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My First Million

99 Years of Charlie Munger Wisdom in 44 Minutes

My First Million

Hubspot

Entrepreneurship, Business, Investing

4.72.9K Ratings

🗓️ 29 November 2023

⏱️ 49 minutes

🧾️ Download transcript

Summary

Episode 525: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) pay tribute to Charlie Munger by telling stories about how his wisdom changed their lives and businesses.  No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd — Show Notes: (0:00) Intro (2:00) To get what you want, deserve what you want (6:30) I'm not entitled to an opinion unless... (8:00) Churchillian self-confidence (12:30) Avoiding stupidity is easier than seeking brilliance (18:00) Optimize for the truth (23:00) Invert, always invert (35:30) Learn all the big ideas in your space — Links: • MFM meetups - https://getriver.io/mfm • Cloud Poker tournament - cloudpokernight.com/mfm • Free 2024 Goal-Setting Session - https://planfor2024.com/ — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com/ Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0

Today there's going to be literally a thousand threads that are Charlie Munger was lived till 99.

0:05.4

Here's 99 lessons I learned and they're going to regurgitate the stupid quotes of Wikipedia.

0:10.7

But this is my first meal. We do things differently around here. We're not just going to give you the

0:14.4

regurgitated quotes. I got to give you that, you know, little special jou, that old jou that you can dip that sandwich in.

0:20.9

I feel like I can rude the world.

0:23.2

I know I could be what I want to.

0:25.0

I put my all in it like no days off on the road.

0:30.0

Charlie Munger has died at age 99 and all around the world people are remembering

0:34.7

Charlie this guy who is Warren Buffett's business partner you know Bill Gates

0:38.0

called Charlie you know maybe the broadest thinker he knows he said that he has the best 32nd brain of anybody he's ever met and we wanted to dissect that brain. What's inside that? What made Charlie so prolific? Why did Warren Buffett say that Berkshire is shaped in the mold of Charlie

0:55.6

Munger and that he is one of the smartest and wisest men he's ever met? And we pulled out seven

1:00.9

of the big ideas. Charlie said a lot of things over the years,

1:03.5

but we identified what we think are the seven big,

1:07.4

big bits of wisdom that Charlie has shared.

1:10.7

And what we wanted to do was instead of just making a listical

1:13.2

which you're going to see a lot today you're seeing people on Twitter you

1:15.5

know every thread boy is going to be like Charlie Mugger died at 99 here's the 99

1:19.9

bits of wisdom and they're going to copy-paste Wikipedia we didn't't want to do that. What we wanted to do was take the seven that we thought were really, really impactful and specifically tell a story of how we learned that lesson in our own business life or in our life. It made for, I think, a pretty amazing episode. I told Sam, I said, dude, this notes document that we have for this episode.

1:38.0

The thing is, you got a handkerchief? This thing is dripping with wisdom. And that's's how you're gonna feel at the end of this

1:43.4

podcast you're gonna need to take a shirt you're gonna need to wipe the old podcast

1:47.6

player because this episode is about to be dripping with wisdom I hope you enjoy

1:50.8

this episode on the seven bits of wisdom from Charlie Munger.

...

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