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Auren Hoffman made $60M at 40 then immediately started working 70-hour weeks again by choice He came on Moneywise and we talked about his unusual approach with wealth and angel investing. His money breakdown: -$60M from LiveRamp exit at age 40 -Current net worth: likely $100M+ -monthly spend is...

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Sam Parr

364,600 subscribers

93,678 Aufrufe • vor 1 Jahr •via X (Twitter)

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Profilbild von MrLogistics
MrLogisticsvor 2 Jahren

I helped Ecom businesses save $50M+ in shipping fees in last 24 months. Here's how I saved @LuxuryWatchGuy1 $200,000 in just 4 hours:

Profilbild von Chris Hoffmann
Chris Hoffmannvor 1 Jahr

If he spelled his last name right, he’d have made a lot more 😉

Profilbild von Auren Hoffman
Auren Hoffmanvor 1 Jahr

so fun!

Profilbild von that guy
that guyvor 1 Jahr

Sam is back ✊

Profilbild von Brendan O'Neil
Brendan O'Neilvor 1 Jahr

adding video to Moneywise has been a huge upgrade btw, looking forward to this ep

Profilbild von Compound248 💰
Compound248 💰vor 1 Jahr

He’s a good follow too. @auren Tracking LiveRamp through the ups and downs of data privacy shifts has been fascinating, though $RAMP equity has been dead money for basically a decade. I wonder if Auren thinks $RAMP is a fundamentally good business that can earn attractive returns for shareholders or if it’s somewhat stuck between goliaths and will continue to struggle to earn a return on capital.

Profilbild von Dan Pantelo
Dan Pantelovor 1 Jahr

That DENIM tho

Profilbild von andrei saioc
andrei saiocvor 1 Jahr

Why work 70 hour weeks ? I mean I love working 12-15 hrs a day and that’s how my most days are but I have t had a 60M exit yet.

Profilbild von Campbell Brown™
Campbell Brown™vor 1 Jahr

Nice one @auren - will definitely listen to this one.

Profilbild von pyewaw
pyewawvor 1 Jahr

Should MFM be appearing in a Money Wise pod or a was it deliberate a move? 🤔.Still, keep the content coming, we love it!

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Alex Hormozi is worth over $100 million. ten years ago he was sleeping on the floor of his own gym, eating canned tuna, and showering at the YMCA he had a Vanderbilt degree and a safe consulting job. he quit it, drove across the country, and opened a gym -> then nearly went bankrupt. by 26 he was back at zero then it clicked: he wasn't in the gym business. he was in the business of fixing gyms. so he sold all six of his and started licensing his system to other owners that company, Gym Launch, made $17 million in profit in its first year -> with $0 spent on ads. he scaled it to 4,500 gyms across 13 countries, then sold it for $46.2 million the day that deal closed, he started Acquisition..com -> today a portfolio doing over $200 million a year the strange part: he gives the entire playbook away for free. no course, no paywall. his bet is that attention is worth more than the secret his whole story, in one interview, bookmark this ↓
25:19

Alex Hormozi is worth over $100 million. ten years ago he was sleeping on the floor of his own gym, eating canned tuna, and showering at the YMCA he had a Vanderbilt degree and a safe consulting job. he quit it, drove across the country, and opened a gym -> then nearly went bankrupt. by 26 he was back at zero then it clicked: he wasn't in the gym business. he was in the business of fixing gyms. so he sold all six of his and started licensing his system to other owners that company, Gym Launch, made $17 million in profit in its first year -> with $0 spent on ads. he scaled it to 4,500 gyms across 13 countries, then sold it for $46.2 million the day that deal closed, he started Acquisition..com -> today a portfolio doing over $200 million a year the strange part: he gives the entire playbook away for free. no course, no paywall. his bet is that attention is worth more than the secret his whole story, in one interview, bookmark this ↓

Ridark

10,215 Aufrufe • vor 2 Monaten

It was last year in April while we were working for the relief & rehabilitation at #Khargone & #Sendhwa that I received this unexpected call. It was Asaduddin Owaisi sb who called to enquire about the situation there. Over almost a months time, we talked on many occasions. I briefed him about the relief works we were doing there & he shared the works by AIMIM team. His team worked with many survivors of violence & communal demolition at Khargone & Sendhwa. In the #Haldwani demolition that was later stayed by the court, we also talked about the legal approach and other mitigations. In past 10 days, while working with the #Nuh relief works, he has called me many a times and not just a call, his team is working with some relief works. Every time I talk to him, I feel the same pain in his voice as if he is there with the survivors and seen things through his eyes. It is beyond any doubt that he is one of the finest & bravest political leader of our times. One may criticise him or disagree with him but it is impossible to be like Asaduddin Owaisi sb.
2:20

It was last year in April while we were working for the relief & rehabilitation at #Khargone & #Sendhwa that I received this unexpected call. It was Asaduddin Owaisi sb who called to enquire about the situation there. Over almost a months time, we talked on many occasions. I briefed him about the relief works we were doing there & he shared the works by AIMIM team. His team worked with many survivors of violence & communal demolition at Khargone & Sendhwa. In the #Haldwani demolition that was later stayed by the court, we also talked about the legal approach and other mitigations. In past 10 days, while working with the #Nuh relief works, he has called me many a times and not just a call, his team is working with some relief works. Every time I talk to him, I feel the same pain in his voice as if he is there with the survivors and seen things through his eyes. It is beyond any doubt that he is one of the finest & bravest political leader of our times. One may criticise him or disagree with him but it is impossible to be like Asaduddin Owaisi sb.

Aasif Mujtaba

229,950 Aufrufe • vor 3 Jahren

The co-founder of Loom sold his biz for ~$1B, made $50-70M personally, then walked away from an extra $60M He has “no income right now” and is “looking for internships”... Vinay Hiremath has a wild post-exit story. we talked about it on Moneywise: -Turned down $60M in retention bonuses that would've vested over 4 years -Said "the trees spoke to me" during a redwoods hike when deciding whether to stay. He wasn’t joking. -He had a post go viral about his identity crisis after selling (1.5m views) So I asked about his money situation now: -Monthly spend: $25K (with $12K on NYC rent) -Net worth allocation: 50% cash, 30% equities, 20% bonds/other -Most expensive post-exit purchase: iPad Now he’s studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds who think he's their peer… looking to intern as a mechanical engineer (can you imagine the founder of a billion-dollar company being your intern?) On the pod he explains why he’s betting his future on physical products instead of software and investing… The full episode is live now. Check it out.
1:39

The co-founder of Loom sold his biz for ~$1B, made $50-70M personally, then walked away from an extra $60M He has “no income right now” and is “looking for internships”... Vinay Hiremath has a wild post-exit story. we talked about it on Moneywise: -Turned down $60M in retention bonuses that would've vested over 4 years -Said "the trees spoke to me" during a redwoods hike when deciding whether to stay. He wasn’t joking. -He had a post go viral about his identity crisis after selling (1.5m views) So I asked about his money situation now: -Monthly spend: $25K (with $12K on NYC rent) -Net worth allocation: 50% cash, 30% equities, 20% bonds/other -Most expensive post-exit purchase: iPad Now he’s studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds who think he's their peer… looking to intern as a mechanical engineer (can you imagine the founder of a billion-dollar company being your intern?) On the pod he explains why he’s betting his future on physical products instead of software and investing… The full episode is live now. Check it out.

Sam Parr

1,984,990 Aufrufe • vor 1 Jahr

Wolff: Now Epstein’s explanation for why this friendship ended is as follows. In 2004, Epstein believed himself to be the high bidder on a piece of real estate in Palm Beach—a house. His bid was $36 million. He took his friend Trump around to see the house, to advise him on how to move the swimming pool. Trump thereupon went around Epstein’s back and bid $40 million for the house—and got the property. Epstein, who was well acquainted and in fact deeply involved with Trump’s scattered finances, understood that he didn’t have $40 million to pay for this house. Now, if that was the case, it was someone else’s $40 million. At the time, Epstein believed this to be the $40 million of a Russian oligarch by the name of Rybolovlev. Less than two years later, this same house that Trump had bought for $40 million was sold for $95 million—and it was in fact sold to Mr. Rybolovlev. This is all a red flag of money laundering. And what Epstein did—and he was furious about losing this house—I mean, there’s something about these guys, these men, that nothing rouses them so much as a real estate betrayal. Epstein, after this—the sale of this house, after Trump went around his back, got this house—Epstein began to threaten with lawsuits, with going to the press and saying that Trump was a frontman for a money laundering deal. Trump panics at this point, and Epstein believed—that it was Trump who went to the police and, as Epstein said, dropped the dime on him. That is to say, informed the police of what was going on. And an investigation began, and all of Epstein’s legal problems for the next 15 years began to unfold. This story about this piece of real estate and their falling out was first published in June 2019. It’s published actually in my book Siege, the second book I had written about the Trump White House. Epstein had recounted this story to me. I put it in this book. Epstein, at that moment, was in Paris. He read the book. He called me with some alarm, and he said he was afraid that he might have said too much. Three weeks later, he returned to the United States from Paris and was promptly arrested on the tarmac of Teterboro Airport in New Jersey when his plane landed.
4:12

Wolff: Now Epstein’s explanation for why this friendship ended is as follows. In 2004, Epstein believed himself to be the high bidder on a piece of real estate in Palm Beach—a house. His bid was $36 million. He took his friend Trump around to see the house, to advise him on how to move the swimming pool. Trump thereupon went around Epstein’s back and bid $40 million for the house—and got the property. Epstein, who was well acquainted and in fact deeply involved with Trump’s scattered finances, understood that he didn’t have $40 million to pay for this house. Now, if that was the case, it was someone else’s $40 million. At the time, Epstein believed this to be the $40 million of a Russian oligarch by the name of Rybolovlev. Less than two years later, this same house that Trump had bought for $40 million was sold for $95 million—and it was in fact sold to Mr. Rybolovlev. This is all a red flag of money laundering. And what Epstein did—and he was furious about losing this house—I mean, there’s something about these guys, these men, that nothing rouses them so much as a real estate betrayal. Epstein, after this—the sale of this house, after Trump went around his back, got this house—Epstein began to threaten with lawsuits, with going to the press and saying that Trump was a frontman for a money laundering deal. Trump panics at this point, and Epstein believed—that it was Trump who went to the police and, as Epstein said, dropped the dime on him. That is to say, informed the police of what was going on. And an investigation began, and all of Epstein’s legal problems for the next 15 years began to unfold. This story about this piece of real estate and their falling out was first published in June 2019. It’s published actually in my book Siege, the second book I had written about the Trump White House. Epstein had recounted this story to me. I put it in this book. Epstein, at that moment, was in Paris. He read the book. He called me with some alarm, and he said he was afraid that he might have said too much. Three weeks later, he returned to the United States from Paris and was promptly arrested on the tarmac of Teterboro Airport in New Jersey when his plane landed.

Acyn

1,617,946 Aufrufe • vor 1 Jahr

🚨🇺🇸 Wolf: "As for Epstein's explanation for why this friendship ended, it goes like this. In 2004, Epstein believed he was the highest bidder for a property in Palm Beach—a mansion. His bid was $36 million. He took his friend Trump on a tour of the house, advising him on how to move the swimming pool. Trump then went around Epstein and bid $40 million for the house—and got the property. Epstein, who was well aware of Trump's scattered finances and was deeply involved in them, realized that Trump didn't have $40 million to pay for the house. If that was the case, then the $40 million belonged to someone else. At the time, Epstein believed it was $40 million belonging to a Russian oligarch named Rybolovlev. Less than two years later, the same house Trump bought for $40 million was sold for $95 million—to Rybolovlev. All of this is a serious indication of money laundering. And what Epstein did—he was furious about losing this house—I mean, there's something about these men; nothing gets them going like betrayal in real estate. After the house was sold, and after Trump went around him and got the property, Epstein began threatening lawsuits and going to the press, saying Trump was a front for a money-laundering deal. Trump panicked at that point, and Epstein believed Trump was the one who went to the police and, as Epstein put it, reported him. In other words, he told police what was going on. The investigation began, and all of Epstein's legal problems over the next 15 years started to unfold. The story about this property and their falling-out was first published in June 2019. It is also in my book, 'Siege,' the second book I wrote about the Trump White House. Epstein told me this story, and I wrote it down in the book. He was in Paris at the time, read the book, then called me somewhat alarmed, saying he feared he had revealed too much. Three weeks later, he returned to the US from Paris and was immediately arrested on the tarmac at Teterboro Airport in New Jersey when his plane landed."
4:12

🚨🇺🇸 Wolf: "As for Epstein's explanation for why this friendship ended, it goes like this. In 2004, Epstein believed he was the highest bidder for a property in Palm Beach—a mansion. His bid was $36 million. He took his friend Trump on a tour of the house, advising him on how to move the swimming pool. Trump then went around Epstein and bid $40 million for the house—and got the property. Epstein, who was well aware of Trump's scattered finances and was deeply involved in them, realized that Trump didn't have $40 million to pay for the house. If that was the case, then the $40 million belonged to someone else. At the time, Epstein believed it was $40 million belonging to a Russian oligarch named Rybolovlev. Less than two years later, the same house Trump bought for $40 million was sold for $95 million—to Rybolovlev. All of this is a serious indication of money laundering. And what Epstein did—he was furious about losing this house—I mean, there's something about these men; nothing gets them going like betrayal in real estate. After the house was sold, and after Trump went around him and got the property, Epstein began threatening lawsuits and going to the press, saying Trump was a front for a money-laundering deal. Trump panicked at that point, and Epstein believed Trump was the one who went to the police and, as Epstein put it, reported him. In other words, he told police what was going on. The investigation began, and all of Epstein's legal problems over the next 15 years started to unfold. The story about this property and their falling-out was first published in June 2019. It is also in my book, 'Siege,' the second book I wrote about the Trump White House. Epstein told me this story, and I wrote it down in the book. He was in Paris at the time, read the book, then called me somewhat alarmed, saying he feared he had revealed too much. Three weeks later, he returned to the US from Paris and was immediately arrested on the tarmac at Teterboro Airport in New Jersey when his plane landed."

GBC

106,077 Aufrufe • vor 6 Tagen

Quentin Tarantino is such a good storyteller, that his own story of the day he decided to make film is gold. In his early-20s, he worked at a video store. His dream was to be a director but this job was “dream-adjacent”, which put his “real ambition to sleep”. It all changed when an older guy in his friend group — about 5 years older — turned 30 and suddenly became quite bitter about how he hadn’t achieved much in his 20s. Quentin and his friend would hang out and talk film but didn’t actually make anything. When Quentn turned 25, he realized he didn’t want to be like his friend at 30. So, he spent one night fully assessing the state of his life and decided he had to make a change. “I got to not worry about [this video store] job anymore,” he thought. “I just got to move to Hollywood and get involved and meet other people that are in the business.” He did and soon started getting writing gigs. At 27, he sold the script for “True Romance” for $50k. At 29, he directed “Resevoir Dogs”. And on the day he turned 32, Quentin won a Best Original Screenplay Oscar for “Pulp Fiction”.
9:27

Quentin Tarantino is such a good storyteller, that his own story of the day he decided to make film is gold. In his early-20s, he worked at a video store. His dream was to be a director but this job was “dream-adjacent”, which put his “real ambition to sleep”. It all changed when an older guy in his friend group — about 5 years older — turned 30 and suddenly became quite bitter about how he hadn’t achieved much in his 20s. Quentin and his friend would hang out and talk film but didn’t actually make anything. When Quentn turned 25, he realized he didn’t want to be like his friend at 30. So, he spent one night fully assessing the state of his life and decided he had to make a change. “I got to not worry about [this video store] job anymore,” he thought. “I just got to move to Hollywood and get involved and meet other people that are in the business.” He did and soon started getting writing gigs. At 27, he sold the script for “True Romance” for $50k. At 29, he directed “Resevoir Dogs”. And on the day he turned 32, Quentin won a Best Original Screenplay Oscar for “Pulp Fiction”.

Trung Phan

270,344 Aufrufe • vor 1 Jahr

For a guy who talks so much about making money, many want to know how much Alex Hormozi is worth. So, we had him on Moneywise and asked. Some of the numbers (but not all of them - gotta listen for that): -Sold his gyms for only $80k at age 26 -Went from $0 to $3 million profit in 6 months at age 27 -Gym Launch year 2: $25.9M revenue, $15.9M profit -took $42M in distributions before selling the company -Spends ~$100K monthly but could live on $5K -Lost a $20 million house by negotiating too hard Full episode is live, check it out
0:34

For a guy who talks so much about making money, many want to know how much Alex Hormozi is worth. So, we had him on Moneywise and asked. Some of the numbers (but not all of them - gotta listen for that): -Sold his gyms for only $80k at age 26 -Went from $0 to $3 million profit in 6 months at age 27 -Gym Launch year 2: $25.9M revenue, $15.9M profit -took $42M in distributions before selling the company -Spends ~$100K monthly but could live on $5K -Lost a $20 million house by negotiating too hard Full episode is live, check it out

Sam Parr

426,927 Aufrufe • vor 1 Jahr

HAHAHAHAHA! Kendall George tagged up on THAT flyball, and was safe BY A MILE! I literally think he outran the ball while it was in flight. Then he scored on a medium flyball by Nevin to center, and made it look TOO easy. Talk about get on, get over, get in, he's a ONE MAN show doing that. And, oh, by the way, George had two hits, AGAIN, both of them to the opposite field, AGAIN, he raised his average to .323, and his on-base percentage is .412. He's also scored 35 runs in 33 games. Talk about building your game around your "carrying tool", well, how about THIS! Kendall has a 52.1% oppo%, and then, to combine with that, his ground ball rate is 69.2%. Ground balls to the left side and run like the wind works when you have HIS speed. #dodgers #dodgersprospects #kendallgeorge
1:25

HAHAHAHAHA! Kendall George tagged up on THAT flyball, and was safe BY A MILE! I literally think he outran the ball while it was in flight. Then he scored on a medium flyball by Nevin to center, and made it look TOO easy. Talk about get on, get over, get in, he's a ONE MAN show doing that. And, oh, by the way, George had two hits, AGAIN, both of them to the opposite field, AGAIN, he raised his average to .323, and his on-base percentage is .412. He's also scored 35 runs in 33 games. Talk about building your game around your "carrying tool", well, how about THIS! Kendall has a 52.1% oppo%, and then, to combine with that, his ground ball rate is 69.2%. Ground balls to the left side and run like the wind works when you have HIS speed. #dodgers #dodgersprospects #kendallgeorge

Dodgers Daily

15,904 Aufrufe • vor 4 Monaten

Two days ago I stumbled upon this guy’s video. At first, it was very alarming, as he was claiming that he is a food delivery driver while spitting in the food and drinks of Trump supporters. After looking at his page, I came to the conclusion that he is desperate for clicks and views. He just started his page, and in his other videos he mocked both leftists and conservatives. I’m uploading both of his videos, including the second one where he says he got “fired” from his food delivery job. I didn’t post about him before because he is a troll and a TikTok clown, but I see a lot of people are sharing his video as if it were true.
1:06

Two days ago I stumbled upon this guy’s video. At first, it was very alarming, as he was claiming that he is a food delivery driver while spitting in the food and drinks of Trump supporters. After looking at his page, I came to the conclusion that he is desperate for clicks and views. He just started his page, and in his other videos he mocked both leftists and conservatives. I’m uploading both of his videos, including the second one where he says he got “fired” from his food delivery job. I didn’t post about him before because he is a troll and a TikTok clown, but I see a lot of people are sharing his video as if it were true.

I Meme Therefore I Am 🇺🇸

43,358 Aufrufe • vor 5 Monaten

The fan that leaked his messages with Tyler Herro speaks out about the back and forth messages that ultimately led to Tyler getting punched by Bam 😳 “I came up on his burner and I commented ‘retire hoe.’ He hopped in my DMs making fun of me. We went back and forth for months every time he had a bad game I’d tell him he’s terrible and Miami will be better when he’s gone. Anytime he had a good game, he’d hop in my DMs talking about how nice he was. That he needs the team to be built around him. The particular game about Bam he had a terrible game and I was telling how bad he was, then he said everybody is worried about me but the guy making $60M then starts to go in on Bam… There was one time he had a 30 point game but we lost, and he was on a flight to Philly, and he hit me with a bunch of ‘……’” (Via The Dan Le Batard Show)
2:42

The fan that leaked his messages with Tyler Herro speaks out about the back and forth messages that ultimately led to Tyler getting punched by Bam 😳 “I came up on his burner and I commented ‘retire hoe.’ He hopped in my DMs making fun of me. We went back and forth for months every time he had a bad game I’d tell him he’s terrible and Miami will be better when he’s gone. Anytime he had a good game, he’d hop in my DMs talking about how nice he was. That he needs the team to be built around him. The particular game about Bam he had a terrible game and I was telling how bad he was, then he said everybody is worried about me but the guy making $60M then starts to go in on Bam… There was one time he had a 30 point game but we lost, and he was on a flight to Philly, and he hit me with a bunch of ‘……’” (Via The Dan Le Batard Show)

Heat Central

1,163,959 Aufrufe • vor 2 Monaten

A 15-YEAR-OLD HIGH SCHOOL STUDENT FOUND A WAY TO SPOT NEW COMPANIES BEFORE MAJOR INVESTORS DID The interviewer walked into the house as Eric finished a business call and asked the person to call back in 30 minutes. Eric was 15. During lockdown, Eric Zhu joined Discord servers where high school students discussed startups and venture deals. He was the only middle school student in those chats. Eric joined a young company as one of its first employees. He then launched his own startup, sold it, and began building Aviato. Investors searched databases for new companies. A startup usually appeared only after its first funding rounds and visible growth. By then, dozens of other funds had seen it. Eric started hunting for signals that appeared before a company entered a database. The Aviato team gathered early signals about new projects and organized them into a search engine for investors. A fund could discover a company before its name started showing up in every venture database. Eric used the same approach as cofounder of his own fund. His team invested at an early stage and took equity. If a larger company acquired the startup or it went public, the fund made money on its stake. At 15, Eric was the cofounder of a fund with roughly $20 million. He also raised more than $1 million for Aviato. To stay near his customers, Eric moved to San Francisco and rented a house with office space for $8,000 a month. He hated the city. The funds had millions for deals. Eric sold them something scarcer: time before everyone else found the same company.
3:04

A 15-YEAR-OLD HIGH SCHOOL STUDENT FOUND A WAY TO SPOT NEW COMPANIES BEFORE MAJOR INVESTORS DID The interviewer walked into the house as Eric finished a business call and asked the person to call back in 30 minutes. Eric was 15. During lockdown, Eric Zhu joined Discord servers where high school students discussed startups and venture deals. He was the only middle school student in those chats. Eric joined a young company as one of its first employees. He then launched his own startup, sold it, and began building Aviato. Investors searched databases for new companies. A startup usually appeared only after its first funding rounds and visible growth. By then, dozens of other funds had seen it. Eric started hunting for signals that appeared before a company entered a database. The Aviato team gathered early signals about new projects and organized them into a search engine for investors. A fund could discover a company before its name started showing up in every venture database. Eric used the same approach as cofounder of his own fund. His team invested at an early stage and took equity. If a larger company acquired the startup or it went public, the fund made money on its stake. At 15, Eric was the cofounder of a fund with roughly $20 million. He also raised more than $1 million for Aviato. To stay near his customers, Eric moved to San Francisco and rented a house with office space for $8,000 a month. He hated the city. The funds had millions for deals. Eric sold them something scarcer: time before everyone else found the same company.

Blaze

14,265 Aufrufe • vor 1 Monat

Jaylen Brown says meeting 21-year-old founders making $2–3 million in revenue changed how he views money and business “When I was at Cal, I met this dude Eric Moore. He had his own venture capital firm.” “I just kept hitting him up until he let me intern at his VC firm.” “He started teaching me about money, how rich people make money, and how they stay rich.” “At 18 or 19, I got to see companies being run successfully.” “Some of the founders were 21 or 22, had dropped out of college, and were making $2–3 million in revenue.” “My body is my company.” “Why is it a bad thing that I’m putting myself in a position to make a lot of money at an early age?” “I really got to see how the world works.” “I started to understand the similarities between companies and the business of basketball.”
1:45

Jaylen Brown says meeting 21-year-old founders making $2–3 million in revenue changed how he views money and business “When I was at Cal, I met this dude Eric Moore. He had his own venture capital firm.” “I just kept hitting him up until he let me intern at his VC firm.” “He started teaching me about money, how rich people make money, and how they stay rich.” “At 18 or 19, I got to see companies being run successfully.” “Some of the founders were 21 or 22, had dropped out of college, and were making $2–3 million in revenue.” “My body is my company.” “Why is it a bad thing that I’m putting myself in a position to make a lot of money at an early age?” “I really got to see how the world works.” “I started to understand the similarities between companies and the business of basketball.”

Isaac Bassey

403,562 Aufrufe • vor 1 Monat

Warren Buffett turned $9.7 million into more than $370 million on a single stock, and the setup was sitting in plain sight for anyone to see. This is Buffett explaining the trade that made him, and the simple math almost nobody else acted on: In the mid-1970s, the entire Washington Post Company was on sale for $80 million. Its actual properties were worth at least $400 million. In his words, "no one would have argued with you about the properties being worth $400 million." So why was it that cheap? "The price was there for all to see, but people just didn't feel very enthusiastic about the world then." Buffett did. In 1973 he bought 1.7 million shares for $9.7 million. As a boy he had delivered that same newspaper. Now he owned 13% of it. He never sold. By the time of this interview, that $9.7 million was worth $370 million, and he still called it a holding he would keep forever. Bookmark & watch: _______ Follow Fireside Tapes for more highlights of key business and investing conversations.
19:36

Warren Buffett turned $9.7 million into more than $370 million on a single stock, and the setup was sitting in plain sight for anyone to see. This is Buffett explaining the trade that made him, and the simple math almost nobody else acted on: In the mid-1970s, the entire Washington Post Company was on sale for $80 million. Its actual properties were worth at least $400 million. In his words, "no one would have argued with you about the properties being worth $400 million." So why was it that cheap? "The price was there for all to see, but people just didn't feel very enthusiastic about the world then." Buffett did. In 1973 he bought 1.7 million shares for $9.7 million. As a boy he had delivered that same newspaper. Now he owned 13% of it. He never sold. By the time of this interview, that $9.7 million was worth $370 million, and he still called it a holding he would keep forever. Bookmark & watch: _______ Follow Fireside Tapes for more highlights of key business and investing conversations.

Fireside Tapes

91,843 Aufrufe • vor 2 Monaten

ICYMI: Brad Jacobs, the founder of eight billion-dollar companies, makes an unexpected acknowledgment worth nearly $1 billion in his new book.. “I love David. I raised $750 million out of his David Senra audience, & I didn’t even have to pay him a fee,” & he laughed. He like slapped his knee & laughed." TLDR: The value of high-trust, high-signal media can quietly move hundreds of millions in capital. Credibility compounds over time. Read: How to Make a Few More Billion Dollars, Brad Jacobs David Senra, of David Senra & David Senra . . . I’m reading the book, not knowing this is about to happen, and he goes: “And then I found a different source of capital, which was two of the top 20 shareholders in the new company, came because David Senra profiled me on his Founders podcast.” And I’m like, “What? Oh my gosh.” So he had told me that in private, but then John, our mutual friend John Coogan (John Coogan), said "that was the best podcast endorsement of all time." So when I went to record with him in his house in Greenwich, we traveled with like a five-camera setup. It was like, we have an army that comes with us. And these aren’t business guys; these are just camera guys and podcast guys. And he goes, “I love David. I raised $750 million out of his audience, and I didn’t even have to pay him a fee,” and he laughed. He like slapped his knee and laughed. And I don’t know anything about investment banking, so I call a friend of mine. He’s like, “Oh yeah, that saved him quite a bit of money.” And so that’s what he’s talking about. It’s like, two people didn’t know who he was. They heard my episode on his first book. One put in $400 million. One put in $350 million and then joined his board. And they told Brad how they learned about him, and so then he put it in the book."
1:22

ICYMI: Brad Jacobs, the founder of eight billion-dollar companies, makes an unexpected acknowledgment worth nearly $1 billion in his new book.. “I love David. I raised $750 million out of his David Senra audience, & I didn’t even have to pay him a fee,” & he laughed. He like slapped his knee & laughed." TLDR: The value of high-trust, high-signal media can quietly move hundreds of millions in capital. Credibility compounds over time. Read: How to Make a Few More Billion Dollars, Brad Jacobs David Senra, of David Senra & David Senra . . . I’m reading the book, not knowing this is about to happen, and he goes: “And then I found a different source of capital, which was two of the top 20 shareholders in the new company, came because David Senra profiled me on his Founders podcast.” And I’m like, “What? Oh my gosh.” So he had told me that in private, but then John, our mutual friend John Coogan (John Coogan), said "that was the best podcast endorsement of all time." So when I went to record with him in his house in Greenwich, we traveled with like a five-camera setup. It was like, we have an army that comes with us. And these aren’t business guys; these are just camera guys and podcast guys. And he goes, “I love David. I raised $750 million out of his audience, and I didn’t even have to pay him a fee,” and he laughed. He like slapped his knee and laughed. And I don’t know anything about investment banking, so I call a friend of mine. He’s like, “Oh yeah, that saved him quite a bit of money.” And so that’s what he’s talking about. It’s like, two people didn’t know who he was. They heard my episode on his first book. One put in $400 million. One put in $350 million and then joined his board. And they told Brad how they learned about him, and so then he put it in the book."

Molly O’Shea

47,419 Aufrufe • vor 8 Monaten

Paul Tudor Jones on the moment early in his career that taught him the difference between investing and trading. He watched Bunker Hunt go from the richest man on Earth to nearly bankrupt in six weeks: "Bunker Hunt was squeezing silver at the time, and he bought about 200 million ounces at an average price of about $3.50. And between 1976 and 1980, inflation started ripping and silver went literally through the roof. By like 1979, silver was around $30 an ounce, and all of a sudden he was worth about five or six billion. So he buys 20 million ounces at $35. And it just roofed. Goes to $50. He's worth about 11 billion and he's got a multiple of five or six on the next closest guy. I just couldn't even believe what I had seen and how much money that this guy had made. COMEX made it liquidation only and silver collapsed. It went from $50 to under $10 in the space of about eight weeks. And that had a searing impact on me, to see him go from the richest guy to virtually bankrupt in the short space of six or seven weeks. Right then and there, I would never own anything or trust anything for the rest of my life. My grandfather, when I was really young, he said, "Son, you're only worth what you can write a check for tomorrow." So liquidity's always been something that's been in my DNA. I had this friend; he was such a character. We were brokers at that time at E.F. Hutton. And we called him The Mortician because he'd get an account with 10,000, churn about a $100,000 in commissions, take it to a million bucks, and then have it in deficit. So you learned that liquidity was really important because the volatility was so huge. We're all living on the edge. So that had a real impact on me. The idea of owning something for the long run was laughable, because look how much money you could make by trading in the short run."
3:32

Paul Tudor Jones on the moment early in his career that taught him the difference between investing and trading. He watched Bunker Hunt go from the richest man on Earth to nearly bankrupt in six weeks: "Bunker Hunt was squeezing silver at the time, and he bought about 200 million ounces at an average price of about $3.50. And between 1976 and 1980, inflation started ripping and silver went literally through the roof. By like 1979, silver was around $30 an ounce, and all of a sudden he was worth about five or six billion. So he buys 20 million ounces at $35. And it just roofed. Goes to $50. He's worth about 11 billion and he's got a multiple of five or six on the next closest guy. I just couldn't even believe what I had seen and how much money that this guy had made. COMEX made it liquidation only and silver collapsed. It went from $50 to under $10 in the space of about eight weeks. And that had a searing impact on me, to see him go from the richest guy to virtually bankrupt in the short space of six or seven weeks. Right then and there, I would never own anything or trust anything for the rest of my life. My grandfather, when I was really young, he said, "Son, you're only worth what you can write a check for tomorrow." So liquidity's always been something that's been in my DNA. I had this friend; he was such a character. We were brokers at that time at E.F. Hutton. And we called him The Mortician because he'd get an account with 10,000, churn about a $100,000 in commissions, take it to a million bucks, and then have it in deficit. So you learned that liquidity was really important because the volatility was so huge. We're all living on the edge. So that had a real impact on me. The idea of owning something for the long run was laughable, because look how much money you could make by trading in the short run."

Patrick OShaughnessy

173,542 Aufrufe • vor 4 Monaten

Before Uber made him a billionaire, Travis Kalanick spent four years drawing no salary and living at his mother's house to keep a startup alive. He sold it for $19 million, cleared $3 million of his own, and to this day calls it the happiest day of his life. This is him on the company almost no one remembers, and why that one small win still outweighs everything he has built since. He started Red Swoosh in 2001, a file-sharing idea he describes as BitTorrent meets Akamai, before BitTorrent existed. By his own account it should never have survived. "That company wasn't meant to be and I willed it into being." For the first four years he paid himself nothing and moved back in with his mom. "The first 4 years, no salary. Lived at mom's." When Akamai finally bought it, the number that changed his life was not the kind that makes headlines today. "I sold it to Akamai for, like, I think it was like 19 million bucks. And probably to this day is still the happiest day of my life." He would go on to build Uber, worth a hundred times more. He still measures the best day of his life by the company that almost didn't make it. Bookmark & watch ↓
1:09

Before Uber made him a billionaire, Travis Kalanick spent four years drawing no salary and living at his mother's house to keep a startup alive. He sold it for $19 million, cleared $3 million of his own, and to this day calls it the happiest day of his life. This is him on the company almost no one remembers, and why that one small win still outweighs everything he has built since. He started Red Swoosh in 2001, a file-sharing idea he describes as BitTorrent meets Akamai, before BitTorrent existed. By his own account it should never have survived. "That company wasn't meant to be and I willed it into being." For the first four years he paid himself nothing and moved back in with his mom. "The first 4 years, no salary. Lived at mom's." When Akamai finally bought it, the number that changed his life was not the kind that makes headlines today. "I sold it to Akamai for, like, I think it was like 19 million bucks. And probably to this day is still the happiest day of my life." He would go on to build Uber, worth a hundred times more. He still measures the best day of his life by the company that almost didn't make it. Bookmark & watch ↓

Fireside Tapes

117,543 Aufrufe • vor 1 Monat

A man invested $53,000 of his family's savings into a dying video game store. Hedge funds laughed. He turned it into $48 MILLION and made Wall Street beg Congress to stop him. > Keith Gill was a 34 year old financial analyst at a Boston insurance firm in 2019. His salary was ordinary but his conviction was not. > He believed GameStop, a struggling mall video game retailer trading at $5 a share, was one of the most undervalued companies in America. > Wall Street disagreed. Hedge funds had shorted the stock so aggressively that more shares were shorted than actually existed. They were certain it was going to zero. > Gill invested $53,000 of his family's savings and started posting his analysis online under the name DeepFuckingValue on Reddit and Roaring Kitty on YouTube. > Nobody took him seriously. He kept posting anyway, week after week, with nothing but spreadsheets and conviction. > In January 2021 retail traders on Reddit's WallStreetBets discovered his posts. > They started buying. The stock went from $5 to $483 in three weeks. A 9,600% move. > Hedge funds that shorted the stock lost BILLIONS. One firm alone lost $6.8 BILLIO and had to be bailed out by other hedge funds. > By January 27 2021 Gill's $53,000 investment was worth $48 MILLION. > He lost $13 MILLION in a single day when the stock fell. He held anyway, without flinching, without selling a share. > Robinhood restricted buying of GameStop without warning. Retail traders were furious. Congress summoned Gill to testify. > He showed up in his Roaring Kitty headband and said three words that became the most quoted phrase in finance that year: "I like the stock." > His employer fired him and paid a $4 MILLION fine for failing to supervise his trading. > He went quiet for three years. Then in May 2024 he posted a single image on X. GameStop surged 50% the next morning before he said a word. > By June 2024 his position was worth $289 MILLION. > A Hollywood film called Dumb Money was made about the saga, starring Paul Dano. He has never spoken publicly about it. He invested $53,000 into a stock Wall Street had already written off for dead. Hedge funds lost BILLIONS.
0:59

A man invested $53,000 of his family's savings into a dying video game store. Hedge funds laughed. He turned it into $48 MILLION and made Wall Street beg Congress to stop him. > Keith Gill was a 34 year old financial analyst at a Boston insurance firm in 2019. His salary was ordinary but his conviction was not. > He believed GameStop, a struggling mall video game retailer trading at $5 a share, was one of the most undervalued companies in America. > Wall Street disagreed. Hedge funds had shorted the stock so aggressively that more shares were shorted than actually existed. They were certain it was going to zero. > Gill invested $53,000 of his family's savings and started posting his analysis online under the name DeepFuckingValue on Reddit and Roaring Kitty on YouTube. > Nobody took him seriously. He kept posting anyway, week after week, with nothing but spreadsheets and conviction. > In January 2021 retail traders on Reddit's WallStreetBets discovered his posts. > They started buying. The stock went from $5 to $483 in three weeks. A 9,600% move. > Hedge funds that shorted the stock lost BILLIONS. One firm alone lost $6.8 BILLIO and had to be bailed out by other hedge funds. > By January 27 2021 Gill's $53,000 investment was worth $48 MILLION. > He lost $13 MILLION in a single day when the stock fell. He held anyway, without flinching, without selling a share. > Robinhood restricted buying of GameStop without warning. Retail traders were furious. Congress summoned Gill to testify. > He showed up in his Roaring Kitty headband and said three words that became the most quoted phrase in finance that year: "I like the stock." > His employer fired him and paid a $4 MILLION fine for failing to supervise his trading. > He went quiet for three years. Then in May 2024 he posted a single image on X. GameStop surged 50% the next morning before he said a word. > By June 2024 his position was worth $289 MILLION. > A Hollywood film called Dumb Money was made about the saga, starring Paul Dano. He has never spoken publicly about it. He invested $53,000 into a stock Wall Street had already written off for dead. Hedge funds lost BILLIONS.

Comet

1,836,858 Aufrufe • vor 3 Monaten

🚨 JUST IN - Steven Spielberg says he believes we are not alone at SXSW while discussing his upcoming UFO film "Disclosure Day" “What reinvigorated me in wanting to make the first UFO movie I’ve made in 50 years was when the New York Times came out in 2017 with an article about the Navy pilot who had seen something on his FLIR and recorded it and reported it. It completely rekindled my interest in this subject matter. Then of course there was a Congressional subcommittee hearing in 2023 and it was a fascinating Q and A. I don’t have any more than any of you do, but I have a very strong suspicion that we are not alone and I made movie about that”
2:22

🚨 JUST IN - Steven Spielberg says he believes we are not alone at SXSW while discussing his upcoming UFO film "Disclosure Day" “What reinvigorated me in wanting to make the first UFO movie I’ve made in 50 years was when the New York Times came out in 2017 with an article about the Navy pilot who had seen something on his FLIR and recorded it and reported it. It completely rekindled my interest in this subject matter. Then of course there was a Congressional subcommittee hearing in 2023 and it was a fascinating Q and A. I don’t have any more than any of you do, but I have a very strong suspicion that we are not alone and I made movie about that”

Red Panda Koala

45,360 Aufrufe • vor 6 Monaten

When you hear the advice "hire the best," this is what that looks like: "We had a candidate who came and interviewed. He was a junior at MIT and very very young. We gave him our interview and he did way better than almost any of the full-time candidates that we had ever talked to. So we said to him, what do you think about taking some time off of school and working with us and building out Devin? And he thought about it for a while, and he came back, and he said I'm down, I want to do it, but my parents really want me to graduate from school, and I'm just not sure there's a way to make it work. So we talked with him more to fully understand the situation, and then we flew to North Carolina, went straight from the airport to his parents' house, had dinner with him and his parents, and tried to understand, all right, what would it take to make this work? They said it sounds like a great opportunity, but we really want our son to be able to graduate. So we figured out a setup where he could work for us essentially full time, but then come in for his required classes, and do what he needed to do to get the diploma. More than that, we got to a point where everyone was happy Then we went straight back to the airport and flew home." – Scott Wu, CEO and co-founder of @cognition, makers of Devin
0:59

When you hear the advice "hire the best," this is what that looks like: "We had a candidate who came and interviewed. He was a junior at MIT and very very young. We gave him our interview and he did way better than almost any of the full-time candidates that we had ever talked to. So we said to him, what do you think about taking some time off of school and working with us and building out Devin? And he thought about it for a while, and he came back, and he said I'm down, I want to do it, but my parents really want me to graduate from school, and I'm just not sure there's a way to make it work. So we talked with him more to fully understand the situation, and then we flew to North Carolina, went straight from the airport to his parents' house, had dinner with him and his parents, and tried to understand, all right, what would it take to make this work? They said it sounds like a great opportunity, but we really want our son to be able to graduate. So we figured out a setup where he could work for us essentially full time, but then come in for his required classes, and do what he needed to do to get the diploma. More than that, we got to a point where everyone was happy Then we went straight back to the airport and flew home." – Scott Wu, CEO and co-founder of @cognition, makers of Devin

Lenny Rachitsky

209,026 Aufrufe • vor 1 Jahr