Founders

What I learned from reading the transcripts of Young Oprah on Her Life and Career and Oprah on Career, Life and Leadership. ----Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----Come and build in-person relationships at the Founders Only conference----(1:00) Oprah fired her agent and replaced him with a Chicago lawyer named Jeffrey Jacobs. "I heard Jeff is a piranha. I like that. Piranha is good."(3:00) I will just create. And if it works, it works. And if it doesn’t, I’ll create something else. I don’t have any limitations on what I think I could do or be.(4:30) Dr. Julie Gurner’s Ultra Successful newsletter Dr Julie Gurner's Website (7:00) Imitation precedes creation.  — Stephen King On Writing: A Memoir of the Craft by Stephen King. (Founders #210)(9:00) On getting demoted from anchor to talk show host: I was embarrassed by the whole thing because I had never failed before. It was that “failure” that led to the talk show. (Opportunity is a str

What I learned from reading The Red Bull Story by Wolfgang Fürweger and Red Bull's Billionaire Maniac by Duff McDonald. ----Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----Come and build in-person relationships at the Founders Only conference----(1:30) "In literal financial terms, our sports teams are not yet profitable, but in value terms, they are," he says. "The total editorial media value plus the media assets created around the teams are superior to pure advertising expenditures."(2:30) "It is a must to believe in one's product. If this were just a marketing gimmick, it would never work."(5:00) He doesn't place a premium on collecting friends or socializing: "I don't believe in 50 friends. I believe in a smaller number. Nor do I care about society events. It's the most senseless use of time. When I do go out, from time to time, it's just to convince myself again that I'm not missing a lot."(7:30) The most dangerous thing for a branded prod

What I learned from reading Jesus: A Biography from a Believer by Paul Johnson. ----Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com----(3:00) Churchill by Paul Johnson. (Founders #225) Socrates: A Man for Our Times by Paul Johnson. (Founders #252)Mozart: A Life by Paul Johnson. (Founders #240)Heroes: From Alexander the Great and Julius Caesar to Churchill and de Gaulle by Paul Johnson. (Founders #226) (10:00) Jesus was:-observant-detail oriented-maintained intense eye contact-confident-decisive-charismatic-gifted communicator(11:00) The most important step when starting anything new is recruiting the people who are going to help you on your mission.(12:00) No prophet is acceptable in his hometown.(16:00) Jesus emphasized the importance of humility, gentleness, non aggression. The importance of the pursuit of justice and righteousness. He encourages acts of compassion and forgiveness towards others.  He focuses on inner purity, sincerity, and a genuine heart. He commends tho

What I learned from reading Dior by Dior: The Autobiography of Christian Dior and Creators by Paul Johnson. ----Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com----(4:00) The Taste of Luxury: Bernard Arnault and the Moet-Hennessy Louis Vuitton Story by Nadege Forestier and Nazanine Ravai. (Founders #296)(5:00) Opportunity is a strange beast. It frequently appears after a loss.(6:00) Dior was a nobody in his forties, with nothing in his design career to suggest genius.(6:00) When you read biographies of people who've done great work, it's remarkable how much luck is involved. They discover what to work on as a result of a chance meeting, or by reading a book they happen to pick up. So you need to make yourself a big target for luck, and the way to do that is to be curious. Try lots of things, meet lots of people, read lots of books, ask lots of questions.— How To Do Great Work by Paul Graham. (Founders #314)(7:00) Dior told him: “I am not interested in managing a clothing fac

What I learned from rereading Les Schwab Pride In Performance: Keep It Going! by Les Schwab. ----Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com----(8:00) I didn't know how to ride a bike. We never had one. All the other young kids delivered newspapers on a bike. He's got no money. He doesn't have a bike. So he ran his routes for two months in order to get enough money to buy his first bike. He’d run nine or 10 miles a day. (8:00) I was too proud to complain.(10:00) For a poor boy, money was much more important than pride.(10:00) Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)(13:00) I was young. I was cocky. But the same cockiness helped me a lot in going through life.(15:00) The very first sentence describing his very first day in business is mind blowing: I had never fixed a flat tire in my life.(15:00) the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger (Founders #329)(29:00) Sam Walton: The Inside Story of Amer

What I learned from reading the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger. ----Listen to this incredible conversation between Charlie Munger and John Collison on Invest Like The Best. ----Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com----(2:00) The practical wisdom of Poor Charlie's Almanack, this ode to curiosity, generosity, and virtue will similarly compound at successive generations of entrepreneurial readers extend his lessons to their own circumstances.(12:00) Education is the process whereby the ability to lead a good life is acquired.  — Socrates: A Man for Our Times by Paul Johnson. (Founders #252)(22:00) Trust is one of the greatest economic forces on earth.(29:00) Charlie is content to trust his own judgment when it runs counter to the wisdom of the herd.(31:00) Animated: Charlie Munger: The Psychology of Human Misjudgement(31:30) Aim for durability. Durability has always been a first rate virtue in Charlie’s eyes.(32:00) Charlie only foc

What you are about to hear I have never released on this feed before.Order the new updated version of Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. MungerCharlie Munger episodes:#295 I had dinner with Charlie Munger#286 Warren Buffett and Charlie Munger All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. #221 Charlie Munger Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe.#90 Charlie Munger Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger#79 Charlie Munger Charlie Munger: The Complete Investor by Tren Griffin#78 Charlie Munger Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth With Commentary by David Clark

What I learned from reading The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William Thorndike. ----I use EightSleep to get the best sleep of my life. Find out why EightSleep is loved by founders everywhere and get $500 off at eightsleep.com/founders/----Get access to the World’s Most Valuable Notebook for Founders at FoundersNotes.com----(5:00) Tom Murphy] gave me one of the best pieces of advice I've ever received. He said, 'Warren, you can always tell someone to go to hell tomorrow'...You haven't missed the opportunity. Just forget about if for a day. If you feel the same way tomorrow, tell them then-but don't spout off in a moment of anger." All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. (Founders #286)(5:15) Thirty years ago Tom Murphy, then CEO of Cap Cities, drove this point home to me with a hypothetical tale about an employee who asked his boss

What I learned from reading Ted Turner's Autobiography. ----Get access to the World’s Most Valuable Notebook for Founders at FoundersNotes.com----Listen to Art of Investing #4 David Senra Lessons from the Founder Historian. ----(9:00) My net worth dropped by about 67 million per week, or nearly 10 million per day, every day for two and a half years.(10:00) Once to drive home a point about the difficulties of attracting good loyal employees he told me: Jesus only had to pick 12 disciples and even one of those didn't turn out well.(10:00) Early to bed, early to rise, work like hell, and advertise .(11:00) Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger. (Founders #141)(13:30) The problem isn't getting rich, it's staying sane. — Charlie Munger(17:00) I learned a lesson that would stick with me throughout my career. When the chips are down in the pressure's on it's amazing to how creative people can be.(20:00) My father always maintained many of the different billboard businesses as separat

What I learned from reading Anna: The Biography by Amy Odell. ----1. If you need tax prep and bookkeeping check out betterbookkeeping.com/founders. It's like having a full time CFO and super cheap grandpa sitting on your shoulder. 2. Vesto makes it easy for you to invest your businesses idle cash. Schedule a demo with Vesto's founder Ben and tell him David from Founders sent you. Here's the legal disclosures to make the lawyers happy:Vesto Advisors, LLC (“Vesto”) is an SEC registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. More information about Vesto and our partnership can be found hereWe are entitled to compensation for promoting Vesto Advisors, LLC. Accordingly, we have an incentive to endorse Vesto and its team and services. We are not current advisory clients of the Vesto.3. I went to Notre Dame and spoke to the Art of Investing class. You can listen to the full conversation here. ----(8:00) She knows the ecosystem in which she operates better t

What I learned from reading How Larry Gagosian Reshaped The Art World by Patrick Radden Keefe. ----Get access to the World’s Most Valuable Notebook for Founders at FoundersNotes.com----(4:00) The dealer has been so successful selling art to masters of the universe that he has become one of them.(5:45) We think of genius as being complicated, but geniuses have the fewest moving parts. Gagosian is simple. He's basically a shark, a feeding machine.(6:00) A novice is easily spotted because they do too much. Too many ingredients, too many movements. Too much explanation. A master uses the fewest motions required to fulfill their intention.(10:00) His own publicist described him as “A Real Killer”(12:00) The Invisible Billionaire: Daniel Ludwig by Jerry Shields. (Founders #292)(17:30) There is always a blueprint. Joseph Duveen was the art dealer to the Robber Barons. Biographies of Duveen:Duveen: A Life in Art Secrets Of An Art Dealer Duveen The Artful Partners: The Secret Association of Bernard Berenson and Joseph

What I learned from reading The 38 Letters from J.D. Rockefeller to His Son by John D. Rockefeller. ----Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com----(5:00) My Influence had been extended to all corners of the oil industry.  If I say that I have the power of life and death over oil producers and oil refiners, that is not a lie. I can make them wealthy or I can make them worthless.(7:25) I never thought I would lose. As far as my nature is concerned, I do not meet competition. I destroy competitors.(8:30) Retreat means surrender. Retreat will turn you into a slave. The war is inevitable. Let it come.(9:00) Bring a steel like determination to face all kinds of challenges.(13:45) I firmly believe that our destiny is determined by our actions and not by our origins.(15:45) Alexander the Great: The Brief Life and Towering Exploits of History's Greatest Conqueror--As Told By His Original Biographers by Arrian, Plutarch, and Quintus Curtius Rufus. (Founders #232)(21:00) The g

What I learned from reading Bloomberg by Michael Bloomberg. [2:08] Answering to no one is the ultimate situation.[3:02] Twitter thread on Michael Bloomberg by Neckar.Substack.com[5:28] We never made the error that so many others have: mistaking their product for the device that delivers it.[6:27] We knew our core product was data and analytics.[7:01] We were motivated by an idea that we could build something new that just might make a difference.[9:04] Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger[10:05] I was willing to do anything that they wanted. I would have never left voluntarily.[16:00] Street smarts and common sense were better predictors of career achievements.[17:40] Almost all occupations have a big selling component: selling your firm, your ideas and yourself.[18:20] It is the doers, the lean and hungry ones, those with ambition in their eyes and fire in their bellies, who go the furthest and achieve the most.[21:36] Comparing John to Bill on leadership, I always thought J

What I learned from reading Jimmy Buffett: A Good Life All the Way by Ryan White and A Pirate Looks at Fifty by Jimmy Buffett.----I use EightSleep to get the best sleep of my life. Find out why EightSleep is loved by founders everywhere and get $150 off at eightsleep.com/founders/----I'm doing a live show with Patrick O’Shaughnessy from Invest Like the Best on October 19th in New York City. Get your tickets here!----Vesto makes it easy for you to invest your businesses idle cash. Schedule a demo with Vesto's founder Ben and tell him David from Founders sent you. Here's the legal disclosures to make the lawyers happy:Vesto Advisors, LLC (“Vesto”) is an SEC registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. More information about Vesto and our partnership can be found hereWe are entitled to compensation for promoting Vesto Advisors, LLC. Accordingly, we have an incentive to endorse Vesto and its team and services. We are not current advisory clients of

What I learned from reading Nuts!: Southwest Airlines' Crazy Recipe for Business and Personal Success by Kevin and Jackie Freiberg and  Herb’s Heroes by David Sanders. ----Join my free email newsletter to get my top 10 highlights from every book----I'm doing a live show with Patrick O’Shaughnessy from Invest Like the Best on October 19th in New York City. Get your tickets here!----Listen to Invest Like The Best #343 David Senra: In The Service of Founders ----Vesto makes it easy for you to invest your businesses idle cash. Schedule a demo with Vesto's founder Ben and tell him David from Founders sent you. Here's the legal disclosures to make the lawyers happy:Vesto Advisors, LLC (“Vesto”) is an SEC registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. More information about Vesto and our partnership can be found hereWe are entitled to compensation for promoting Vesto Advisors, LLC. Accordingly, we have an incentive to endorse Vesto and its team and servi

What I learned from reading Working Backwards: Insights, Stories, and Secrets from Inside Amazon by Colin Bryar and Bill Carr.---I'm doing a live show with Patrick O’Shaughnessy from Invest Like the Best on October 19th in New York City. Get your tickets here!---Sponsors: I use EightSleep to get the best sleep of my life. Find out why EightSleep is loved by founders everywhere and get $150 off at eightsleep.com/founders/----Vesto makes it easy for you to invest your businesses idle cash. Schedule a demo with Vesto's founder Ben and tell him David from Founders sent you. Here's the legal disclosures to make the lawyers happy:Vesto Advisors, LLC (“Vesto”) is an SEC registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. More information about Vesto and our partnership can be found hereWe are entitled to compensation for promoting Vesto Advisors, LLC. Accordingly, we have an incentive to endorse Vesto and its team and services. We are not current advisory cli

What I learned from reading Young Titan: The Making of Winston Churchill by Michael Shelden. ---I'm doing a live show with Patrick O’Shaughnessy from Invest Like the Best on October 19th in New York City. Get your tickets here!----Sponsors: I use EightSleep to get the best sleep of my life. Find out why EightSleep is loved by founders everywhere and get $150 off at eightsleep.com/founders/----Vesto makes it easy for you to invest your businesses idle cash. Schedule a demo with Vesto's founder Ben and tell him David from Founders sent you. Here's the legal disclosures to make the lawyers happy:Vesto Advisors, LLC (“Vesto”) is an SEC registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. More information about Vesto and our partnership can be found hereWe are entitled to compensation for promoting Vesto Advisors, LLC. Accordingly, we have an incentive to endorse Vesto and its team and services. We are not current advisory clients of the Vesto.----Listen to

What I learned from rereading The Fish That Ate the Whale: The Life and Times of America's Banana King by Rich Cohen.----Come see a live show with me and Patrick O'Shaughnessy from Invest Like The Best on October 19th in New York City. Get your tickets here! ----Sponsors: I use EightSleep to get the best sleep of my life. Find out why EightSleep is loved by founders everywhere and get $150 off at eightsleep.com/founders/----Vesto makes it easy for you to invest your businesses idle cash. Schedule a demo with Vesto's founder Ben and tell him David from Founders sent you. Here's the legal disclosures to make the lawyers happy:Vesto Advisors, LLC (“Vesto”) is an SEC registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. More information about Vesto and our partnership can be found hereWe are entitled to compensation for promoting Vesto Advisors, LLC. Accordingly, we have an incentive to endorse Vesto and its team and services. We are not current advisory cli

What I learned from reading Hero of the Empire: The Boer War, a Daring Escape, and the Making of Winston Churchill by Candice Millard. ---Vesto makes it easy for you to invest your businesses idle cash. Schedule a demo with Vesto's founder Ben and tell him David from Founders sent you. Here's the legal disclosures to make the lawyers happy:Vesto Advisors, LLC (“Vesto”) is an SEC registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. More information about Vesto and our partnership can be found hereWe are entitled to compensation for promoting Vesto Advisors, LLC. Accordingly, we have an incentive to endorse Vesto and its team and services. We are not current advisory clients of the Vesto.---I'm doing a live show with Patrick O’Shaughnessy from Invest Like the Best on October 19th in New York City. Get your tickets here!---Join Founders AMAMembers of Founders AMA can:-Email me your questions directly (you get a private email address in the confirmation ema

What I learned from the first 6 years of making Founders.---I'm doing a live show with Patrick OShaughnessy (Invest Like the Best) on October 19th in New York City. Get your tickets here!---I recorded a new episode with Patrick. It should be out soon. Follow Invest Like the Best in your favorite podcast app so you don't miss it.