focus on one of my favorite tools: Reading.Yep — reading. Hear me out!Reading is a seemingly simple activity that translates directly into knowledge building. My advice: you should always have a book in progress.I am often in conflict about how to spend my time. Should I be in action mode and doing something productive, or have I earned the right to sit in the sun and read? Reading often feels like an indulgence, but I have come to learn that it is essential.I love nothing more than to spend a Saturday morning putzing around. As the self-proclaimed Chief Putzing Officer, I do the smallest tasks that often go unnoticed, like cleaning the coffee machine or putting things back in their place. However, I struggle to just “be” in the moment unless I feel I have earned it — that is, until I start reading.For me, reading signifies that I am organized and on top of my to-do list and life plan — Reading unlocks creativity, exposes me to new ways of thinking, and generally helps exercise my brain.So, how do you close your gaps and read more? Here are a few tips:1. Start a Book Club: At Placers, we have a club called A Better Book Club, with hundreds of curated titles. We even pay people to read. Imagine that!2. Set a Reading Goal: Changing habits requires measuring efforts. Are you willing to measure your progress on a daily basis?3. Trust the Process: Knowledge doesn't happen overnight. It comes as you consume and apply it.4. Start Simple: Pick a book. I often practice interviewing employees and giving them book recommendations. Need a summer read? Want to learn something new at work? Looking for knowledge on a world event? Challenge yourself. And hey, if you're just looking for a little escape in a good fiction book, that does the trick too.After you read this, I hope you're inspired to dust off your “to be read” list or head to the bookstore to see what title pops off the shelf for you. It doesn't matter what you read, as long as you're reading, learning, stretching your imagination, etc. you're doing yourself a much deserved service.And, excuse my directness, but if you want to further close your gaps, try my book, Opposite the Crowd. Each chapter focuses on lessons learned through a lifetime of trials and triumphs in life, business, entrepreneurship, sales, service, and leadership. It's purpose? To help people take the steps they need to take to close their gaps. Check it out on Amazon here.I've included a few favorites from my summer reading list below.Slow Productivity by Cal Newport — If your looking for answers to get out from under your inbox and slack channel.A Calendar of Wisdom by Leo Tolstoy — A daily bit of wisdom with spirituality as its root.Poor Charlie's Almanack: The Essential Wit and Wisdom of Charlie Munger by Charlie Munger — Read about the “richest” man and I don't just mean money!The Son by Philipp Meyer — A page turner, Maybe the best historical fiction book I have ever read. Caution its graphic.

Jeff recently went on vacation, and read Poor Charlie's Almanac. On this week's show, he shares with Jason the three things Charlie says every investor should do. We also discuss how difficult it can be to ignore and avoid the noise (such as Nvidia's recent stock split) and focus on what really matters. Jeff and Jason also talk about one of the hardest – most important – skills investors need to master: avoiding errors that are completely of our own actions.  Companies mentioned: AMD, MSFT, NVDA, OM, TPIC, TSLA ***************************************** Subscribe to our portfolio on Savvy Trader at: https://savvytrader.com/investingunscripted/investing-unscripted-portfolio?s=MjM0NDM6NTQ1OA== ***************************************** Email: investingunscripted@gmail.com Twitter: @InvestingPod Check out our YouTube channel for more content:  https://www.youtube.com/@InvestingUnscripted ****************************************** To get 15% off any paid plan at finchat.io, visit https://finchat.io/unscripted ****************************************** Investing Unscripted is brought to you by Public.com* *Options are not suitable for all investors and carry significant risk.  Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date.  Certain complex options strategies carry additional risk.  Investors must review the Options Disclosure Document (ODD): https://public.com/ODD. See Fee Schedule and Options Rebate & Referral T&Cs: https://public.com/disclosures. Brokerage services for US-listed securities and options offered through Public Investing, member FINRA & SIPC.  See terms of the Options Rebate Program (https://public.com/disclosures/rebate-terms).  Rebate rates vary from $0.06-$0.18 and may depend on time of enrollment and number of referrals.  Rates are subject to change at any time. ***************************************** Find the 2024 Portfolio Contest here: https://tinyurl.com/2024contest Find the 2023 Portfolio Contest here:  https://tinyurl.com/Smatterfolio2023 --- Support this podcast: https://podcasters.spotify.com/pod/show/investing-unscripted/support

Founders ✓ Claim Key Takeaways Check out the episode pageRead the full notes @ podcastnotes.orgWhat I learned from reading about Hans Wilsdorf and the founding of Rolex.----Build relationships at the Founders Conference on July 29th-July 31st in Scotts Valley, California----"Learning from history is a form of leverage." — Charlie Munger. Founders Notes gives you the superpower to learn from history's greatest entrepreneurs on demand.Get access to Founders Notes here. You can search all my notes and highlights from every book I've ever read for the podcast. You can also ask SAGE any question and SAGE will read all my notes, highlights, and every transcript from every episode for you. A few questions I've asked SAGE recently: What are the most important leadership lessons from history's greatest entrepreneurs?Can you give me a summary of Warren Buffett's best ideas? (Substitute any founder covered on the podcast and you'll get a comprehensive and easy to read summary of their ideas) How did Edwin Land find new employees to hire? Any unusual sources to find talent?What are some strategies that Cornelius Vanderbilt used against his competitors?Get access to Founders Notes here. ----(0:01) At the age of twelve I was an orphan.(1:00) My uncles made me become self-reliant very early in life. Looking back, I believe that it is to this, that much of my success is due.(9:00) The idea of wearing a watch on one's wrist was thought to be contrary to the conception of masculinity.(10:00) Prior to World War 1 wristwatches for men did not exist.(11:00) Business is problems. The best companies are just effective problem solving machines.(12:00) My personal opinion is that pocket watches will almost completely disappear and that wrist watches will replace them definitively! I am not mistaken in this opinion and you will see that I am right." —Hans Wilsdorf, 1914(14:00) The highest order bit is belief: I had very early realized the manifold possibilities of the wristlet watch and, feeling sure that they would materialize in time, I resolutely went on my way. Rolex was thus able to get several years ahead of other watch manufacturers who persisted in clinging to the pocket watch as their chief product.(16:00) Clearly, the companies for whom the economics of twenty-four-hour news would have made the most sense were the Big Three broadcasters. They already had most of what was needed— studios, bureaus, reporters, anchors almost everything but a belief in cable.   —  Ted Turner's Autobiography (Founders #327)(20:00) Business Breakdowns #65 Rolex: Timeless Excellence(27:00)   Rolex was effectively the first watch brand to have real marketing dollars put behind a watch. Rolex did this in a concentrated way and they've continued to do it in a way that is simply just unmatched by others in their industry.(28:00) It's tempting during recession to cut back on consumer advertising. At the start of each of the last three recessions, the growth of spending on such advertising had slowed by an average of 27 percent. But consumer studies of those recessions had showed that companies that didn't cut their ads had, in the recovery, captured the most market share. So we didn't cut our ad budget. In fact, we raised it to gain brand recognition, which continued advertising sustains. — Four Seasons: The Story of a Business Philosophy by Isadore Sharp. (Founders #184)(32:00) Social proof is a form of leverage. — Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger. (Founders #329)(34:00) What really matters is Hans understood the opportunity better than anybody else, and invested heavily in developing the technology to bring his ideas to fruition.(35:00) On keeping the main thing the main thing for decades: In developing and extending my business, I have always had certain aims in mind, a course from which I never deviated.(41:00) Rolex wanted to only be associated with the best. They ran an ad with the headline: Men who guide the destinies of the world, where Rolex watches.(43:00) Opportunity creates more opportunites. The Oyster unlocked the opportunity for the Perpetual.(44:00) The easier you make something for the customer, the larger the market gets: “My vision was to create the first fully packaged computer. We were no longer aiming for the handful of hobbyists who liked to assemble their own computers, who knew how to buy transformers and keyboards. For every one of them there were a thousand people who would want the machine to be ready to run.” — Steve Jobs(48:00) More sources:Rolex Jubilee: Vade Mecum by Hans WilsdorfRolex Magazine: The Hans Wilsdorf YearsHodinkee: Inside the Manufacture. Going Where Few Have Gone Before -- Inside All Four Rolex Manufacturing Facilities Vintage Watchstraps Blog: Hans Wilsdorf and RolexBusiness Breakdowns #65 Rolex: Timeless ExcellenceLuxury Strategy: Break the Rules of Marketing to Build Luxury Brands by Jean Noel Kapferer and Vincent Bastien ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

What I learned from reading about Hans Wilsdorf and the founding of Rolex.----Build relationships at the Founders Conference on July 29th-July 31st in Scotts Valley, California----"Learning from history is a form of leverage." — Charlie Munger. Founders Notes gives you the superpower to learn from history's greatest entrepreneurs on demand.Get access to Founders Notes here. You can search all my notes and highlights from every book I've ever read for the podcast. You can also ask SAGE any question and SAGE will read all my notes, highlights, and every transcript from every episode for you. A few questions I've asked SAGE recently: What are the most important leadership lessons from history's greatest entrepreneurs?Can you give me a summary of Warren Buffett's best ideas? (Substitute any founder covered on the podcast and you'll get a comprehensive and easy to read summary of their ideas) How did Edwin Land find new employees to hire? Any unusual sources to find talent?What are some strategies that Cornelius Vanderbilt used against his competitors?Get access to Founders Notes here. ----(0:01) At the age of twelve I was an orphan.(1:00) My uncles made me become self-reliant very early in life. Looking back, I believe that it is to this, that much of my success is due.(9:00) The idea of wearing a watch on one's wrist was thought to be contrary to the conception of masculinity.(10:00) Prior to World War 1 wristwatches for men did not exist.(11:00) Business is problems. The best companies are just effective problem solving machines.(12:00) My personal opinion is that pocket watches will almost completely disappear and that wrist watches will replace them definitively! I am not mistaken in this opinion and you will see that I am right." —Hans Wilsdorf, 1914(14:00) The highest order bit is belief: I had very early realized the manifold possibilities of the wristlet watch and, feeling sure that they would materialize in time, I resolutely went on my way. Rolex was thus able to get several years ahead of other watch manufacturers who persisted in clinging to the pocket watch as their chief product.(16:00) Clearly, the companies for whom the economics of twenty-four-hour news would have made the most sense were the Big Three broadcasters. They already had most of what was needed— studios, bureaus, reporters, anchors almost everything but a belief in cable.   —  Ted Turner's Autobiography (Founders #327)(20:00) Business Breakdowns #65 Rolex: Timeless Excellence(27:00)   Rolex was effectively the first watch brand to have real marketing dollars put behind a watch. Rolex did this in a concentrated way and they've continued to do it in a way that is simply just unmatched by others in their industry.(28:00) It's tempting during recession to cut back on consumer advertising. At the start of each of the last three recessions, the growth of spending on such advertising had slowed by an average of 27 percent. But consumer studies of those recessions had showed that companies that didn't cut their ads had, in the recovery, captured the most market share. So we didn't cut our ad budget. In fact, we raised it to gain brand recognition, which continued advertising sustains. — Four Seasons: The Story of a Business Philosophy by Isadore Sharp. (Founders #184)(32:00) Social proof is a form of leverage. — Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger. (Founders #329)(34:00) What really matters is Hans understood the opportunity better than anybody else, and invested heavily in developing the technology to bring his ideas to fruition.(35:00) On keeping the main thing the main thing for decades: In developing and extending my business, I have always had certain aims in mind, a course from which I never deviated.(41:00) Rolex wanted to only be associated with the best. They ran an ad with the headline: Men who guide the destinies of the world, where Rolex watches.(43:00) Opportunity creates more opportunites. The Oyster unlocked the opportunity for the Perpetual.(44:00) The easier you make something for the customer, the larger the market gets: “My vision was to create the first fully packaged computer. We were no longer aiming for the handful of hobbyists who liked to assemble their own computers, who knew how to buy transformers and keyboards. For every one of them there were a thousand people who would want the machine to be ready to run.” — Steve Jobs(48:00) More sources:Rolex Jubilee: Vade Mecum by Hans WilsdorfRolex Magazine: The Hans Wilsdorf Years Hodinkee: Inside the Manufacture. Going Where Few Have Gone Before -- Inside All Four Rolex Manufacturing Facilities Vintage Watchstraps Blog: Hans Wilsdorf and Rolex Business Breakdowns #65 Rolex: Timeless Excellence Luxury Strategy: Break the Rules of Marketing to Build Luxury Brands by Jean Noel Kapferer and Vincent Bastien ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

My guest today on The Courage of a Leader podcast is Michael Gardon. Mike is a 3-time entrepreneur and creator of the Break Community on careercloud.com, and he provides a different and non-mainstream view on how to proceed when faced with uncertainty.He'll get you thinking and you'll feel more grounded when the path forward is unclear.This is not an episode to miss! About the Guest:Michael Gardon, a 3-time entrepreneur, is the creator of The Break Community on Careercloud.com, guiding a 14,000+ strong community to break through work barriers and live purposefully. Mike successfully transitioned from derivatives trader to corporate consultant to entrepreneur. Holding degrees from the University of Wisconsin-Madison and DePaul University, Mike engineered his BREAK in 2018, turning his side hustle into a million-dollar business called Advantage Mapping. He is also the founder of Quotebook, promoting family bonding.Mike advocates for remote work and intentional work-life integration, sharing insights on various platforms and being featured on podcasts like Acquiring Minds and Startup Hustle. Based in the Midwest, Mike has built a life around family and welcomes discussions on purpose, career change, entrepreneurship, and side hustles like Quotebook, created with his 3 kids. About the Host:Amy L. Riley is an internationally renowned speaker, author and consultant. She has over 2 decades of experience developing leaders at all levels. Her clients include Cisco Systems, Deloitte and Barclays. As a trusted leadership coach and consultant, Amy has worked with hundreds of leaders one-on-one, and thousands more as part of a group, to fully step into their leadership, create amazing teams and achieve extraordinary results. Amy's most popular keynote speeches are:The Courage of a Leader: The Power of a Leadership LegacyThe Courage of a Leader: Create a Competitive Advantage with Sustainable, Results-Producing Cross-System CollaborationThe Courage of a Leader: Accelerate Trust with Your Team, Customers and CommunityThe Courage of a Leader: How to Build a Happy and Successful Hybrid Team Her new book is a #1 international best-seller and is entitled, The Courage of a Leader: How to Inspire, Engage and Get Extraordinary Results. www.courageofaleader.comhttps://www.linkedin.com/in/amyshoopriley/ Link mentioned in the podcastThe Inspire Your Team assessment (the courage assessment) - https://courageofaleader.com/inspireyourteam/ Warren Buffet – Circle of Competencehttps://www.wealest.com/articles/circle-of-competence#:~:text=Warren%20Buffett%20wrote%20a%20letter,within%20their%20circle%20of%20competence Charles Munger - Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Mungerhttps://www.goodreads.com/book/show/944652.Poor_Charlie_s_Almanack Thanks for listening!Thanks so much for listening to The Courage of a Leader podcast! If you got inspired and/or got valuable leadership techniques you can use from this episode and think that others could benefit from listening, please share using the social media buttons on this...

Passengers! This week we meet the new vampires who've come to town! Instead of joining the friendly baseball game they sniff out Bella. Edward, due to mind powers, knows that James is a "tracker" and will stop at nothing to eat Bella. Bella concocts an insane plan and for some reason they all go along with it. Poor Charlie.Become a supporter of this podcast: https://www.spreaker.com/podcast/passages-with-robbie-and-amanda--6153882/support.

Hamilton Helmer is one of the world's leading experts on business strategy and the author of the seminal book 7 Powers: The Foundations of Business Strategy, which provides a comprehensive framework for understanding what it really takes to achieve and sustain a competitive advantage. With more than three decades of experience in the strategic consulting industry, Hamilton has advised over 200 companies—from burgeoning startups to Fortune 100 giants—on how to identify, build, and leverage their unique strategic powers. In our conversation, we discuss:• Potential sources of power that startups should develop from an early stage• Common misconceptions among companies about the types of power they possess• How power relates to strategy• The difference between a moat and a power• Practical strategies for non-leaders to leverage insights about power and strategy in their work• AI's impact on competitive advantages and barriers to entry—Brought to you by:• WorkOS—Modern identity platform for B2B SaaS, free up to 1 million MAUs• Vanta—Automate compliance. Simplify security• Paragon—Ship every SaaS integration your customers want—Find the transcript and references at: https://www.lennysnewsletter.com/p/business-strategy-with-hamilton-helmer—Where to find Hamilton Helmer:• X: https://twitter.com/hamiltonhelmer• LinkedIn: https://www.linkedin.com/in/hamilton-helmer-42983/• Website: https://7powers.com/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Hamilton's background(04:08) When power becomes important(08:24) How strategy relates to power(12:09) How power informs strategy(14:46) The sequence of powers(21:13) Common misconceptions(24:39) Network effects vs. network economies(26:58) Uber's success(29:16) Moats vs. powers(31:12) Strategies for non-leaders to leverage power and strategy(37:51) Advice on how to become a strategic thinker(39:27) AI's impact on the seven powers(45:43) Why moving fast is not a power(50:24) Three things that create value in a company(51:16) The debt trajectory of the U.S.(56:35) Optimism for the future(59:25) Lightning round—Referenced:• 7 Powers: The Foundations of Business Strategy: https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319• John von Neumann: https://en.wikipedia.org/wiki/John_von_Neumann• Pearl Harbor: https://www.history.com/topics/world-war-ii/pearl-harbor• Where the Japanese Went Wrong at Pearl Harbor: https://pearlharbor.org/blog/where-japanese-went-wrong-pearl-harbor/• The ‘7 Powers' of business success—from one of Netflix's early investors: https://www.qualitycompounders.com.au/post/the-7-powers-of-business-success-from-one-of-netflix-s-early-investors• 7 Powers: Foundations of Business Strategy (Key Takeaways): https://www.linkedin.com/pulse/7-powers-foundations-business-strategy-key-takeaways-nikita-maloo/• Strategy Capital: https://strategycapital.com/• Warren Buffett: https://www.forbes.com/profile/warren-buffett/• Charlie Munger: https://www.forbes.com/profile/charles-munger/• Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger: https://www.stripe.press/poor-charlies-almanack• Bill Gates reveals why Warren Buffett was an invaluable source of support during the stormiest period of his career: https://www.businessinsider.com/bill-gates-interview-warren-buffett-support-microsoft-antitrust-lawsuit-2019-6•  Billionaire Warren Buffett's Secret Love Affair With Castles, Revealed: https://www.thestreet.com/opinion/billionaire-warren-buffett-s-secret-love-affair-with-castles-revealed-14290973• Netflix didn't kill Blockbuster—how Netflix almost lost the movie rental wars: https://www.cnbc.com/2020/09/22/how-netflix-almost-lost-the-movie-rental-wars-to-blockbuster.html• Michael Porter on LinkedIn: https://www.linkedin.com/in/professorporter/• What Is Strategy?: https://hbr.org/1996/11/what-is-strategy• TSMC: https://www.tsmc.com/english• Toyota Production System: https://en.wikipedia.org/wiki/Toyota_Production_System• America will be left with ‘severe, irreversible scars' if national debt goes unchecked. Now, a blockbuster report warns the bill is higher than believed, hitting $141T by 2054: https://fortune.com/2024/04/01/america-social-economic-scars-us-debt-gomes-price/• Ben S. Bernanke: https://www.federalreservehistory.org/people/ben-s-bernanke• Forty-four of 50 U.S. states worsen inequality with ‘upside-down' taxes: https://www.theguardian.com/us-news/2024/jan/10/states-wealth-inequality-taxes• Joseph A. Schumpeter: https://en.wikipedia.org/wiki/Joseph_Schumpeter• Theory of Economic Development: https://www.amazon.com/Theory-Economic-Development-Science-Classics/dp/0878556982• The Road to Reality: A Complete Guide to the Laws of the Universe: https://www.amazon.com/Road-Reality-Complete-Guide-Universe/dp/0679776311• The Gene: An Intimate History: https://www.amazon.com/Gene-Intimate-History-Siddhartha-Mukherjee/dp/147673352X• American Fiction on Prime Video: https://www.amazon.com/American-Fiction-Jeffrey-Wright/dp/B0CQKR72NX• Farahan Sarouk rugs: https://nazmiyalantiquerugs.com/persian-sarouk-farahan-rugs/• Rory Sutherland on LinkedIn: https://www.linkedin.com/in/rorysutherland• Ogilvy: https://www.ogilvy.com/• Clint Eastwood quote: https://www.brainyquote.com/quotes/clint_eastwood_168005• Winston Churchill: https://en.wikipedia.org/wiki/Winston_Churchill• Michelangelo, God's Architect: The Story of His Final Years and Greatest Masterpiece: https://www.amazon.com/Michelangelo-Gods-Architect-Greatest-Masterpiece/dp/0691195498• The Last Judgment: https://en.wikipedia.org/wiki/The_Last_Judgment_(Michelangelo)• Theodore Roosevelt: https://www.whitehouse.gov/about-the-white-house/presidents/theodore-roosevelt/—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

In this episode, William Green chats with Bryan Lawrence, a highly successful hedge fund manager who runs an investment firm called Oakcliff Capital. Bryan almost never gives interviews, so this is a rare opportunity to hear him speak in depth about the advantages of a concentrated value strategy, how he finds new investments, what 6 questions he asks when analyzing any stock, what he's learned from Buffett & Munger, & how to build a happy life. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 05:42 - What Bryan Lawrence learned from his hugely successful father. 16:30 - What Charlie Munger taught Bryan.  33:07 - How Shelby Cullom Davis turned $200,000 into $800 million. 39:14 - How Bryan has consciously built an investing edge. 43:25 - What he learned from meeting Warren Buffett. 47:15 - Why Bryan looks for three specific characteristics in any business. 59:18 - How to beat the market by making infrequent bets.  1:08:19 - Why he's obsessed with identifying where he's wrong. 1:10:17 - How he searches for new investment ideas. 1:14:32 - How he structures his day. 1:44:20 - How to think rationally about fossil fuels & climate change. 1:49:1 - How to build a happy life & great relationships. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bryan Lawrence's investment firm, Oakcliff Capital. Check out Poor Charlie's Almanack. Dean Ornish & Anne Ornish's book Undo It. Robert Cialdini's book Influence. Alain de Boton's book The Consolations of Philosophy. Douglas Stone, Bruce Patton, & Sheila Heen's book Difficult Conversations. John Rothchild's book The Davis Dynasty. Vaclav Smil's book How the World Really Works. David Mackay's book Sustainable Energy Without the Hot Air. Gillian Zoe Segal's book Getting There. William Green's podcast interview with Chris Davis | YouTube Video William Green's book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Meyka AT&T Vacasa Fidelity Monarch Money Yahoo! Finance Long Angle Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Mohnish Pabrai's session with YPO's Mosaic Chapter on March 20, 2024. (00:00:00) - Introduction (00:02:05) - Friendship with Charlie Munger (00:04:22) - Tom Peters; Humans aren't good cloners (00:07:39) - Microsoft (00:09:24) - Berkshire's investment in See's Candies (00:11:18) - Charlie was Ben Franklin reincarnated! (00:16:56) - Charlie's influence over Warren Buffett (00:21:14) - Charlie's mental models; Human reciprocation theory (00:27:40) - Investment discussions with Charlie (00:31:37) - Adam Grant: Give and Take (00:39:50) - Lifetime ban at an LA casino (00:44:07) - Poor Charlie's Almanack (00:46:35) - Charlie's inheritance The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.

What I learned from reading Decoded by Jay Z. ----Get access to the World's Most Valuable Notebook for Founders at Founders Notes----(1:39) I would practice from the time I woke in the morning until I went to sleep(2:10) Even back then I though I was the best.(2:57) Bourdain: The Definitive Oral Biography  (Founders #219)(4:32) Belief becomes before ability.(5:06) Michael Jordan: The Life (Founders #212)(5:46) The public praises people for what they practice in private.(7:28)  Lock yourself in a room doing five beats a day for three summers.(7:50) Sam Walton: Made In America  (Founders #234)(9:50) He was disappointed in the world, so he built one of his own — from Steven Spielberg: A Biography (Founders #209)(12:47) The Pmarca Blog Archive Ebook by Marc Andreessen (Founders #50)(13:35) I'm not gonna say that I thought I could get rich from rap, but I could clearly see that it was gonna get bigger before it went away. Way bigger.(21:10) Over 20 years into his career and dude ain't changed. He's got his own vibe. You gotta love him for that. (Rick Rubin)(21:41) Against The Odds: An Autobiography by James Dyson (Founders #200)(25:27) I believe you can speak things into existence.(27:20) Picking the right market is essential.(29:29) All companies that go out of business do so for the same reason – they run out of money. —Don Valentine (29:42) There are two things in business that matter, and you can learn this in two minutes- you don't have to go to business school for two years: high gross margins and cash flow. The other financial metrics you can forget. —Don Valentine (31:54) I went on the road with Big Daddy Kane for a while. I got an invaluable education watching him perform.(33:12) Everything I do I learned from the guys who came before me. —Kobe(34:15) I truly hate having discussions about who would win one on one or fans saying you'd beat Michael. I feel like Yo (puts his hands up like stop. Chill.) What you get from me is from him. I don't get 5 championships without him because he guided me so much and gave me so much great advice.(34:50) Steve Jobs: The Exclusive Biography (Founders #214)(37:20) This is a classic piece of OG advice. It's amazing how few people actually stick to it.(38:04) Nuts!: Southwest Airlines' Crazy Recipe for Business and Personal Success(Founders #56)(39:04) The key to staying on top of things is to treat everything like it's your first project.(41:10) The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley (Founders #233)(44:46) We (Jay Z, Bono, Quincy Jones) ended up trading stories about the pressure we felt even at this point in our lives.(45:22) Competition pushes you to become your best self. Jordan said the same thing about Larry Bird and Magic Johnson.[46:43] If you got the heart and the brains you can move up quickly. There's no way to quantify all of this on a spreadsheet, but it's the dream of being the exception.(52:26) He (Russell Simmons) changed the business style of a whole generation. The whole vibe of startup companies in Silicon Valley with 25 year old CEOs wearing shell toes is Russell's Def Jam style filtered through different industries.(54:17) Jay Z's approach is I'm going to find the smartest people that that know more than I do, and I'm gonna learn everything I can from them.(54:49) He (Russell Simmons) knew that the key to success was believing in the quality of your own product enough to make people do business with you on your terms. He knew that great product was the ultimate advantage in competition.(55:08) In the end it came down to having a great product and the hustle to move it.(56:37) Learn how to build and sell and you will be unstoppable. The Almanack of Naval Ravikant: A Guide to Wealth and Happiness (Founders #191)(58:30) We gave those brands a narrative which is one of the reasons anyone buys anything. To own not just a product, but to become part of a story.(59:30) The best thing for me to do is to ignore and outperform.(1:01:16) Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. (Founders #90)(1:06:01) Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth With Commentary  (Founders #78)(1:08:42) Jony Ive: The Genius Behind Apple's Greatest Products(Founders #178)(1:11:46) Long term success is the ultimate goal.(1:12:58) Runnin' Down a Dream: How to Succeed and Thrive in a Career You Love - Bill Gurley(1:15:11) I have always used visualization the way athletes do, to conjure reality.(1:18:14) The thing that distinguished Jordan wasn't just his talent, but his discipline, his laser-like commitment to excellence.(1:19:42) The gift that Jordan had wasn't just that he was willing to do the work, but he loved doing it because he could feel himself getting stronger and ready for anything. That is the kind of consistency that you can get only by adding dead serious discipline of whatever talent you have.(1:21:37) when you step outside of school and you have to teach yourself about life, you develop a different relationship to information. I've never been a purely linear thinker. You can see it to my rhymes. My mind is always jumping around restless, making connections, mixing, and matching ideas rather than marching in a straight line,(1:27:41) Samuel Bronfman: The Life and Times of Seagram's Mr. Sam (Founders #116)(1:34:15) The real bullshit is when you act like you don't have contradictions inside you. That you're so dull and unimaginative that your mind never changes or wanders into strange, unexpected places.(1:36:25) There are extreme levels of drive and pain tolerance in the history of entrepreneurship.(1:38:45) Hit Men: Power Brokers and Fast Money Inside the Music Business(1:42:24)  I love sharp people. Nothing makes me like someone more than intelligence.(1:44:17) They call it the game, but it's not. You can want success all you want but to get it you can't falter. You can't slip. You can't sleep— one eye open for real and forever.(1:51:49) The thought that this cannot be life is one that all of us have felt at some point or another. When a bad decision and bad luck and bad situations feel like too much to bear those times. When we think this, this cannot be my story, but facing up to that kind of feeling can be a powerful motivation to change.(1:54:18) Technology is making it easier to connect to other people, but maybe harder to keep connected to yourself.----Get access to the World's Most Valuable Notebook for Founders at Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Sam Schillace is deputy CTO and corporate vice president at Microsoft. Prior to working at Microsoft, Sam started a company called Writely, which was acquired by Google and became the foundation of what today is Google Docs. While at Google, Sam helped lead many of Google's consumer products, including Gmail, Blogger, PageCreator, Picasa, Reader, Groups, and more recently Maps and Google Automotive Services. Sam was also a principal investor at Google Ventures, has founded six startups, and was the SVP of engineering at Box through their IPO. In this episode, we discuss:• The journey of building Google Docs• The importance of taking risks, embracing failure, and finding joy in your work• The importance of asking “what if” questions vs. “why not”• Why convenience always wins• How, and why, Sam stays optimistic• Inside Microsoft's culture• Why you should solve problems without asking for permission• Early-career advice• Why “pixels are free” and “bots are docs”—Brought to you by Teal—Your personal career growth platform | Vanta—Automate compliance. Simplify security | Ahrefs—Improve your website's SEO for free—Find the full transcript at: https://www.lennyspodcast.com/how-to-be-more-innovative-sam-schillace-microsoft-deputy-cto-creator-of-google-docs/—Where to find Sam Schillace:• LinkedIn: https://www.linkedin.com/in/schillace/• Newsletter: https://sundaylettersfromsam.substack.com/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Sam's background(03:45) The first Google Docs file(06:45) Disruptive innovation(10:11) First-principles thinking(11:00) Recognizing disruptive ideas(13:17) Examples of first-principles thinking(15:46) The power of optimism(19:47) Sam's motto: Get to the edge of something and f**k around(21:53) User value and laziness(24:31) People are lazy (and what to do about it)(28:36) Building Google Docs(31:06) The evolution of Google Docs(37:15) Finding product-market fit(39:52) The future of documents(44:57) The value of playing with technology(47:58) Taking risks and embracing failure(49:21) Thinking in the future(53:48) Finding joy in your work(01:01:20) Just do the best you can(01:02:34) The transformational power of AI(01:09:27) Advice for approaching AI(01:13:07) The culture at Microsoft(01:16:51) Closing thoughts(01:17:32) Lightning round—Referenced:• Google Docs began as a hacked-together experiment, says creator: https://www.theverge.com/2013/7/3/4484000/sam-schillace-interview-google-docs-creator-box• Edna Mode: https://disney.fandom.com/wiki/Edna_Mode• Sergey Brin's profile on Forbes: https://www.forbes.com/profile/sergey-brin/• People Who Were No Smarter Than You: https://medium.com/thrive-global/people-who-were-no-smarter-than-you-4e1c88c3fee6• Nat Torkington (O'Reilly Media): https://www.oreilly.com/people/nathan-torkington/• How Tesla Has Shaken (Not Stirred) Established Carmakers—and Why It Really Matters: https://www.forbes.com/sites/jenniferdungs/2021/04/23/how-tesla-has-shaken-not-stirred-established-carmakersand-why-it-really-matters/• First Principles: Elon Musk on the Power of Thinking for Yourself: https://jamesclear.com/first-principles• Ashton Tate: https://en.wikipedia.org/wiki/Ashton-Tate• Learning by Doing: https://www.linkedin.com/pulse/learning-doing-sam-schillace• Kevin Scott on LinkedIn: https://www.linkedin.com/in/jkevinscott/• How do we make sense of all of this?: https://sundaylettersfromsam.substack.com/p/how-do-we-make-sense-of-all-of-this• Steve Newman on LinkedIn: https://www.linkedin.com/in/stevescalyr/• Eric Schmidt on LinkedIn: https://www.linkedin.com/in/eric-schmidt-02158951/• Michael Arrington on X: https://twitter.com/arrington• TechCrunch: https://techcrunch.com/• “Hello, Computer” scene from Star Trek: https://www.youtube.com/watch?v=hShY6xZWVGE• Writely—Process Words with your Browser: https://techcrunch.com/2005/08/31/writely-process-words-with-your-browser/• Satya Nadella on LinkedIn: https://www.linkedin.com/in/satyanadella/• Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger: https://press.stripe.com/poor-charlies-almanack• Calvinism: https://en.wikipedia.org/wiki/Calvinism• This Quote from Seth Godin Could Change How You Think About Pursuing Your Passion: https://friedchickenandsushi.com/blog/2021/7/5/this-quote-from-seth-godin-could-change-how-you-think-about-pursuing-your-passion• AI isn't a feature of your product: https://sundaylettersfromsam.substack.com/p/ai-isnt-a-feature-of-your-product• Introducing Gemini: our largest and most capable AI model: https://blog.google/technology/ai/google-gemini-ai/• Invisible Cities: https://www.amazon.com/Invisible-Cities-Italo-Calvino/dp/0156453800• The Wasp Factory: https://www.amazon.com/WASP-FACTORY-NOVEL-Iain-Banks/dp/0684853159• Where Good Ideas Come From: The Natural History of Innovation: https://www.amazon.com/Where-Good-Ideas-Come-Innovation/dp/1594485380/• Slow Horses on Apple TV+: https://tv.apple.com/us/show/slow-horses/umc.cmc.2szz3fdt71tl1ulnbp8utgq5o• Monarch: Legacy of Monsters on Apple TV+: https://tv.apple.com/us/show/monarch-legacy-of-monsters/umc.cmc.62l8x0ixrhyq3yaqa5y8yo7ew?mttn3pid• Scavengers Reign on Max: https://www.max.com/shows/scavengers-reign/50c8ce6d-088c-42d9-9147-d1b19b1289d4• 2023 Mustang Mach-E: https://www.ford.com/suvs/mach-e/• Boccalone Salumeria (now closed) on X: https://twitter.com/boccalone—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

Show DescriptionWe're closing in on episode 600 and need your help to celebrate! Listen in to learn how to contribute to the episode. We're also talking GitHub desktop apps and code editors, how many VS Code plugins are needed, reading long form like Poor Charlie's Almanack, InVision shutting down, and answering our first Q of the year: how would you approach learning web development in 2024? Listen on Website →Links The most powerful Git client for Mac and Windows | Tower Git Client GitHub Desktop | Simple collaboration from your desktop Zed - Code at the speed of thought Tree-sitter｜Introduction Panic - Nova JetBrains: Essential tools for software developers and teams Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger Stripe Press — Ideas for progress Engineering Management for the Rest of Us Stripe Press — Ideas for progress Stripe Press — The Dream Machine Stripe Press — The Making of Prince of Persia The Very Best Podcasts of 2023 The 25 Best Podcasts of 2023 - The Atlantic ‘Search Engine' Podcast Brings Back the Joy of ‘Reply All' UX design company InVision is shutting down this year Website design software | Adobe Dreamweaver Learn JavaScript, React, and TypeScript to Node.js, Fullstack, and Backend | Frontend Masters Learn from Emma Bostian's courses | Frontend Masters Trending - CodePen SponsorsJam.devYou've probably heard of Jam.dev, it's used by more than 60,000 people. It's a free tool that saves developers a ton of frustration. It forces your teammates to make the perfect bug report. They can't do it wrong because it automatically includes a video of the bug, console logs, network requests, everything you need to debug. It automatically lists out the steps to reproduce. It's so easy to get your teammates to use. It's just a Chrome extension. When they see a bug, they click a button and right away it creates a ticket. So it saves time for them.

In this special tribute, William Green celebrates the life & legacy of investing legend Charlie Munger. He shares personal anecdotes about his own interactions with Charlie & showcases an array of rich insights about Charlie from four famed investors: Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis. They share some of Charlie's most valuable lessons about investing, business, & life while also conveying what made him such an inspiring & idiosyncratic character. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro What it was like for William Green to interview Charlie Munger. What William learned from Charlie about trying to be less stupid. How Charlie's friendship changed Mohnish Pabrai's life. What was distinctive about Charlie's reading habits. How his hard, brusque exterior concealed a soft, sensitive interior. Why it's a huge competitive advantage to be trustworthy. How Warren Buffett & Charlie Munger surpassed General Electric.  Why it's invaluable to have a partner who challenges your beliefs. What Charlie taught Chris Davis about how to learn from our mistakes. How to succeed by structuring your life to avoid your weaknesses.  How Charlie was different from Warren. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Poor Charlie's Almanack by Charles T. Munger & Peter D. Kaufman  Listen to William Green's podcast interview with Mohnish Pabrai or watch the video. Tune in to William Green's podcast interview with Tom Gayner or watch the video. Listen to William Green's podcast interview with Chris Davis or watch the video. Tune in to William Green's podcast interview with Joel Greenblatt or watch the video. William Green's book, “Richer, Wiser, Happier” – read the reviews of this book Follow William Green on X (AKA Twitter) Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Wise American Express Business Gold Card Shopify Toyota Ka'Chava Glengoyne Whisky Babbel Alto Linkedin Marketing Solutions Noble Gold Investments Vanta Efani Monetary Metals Salesforce Notion AI HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Today, we're releasing a conversation between John Collison and Charlie Munger. We've had this interview with Charlie scheduled to air for a while, coinciding with Stripe Press's launch of the amazing reprint of Poor Charlie's Almanack, which is released today. We were all stunned last week when we heard the news of Charlie's passing, but having consulted with those close to him, everyone agreed that he'd want us to release this interview. I'm thankful to be able to learn from him just one more time in this interview. Please enjoy, and may Charlie Rest in Peace.   Order your copy of Poor Charlie's Almanack   Worldly wisdom episodes in honor of Charlie Munger: Daryl Morey: Systems Thinking in Sports Boyd Varty: The Art of Tracking Sam Hinkie: Find Your People David Senra: Passion & Pain Priya Parker: The Art of Gathering Charlie Songhurst: Lessons from Investing in 483 Companies 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 is the modern research platform for leading investors. Tired of running your own expert calls to get up to speed on a company? Tegus lets you ramp faster and find answers to critical questions more efficiently than any alternative method. The gold standard for research, the Tegus platform delivers unmatched access to timely, qualitative insights through the largest and most differentiated expert call transcript database. With over 60,000 transcripts spanning 22,000 public and private companies, investors can accelerate their fundamental research process by discovering highly-differentiated and reliable insights that can't be found anywhere else in the market. As a listener, drive your next investment thesis forward with Tegus for free at 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.  Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes (00:03:52) - (First question) - The fixation on evaluating business quality (00:05:58) - Learning the big ideas across various disciplines (00:10:03) - The issue of adverse selection in legal services (00:11:42) - Societal solutions for the opioid crisis (00:17:34) - Reasons for not investing in Amazon (00:20:38) - Explaining Costco's model (00:29:08) - Discussing the increasing challenges in investing (00:32:08) - Ingredients for long-term success in business (00:33:18) - Debating cryptocurrency (00:37:37) - Offering guidance for navigating a potential recession (00:38:56) - Reflecting on the state of American society (00:45:20) - Sharing a passion for architecture (00:54:13) - “Win-win” business (00:57:53) - Countering arguments against capitalism (00:60:42) - The origins of Poor Charlie's Almanack (01:05:14) - Building a productive partnership (01:08:55) - Opining on the SEC (01:12:22) - Highlighting investment concerns (01:16:31) - Reasons for optimism about China (01:32:14) - The unique aspects of Berkshire Hathaway

#475: Born in 1924, Charlie Munger was raised during the Great Depression. At the time of his death on Tuesday, his net worth was estimated at $2.6 billion. But Munger's greatest achievement wasn't merely the scorecard of his net worth. His wit and wisdom, which Munger shared with the world through his book, Poor Charlie's Almanack, which made him one of the most respected investors of the last century. Munger is the man who taught Warren Buffet how to invest. He's lauded as the moral compass of Berkshire Hathaway, the company where he has served as vice chairman since 1984. He's the man who famously said, "In the short run, the market is a voting machine. But in the long run, it is a weighing machine." Munger and Buffett met each other in Omaha, their shared hometown, at a lunch at the local Omaha Club, where they were introduced by mutual friends. They instantly connected. Buffett was an unknown at the time, but Munger saw his potential. Munger's wife once asked him, “Why are you paying so much attention to [Buffett]?,” and Munger replied, “You don't understand. That is no ordinary human being.” Their business partnership and friendship has lasted for more than 50 years, and Munger played a key role in many of Buffett's investing decisions. He passed away on November 28, 2023, at age 99. In today's First Friday bonus episode, we pay homage to the late investing legend Charlie Munger. For more information, visit the show notes at https://affordanything.com/episode475 Learn more about your ad choices. Visit podcastchoices.com/adchoices

We celebrate one of the greatest investors of all time by talking about our favorite Mungerisms and the lessons we'll carry forward from Poor Charlie. (00:21) David Meier and Dylan Lewis discuss: - Some of their favorite Mungerisms on investing and life. - Berkshire's incredible performance in his time with the company. - The best thing you can do to celebrate his life today – read a book. Companies discussed: BRK.A, BRK.B, AAPL Check out The Morning Show's conversation about Charlie Munger here (must be a paid member of a U.S. Motley Fool service to access) Host: Dylan Lewis Guests: David Meier Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices