The Psychology of Luck with Morgan Housel
Listen on Apple Podcasts, Spotify, Youtube.
Show Notes
Morgan Housel (The Psychology of Money) joins Brent Beshore & David Cover to discuss how to build wealth, why people are mad at Morgan, and why most investors are asking the wrong questions – plus, they clear the air on Brent’s online feud with Morgan.
LINKS & MENTIONS FROM THIS EPISODE
Preorder Morgan’s new book, Same As Ever https://www.penguinrandomhouse.com/books/672339/same-as-ever-by-morgan-housel/
Read The Psychology of Money https://www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8/ref=sr_1_3?crid=1ZWO7MWLGMIF4&keywords=morgan+housel&qid=1681911241&sprefix=morgan+hous%2Caps%2C302&sr=8-3
Listen to Morgan’s podcast https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669
Listen to Brent & David’s interview with Shane Parrish https://www.permanentequity.com/content/why-discipline-doesnt-matter-with-shane-parrish
Morgan mentions the book, April 1865 by Jay Winik https://www.amazon.com/April-1865-Professor-Jay-Winik-audiobook/dp/B00VQPDKWS/ref=sr_1_1?crid=2T648CGQZ69TS&keywords=jay+winnick&qid=1681928090&sprefix=jay+winick%2Caps%2C104&sr=8-1
CONNECT
Morgan on twitter https://twitter.com/morganhousel
Morgan on LinkedIn https://www.linkedin.com/in/morgan-housel-5b473821/
Brent on twitter https:/https://twitter.com/BrentBeshore
Brent on LinkedIn https://www.linkedin.com/in/brentbeshore
David on twitter https://twitter.com/DavidACover
David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/
Visit https://www.permanentequity.com/ for more
Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
TIMESTAMPS
0:00 Intro & Why Brent Hates Morgan
2:08 David Apologizes to Morgan
4:27 Did Morgan Know He Was Going to be a Best Selling Author?
10:17 Why People Are Mad at Morgan & Why Investors Are Asking the Wrong Questions
15:09 Why Brent Doesn’t Consider Himself an Investor
17:35 How Almost Dying Shaped Morgan’s View of Risk & Luck
26:31 How to Not Make Bad Decisions
29:22 How to Have Enough
36:06 How to Create Something That Will Have Impact
38:36 Is it Possible to Save Too Much Money?
41:26 What Should Owners & Operators Do With Their Money?
47:37 Getting Rich vs Staying Rich
53:47 How to Learn from the Past and What Never Changes
56:75 How to Be Less Cynical
59:08 Housel Hot-Takes: What Are You Reading?
1:00:52 Housel Hot-Takes: Bitcoin & AI
1:03:39 Housel Hot-Takes: The Fed
1:05:03 Housel Hot-Takes: Expensive Wine Is Overrated
1:06:08 Housel Hot-Takes: Twitter & Elon Musk
1:08:02 What Would You Go Back & Tell Your 30 Year Old Self?
1:09: Frenemies Are Frenemies Forever
1:10:46 Let’s Send This Podcast to Someone Together
1:11:40 What Happens Next
1:12:35 Moment of Compliance Zen
EPISODE CREDITS
Produced by David Cover
Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley
Outro music by Jees Guy
Moment of Compliance Zen music by Shimmer
WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT
Visit https://www.permanentequity.com/ for more
Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter
Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions
Check out our other podcast episodes here: https://www.permanentequity.com/audio
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
John Fio: Building a World One Hug at a Time
Show Notes
John Fio (Gravity Blanket, Moon Pals) joins Brent Beshore & David Cover to talk about what it was like to work with Justin Bieber, the importance of finding truth in what you create, why worldbuilding is more important storytelling, and why so many products won’t stand the test of time.
LINKS & MENTIONS FROM THIS EPISODE
Gravity Blanket https://gravityblankets.com/
Moon Pals https://www.moonpals.com/
Birthdate Co https://birthdate.co/
Unqualified Opinions Newsletter https://www.permanentequity.com/newsletters
CONNECT
John on twitter https://twitter.com/johnhfio
John on LinkedIn https://www.linkedin.com/in/john-fiorentino-a1b26439/
Brent on twitter https://twitter.com/BrentBeshore
Brent on LinkedIn https://www.linkedin.com/in/brentbeshore
David on twitter https://twitter.com/DavidACover
David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/
Visit https://www.permanentequity.com/ for more
Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters
Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
TIMESTAMPS
0:00 Intro & Who Is John Fio?
4:38 Maybe the World DOES Need One More Podcast
5:44 John the Artist vs John the Warlord
8:22 Working for Justin Bieber & Almost Dying
10:27 Being Homeless for Over a Year
12:35 Inventing Gravity Blanket After Spending the Night on the Subway
20:00 Worldbuilding > Storytelling
24:20 Fearlessly Pursuing Your Customer
29:29 Sign Up for the Unqualified Opinions Newsletter
30:57 Red Bull Built a Real World
37:07 Is Uber a Real Company?
41:43 A Plague of Cynicism
49:02 You Are More Than Yourself
1:04:21 Finding the Truth Is Profitable
1:07:13 Is Moon Pals the Next Disney
1:13:30 Creating From Truth
1:16:10 Building Fio Creations: Finding Artists & Warlords
1:23:09 Send This Podcast to Someone
EPISODE CREDITS
Produced by David Cover
Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley
Interlude music by Sam Barsh
Outro music by Jees Guy
WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT
Visit https://www.permanentequity.com/ for more
Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters
Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
Check out our other podcast episodes here: hhttps://pod.link/1480383949
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
You Can’t Build with Managers
Listen on Apple Podcasts, Spotify, YouTube.
Companies don’t stay small on purpose. So how can you scale faster? Anu Hariharan of YCombinator discusses the growing pains of going from start-up to success, how to grow as a builder and a manager, the importance of ruthless prioritization, and shares new technologies to help SMBs unlock their operations, and customer support.
LINKS & MENTIONS FROM THIS EPISODE
Tech to help SMBs:
Brex https://www.brex.com
Stripe Atlas https://stripe.com/atlas
Gusto https://gusto.com/product
Amplitude https://amplitude.com
Mix Panel https://mixpanel.com
Live Flow https://www.liveflow.io
Keeper https://www.keeper.app
Plan Grid https://construction.autodesk.com/products/autodesk-plangrid-build/
Mutiny https://www.mutinyhq.com
Canva https://www.canva.com/
Other Mentions by Anu:
DoorDash https://www.doordash.com
Faire https://www.faire.com
NVIDIA https://www.nvidia.com/en-us/
Boom https://boomsupersonic.com
Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto https://bitcoin.org/bitcoin.pdf
CONNECT
Learn more about Anu’s role as Managing Director of YC Continuity Fund https://www.ycombinator.com/continuity
Anu on twitter https://twitter.com/anuhariharan
Anu on LinkedIn https://www.linkedin.com/in/anuhariharan/
Brent on twitter https:/https://twitter.com/BrentBeshore
Brent on LinkedIn https://www.linkedin.com/in/brentbeshore
David on twitter https://twitter.com/DavidACover
David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/
Visit https://www.permanentequity.com/ for more
Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
TIMESTAMPS
0:00 Who Is Anu?
5:00 This One Time at Capital Camp
6:19 Characteristics of a Successful Founder
11:01 The Two Stages of Scaling
13:02 Biggest Mistakes Founders Make
17:12 Hiring From the Outside vs Internal Development
20:37 Learning How to Deal with People
20:04 Builders vs Managers
27:16 How to Hire a Builder
30:39 Why Do Companies Fail?
32:35 What Silicon Valley Has Lost
34:51 Dealing With Stress
37:22 What it Takes to Succeed
40:47 Helpful Tech for SMB
46:54 Emerging Technology
48:33 Lightning Round Hariharan Hot Takes
60:43 How to Win in 2023 and Beyond
64:24 What Drives You
66:36 Where We're Going
68:01 Legal Disclaimer
EPISODE CREDITS
Produced by David Cover
Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley
Outro music by Jees Guy
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
Why Discipline Doesn’t Matter
Listen on Apple Podcasts, Spotify, YouTube.
Shane Parrish (The Knowledge Project & Farnam Street) explains why your New Year's resolutions won't last, the importance of ritual, and his most costly mistakes as an investor in the first episode of a new series called Outside Insights.
LINKS & MENTIONS FROM THIS EPISODE
Visit Shane's website https://fs.blog/
Shane mentions Buffet: The Making of an American Capitalist by Roger Lowenstein (44:12)
Brent mentions Todd Peterson and Illuminations (31:22) https://illuminations.bible/
Follow Shane on twitter https://twitter.com/ShaneAParrish
Follow Brent on twitter https:/https://twitter.com/BrentBeshore
Follow David on twitter https://twitter.com/DavidACover
Visit https://www.permanentequity.com/ for more.
TIMESTAMPS
0:00 Intro & About Shane Parrish
3:40 Meat and Greet
6:03 Why New Years Resolutions Always Fail
10:30 Ritual vs Discipline
13:59 From Intelligence to Knowledge
19:30 Two Kinds of Knowledge: Tactic and Perspective
22:31 Why Should People Care About Continuous Learning?
27:28 The Best Sources of Knowledge
33:06 What Should You Stop Doing?
36:47 A Good Position is Better Than A Good Decision
39:06 Efficiency vs Relationships
41:34 Shane the Investor
45:42 Biggest Mistakes You See New Investors Make
52:38 How Has Growing Your Resources Changed You?
55:07 What Would You Tell Your 30-Year-Old Self?
57:17 Five Minute Management & More Coming on the Permanent Podcast