We Study Billionaires - The Investor’s Podcast Network

TIP540: Lessons in Life and Business from a Self-Made Billionaire w/ Andrew Wilkinson

Mar 31, 2023

01:02:49

Highlights

AI Chapters

Episode notes

Being unemployable - only start a business if you feel the urge

01:03

Deal framework - can I pay myself back in 5 years

01:22

Building relations with important people

02:08

Bootstrapping only thing they know when starting

01:21

Introduction

2min

The Importance of Holding Your Business

3min

The Origins of the Berkshire Hathaway for Tech

2min

The Disadvantages of Bootstrapping

4min

The Warren Buffett Way

4min

The Importance of Having a Proper Leader

4min

How Buffett Simplifies Deals

6min

How to Increase Delegation

2min

The Struggles of Managing a Subsidiary Business

3min

10.

Warren Buffett and Charlie Munger

2min

11.

The Pitfalls of Raising Kids

2min

12.

How to Teach Your Kids Investing

2min

13.

The Power of Anti Goals

2min

14.

How to Structure a Deal

2min

15.

The Relationship Between Warren Buffett and Munger

3min

16.

How to Create Your Own Luck

4min

17.

How to Get the Most Out of Your Brain

3min

18.

Bill Ackman: A Value Investor

3min

19.

The Effect of Self-Care on the Brain

3min

20.

How to Delegate to a CEO

2min

21.

How Buffett Influenced Philanthropy

3min

22.

How to Be a Successful Investor and Business Person

5min

23.

How to Own a Business

3min

Trey chats with billionaire entrepreneur and investor, Mr. Andrew Wilkinson. They discuss various topics, including self-care and parenting, as well as exciting deals he collaborated on with Bill Ackman and Howard Marks.

Andrew is the co-founder of Tiny, which has been called the Berkshire Hathaway of Tech companies. Andrew turned his first business, MetaLab, into a not-so-tiny conglomerate in a similar fashion to how Buffett turned an old textile mill into the juggernaut Berkshire is today.

IN THIS EPISODE, YOU'LL LEARN:

0:00 - Intro

04:50 - The philosophies behind Tiny and how it operates.

10:49 - How he partnered up with Bill Ackman and Howard Marks on some exciting deals.

30:07 - Andrew’s insights from his conversations with Warren Buffett and Charlie Munger.

35:56 - What it means to set “Anti-goals”.

54:03 - The art and science of self care, de-stressing and delegation.

59:00 - Andrew’s thoughts on parenting, philanthropy, entrepreneurship, investing and a TON of amazing resources.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
How to Get Rich: One of the World's Greatest Entrepreneurs Shares His Secrets by Felix Dennis.
Khan Academy Website.
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It by Michael E. Gerber.
The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai.
Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth with Commentary by David Clark.
Influence, New and Expanded: The Psychology of Persuasion by Robert B. Cialdini.
The Psychology of Human Misjudgment by Charlie Munger Audiobook.
Tiny Website.
Trey Lockerbie's Twitter.
Andrew Wilkinson's Twitter.

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