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The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network

TIP242: Billionaire Jack Dorsey - Lessons From Twitter and Square (Business Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 12 May 2019

⏱️ 42 minutes

🧾️ Download transcript

Summary

On today's show, we cover important questions that were recently asked of billionaire Jack Dorsey. IN THIS EPISODE YOU’LL LEARN: How and why Twitter and Square was founded How Jack thinks about the future of payment processing with Square Why you should invest in megatrends, and which mega trend to follow if you invest in consumer internet  The two main lessons Jack learned from founding twitter Ask The Investors: Do you invest your monthly cash flow or do you invest a few times per year?   BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. One of Steve Jobs' favorite books, Inside the Tornado. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. 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Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TI-P.

0:30.0

For the delay, here's our episode on the thoughtful Jack Dorsey.

0:34.0

You are listening to the Investors Podcast.

0:40.0

Where we study the financial markets and read the books that influence self-made billionaires the most.

0:45.0

We keep you informed and prepared for the unexpected.

0:49.0

Welcome to the Investors Podcast on your host, Preston Pish, and is always on the company by my co-host, Stig Broderson.

1:04.0

We're covering Jack Dorsey today.

1:07.0

Let's jump right into the first question we want to cover.

1:11.0

This might sound surprising to some folks, but Jack actually got his inspiration for Twitter by studying the way taxi drivers communicated.

1:21.0

When he was asked about this idea, this is how he responded.

1:25.0

Yeah, I really missed the boat on creating Uber, but I was huge into dispatch.

1:32.0

I'm from St. Louis, Missouri, and in the 40s, 50s and 60s, a lot of people left the city and moved out to the suburbs.

1:38.0

My parents always stood by the city.

1:40.0

For me, it developed this obsession and fascination with cities as well.

1:44.0

The way that really manifested for me were maps.

1:48.0

I was just obsessed with maps and I would get lost in them constantly just wondering what was happening down this street and whatnot.

1:57.0

I had tons of maps of St. Louis and tons of maps of my other favorite city that I had never been to, which is New York City.

2:04.0

My parents also had a police scanner, always in a CB radio.

2:10.0

I would always listen to the trucks and the police and the fire trucks and the ambulances.

2:18.0

Eventually, my parents got an IBM PC Junior and a Macintosh.

2:25.0

I would actually take the information from the police scanner and plot it out on my paper maps.

2:31.0

I would watch the police cars move because they're always reporting where they are and where they're going, what they're doing.

...

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