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Seeking Wisdom with David Cancel

#161: Go All in with Great Opportunities (They Are Rarer than You Think)

Seeking Wisdom with David Cancel

Molly Sloan

Business, Entrepreneurship

5610 Ratings

🗓️ 11 January 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

Great opportunities are much rarer than you think. When they do come your way, go all-in. That's the takeaway DC shares on this episode of Seeking Wisdom and it's just one secret behind Charlie Munger's success. Tune in for more wisdom plus lessons from Jeff Bezos and Bill Ackman. And, is this the episode DC finally gets on Twitch? You'll have to listen to find out. Like this episode? Be sure to leave a ⭐️ ⭐️ ⭐️ ⭐️ ⭐️ ⭐️ review and share the pod with your friends. You can connect with DC and his co-host, Adam Schoenfeld, on Twitter @dcancel @schoeny @HYPERGROWTH_Pod For more learnings from DC, check out his weekly newsletter, The One Thing. You can subscribe here: https://www.drift.com/insider/learn/newsletters/dc/

Transcript

Click on a timestamp to play from that location

0:00.0

Boom. We're back seeking wisdom. What's going on, young Adam?

0:10.6

What's up, D.C. Good to be back. We're excited. We're going to talk more about what you wish you knew when you were younger. That's what we're here to do.

0:18.6

You write down these tweets and we have to talk about them. That's the rules.

0:22.9

I wish I was younger. That's what I wish I knew when I was younger. Stay young. Well, in the absence of

0:27.8

making you younger, we're going to impart this wisdom on me, first of all, because I'm much younger and others listening.

0:36.3

That's savagery. Sadd to get that one in there for you.

0:40.3

Much younger, much, much, baby.

0:42.3

So anyway, we're back people, seeking wisdom.

0:45.3

The universe is only six star podcast, six star.

0:50.3

If you're listening to this, also know that we are now putting these on YouTube, LinkedIn, Twitter, Facebook. Maybe I'll even go to Twitch soon and run my own Discord server. Let's go. TikTok. It's time. It's everywhere. It's everywhere. It's everywhere. Tick-Tac. Let's do it everywhere. Humanly possible. The universe is only six-star podcast and we're back with the young Jedi in training,

1:12.7

Adam Schoenfeld.

1:13.9

All right, let's talk.

1:15.1

Let's do this.

1:15.9

I'm excited about this one today because you said, in this piece of wisdom, great opportunities

1:21.8

are much rarer than you think.

1:23.8

Go all in when you find the few in your lifetime.

1:26.8

That is me paraphrasing a story that

1:30.4

Charlie Munger once talked about where his uncle had said that to him. I believe his uncle,

1:36.4

might have been his great uncle, but I think it was his uncle who said, who gave that advice to him

1:41.0

early in his life. And he credits that as being one of the most

1:44.7

important pieces of advice that he ever got, which is this idea that opportunities are very

1:50.4

rare. I think as kids, we're taught for some reason we get this notion in our head or we're taught

...

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