Big Brain Business
@BigBrainBizness • 16,484 subscribers
Learn to not suck at business | Elon Musk* endorses this account ( *elonmusk is my dog's name )
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Jeff Bezos' reaction to David Blaine chewing glass is how we always imagined billionaires laugh:
Big Brain Business1,803,502 görüntüleme • 23 gün önce
A young Sam Altman pitching Loopt, the $175M startup he sold for $43M before going on to lead YC and OpenAI:
Big Brain Business759,208 görüntüleme • 17 gün önce
Ken Griffin, Founder and CEO of Citadel, on why a $2.50 Coke at McDonald's tells you everything about the U.S. economy: For Griffin, the price of a single fast-food drink captures the story of the past six years. "$2.50 for a Coke. And before the Biden administration, it was $0.99." That jump is a window into something much bigger: "The United States has endured prolonged and persistent inflation now for 6 years." Griffin explains that these everyday price shocks carry a psychological weight far heavier than the numbers themselves: "The rise of gasoline prices at the gas station, it's like a triggering event. It just brings back to all of us the fact that the purchasing power of the dollar has declined so precipitously for 6 years now." The Coke is just one example. Eggs are another. Griffin points to New York City prices in the range of "7, 8, 9 dollars for a dozen eggs", and notes that even though they've come down somewhat, they remain painfully elevated. Each of these small, daily encounters with higher prices adds up to something larger. A creeping anxiety about the future: "I think everybody in our country, when we see a price shock in any of our day-to-day commodities, gasoline for example, it's just deeply triggering. And I think that there's just a general apprehension of how much more purchasing power are we going to lose because of the economic policies that we're pursuing in Washington." His message to policymakers is direct: "It's very important that this administration and that the legislature continues to stay focused on how do we strengthen the purchasing power of the dollar? How do we make sure that Americans' paychecks go further?" The takeaway: a $2.50 Coke isn't really about a Coke. It's about what the dollar in your pocket can no longer buy at the drive-thru, the gas pump, and the grocery aisle. Until purchasing power is restored, that frustration will keep growing into something much harder to ignore.
Big Brain Business852,446 görüntüleme • 19 gün önce
Jerry Seinfeld on why chasing your "passion" is embarrassing, and what to do instead: Seinfeld pushes back against the popular advice to find your one great passion in life. In his view, it's not just unnecessary, it's a little ridiculous. "Let go of this idea that you have to find this one great thing that is my passion. My great passion with your shirt torn open and your heaving pec muscles. It's embarrassing." Instead of chasing something dramatic, he offers a quieter alternative: "Find fascination. Fascination is way better than passion. It's not so sweaty." He explains why the heavy-breathing version of passion is actually counterproductive: "Just be willing to do your work as hard as you can with the ability you have. We don't need the heavy breathing and the outstretched arm from your passion. It makes co-workers uncomfortable in the cubicle next to you." Then Seinfeld offers what he calls his three real keys to life, no jokes: "Number one, bust your ass. Number two, pay attention. Number three, fall in love." Jerry Seinfeld elaborates on the first one: "You obviously already know whatever you're doing, I don't care if it's your job, your hobby, a relationship, getting a reservation at M Sushi, make an effort. Just pure stupid… effort." And here's the part worth sitting with: "Effort always yields a positive value even if the outcome of the effort is absolute failure of the desired result. This is a rule of life. Just swing the bat and pray is not a bad approach to a lot of things."
Big Brain Business1,154,646 görüntüleme • 1 ay önce
Elon Musk shares his favorite economist joke and it's a brutal takedown of how we measure the economy:
Big Brain Business500,903 görüntüleme • 28 gün önce
This founder pitched a fingerprint lock on Shark Tank and turned it into a $5M-a-year business.
Big Brain Business59,715 görüntüleme • 4 gün önce
Brené Brown, researcher and author, on the contradiction she keeps hearing in rooms full of tech billionaires: Her work puts her in rooms where the founders and CEOs of major tech platforms talk openly about how they think. What Brené Brown hears there unsettles her: "So I hear someone say, 'Hey, you know, tech billionaire, what should my kids study? I'm worried for my kids… they should study coding, physics,' and then five minutes later, as if that answer didn't happen, someone will say, 'What do you attribute your success to?' I mean deeply when you think about it, and the same person will say, 'My deep reading of philosophy and the stoics.'" The contradiction is what stops her: the same people crediting philosophy and the liberal arts for their own success are telling other parents their kids should focus on coding and physics. That gap leads her to a bigger, more uncomfortable question: "I start to extrapolate from there and wonder if there is a thinking class that's emerging where they're like, 'We're going to read philosophy and we're going to read the liberal arts and we're going to study history, and the rest of you just keep scrolling. Don't worry about the big words. We'll handle all the big words for you.'" She points to Steve Jobs as an early signal of the same pattern: "It's like when they asked Steve Jobs, 'Boy, your kids must love the iPad.' Steve Jobs said, 'My kids don't have an iPad.' And then his biographer who spent time with his family said he wasn't kidding. There's no technology. At dinner, they're talking about art and history." The takeaway is simple but uncomfortable. The people building these platforms are protecting their own kids from them, and giving them books, ideas, and real conversation instead. So why are the rest of us being sold something different?
Big Brain Business246,022 görüntüleme • 14 gün önce
Michael Bloomberg, founder of Bloomberg LP, on why showing up early and staying late beats being the smartest person in the room: "I'm not smarter than anybody else, but I can outwork you." Bloomberg shares his key to success: "Make sure you're the first one in there every day and the last one to leave. Don't ever take a lunch break or go to the bathroom. You keep working. You never know when that opportunity is going to come along." He explains how this approach shaped his early career at Salomon Brothers. The managing partner of the company, Bill Salomon, was the second person to arrive each morning. Mike Bloomberg was the only other one in the big trading room. "If he had needed to borrow a match… if he wanted to ask something about a newspaper or a stock, he came over and so we became buddies." The same thing happened at the end of the day. The number two guy, John Gutfreund, was the last one to leave except for Bloomberg. They'd share a cab or take the subway uptown together. "You can't control that you're the smartest guy. There'll always be somebody smarter. But if you're there, then you absorb things. You put things together in ways that if you didn't have all that experience…" He compares it to skiing: "Reading a book on skiing doesn't teach you how to ski. You got to go and you got to ski and get lots of miles under your skis. And incidentally, if you don't fall, you're not skiing hard enough and you're not learning anything." Bloomberg also touches on resilience when things don't go your way: "You got to be smart enough to say, 'Hey, I tried it. Don't let your ego get in the way. I can't keep doing this. I've got to earn a living, but a year from now, I'm going to come up with a better idea and then I'll go back and do it again.'" He closes with a mindset that defined his career: "There's never been a day that I haven't looked forward to going into work. Even the days I knew I was going to get beaten up. Even the day I knew I was going to get fired. I'd never been fired before. I wonder what it's like. Okay, let's go find out."
Big Brain Business478,910 görüntüleme • 1 ay önce
Byron Allen, Founder of Allen Media Group, explains how treating business like a contact sport unlocks unlimited capital: Byron once borrowed $310 million on a Friday to acquire the Weather Channel. He paid it back in five months. When the lender hit him with a $28 million prepayment penalty for closing too quickly, he paid that too. His philosophy on why capital is never the real obstacle: "Business is a contact sport. You're nothing more than economic athletes. They will see your passion. They will see your stats. And they will always want you on their team because you make them money." The framing shift here is everything. Byron sees founders as athletes whose performance is being evaluated by people who need them to win. "You have unlimited amounts of capital available to you if your hustle is at the highest level." Byron Allen drives the point home: "Keep your hustle at the highest level because capital is always looking for you to get the money back and a return. There's trillions and trillions and trillions of dollars of capital looking for you. Go get it." The takeaway: Capital is hunting for operators who can put up the stats. Hustle at the highest level, and the money will find you.
Big Brain Business494,647 görüntüleme • 1 ay önce
Tim Cook on the final piece of advice Steve Jobs gave him before handing over Apple: Cook recalls being called to Jobs' house, where Jobs told him he wanted him to be the next CEO. Cook pushed back at first. "He called me over to his house. He told me he wanted me to be the CEO. And I debated with him a little bit. Are you sure you don't want to be CEO anymore?" But Jobs had made up his mind. And he gave Cook one piece of advice that would shape how he led Apple: "His advice to me was never ask what I would do. Just do the right thing." Jobs had a specific reason for saying this. Cook explains: "He told me the story behind this. He was very close to Disney as you know his history. He had watched Disney go through this paralysis of sitting around and talking about what Walt would do. And he did not want that for Apple." Jobs had thought deeply about the handover. He wanted something Apple had never experienced before: "He wanted a professional transition at CEO because Apple had never had one before. And he had thought about it, as you would guess, at a very deep level." Tim Cook closes with how he views the role he inherited: "I see it as a privilege. Overall, it is a privilege."
Big Brain Business346,688 görüntüleme • 1 ay önce
Ken Griffin, founder of Citadel, has a $10 plaque behind his desk that reads: "If we're all going to eat, someone has to sell." Of all the things this man could surround himself with, he chose a cheap plaque with a blunt truth about business. "You're always selling. You're selling to candidates. You're selling to vendors, you're selling to counterparties, you're selling to customers." And if you're always selling, you know what you're going to hear a lot of? "No." Griffin doesn't sugarcoat it. He tells two stories that illustrate just how brutal rejection can be. 1994 was a rough year, with Citadel losing ~4% of its capital. Griffin flew to Switzerland for a crucial lunch meeting, sat down, and his guest arrived only to say: "Oh, I thought you were John Griffin from Fen Church. I got to go." His lunch date got up and left the table. Later that afternoon, a Swiss banker spent 45 minutes with him in a beautiful office, smoking a cigar, before closing with: "Such a pity that such a bright young man picked the wrong career." Two rejections in one day for the founder of one of the most successful hedge funds in history — and his takeaway was simply this: "You just have to tolerate. You're going to hear no a lot, but you need to become accustomed to having to market your ideas and market what you represent and what you stand for." Absorbing rejection and continuing anyway is the actual skill, whether you're hiring, raising capital, or winning customers. Most people avoid selling because they're afraid of no. The ones who build great things have learned to expect it.
Big Brain Business1,042,261 görüntüleme • 2 ay önce
John Ternus, Apple's SVP of Hardware Engineering, explains why Apple deliberately made the iPhone harder to repair, and why the math says it was worth it: In a conversation with MKBHD, John frames the design challenge by asking you to imagine two extremes: "Sometimes for me I find it helpful to kind of think about the book ends. Like if you imagine a product that never fails, right? That just doesn't fail. And on the other end, a product that maybe isn't very reliable but is super easy to repair." His position is clear: "Product that never fails is obviously better for the customer. It's better for the environment." When pushed on whether infinite repairability and infinite durability have to be mutually exclusive, John acknowledges they aren't always, but explains why the tension is real, using the iPhone battery as an example. Batteries wear out. If you want to extend the life of the product, they need to be replaced. But in the early days of iPhone, one of the most common failures wasn't the battery, it was water: "Where you drop it in the pool or you, you know, spill your drink on it and the unit fails. And so, we've been making strides over all those years to get better and better and better in terms of minimizing those failures." That work led Apple to an IP68 rating, the point where customers fish their phones out of lakes after two weeks and find them still working. But there was a cost to achieving that level of durability: "To get the product there, you've got to design a lot of seals, adhesives, other things to make it perform that way, which makes it a little harder to do that battery repair." That's the deliberate tradeoff. Apple chose tighter seals and stronger adhesives, knowing it would make battery replacement more difficult, because the reliability gains were worth it. John argues the math backs this decision: "It's objectively better for the customer to have that reliability and it's ultimately better for the planet because the failure rates since we got to that point have just dropped. It's plummeted, right? The number of repairs that need to happen and every time you're doing a repair, you're bringing in new materials to replace whatever broke." His conclusion reframes the entire repairability debate: "You can actually do the math and figure out there's a threshold at which if I can make it this durable, then it's better to have it a little bit harder to repair because it's going to net out."
Big Brain Business384,726 görüntüleme • 1 ay önce
Bernard Arnault, CEO of LVMH, on the time Steve Jobs came to him for advice before launching Apple Stores: He recalls that Jobs personally reached out when planning Apple's retail strategy. "I happened to know Steve Jobs and when he started the shops, he came to us to ask advice." Jobs had a specific vision in mind. He wanted Apple stores positioned near Louis Vuitton boutiques, treating technology with the same retail philosophy as luxury goods. Arnault continues: "You can see many of his shops are not far from Louis Vuitton because he told me 'I would like advice and I would like to see if we can put Apple shops in the same area.'" The reaction from the industry was brutal. Even Michael Dell, one of the most powerful voices in tech at the time, publicly dismissed the idea. "Everybody thought it's completely crazy to sell Apple products in a shop because at that time he was selling the Apple products only through wholesaler like for instance Dell. And I remember at the time Michael Dell saying it's completely crazy, it will never work." But Jobs ignored the critics. For Arnault, this is the perfect illustration of a principle he deeply believes in: "That's an example of contrarian thinking, you know, that that is working." The lesson? When everyone in your industry agrees something "will never work," that's often exactly where the biggest opportunity lies.
Big Brain Business294,838 görüntüleme • 1 ay önce
Former Google CEO Eric Schmidt explains how a simple pen-and-paper habit on weekends helped him take charge of every week: The habit came from his late coach, Bill Campbell, the legendary executive coach featured in the book Trillion Dollar Coach. "He really saved me from you know utter destitution and helped me become a proper CEO," Schmidt explains. The rule is deceptively simple: Work as hard as you can during the week, then deliberately carve out quiet thinking time on the weekend. Schmidt describes it like this: "You work really hard during the week as hard as you can you know 12 hours 14 hour days whatever and on the weekends when you're at home or with your family or whatever carve out a few hours to think... and write down your assessment of what you did last week and then what you need to do next week to address the things you forgot to do last week." The mechanism that makes it work is the writing itself. Putting pen to paper turns passive reflection into an active audit of the week behind you and a deliberate plan for the week ahead. Eric Schmidt acknowledges how basic it sounds, but insists that's the point: "I know that that sounds kind of obvious, but it's a good trick cuz it forces you to take charge of your next week." He gives concrete examples of what surfaces during these sessions: "Like, oh, I forgot that I have a sales problem over there, or I forgot I was supposed to call this person. Oh, I didn't have this proposal and I had this idea, but I didn't get to it." Leadership isn't sustained by working harder inside the week. A few quiet hours and an honest review of what you missed are often what separates reactive operators from CEOs in command of their priorities.
Big Brain Business100,232 görüntüleme • 12 gün önce
A random YouTuber casually questioned SpaceX's design logic, and Elon Musk rewrote it on the spot:
Big Brain Business449,452 görüntüleme • 1 ay önce