#366 Mr. Beast Leaked Memo

Founders

David Senra

History, Entrepreneurship, Business, Technology

4.8 • 2.4K Ratings

🗓️ 27 September 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

What I learned from reading How To Succeed in Mr. Beast Production and how ideas from Sam Zell, Charlie Munger, Nick Sleep, Warren Buffett, Sam Zemurray, Bob Kierlin, Steve Jobs, Li Lu, Edwin Land, Larry Ellison, Bill Gates, Jeff Bezos, James Cameron, Anna Wintour, Walt Disney, Bernard Arnault, and Brad Jacobs immediately came to mind. ---- Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ---- Founders Notes gives you the superpower to learn from history's greatest entrepreneurs on demand. You can search all my notes and highlights from every book I've ever read for the podcast. Get access to Founders Notes here. ---- Join my free email newsletter to get my top 10 highlights from every book ---- Follow Founders Podcast on YouTube (Video coming soon!) ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

Transcript

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0:00.0	A few months ago I got to spend seven hours over two days with John Mackie, the founder of Whole Foods.
0:05.2	And it was during one of our conversations that John Mackie told me one of the craziest things that anyone has ever said about the podcast.
0:11.8	By the time we had met he'd already
0:13.2	listened to over a hundred episodes and he said that if founders had existed when he
0:17.1	was younger whole foods would still be an independent company that since the
0:20.9	podcast and all of history's greatest entrepreneurs constantly
0:23.1	emphasize the importance of controlling expenses he would have put more of a priority on
0:27.1	it especially during good times it is natural for a company and for human nature to not
0:31.8	watch their costs as closely because everything else is going so well.
0:36.0	The importance of that idea was noticed over 150 years ago by Andrew Carnegie.
0:40.0	He would go around repeating this mantra.
0:42.0	He would say profits and prices were
0:43.4	cyclical subject to any number of transient forces of the marketplace.
0:47.2	Costs, however, could be strictly controlled and any savings achieved in costs
0:51.8	were permanent.
0:52.8	This is something I was talking about with my friend Eric,
0:54.6	who's the co-founder and CEO of RAMP.
0:56.5	RAMP is now a partner of this podcast.
0:58.8	I've gotten to know all the co-founders of RAMP and have spent a ton of time with them over the last year or two.
1:04.0	They all listen to the podcast and they picked up on the fact that the main theme from the
1:07.4	podcast is on the importance of watching your costs and controlling your spend.
1:11.2	And how doing so gives you a massive competitive advantage.
	...

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