#141 - The 2020 MFM Award Show (with Andrew Wilkinson)

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Dec 30, 2020

A light-hearted awards ceremony highlights the best and worst of the business world in 2020, from the transformative influence of billionaires to standout companies like Zoom and Shopify. Predictions for 2021 spark lively debates, while discussions on innovative investment strategies and the changing landscape of e-commerce provide food for thought. The hosts also share personal reflections on fitness journeys, favorite books, and surprising quarantine joys, weaving a mix of humor and insight throughout the conversation.

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ANECDOTE

Chuck Feeney's Generosity

Chuck Feeney, who made billions through duty-free shoppers, gave away his entire fortune.
This act of generosity makes him Sam Parr's "Billy of the Year".

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ANECDOTE

The Anonymous Billionaire

Mark Leonard, founder of Constellation Software, is a private billionaire.
Despite his $1.9B fortune, he avoids publicity and interviews.

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ANECDOTE

2020's Financial Winners

Elon Musk's net worth grew massively, and Mackenzie Scott donated billions.
Michael Saylor profited significantly from Bitcoin investments.

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The Millies: Celebrating 2020's Influencers

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Innovating Liquidity in Private Investments

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Wealth, Wellness, and Wisdom

19:42 • 8min

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Enhancing Entertainment and Productivity with Creative Tools

27:56 • 2min

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Exploring Investment Opportunities and Podcast Recommendations

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Navigating Investment Landscapes Post-Pandemic

31:47 • 24min

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Business Insights and Tech Innovations

55:37 • 20min

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Navigating the Future of Trucking and E-Commerce

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Navigating 2020: Cities, Habits, and Personal Growth

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Setting Goals and Embracing Popular Culture

Sons of Wichita by Daniel Schulman delves into the complex lives of the Koch brothers—Charles, David, Frederick, and Bill—examining their family dynamics, business strategies, and political ambitions. The book provides a nuanced portrait of a family shaped by wealth, ideology, and fraternal rivalries, offering insights into one of America's most influential dynasties.

The PayPal wars

Battles with Ebay, the Media, the Mafia, and the Rest of Planet Earth

Eric Jackson

This book offers a lively, blow-by-blow account of PayPal's death-defying beginnings and ferocious battles. It details how Elon Musk and Peter Thiel joined forces, the attempts by organized crime to ransack PayPal, and the fierce opposition from government bureaucrats and regulators. The book highlights the company's struggles, including its brink of insolvency and the eventual turnaround by Thiel and his team. It also warns about the hostile modern business environment and the threats posed by regulators, lawyers, and lobbyists to American entrepreneurship.

I will teach you to be rich

Ramit Sethi

This book, updated for a new era, provides a simple and powerful 6-week program to manage finances. Ramit Sethi focuses on behavioral psychology to help readers save more, earn more, and automate their finances. Key lessons include focusing on big wins rather than small savings, automating financial tasks, and spending guilt-free on things you love while cutting back on unnecessary expenses. The book also covers topics like crushing debt, setting up high-interest bank accounts, and long-term investing in index funds.

Breath

The New Science of a Lost Art

James Nestor

In 'Breath: The New Science of a Lost Art,' James Nestor delves into the history and science of breathing, revealing how modern humans have lost the ability to breathe correctly. The book takes readers on a global journey to ancient burial sites, secret Soviet facilities, and other unusual locations to uncover the hidden science behind ancient breathing practices like Pranayama, Sudarshan Kriya, and Tummo. Nestor collaborates with pulmonary experts to test long-held beliefs about breathing and presents evidence that slight adjustments in breathing can significantly improve athletic performance, rejuvenate internal organs, and alleviate various health issues such as snoring, asthma, and autoimmune diseases.

How to Get Rich

Felix Dennis

In 'How to Get Rich,' Felix Dennis shares his insights and experiences on building wealth. The book is distinct from other self-help or get-rich-quick guides as it emphasizes the importance of hard work, calculated risks, and ownership. Dennis discusses the necessity of execution over great ideas, the role of luck, and the need to overcome fear and embarrassment of failure. He also highlights the importance of maintaining control over one's business and the sacrifices required to achieve significant wealth. The book is known for its blunt and practical advice, reflecting Dennis's own journey from a college dropout to a multi-millionaire.

Lights Out

Robert Lawrence Stine

Shaan Puri (@ShaanVP), Sam Parr (@TheSamParr) and Andrew Wilkinson (@awilkinson) wrap up 2020 by awarding and highlighting the best moments in the business world, the MFM podcast and their personal lives. The guys also make some fun predictions for what's to come in 2021. This is the first annual MFM Millies. Enjoy! - (2:20-9:01) Billy of the Year - (9:02-14:10) Breakout Company of the Year - (14:10-20:40) Under the Radar Company of the Year - (20:41-28:40) Favorite Person of the Year (non-family) - (28:41-32:10) Favorite Tool of The Year - (32:11-44:10) Best Investment of The Year - (44:11-46:43) Best Bet for 2021 - (46:44-53:50) What prediction did you get wrong in 2020 - (53:51-56:29) What person would you want to invest in? - (56:29-1:00:00) Wildest predictions for 2021 - (1:00:18-1:01:02) Which big company will be acquired in 2021? - (1:01:03-1:05:47) Best MFM Idea of the Year - (1:05:48-1:07:20) Best MFM Guest of the Year - (1:07:21-1:12:02) Worst MFM Idea of the Year - (1:12:03-1:15:34) Best MFM Moment of the Year - (1:15:35-1:19:10) Favorite Project of the Year - (1:19:11-1:28:03) Industries to Watch in 2021? - (1:28:04-1:35:05) Most Overrated Company/Trend of the Year - (1:35:06-1:35:48) Fuck/Murder/Marry - SF, Austin, Miami - (1:35:49-1:38:10) Favorite new podcast/newsletter/Twitter follow of the Year - (1:38:11-1:39:27) Favorite Book of the Year - (1:39:28-1:42:07) Best/Worst Habit of the Year - (1:42:08-1:44:13) Pleasant Surprise of Quarantine - (1:44:14-1:48:27) Best Purchase Under/Over $100 - (1:48:27-1:50:28) A lesson you learned about yourself in 2020 - (1:50:28-1:53:04) Best Relationship Hack of the Year - (1:53:05-1:56:40) Resolution for 2021 Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.

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