A Few Little Ideas And Short Stories
The Morgan Housel Podcast
Morgan Housel
4.9 • 1.1K Ratings
🗓️ 12 September 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
Some of the most interesting stuff I've come across lately.
Transcript
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| 0:00.0 | We talk so much about investing on this podcast and the different ways to do it. |
| 0:05.0 | So before we get going, I want to let you know that this episode is brought to you by my friends at 10 East. |
| 0:10.0 | 10 East is an investing platform for sophisticated investors to access private markets. |
| 0:15.6 | It brings the benefits of having your own family office without the cost and the headaches of doing so. |
| 0:22.0 | Ten East is founded and led by Michael Lefel, |
| 0:24.8 | former deputy executive managing member at Davidson-Kepner. |
| 0:28.9 | Tenney's core strategy is to apply institutional grade due diligence |
| 0:32.0 | to more niche exposures across private markets in equity and credit and real estate. |
| 0:38.0 | The principals and partners at Ten East invest their own money in these deals to align interests. To learn more please check out 10 East.co. |
| 0:46.7 | That's the number 10 East.co. Welcome back. I read this thing many years ago and I can't find the name of the person who's story I'm about to tell but it shouldn't matter. |
| 1:08.0 | It was back in the 1950s and there was a very successful business leader that a newspaper asked him to write a newspaper column every week. |
| 1:19.0 | And he said, you know, I don't have time to do that. I'm busy in all my other jobs. I'm the CEO of a company. I'm active in my community. I don't have time for a weekly newspaper column. |
| 1:29.0 | And the newspaper said, why don't you just write a couple of very short random tidbits every week? |
| 1:36.1 | If that's all you can give us, that would be great. |
| 1:39.2 | So he did. |
| 1:40.2 | And every week he had a newspaper column that was just a bunch of |
| 1:43.4 | unconnected random tidbits about life. It was just a bunch of |
| 1:48.3 | quotes and philosophies, just a random brain dump every week. |
| 1:57.9 | And people loved it. They loved it because everybody knows that the vast majority of non-fiction books or articles are too long. |
| 2:04.2 | They're like, just give me the point |
| 2:06.2 | and then move on. |
| 2:06.8 | Don't burden me with all this ramble and excessive fluff. |
... |
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