Smart Friends #062 Meeting Charlie Munger and Starting RE Costseg with David Senra and Mitchell Baldridge
01:59:34
Idea Behind the Idea
- Focus on the core principles behind ideas, rather than just the stories themselves.
- History is often rewritten by the victors, so look for underlying truths.
Life After Recognition
- David Senra's life changed significantly after gaining recognition for his podcast.
- This shift brought new opportunities, like meeting Charlie Munger.
Content is King
- Focus on creating amazing content that people love.
- Other metrics will sort themselves out if the content is valuable.
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Introduction
00:00 • 5min
Charlie Munger's Dinner
04:58 • 2min
The Importance of Being Present in the Moment
07:00 • 2min
How to Maximize Your Profits
09:23 • 2min
The Importance of Controlling Your Cost
11:28 • 2min
The Last Resting Stable Coin
13:01 • 2min
The Importance of Conversational Resourcefulness
14:37 • 2min
The Power of Conversational Resourcefulness
16:20 • 5min
How to Have an Out of Body Experience
21:36 • 2min
The Importance of Connecting to Young Entrepreneurs
23:54 • 4min
Sam Walter's Autobiography
27:53 • 4min
How to Make Amazing Content People Love
32:05 • 3min
The Importance of Learning From People
34:41 • 2min
How to Build a Successful Podcast
36:22 • 3min
How to Grow Your Podcast
39:45 • 3min
How to Make a Name for Yourself
42:32 • 4min
The Importance of Prevention
46:52 • 2min
The Importance of Listening to Your Heroes
49:06 • 2min
The Importance of Entrepreneurship
50:59 • 1min
The Importance of Focusing on Customers
52:22 • 3min
The Future of Venture Capital
54:55 • 2min
The Dilemma of Software and Venture Investing
56:55 • 2min
The Impact of Software on the World
58:28 • 4min
The Importance of Small Productized Services
01:02:49 • 2min
The Revisionist Element of History
01:04:55 • 6min
The Importance of Having a High Multiple
01:10:29 • 2min
How to Build a Successful Business on Twitter
01:12:50 • 2min
How to Start a Business by Real Estate
01:14:23 • 3min
How to Start a Self-Funded Business
01:17:18 • 4min
How to Burn Down to Make Money Right Away
01:21:19 • 2min
How to Hire a Real Operator to Drive Customers
01:22:57 • 2min
How to Fund a Business Like This
01:25:06 • 2min
The Importance of Equity in Startups
01:26:59 • 6min
Better Bookkeeping: A Business That Can Scale Well
01:32:31 • 2min
How to Kill Cost and Have Higher Margins
01:34:17 • 2min
The Importance of Trusting Your Own Judgment
01:36:16 • 2min
The Importance of Building a Foundation
01:38:29 • 2min
How Much Bitcoin Are We Buying?
01:40:07 • 2min
The Importance of Learning to Change Behavior
01:41:42 • 4min
The Power of Focus
01:45:59 • 2min
The Benefits of Learning From Others' Experiences
01:47:49 • 3min
The Importance of Being Accountable
01:50:21 • 2min
The Importance of Controlling Your Time
01:51:54 • 2min
How to Be a Better Writer and Investor
01:53:51 • 2min
The Blue Oxford Boys' Meetup With Shane Parrish
01:56:00 • 2min
The Lens Report: Building Leverage in Modern Society
01:58:06 • 2min
Links:
Hard Drive: Bill Gates and the Making of the Microsoft Empire
Joe Lonsdale - Lessons from Peter Thiel
Topics:
(5:51) - David’s dinner with Charlie Munger
(29:33) - The power of Podcasting, Chris Powers, and innovation
(36:21) - How to make a successful Podcast
(47:42) - The Scarcity of GREAT ideas
(55:30) - Self-funding businesses and the philosophy behind Venture Capital
(1:14:27) - Mitchell’s new business
(1:55:53) - Travel plans, meet-ups and live events!
To support the costs of producing this podcast:
>> Buy a copy of the Navalmanak: www.navalmanack.com/
>> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage
>> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun
>> Join the free weekly email list at ejorgenson.com/newsletter
>> Text the podcast to a friend
>> Or at least give the podcast a positive review to help us reach new listeners!