Episode, Outside Insights Sarah George Episode, Outside Insights Sarah George

The Psychology of Luck with Morgan Housel

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.

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Episode, Outside Insights Sarah George Episode, Outside Insights Sarah George

John Fio: Building a World One Hug at a Time

Listen on Apple, Spotify, Overcast

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.

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Outside Insights, Episode Sarah George Outside Insights, Episode Sarah George

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.

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Outside Insights, Episode Sarah George Outside Insights, Episode Sarah George

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

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