My First Million

Buffett’s Money Wisdom, Galloway’s $100M Advice & Why Newsletters Suck

Sep 7, 2023

01:20:19

Snipd AI

Shaan Puri and Sam Parr cover topics including the power of charisma in politics, the allure of unconventional ventures, re-reading books, and a tool called Paperscraper with big potential. They also discuss Warren Buffet's genius IQ and disciplined approach to investing, choosing opportunities, the importance of charisma in political candidates, and the launch of Alpha Signal, an AI newsletter for technical people.

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Podcast summary created with Snipd AI

Quick takeaways

Charisma can play a significant role in political success, suggesting the creation of a TV show called 'The President' that tests and showcases candidates' charisma through challenges.

There is a need to shift focus towards simple and effective solutions that can improve quality of life and bring positive change, rather than being attracted to complex or tactical solutions.

Charisma and playfulness can diffuse tense situations, create openings for productive dialogue, and navigate challenging scenarios.

Deep dives

The Importance of Charisma in Presidential Candidates

According to Michael Birch, charismatic candidates are more likely to win presidential races. He suggests creating a TV show called 'The President' that casts candidates based on their charisma and puts them through challenges. This show would challenge the tendency of established parties to push forward their preferred candidates, allowing for a more diverse selection process. Such a show would provide entertainment and potentially influence the political landscape.

The Value of Rereading Books

00:32

Scott Galloway's Personal Finance and Money Mindset revealed

02:02

People's Attraction to Pills and the Power of Decision

01:13

Scientist Uses Page Rank Algorithm to Identify Top Scientific Papers

01:16

Introduction

2min

Enjoying Life and Investing in Experiences

7min

Warren Buffett's Genius IQ and Disciplined Approach

8min

Choosing Opportunities and Analyzing Success

20min

10,000 Steps, Name Pronunciation, Presidential Debates, and Successful Entrepreneur

6min

The Importance of Charisma in Political Candidates

15min

Moving Companies and Staying Updated with Scientific Research

2min

Alpha Signal: A Tailored AI newsletter for Technical People

5min

Newsletter Hype and Acquisition

16min

Episode 493: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/thesamparr) cover everything from the power of charisma in politics to the allure of unconventional ventures and investments. Tune in as they dive into the significance of re-reading books + uncovering the stories embedded in our own lives and breakdown Paperscraper — a tool with big potential that can be copied and pasted in a number of industries.

Want to see more MFM? Subscribe to the MFM YouTube channel here.

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Check Out Shaan's Stuff:

• Try Shepherd Out - https://www.supportshepherd.com/

• Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant

• Power Writing Course - https://maven.com/generalist/writing

• Small Boy Newsletter - https://smallboy.co/

• Daily Newsletter - https://www.shaanpuri.com/

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com/

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Show Notes:

(0:00) Intro

(0:40) Scott Galloway’s personal finances

(2:45) Why big financial wins are rarely from your main thing

(9:14) Crazy stories about Warren Buffet

(18:10) Takeaways from listening to Founders podcast w/ David Senra

(30:16) Why people prefer complexity over simplicity

(35:21) Everyone’s looking for a magic pill

(42:50) Create a TV show to find our next president

(1:06:11) Paperscrapper

(1:11:29) Sam could’ve been a Youtuber

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Links:

• Tony Robbins vid - https://www.youtube.com/watch?v=nONTbIlCtKM

• Scott Galloway's Personal FInance - https://www.youtube.com/watch?v=cxQ4agvOvTI

• Founders Podcast episode - https://tinyurl.com/zzc3d96f

• Seth Bannon Tweet - https://twitter.com/sethbannon/status/1676683104986218502?s=20

• Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.

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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.

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