“There is no better teacher than history in determining the future. There are answers worth billions of dollars in a $30 history book.” - Charlie Munger
How to Make a Few Billion Dollars (Brad Jacobs' Playbook):
1. Find a fragmented industry
2. Buy the best small players
3. Scale fast with data + execution
4. Repeat until you dominate
Jacobs did it 6 times—breaking it all down in my next podcast. Follow for more. 🚀 #Business
Walt Disney once said, “In order to make good in your chosen task, it’s important to have someone you want to do it for.
The greatest moments in life are not concerned with selfish achievements but rather with the things we do for the people we love and esteem.”
8. If you absolutely can't tolerate critics, then don't do anything new or interesting. (Bezos)
9. Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected. (Jobs)
10. Never say you can’t do something
5. I did not succeed in life by intelligence. I succeeded because I have a long attention span. (Munger)
6. You’ve got to choose what you put your love into really carefully. (Steve Jobs)
7. If we lose the details, we lose everything. (Disney)
After listening to over 200+ episodes of @FoundersPodcast ,
Here are some of the main maxims/takeaways:
1. The story of the father is embedded in the son
2. Hire A Players
3. Never trust the reports
4. Mediocrity is there until passion shows up, and it exposes it
One of my favorite quotes from @elonmusk : “Do not fear losing. ‘You will lose,’ Musk says. ‘It will hurt the first fifty times. When you get used to losing, you will play each game with less emotion.’ You will be more fearless, take more risks.”